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Firearms Industry Has Grown 158 Percent Since 2008

 

Firearms Industry Has Grown 158 Percent Since 2008

By Burt Carey

Firearms industry leaders announced phenomenal growth figures this week.

The overall economic impact of the firearms and ammunition industry in the United States has grown 158 firearms and ammunition industry, United States, Jobs, impressive numbers, female shooters, NSSF sanctioned studypercent since 2008, increasing in sales from $19.1 billion in 2008 to a whopping $49.3 billion in 2015, according to the National Shooting Sports Foundation.

Jobs grew right along with that sales growth, from 166,000 employees in 2008 to 288,000 in 2015, a 73 percent increase.

The NSSF is the firearms industry’s trade association.

The industry’s numbers were most impressive in 2015 compared to 2014, when sales increased 15 percent from $43 billion to $49.3 billion. The industry added 25,000 jobs in the past year, a 9 percent increase over 2014 figures.

“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 chief executive officer. “In response to that dynamic, 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. In addition, since 2008 we increased federal tax payments by 144 percent, Pittman-Robertson excise taxes that support wildlife conservation by 92 percent and state business taxes by 96 percent.”

Female shooters are one key to growth in the industry, as reported in an NSSF-sanctioned study earlier this firearms and ammunition industry, United States, Jobs, impressive numbers, female shooters, NSSF sanctioned studyyear. The trade association interviewed 1,001 women to study behaviors, attitudes, motivating factors influencing participation in the shooting sports, and social and environmental factors creating opportunities and barriers to participation.

What the study found is that 72.7 percent of those surveyed had personally purchased at least one gun; 37.4 percent of them had purchased a gun in the previous 12 months. Of those who purchased within the past year, they spent an average of $870 on guns. More than half (58.1 percent) were purchased at local gun shops, while 42.6 percent of those purchases were made through mass retailers such as Walmart, Cabela’s, Bass Pro Shops and others.

The most common type of firearm owned by women is a semiautomatic pistol (56 percent), while half own at least one shotgun and 42 percent of them own a rifle.

The NSSF’s Firearms and Ammunition Industry Economic Impact Report: 2016, which provides a state-by-state breakdown of job numbers, wages and output covering direct, supplier and induced employment, and federal excise taxes paid, can be found here.

 

Source:  Baret News

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