This question is about firearm industry statistics.

Is the gun industry growing?

By Zippia Team - Jun. 29, 2022

Yes, the gun industry is growing. In 2020 alone, the industry experienced exceptionally high growth. Between 2019-2020, gun purchases increased by 60% (13.5 million guns purchased to 21.6 million). In a more protracted view, the number of guns sold in the U.S. more than doubled between 2010-2020.

Going forward, the industry is still expected to experience healthy growth after its 2020 high. Overall, the Guns and Accessories industry is expected to experience a CAGR of 6.15% between 2020 and 2027.

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