Firearm Industry Experiences Significant Growth in Economic Impact Over the Past Decade
The American firearms industry is alive and well.
According to a report by Jim Grant of AmmoLand, the total economic impact of the firearm industry went from $19.1 billion in 2008 to $70.52 billion in 2021. Similarly, the total number of full-time equivalent jobs grew from roughly 166,000 to over 375,819 in that same time period, which represented a 126% increase.
These figures were drawn from a report that the National Sports Shooting Foundation recently released.