The USA Firearms Production has Tripled since 2001

July 7, 2022USA Firearms Productivity Has Tripled since 2001 In fact, the peak production was reached in 2016, when 10,664,318 rifles, pistols and shotguns were produced. Although shotgun production has declined slightly in the last 20 years, handgun production has increased. This table shows: The U.S. firearms market has seen unprecedented opportunities and rising obstacles in recent years. Shooting Industry magazine’s annual U.S. Firearms Industry Today Report takes us back to 2020. This report, which uses the most recent data from ATF to examine U.S. firearms production, reveals the top producers across all categories of firearms and includes analysis on historical NICS background checks trends and the most recent import/export figures. According to SI Editor Jade Moldae, “While 2020 was the highest year of demand, it wasn’t… a record year for the U.S. gun industry.” “Supply chain problems, raw material sourcing issues and COVID-impacted shut downs, as well as labor shortages, all had an impact on business in 2020. The firearms industry is a major component of the U.S. economy: According to NSSF’s 2022 Firearm and Ammunition Industry Economics Impact Report, the industry’s total economic impact grew from $19.1 million in 2008 to $70.52 million in 2021, a 269% increase. The industry’s total economic impact increased 11.1% from $63.5 billion in 2020 to 375,819 in 2021 (a 9.8% increase). The total number of jobs increased from 342,330 in 2020 to 375,819 in 2021 (9.8%). Highlights from the report include:o Total firearms production in the United States increased 53.3% between 2001 and 2020 (from 6,353,124 firearms to 9,739.335 in 2020). This was the largest year-over-year increase since 1993, when there was a 66.5% rise over 1992.o In 2020, a record 6,502,261 handguns had been produced in the United States. The 9mm pistol dominated handgun production. In 2020, approximately three out of five handguns were chambered with the caliber.