The small arms industries are in great shape going into the second half of the year, especially with the months leading up to the election which fuels demand like no other.
Irvine, CA (Vocus) September 14, 2010
Supplier Relations US, a leading market research firm, publishes its latest Q3 2010 market research reports on the U.S. Small Arms and Small Arms ammunition industries. For the first half of 2010, the tandem industries have performed remarkably well relative to the overall manufacturing industry group despite a weak economy. Due to seasonal demand and upcoming election cycle, these two industries are poised to finish the year exceeding analyst expectations.
These latest market research publications present the latest information and analysis on several aspects of the industries. At the higher industry group level of fabricated metal products, complete data through July of 2010 reveals some slight weakness. Inventories have risen, but more telling was that after nearly all increased shipments for the first 6 months of 2010, the group's overall shipment values decreased 1.7% in July. Fortunately for the small arms and small arms ammunition industries, their performances way surpass the group. Supporting that has been the international trade data, updated through the entire first half of 2010 in the latest publications.
Originally forecast to grow by 10% in 2010 (by Supplier Relations US earlier this year), the firearms industry within the US has already exceeded that projection based on import and export numbers in the first half of 2010. In particular, imports have dropped 13.5% while exports have increased 28%. Since domestic consumption has increased, the industry's overall trade has benefited from this 14.5% differential in the first half of the year alone. And while the previously mentioned industry group has shown signs of slowing down during the summer months, firearm imports and exports in June revealed a sharp uptick, representing healthy economic activity for the small arms industry.
Similarly for the small arms ammunition industry, it also appears on track to exceed the 10% growth forecast made at the beginning of the year. The demand for gun ammunition comes from domestic and international markets. For the entire first half of 2010, exports exceeded imports every single month, even though over the same period last year, imports to supply domestic demand have increased 22%. In essence, the industry is thriving on healthy U.S. consumption.
Jacqueline Smith, one of the firm's lead analysts, summarizes: "The small arms industries are in great shape going into the second half of the year, especially with the months leading up to the election which fuels demand like no other." Adding to that strong sentiment, historic trade data supports that November as a peak month for small arms global trades regardless of political events. Smith mentions that "our research has led us to feeling very optimistic about the firearms industry and ammunition industry." Smith encourages clients and industry analysts to examine the latest data provided by the market research reports to make their own projections.
Key Topics Covered in Market Research Reports:
Industry Executive Summary
Relevant financial data including: Revenue, Cost of Materials, Labor Costs, Gross Profit, SG&A, Net Income
Industry Cost and Pricing Analysis
Small Arms and Small Arms Ammunition Industry International Trade Data
Upstream Industries, Downstream Industries
Competitive Landscape, Industry Concentration, Number of Companies, Market Share Ranges
For more information and quarterly updates on the Small Arms Manufacturing Industry and Small Arms Ammunition Manufacturing Industry in the U.S., please visit the respective industry report web-pages:
Small Arms Industry Report
Small Arms Ammunition Industry Report
About Supplier Relations US
Supplier Relations US LLC is an independent U.S. based market research publication firm founded in 2004. The company publishes more than 800 industry reports and company reports within the U.S. manufacturing sector that are commonly used for in-depth industry analysis and reference, benchmarking and forecasting. For more information and market analysis, please visit http://www.SupplierRelationsUS.com/