The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of The US Guns and Ammunition Market Industry (2024-2030):

According to the latest report, the The US Guns and Ammunition Market is estimated to grow at a CAGR of around 2.3% during the forecast period, i.e., 2024-30.The report demonstrates the prominent factors propelling the exponential growth of the US Guns and Ammunition Market Research .

Key Takeaways: Beneficial for Stakeholders and Clients

·        Historic Period: 2019-2022

·        Base year: 2023

·        Forecast Years: 2024-2030

·        CAGR:2.3%

What are the major Driver The US Guns and Ammunition Market industry?

Surge in Military Spending to Accelerate the Market Growth – In recent years, the US has seen a notable increase in defense spending due to factors like the Russia-Ukraine conflict and geopolitical uncertainties in the Middle East. The decision by the US government to offer military assistance to Ukraine has played a crucial role in the increase, ensuring global stability. Substantial financial aid and support have been directed towards reinforcing the Ukrainian military. According to the Stockholm International Peace Research Institute (SIPRI), US defense spending witnessed a substantial increase of approximately USD71 billion from 2021 to 2022. As a result, there is a heightened demand for firearms and ammunition within the country's defense sector, contributing to the expansion of the US Guns and Ammunition Market.

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The US Guns and Ammunition Market Segmentation

The US Guns and Ammunition Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

• By Type
• Guns- Market Size & Forecast 2019-2030, USD Million
• Ammunition-Market Size & Forecast 2019-2030, USD Million
• By Lethality
• Non-Lethal-Market Size & Forecast 2019-2030, USD Million
• Lethal- Market Size & Forecast 2019-2030, USD Million
• By Application
• Defense- Market Size & Forecast 2019-2030, USD Million
• Military Operation
• Law Enforcement
• Security Services- Market Size & Forecast 2019-2030, USD Million
• Close Protection Services
• Event Security
• Secure Transportation
• Others (Industrial Security, Private Investigation, etc.)
• Civilians- Market Size & Forecast 2019-2030, USD Million
• Self Defense
• Sport Shooting
• Hunting 

As per the regional aspect, the The US Guns and Ammunition Market is expected to be dominated by U.S by capturing the potential market share. 

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Top Companies in the The US Guns and Ammunition Market

Sig Sauer, Smith & Wesson, Sturm, Roger & Co. Inc., Taurus International Manufacturing Inc., Springfield Armory, Ammo Inc., Federal Ammunition, Hornady, FN Herstal, Black Hills Ammunition, and Others

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