April 13th, 2016

Firearms Industry is a Now a $49.3 Billion per Year Business

NSSF National Shooting Sports Economic Impact Reports 2015 2016

Guns are big money. In the past seven years, the dollars generated by the production and sales of guns and ammo have more than doubled. In fact, total economic impact of the firearms and ammunition industry in the United States increased from $19.1 billion in 2008 to $49.3 billion in 2015, a 158% increase. Meanwhile the total number of gun industry full-time jobs rose from approximately 166,000 to almost 288,000, a 73% increase in that period, according to a report released by the National Shooting Sports Foundation (NSSF), the industry’s trade association. Read NSSF Report HERE.

On a year-over-year basis, the industry’s economic impact rose from $43 billion in 2014 to $49.3 in 2015, a nearly 15 percent increase while total jobs increased from approximately 263,000 to almost 288,000, a 9 percent increase in the same period.

“Our industry is proud to be one of the truly bright spots in our economy as an unprecedented number of Americans have chosen to exercise their fundamental right to keep and bear arms and to safely enjoy the shooting sports,” said Stephen L. Sanetti, NSSF president and CEO. “We have increased our direct workforce by about 21,000 in the last two years alone, adding jobs that pay an average of more than $50,000 in wages and benefits.”

The Firearms and Ammunition Industry Economic Impact Report: 2016 provides a state-by-state breakdown of job numbers, wages and output covering direct, supplier and induced employment, as well as federal excise taxes paid. Access the full report here.

Billion Dollar Federal Reserve Note image from Milliondollarbillshop.com.
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April 21st, 2015

Industry Insights: More Guns, More Jobs

NSSF Gun Industry Jobs Economic Impact

According to a new NSSF Industry Report, the total economic impact of the firearms and ammunition industry in the United States increased from $19.1 billion in 2008 to $42.9 billion in 2014, a 125% increase. Industry growth generated more jobs — a lot more jobs. In fact, the total number of “full-time equivalent” jobs rose from 166,000 to more than 263,000, a 58% increase in that period. “We have seen continued dramatic growth in the firearms and ammunition industry that is the direct result of consumer demand for our products since 2008,” said Stephen L. Sanetti, NSSF President and Chief Executive Officer. READ the Firearms and Ammunition Industry Economic Impact Report.

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April 2nd, 2014

Guns and Ammo Contribute $38 Billion Per Year to U.S. Economy

economy ammunition industry NSSFGuns and ammo are big business in the United States — really big business. Guns and ammo now represent a $38 billion-dollar per year segment of the U.S. economy.

According to the NSSF, the total economic impact of the firearms and ammunition industries in the United States increased from $19.1 billion in 2008 to $37.7 billion in 2013, a 97% increase, while the total number of full-time equivalent jobs rose from more than 166,000 to more than 245,000, a 48% increase in that five-year period. These figures are based on a new report release today (April 2, 2014) by the National Shooting Sports Foundation (NSSF).

NSSF President/CEO Steve Sanetti states: “We have seen dramatic, unprecedented during peacetime growth in the firearms and ammunition industry that is the direct result of consumer demand for our products in the last five years. While our nation’s overall economic recovery has been slow since 2008, our industry has been a true bright spot, increasing our direct workforce by nearly half, adding jobs that pay an average of more than $47,700 in wages and benefits. Supplier and induced jobs* were also increased by about half since 2008, even as we increased federal tax payments by 93 percent, Pittman-Robertson excise taxes that support wildlife conservation by 83 percent and state business taxes by 77 percent.”

guns economic impact NSSF

The Firearms and Ammunition Industry Economic Impact Report (2013) provides a state by state breakdown of job numbers, wages and output covering direct, supplier and induced employment, as well as federal excise taxes paid. Access the full report here.

* Induced jobs are those created by the economic impact made by the industry.

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October 22nd, 2010

Despite Recession, Hunters and Shooters Fund Their Hobbies

Many gun industry insiders report that sales are soft this year. However, a recent poll by HunterSurvey.com indicates that most hunters and shooters have not cut back significantly on their gun-related expenditures over the last year. When asked by HunterSurvey.com if they were buying more, less, or about the same amount of gun gear this year (compared to 2009), 40.0 percent of hunters said they were spending “about the same” amount of money this year. That is consistent with 2009, when 40.1% of shooters said their spending levels would stay the same.

No Big Change in Actual Spending Habits
The number of hunters expecting to spend more in 2010 dropped only slightly to 19.8 percent from 21.6 percent in 2009. Of those anticipating fewer purchases, 35.7 percent said they would be spending less compared to 33.5 percent in 2009. Considering the natural variation common to any poll, the differences are not considered significant.

hunter surveyPollster Rob Southwick, president of Southwick Associates, says: “This is decent news for sporting goods manufacturers and retailers who have been uncertain about the effects of the soft economy. While it appears a slow economic recovery is preventing some sportsmen from rushing out and spending at levels seen in 2007, it appears sales in 2010 will fair rather well, given the softness seen in other retail sectors.” Southwick Associates conducts the surveys at HunterSurvey.com and AnglerSurvey.com.

