According to this News Beat Social video — which regurgitates NSSF stats — the US firearms industry added another 25k jobs last year, a 10 percent jump from 2014. There are 288k people working at making “instruments of death and destruction” in jobs that average a very healthy $50k a year (compared to last year’s median household income of $53,000 p.a.). Even with an estimated 300 million guns in civilian ownership, NICS checks continue their upward growth track. All reports to the contrary, the US gun business appears to be extremely healthy. But how much more can it grow? How high is up? How much bigger can the gun industry get?
Well, I don’t have one of everything I want yet, and ammo or accessories make such great Christmas or birthday gifts, then my seven year old daughter will need a few rifles and shotguns as she grows, then her mom might take an interest and some small handguns will be needed.. so I think we’ll see more growth! LOL
Put Hillary in the White House and you’ll see a whole lot of people out of a job. Then we can see how low it can go. November 2016 will likely the peak of the Firearms Industry.
The one place where Obama has been great is creating jobs in the firearm industry. I expect Herself to continue that.
If I worked in the firearms industry, I would be secretly hoping for a Hitlery victory come November. She’ll sell more guns than the current POTUS, which is no small accomplishment.
While you make good (political) points with which I cannot argue if you want to really understand how big the gun industry can get wait until a few well planned attacks with well built IEDs occur in the cities of the United States.
Cliff is on to something.
One ‘Day of Wrath’ style ISIS attack on a US school will cause the demand for guns to skyrocket.
If anyone other than Cruz gets elected, there will be lines at the gun stores, as we will be totally screwed. Trump will have the whole country all screwed up in no time, Billary and Burnout are both gun grabbers, yech.
Yeah, but if it’s a Libertarian getting elected, people will be lining up, because all the legal barriers to owning firearms, including NFA items, disappear.
If Gary Johnson gets the nomination, and polls well enough (he’s only a few points away) to get invited to the debates this year, the Libertarian party could become a viable party in the next few election cycles.
Just wait until we start chipping away at the NFA, then you’re going to see some real growth.
If suppressors became legal (no NFA) tomorrow, I would be taking out a loan for 2 maybe 3, if I couldn’t get a loan I might sell a kidney.
Save your kidney, Griz. If suppressors became legal the market demand would quickly allow the manufacturers to cut costs based on efficient production in volume. Look at the history of prices for HiDef flat screen TVs.
True, but you are forgetting supply and demand, that will keep prices up. Oh wait, screw it, I have rudimentary welding skills, and an ace hardware up the block, I will build my own!
The real growth I imagine will be in accessories and ammunition. As more people get guns, they’ll want to feed them and kit them out.
I’ll let you know after Hillary’s first term.
Smith & Wesson prepared for a slowdown in gun sales by acquiring Battenfeld Technologies, which makes accessories. Savage prepared by selling itself to ATK at what was then the top of the market. Remington is preparing by making and selling poorly-made, throwaway crap.
Everybody has a plan.
Yeah Ralph, but isn’t that just the standard Remington business model?
My plan is to buy more ammo, cause it is going to be a b!%@# to find at a reasonable price starting around September and on through at least the first of next year.
It didn’t used to be the Remington business model. That’s what’s infuriating about it.
Nailed it, as usual.
Once again the very old estimate of 300 million firearms pops up in a TTAG article as if it were still accurate. Either use a more current estimate (safely in the neighborhood of 400 million given sales since 2007) or leave out the number entirely.
I do accept the possibility that there have been 100 million lost to tragic boating accidents.
Of all places, CNBC claims revenue for all firearms and ammo are $13.4 billion in the US last year. The industry as a whole, $43 billion. I don’t know how they came out with that second number. Accessories, fees, training, etc? And the last few years have been banner years.
GMC made $152 billion. Ford, $150 billion. A single auto manufacturer’s sales is almost 4 times times the entire firearm industry and related sales. That doesn’t even include gas, registration, taxes, licenses, fees, tolls, insurance. Just what one auto manufacturer managed to sell.
I’m sorry, what was the question?
But, but…Gun Lobby! Manufacturers of death! Illuminati! Colonel Sanders! (He puts an addictive chemical in his chicken that makes you crave it fortnightly.)
