U.S. Firearm Production and Sales Fluctuate Amid Growing Interest
Firearm production and sales in the U.S. have seen significant fluctuations in recent years. Multiple Sale Reports (MSRs) peaked in 2021 but have since decreased. Meanwhile, the number of firearms manufactured and the number of NFA applications have both surged.
From 2016 to 2023, Federal Firearms Licensees (FFLs) reported a total of 4,380,986 multiple sale transactions involving 10,151,417 firearms. Notably, in 2021, the total number of firearms domestically manufactured increased to 15,120,931 due to the COVID pandemic and widespread violence. However, this number decreased in 2022 and 2023, with 12,938,218 and 9,970,792 firearms manufactured respectively.
The annual number of NFA applications received by ATF increased nearly 107% between 2016 and 2023, with an additional 1,160,229 received by November 19, 2024. This indicates a growing interest in firearms among enthusiasts, with 75 percent of those buying more than one gun being 35 years old or older, and more than 80 percent being men.
Despite fluctuations in production and sales, the U.S. firearms market remains robust. As of 2023, there is no official information on the largest manufacturer of firearms in the U.S. based solely on production numbers. However, by total revenue, Lockheed Martin was the largest U.S. defense company, although it does not primarily manufacture small firearms. The market continues to evolve, with a significant increase in NFA applications and a diverse demographic of enthusiasts driving demand.
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