Big Sale on Hunting Gear Now at Cabela’s
If you’re looking for some excellent deals on hunting gear and accessories, Cabela’s is running a big Fall Hunting Sale right now. You’ll find savings of up to 50% on hunting apparel, knives, boots, ammunition, optics and more…

Cabelas hunting sale

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April 29th, 2010

Annual Economic Impact of Firearms Industry is $27.8 Billion

At a Capitol Hill breakfast briefing today, the National Shooting Sports Foundation (NSSF) released a newly commissioned report detailing the significant economic impact the firearms and ammunition industry has on the nation’s and each state’s economy. The numbers were impressive. Overall, the firearms industry had an economic impact of $27.8 BILLION dollars in 2009. The firearms industry generated $8.2 Billion in workers’ wages and $4.4 Billion in tax revenues. “During difficult economic times and high unemployment rates nationally, our industry actually grew and created 16,800 new, well-paying jobs,” said NSSF President Steve Sanetti. “Our industry is proud to be one of the bright spots in this economy.”

Shooting Impact Reports

The economic growth America’s firearms and ammunition industry experienced last year was driven by an unprecedented number of Americans choosing to exercise their fundamental right to keep and bear arms and purchase a firearm and ammunition. Also cited in the Economic Impact Report were the significant taxes paid by industry member companies to federal and state governments and the Pittman-Robertson excise tax — a major source of wildlife conservation funding in America. “In 2009 our industry increased its contribution to wildlife conservation by over 37.6 percent, which translates into sportsmen contributing more than $7.5 million dollars daily to conservation efforts,” said NSSF General Counsel Lawrence G. Keane.

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August 4th, 2009

Americans Spend More Than Ever on Guns and Hunting Gear

You’d never know it, given the way the mainstream media portrays the shooting sports, but hunting/shooting is more important, from an economic standpoint, than golf, tennis, bike-riding, or just about any recreational sport you can name. Americans spent $4.6 Billion on hunting and shooting sports equipment in 2008, a 16% rise from 2007. Yep that’s “B” for Billion.

Hunting Shooting Retail Sales 2009According to a new National Sporting Goods Association report, hunting- and firearms-related equipment was the only sporting-goods equipment category to see double-digit sales growth in 2008. Sales rose 16 percent, while overall sporting-goods equipment sales declined 1 percent compared to the previous year. Hunting- and firearms-related equipment ranked second only to exercise equipment in 2008, NSGA reports. Included in the “hunting and firearms” equipment category are rifles, handguns, shotguns, ammunition, airguns, reloading equipment, paintball and cutlery. NSGA reported sales in the hunting and firearms category were $4.6 billion in 2008, up from $3.9 billion the previous year.

In related news, Sturm Ruger & Co. announced a huge spike in its gun sales for 2009. This is probably due to the popularity of Ruger’s new compact handguns, combined with orders for its new AR15 style rifle, the Ruger SR-556 with gas-piston upper. Ruger reported Wednesday that firearms sales grew 94 percent in the second quarter of 2009, compared to the same period last year, and that sales were up 14 percent when compared to the first quarter of this year. Firearms unit production grew 63 percent from the second quarter of 2008.

Call it “panic buying” or the “Obama Effect”, but it’s ironic that the election of President Obama has ignited the greatest surge in guns and ammo sales in recent memory. One firearms marketing rep has suggested, half-seriously, that Pres. Obama should be named “Gun Salesman of the Century”.

This report courtesy NSSF.org

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August 3rd, 2009

Capt. Dave Funk Runs for Congress

Veteran pilot, rifle shooter, hunter, and AccurateShooter forum member Dave Funk is running as a Republican candidate for U.S. Congress in Iowa. Dave Funk, known as ‘Captain Dave’ by many, served as Co-chair of Iowa Sportsmen for McCain-Palin and has been active in conservative political circles for most of his adult life. He recently serviced as co-chair of the Iowa Sportsmen for McCain-Palin. He is also is the current President of the Iowa Chapter of Safari Club International.

Dave Funk for CongressNow working as an aviation security consultant, Dave served for nearly ten years as an attack helicopter pilot with the Iowa Army National Guard. He has over three decades of aviation experience, most recently as a Boeing 757 Captain for Northwest Airlines.

Why does a family man, living in rural Iowa with his wife and children, want to go to Washington? Dave Funk, a “tried and true conservative”, believes the country is at a crossroads and basic American values and freedoms are being challenged.

Dave explained: “Last fall, in the President’s Message in the Safari Club International’s Iowa Chapter quarterly newsletter, I wrote the following regarding the then-pending election: ‘As a nation we are at a fork in the road, one turn, towards the left, is in a direction much like our European allies have gone, to more government intrusion, higher taxes, fewer individual rights, and unrelenting attacks on our traditions as hunters and, to top it all off… stagnant economies. The other turn is toward the right, to freedom and liberty, lower taxes, [and] a vibrant economy.'”

Dave continued: “The ‘hope’ and ‘change’ thing sold to the American people last fall is not really working out. Democrats took control of Congress… and through a series of legislative missteps have increased the costs of doing business for all of us through higher taxes, excessive spending and massive federal intrusion into the private sector — including taking over banks and manufacturing companies.

I don’t want to face my son 20 years from now when he asks me, ‘Dad, in 2010, when there was still time to save this country, why didn’t you do something?’ It’s time that real Americans step up… before it’s too late. That’s why I’m running for Congress.” To learn more about Dave Funk and his campaign visit www.FunkforCongress.com, or call (515) 966-2066.

Dave Funk for Congress

EDITOR’S NOTE: Whatever your political leanings, you have to admire Dave for undertaking this campaign. We applaud the fact that a fellow shooter is making the effort to get involved in the national politics. It is easy to sit back and complain about the state of affairs in the nation. It takes courage and commitment to do what Dave is doing.

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