According to the Pew Research Center, America is awash with guns. There are an estimated 270 to 310 million of them, one for nearly every person in the country. Given that huge amount, it comes as no surprise that the gun market is worth an estimated $15 billion. The companies in the infographic below account for two thirds of the total market, manufacturing 8 million firearms each year, acccording to an investigation by Mother Jones.
Ruger manufactures the highest number of guns for the U.S.market each year, 1.64 million. Remington Outdoor and Smith & Wesson come second and third with 1.47 and 1.31 million respectively. Even though calls for tighter gun control have been growing ever louder amid a plethora of mass shootings, guns are more popular than ever. Smith & Wesson recently posted a 49 percent jump in profit for the three months ending 31 July. Their quarterly profits soared to $87.9 million, up on $58.9 million during the same period last year.
This chart shows the estimated global revenue/number of guns made annually for the US civilian market.
The Statista "Chart of the Day", made available
under the Creative Commons License CC BY-ND 3.0, may be used
and displayed without charge by all commercial and
non-commercial websites. Use is, however, only permitted with
proper attribution to Statista. When publishing one of these graphics,
please include a backlink to the respective infographic URL.
The Statista "Chart of the Day" currently focuses
on two sectors: "Media and Technology", updated
daily and featuring the latest statistics from the media,
internet, telecommunications and consumer electronics
industries; and "Economy and Society", which
current data from the United States and around the
world relating to economic and political issues as well as
sports and entertainment.
For individual content and infographics in your Corporate Design,
please visit our agency website
Any more questions?
Get in touch with us quickly and easily. We are happy to help!