“HEED! PANTS! NOW!”
That kid’s got a huge noggin!
Um, yea, about that.
See, if gun buyers were as happy to pony up prices for guns that kept up with inflation, gun sales would be higher.
But noooo. The same people who are perfectly happy to fork over $30K+ for a F-150 pickup (that used to cost $3K when I was a kid) are whinging about a shotgun costing more than $1K.
If guns depreciated like cars I’d have a ton of 10+ year old guns… Haven’t owned a vehicle newer than 10 years old in a decade.
But then like I tell my wife I don’t cheap out on guns because of their high value retention. I know if I ever get in a pinch I can offload a couple non-… errr less-essential guns for most of the original purchase price in no time.
If we get Hillary it will take confirmation hearings for her first Supreme Court appointment to change anything.
So if she gets elected people who have never purchased a gun will be trying to buy two or three and everyone else who wants to buy at least one more will be buying. So I predict at least two years of sales so high that everything that will fire a standard cartridge will be sold almost as soon as it hits the sales floor and ammo will be damn hard to find. Again!
If we don’t get the Hildabeast, then sales will fall back a bit, but not as much as the gun banners will claim.
“There are 288k people working at making “instruments of death and destruction” in jobs that average a very healthy $50k a year (compared to last year’s median household income of $53,000 p.a.)”
Well if the lovely presumptive Demo-rat nominee gets her way, she’ll shit on all those 288K jobs. Demo-rats are shitting on coal workers (174K employed across industry) by legislating a safe product out of existence for higher cost “green energy”. What do you think an emotionally compromised woman (want’s to seat 30 feet from where another woman gobbled her mans goo) would do to gun builders?
As a KY resident, I gotta tell ‘ya… it’s not all good with coal. Getting to it tears up the places people have lived for generations. It pollutes the groundwater these people drink. When it’s all torn up and the coal is gone from that area its, “Best of luck. We gotta go.”
If coal disappeared, the sun would still shine. Coal and oil too, for that matter, is just very old solar energy in a convenient package.
In contrast, there is currently NO viable replacement for firearms and I highly doubt that gun makers cause anywhere near the damage that coal mining does when they set up shop.
“Coal and oil too, for that matter, is just very old solar energy in a convenient package.”
Pointing that out to the Left really, really pisses them off…
Remove the term “NFA” from our dictionary and watch the whole industry take way off. If suppressors, MGs, under 16″ barreled rifles, under 18″ barreled shotguns, etc, and I think every company in the firearm industry would be hiring. Well maybe not companies that have built themselves around things like fake suppressors, arm braces, and bumpfire devices, but you know what I mean.
This was my response as well. You’d see a whole hell of a lot more toys in people’s homes.
That $50k a year figure I’m calling bogus. If you factor out the suits and ties, the white collar salesman and marketing people, the engineers with 4 year degrees, and you average out the wages of the factory floor workers, the ones actually making the parts, that’s more likely $25k a year.
They’re including wages, benefits, retirement, etc. It’s amazing how much of our cost as employees we never see. It’s worse for us self employed types or small business owners.
Expand the market. Europe is on the verge of collapse and chaos. Socialist .govs can’t handle the reality of a growing islamo state in their midst. The man in the street all across Europe is going to have to get armed and get rid of their current leadership if they hope to survive.
The figure I read about the other day, (very well could’ve been on this site) was American export of arms something in the ballpark of $10.something billion.
Oh I think it can grow even larger. The coolkids have discovered guns. Women and hipsters. And the coming violence here(Illinois is way broke) will egg along many more gun sales. I know each one of my SS checks will have a gun related charge to it. And I’m well behind my planned purchases. Stay tuned…it’s gonna’ get really ugly(uglier than a hildebeast).
Sounds way too low. Let’s make a goal to grow it some more.
Buy another safe. It’s emptiness will call to you. You will then support America’s economy.
I want one of those fancy jobs! Graduating with a master’s in manufacturing engineering next spring.
I read somewhere gun sales growing by 25% a year for the past few years to present. And it’s new owners, not same owners buying more. So there’s still a lot of room.
Everyday someone is turning 21 so the rise of the industry at the least should stay steady…