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The Small Arms Industry ( 3484 )

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Industry Overview The Small Arms Industry (3484) is a subgroup of the Fabricated Metal Products Industry. The Small Arms Industry primarily engages in manufacturing small firearms (pistols, revolvers, rifles, shotguns and submachine guns) having a bore 30 mm or less, and also the parts for small firearms. Historically the small arms industry has been cyclical and subject to many pressures, including the general state of the economy, worldwide military conflicts, and political opinions concerning private ownership of firearms. For example, gun sales rose in the days following the terrorist attacks of September 11, 2001 and also rose in the days following the recent terrorist attacks by ISIS all over the world. The border conflicts, war like situations and the threats caused by rising terrorism are expected to boost the small arms market for armed forces, across the world. With the use of small arms for self-defense, sport shooting, hunting, climate & pollution monitoring, border security operations, and military, the demand for small arms is expected to drive this market. The small arms industry has seen a tremendous increase in revenue of 7% per year. According to the US Census Bureau, in 2002 the small arms industry had a revenue of $1.12 billion and increased to $3.67 billion in 2012. Which once again this spike in revenue can be attributed to the threat of terrorist and also the perceived threat of the government attempt to reduce and possibly eliminate the right to bear

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