ohio business license for firearm manufacturers

The reason for the rapid growth experienced in the industry between 20 is due to the fact that concerns about security and regulatory oversight have increased over the recent years. There are no gun shops in the United States of America with a dominant share in the industry however the gun shop business industry is valued at $3 billion. 60% of Americans who owned guns, according to Gallup, says it is for their own protection and personal safety.Īccording to IBIS World, the projected growth annually for the industry from the period of 2010 – 2015 is 8.9% from about 5,700 gun stores in the United States of America. Most gun owners owned an average of 5 guns, with a few owning more than 25 guns.Īccording to NORC, 31% of households in America had guns, with 29% of these households in the suburbs, 43.7% in urban areas and 55.9% in rural countries.

The number is however a huge increase from 1999, where only a little above 9 million background checks were initiated. The impact of the gun and ammunition industry on the economy has been estimated to be $42.9 billion.Īs at 2014, there were close to 21 million background checks initiated, which according to the Federal Bureau of Investigation (FBI), did not mean that all those who had a background check initiated purchased a gun. 4% of the manufactured guns were exported with the remaining percent remaining in the United States of America.Īccording to Pew Research Center, there are about 310 million guns in the United States, with close to 264,000 people employed in the industry. In the year 2013, there were about 4,441,726 pistols, 752,282 revolvers, 1,203,072 shotguns, 3,979,570 rifles and 495,142 miscellaneous firearms being manufactured in the United States of America. 5 billion, while those gun and ammunition shops pull in a revenue of $478.4 million. According to IBIS World, the gun and ammunition manufacturing industry has an annual revenue of.

The firearm industry is expected to grow exponentially especially as there is an increasing demand for firearms, apart from the demand from the military, for self-defense and for games shooting and hunting. While the firearm market is segmented on the types of guns manufactured, there is however basically two categories of guns long guns and hand guns. The United States of America is the largest producer and distributor of firearms and ammunitions globally.

Ohio business license for firearm manufacturers