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2024 U.S. Industry Statistics & Market Forecast - Small Arms, Ordnance, and Ordnance Accessories Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Small Arms, Ordnance, and Ordnance Accessories Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The Small Arms Manufacturing industry is faced with several key trends that are shaping its future growth and profitability.Firstly, the growing demand for small arms in emerging economies is driving the market. The increasing concerns over national security and the need to equip military and law enforcement agencies with modern small arms fuel demand for such products.
Secondly, technological advancements are revolutionizing the design and manufacturing processes in the industry. With the development of 3D printing and other advanced manufacturing techniques, manufacturers can produce highly efficient and accurate small arms that can meet the changing needs of customers. A shift towards digitization, automation, and robotics is also significantly streamlining the manufacturing process, leading to increased efficiency and productivity.
Thirdly, regulatory frameworks governing the sale and use of small arms have become stricter, especially in the wake of global terrorism, mass shootings, and other violent incidents. The industry is facing heightened demands for compliance with regional, national, and international laws and regulations.
Fourthly, major players in the industry are investing heavily in research and development to create new products with advanced capabilities, safety features, and ergonomic designs.
Finally, there is a growing consciousness about the impact of small arms on the environment, which is driving companies to adopt sustainable practices in manufacturing, including the use of environmentally friendly materials and production processes. Overall, these trends are shaping the future of the Small Arms Manufacturing industry, with companies focusing on innovation, compliance, and sustainability to remain competitive and profitable.
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Small Arms, Ordnance, and Ordnance Accessories Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Small Arms, Ordnance, and Ordnance Accessories Manufacturing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Small Arms, Ordnance, and Ordnance Accessories Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 6% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 3% | |||
| Office and Administrative Support Occupations | 9% | |||
| Production Occupations | 59% | |||
| Assemblers and Fabricators | 11% | |||
| Miscellaneous Assemblers and Fabricators | 8% | |||
| Metal Workers and Plastic Workers | 29% | |||
| Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic | 7% | |||
| Machinists | 8% | |||
| Machinists | 8% | |||
| Welding, Soldering, and Brazing Workers | 8% | |||
| Welders, Cutters, Solderers, and Brazers | 8% | |||
| Other Production Occupations | 14% | |||
| Computer Numerically Controlled Tool Operators and Programmers | 5% | |||
| Transportation and Material Moving Occupations | 6% | |||
Small Arms, Ordnance, and Ordnance Accessories Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Small Arms, Ordnance, and Ordnance Accessories Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Small Arms, Ordnance, and Ordnance Accessories Manufacturing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Small Arms, Ordnance, and Ordnance Accessories Manufacturing industry. |
Source:
Innovation News
- Apr 04, 2024: Axts patents Undercut Attachment Interface For Firearm Optic
- Apr 04, 2024: Axts patents Undercut Attachment Interface For Firearm Optic
- Apr 04, 2024: Axts patents Locating Fastener For Firearm Optic
- Jan 29, 2024: Evolved Gear trademarks "PWS" - firearms; firearm parts and accessories
- Jan 10, 2024: Cabot Gun trademarks "APOCALYPSE" - Firearms
- Dec 02, 2023: Noveske Rifleworks trademarks "PIG PEN" - Component parts for guns
Recent Federal Contracts for Small Arms, Ordnance, and Ordnance Accessories Manufacturing- Apr 02, 2024: QUANTICO TACTICAL INCORPORATED (Aberdeen, NC) awarded $17,292
- Apr 02, 2024: SIG SAUER, INC (Newington, NH) awarded $80,150
- Apr 01, 2024: GLOCK, INC. (Smyrna, GA) awarded $154,460
- Mar 29, 2024: MIG GOV, LLC (Virginia Beach, VA) awarded $21,932
- Mar 28, 2024: DRELLISHAK & DRELLISHAK INC (Berea, OH) awarded $14,573
- Mar 28, 2024: LIONHEART ALLIANCE, LLC (Virginia Beach, VA) awarded $8,076
- Apr 02, 2024: QUANTICO TACTICAL INCORPORATED (Aberdeen, NC) awarded $17,292
- Apr 02, 2024: SIG SAUER, INC (Newington, NH) awarded $80,150
- Apr 01, 2024: GLOCK, INC. (Smyrna, GA) awarded $154,460
- Mar 29, 2024: MIG GOV, LLC (Virginia Beach, VA) awarded $21,932
- Mar 28, 2024: DRELLISHAK & DRELLISHAK INC (Berea, OH) awarded $14,573
- Mar 28, 2024: LIONHEART ALLIANCE, LLC (Virginia Beach, VA) awarded $8,076
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