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Investing in the Second Amendment: Gun Industry Shows Continued Strong Growth

Monday, May 1, 2023

Investing in the Second Amendment: Gun Industry Shows Continued Strong Growth

As Americans continue to come to terms with the pandemic’s ripple effect on business, unemployment, and snags in the supply chain, one of the bright spots in the economic landscape is the state of the firearm and ammunition industry.

Each year, the National Shooting Sports Foundation (NSSF) publishes a detailed report on the impact of the firearm and ammunition industry on the U.S. economy and jobs. In addition to examining the effect that companies that manufacture, distribute, and sell firearms, ammunition, and hunting equipment have had in the last year, the report looks at trends more generally.

According to the latest report, Firearm and Ammunition Industry Economic Impact Report 2023, the industry’s economic growth “in recent years has been nothing short of remarkable and has been driven by an unprecedented number of Americans choosing to exercise their fundamental right to keep and bear arms. This includes an estimated 4.2 million new gun owners in 2022.”

Since 2008, the overall economic impact of the industry has increased by more than 320% ‒ from $19.1 billion (2008) to $80.7 billion last year. 2022 alone represented an increase of over $10 billion over the year before.  

Other highlights:

  • in 2022, the firearm and ammunition industry was responsible for employing 172,697 people and generated an additional 220,999 jobs in supplier and ancillary industries;
  • Pittman-Robertson excise tax contributions to the Wildlife Restoration Trust Fund exceeded $1.15 billion in 2022;
  • in addition, the industry and industry employees paid over $7.48 billion in state and federal taxes in 2022, including property, income, and sales-based levies; and
  • “over 4.2 million Americans from all walks of life, for the first time, discovered and exercised their right to lawful firearm owners and safely participate in the recreational shooting sports last year.”

The report’s state-by-state breakdown shows that these economic gains are by no means restricted to “pro-gun” jurisdictions and extend to every state. The economic impact of the gun industry in New York State, for instance, exceeded $3 billion ($3,187,992,000) last year. Likewise, California benefitted by an annual total output of just under six billion dollars ($5,992,739,100). 

While anti-gun politicians and their gun-control allies attack the gun industry (here and here, for instance) as part of a campaign against firearm-related commerce in general, the indisputable fact remains that the industry’s continued strength relies on millions of law-abiding consumers – sport shooters, hunters, farmers and other everyday Americans –  exercising their fundamental constitutional rights and investing in the Second Amendment.

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Federal Legislation Introduced to Ban “Gas Operated Semiautomatic” Firearms

Friday, December 1, 2023

Federal Legislation Introduced to Ban “Gas Operated Semiautomatic” Firearms

Joe Biden has long insisted he would ban what he calls “assault weapons” and has enlisted a motley succession of extreme anti-gun legislators to aid in that effort. Now, Senators Angus King (IND-ME) and Martin ...

Following Terrorist Attack, Israel Relaxes Gun Laws and Arms Civilians

News  

Monday, October 16, 2023

Following Terrorist Attack, Israel Relaxes Gun Laws and Arms Civilians

Following an unprecedented terrorist attack on civilians that indiscriminately targeted even the elderly, women, and children, Israel has loosened its gun laws and is distributing firearms to civilians. As of press time, the number of victims killed in ...

Virginia: Omnibus Gun Control Bills Filed Ahead of the 2024 Legislative Session

Thursday, November 30, 2023

Virginia: Omnibus Gun Control Bills Filed Ahead of the 2024 Legislative Session

In Virginia, the pre-filing of legislation has begun for the 2024 session and anti-gun legislators are wasting no time in aggressively laying out their agenda. 

Fourth Circuit Court of Appeals Strikes Maryland’s Handgun Qualification License Requirement in NRA-Backed Case.

Tuesday, November 21, 2023

Fourth Circuit Court of Appeals Strikes Maryland’s Handgun Qualification License Requirement in NRA-Backed Case.

On Tuesday, a three-judge panel of the United States Court of Appeals ruled that Maryland’s Handgun Qualification License (“HQL”) requirement is unconstitutional under the Second Amendment. 

Federal Judge in Colorado Insists There is No Second Amendment Right to Buy a Gun

News  

Monday, November 20, 2023

Federal Judge in Colorado Insists There is No Second Amendment Right to Buy a Gun

Honest people can disagree with the Founders’ decision to enshrine the Second Amendment within the Bill of Rights. They cannot, however, pretend that decision never happened. For much of the 20th Century, however, gun control activists ...

Canadians on Canada’s Gun Control Measures: Expensive, Ineffective, Political Posturing

News  

Wednesday, September 6, 2023

Canadians on Canada’s Gun Control Measures: Expensive, Ineffective, Political Posturing

More than three years have passed since Canada’s Prime Minister Justin Trudeau announced a ban and mandatory confiscation (“buyback”) of what he called “military grade assault weapons,” which was followed by a national handgun “freeze” ...

Seventh Circuit Strains to Uphold Illinois’ Gun and Magazine Ban

News  

Monday, November 13, 2023

Seventh Circuit Strains to Uphold Illinois’ Gun and Magazine Ban

At this point, gun owners and other productive Americans don’t anticipate much good news out of Chicago. On November 3, the U.S. Court of Appeals for the Seventh Circuit lived up to those expectations when it upheld Illinois’ ...

Kentucky: Senator Westerfield Expected to Introduce Red Flag Legislation for a Hearing this Month

Friday, December 1, 2023

Kentucky: Senator Westerfield Expected to Introduce Red Flag Legislation for a Hearing this Month

The Interim Joint Committee on Judiciary is expected to hear legislation on "Red Flag" laws later this month as a result of legislation to be filed by Senator Whitney Westerfield (R-3). While an official agenda ...

SCOTUS Bruen Decision (Unsurprisingly) Popular with American People

News  

Monday, November 20, 2023

SCOTUS Bruen Decision (Unsurprisingly) Popular with American People

When the Supreme Court of the United States (SCOTUS) released its decision last year in the landmark New York State Rifle & Pistol Association, Inc. v. Bruen case, anti-gun extremist organizations had a collective conniption ...

Updates to ATF Final Rule on Stabilizing Braces

News  

Monday, January 30, 2023

Updates to ATF Final Rule on Stabilizing Braces

On Monday, January 30, the Bureau of Alcohol, Tobacco, Firearms, and Explosives’ (ATF) published the final Factoring Criteria for Firearms with Attached “Stabilizing Braces” rule for public inspection in the federal register.

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NRA ILA

Established in 1975, the Institute for Legislative Action (ILA) is the "lobbying" arm of the National Rifle Association of America. ILA is responsible for preserving the right of all law-abiding individuals in the legislative, political, and legal arenas, to purchase, possess and use firearms for legitimate purposes as guaranteed by the Second Amendment to the U.S. Constitution.