The Gun Industry Is Booming

The United States gun business has boomed during the past 14 years, according to a new report from the National Shooting Sports Foundation (NSSF).

The economic impact of the firearm industry has surged by 269% since the 2008 financial crisis, the group reports, and the growth accelerated during the COVID-19 pandemic. In 2021, the industry generated $70.5 billion in economic activity and created 33,000 new jobs during a time much of the economy was struggling.

NSSF President and CEO Joe Bartozzi said there were 5.4 million new gun-buyers in 2021, according to The Reload. “These new gun owners are increasingly representative of Americans from all walks of life, including more women and more minority communities that have decided to exercise their right to keep and bear arms and to safely enjoy the recreational shooting sports.”