You knew the firearms industry was big business, but we bet you didn’t know just how big. According to a report by TheStreet.com, the overall firearms, hunting, and ammunition sectors of the economy collectively represent a $76 billion dollar industry. At SHOT Show, TheStreet.com TV interviewed Mark DeYoung, an executive with ATK Ammunition Systems. DeYoung revealed some amazing statistics:
Annual Sales of “Hunting and Sporting” ammunition alone total $750,000,000.
ATK’s sporting, law enforcement, and military annual ammunition sales total $1.5 Billion dollars. ATK is now the largest ammunition producer in the world.
ATK produces 6.5 Billion rounds of ammunition every year. Yep, that’s “B” as in Billion. That includes everything from .22 rimfire up to tank ammo.
ATK uses 25,000,000 to 30,000,000 pounds of copper each year in ammunition production.
DeYoung also explained that commodity costs have skyrocketed. A few years ago copper was $0.77 per pound. Now it is $3.20 per pound. Lead prices have also increased substantially. This explains why precision brass and bullet costs have gone up significantly in recent years.
While you may not be familiar with the ATK business name, most shooters will recognize the many commercial brands under the ATK umbrella:
Alliant Powder for reloaders
RCBS reloading equipment
CCI, Speer, Lawman, and Blazer ammunition
CCI and Federal Primers
Federal Premium, Fusion, and Estate Cartridge ammunition
Champion traps and paper, metal and clay targets
Gunslick and Outers gun care products
Shooters Ridge rests, and gear bags
Ram-Line gun stocks
Weaver mounting systems