Overview of the Market for Small Arms And Ordnance Accessories in the USA
In value terms, small arms and ordnance accessories production rose remarkably to $ in 2019. The total output value increased at an average annual rate of +% over the period from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when the production volume increased by % y-o-y. Over the period under review, production reached the peak level in 2019 and is expected to retain growth in the near future.
The size of the market for small arms, ordnance, and ordnance accessories in the U.S. declined to $ in 2019, shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by % against the previous year. Small arms and ordnance accessories consumption peaked at $ in 2018, and then declined in the following year.