With the gun control debate raging in the United States, now is a fine time to take a closer look at the gun business.
After several tragedies over the last few years in the U.S., some are calling on the federal government to take action. However, the right to bear arms is a deeply engrained value in America, which is cause for some resistance to tougher gun laws. When you look at the gun business, some staggering numbers jump out.
For instance, civilians in the United States own approximately 250 million guns. This number far exceeds any other country on the planet. This means there are enough privately held guns to arm 90% of the American population. And almost half (45%) of households in the U.S. have a gun.
Firearm Focused Infographics
This Chart Takes a Detailed Look at the Gun Business
Trend Themes
1. Gun Control Debate - Opportunity for innovative solutions to address the ongoing debate around gun control.
2. Gun Ownership Statistics - Opportunity to provide data-driven insights and services to help individuals and organizations better understand the gun ownership landscape.
3. Gun Safety Technology - Opportunity to develop and market advanced gun safety technologies that can help prevent accidents and misuse of firearms.
Industry Implications
1. Firearm Manufacturing - Opportunity to innovate and develop new types of firearms that address the demands of the market while incorporating safety measures.
2. Data Analytics - Opportunity to provide data analytics services to organizations looking to better understand gun ownership demographics and trends.
3. Technology and Innovation - Opportunity to create and market innovative gun safety technologies, such as smart guns or biometric trigger locks.