Industry Background:
A slingshot is also known as the catapult, is a normally small hand-powered projectile weapon. The classic form consists of a Y-shaped frame held in the offhand, with natural rubber strips attached to the uprights. The other ends of the strips lead back to a pocket that grasps the projectile. The dominant grasp the pocket and draws it back to the desired extent to offer power for the projectile up to a full span of the arm with sufficiently long bands. Based on the type, the market has been segmented into traditional and modern. Based on the application, the market has been segmented into hunting, sports, military use, and others.This growth is primarily driven by The Growing Popularity of Slingshots among the Children, The Rising Popularity of Hunting across the Globe, The Growing Popularity of Slingshots Tournaments Worldwide and The Rapid Demand of Hand-Powered Projectile Weapon from the Military Sector.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies in Study | A+ Slingshots (United States), Milbro Proshot (United Kingdom), Flippinout Slingshots (United States), Pocket Predator (United States), Slingshots Canada (Canada), Saunders Archery (United States), Barnett Outdoors, Inc. (United States), Crosman (United States), Marksman (United States) and Trumark (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident The Rising Popularity of Fishing Hunting. Major Vendors, such as A+ Slingshots (United States), Milbro Proshot (United Kingdom), Flippinout Slingshots (United States), Pocket Predator (United States), Slingshots Canada (Canada), Saunders Archery (United States), Barnett Outdoors, Inc. (United States), Crosman (United States), Marksman (United States) and Trumark (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2022, Slingshot Aerospace has inked a new USD 25.2 million contract with the U.S. Space Force. It is mainly associated for use two of the El Segundo-based startup’s flagship products that is a space simulator called Digital Space Twin and a virtual training platform known as Slingshot Laboratory. With this new association, company is able to offer more effective portfolio in the market.
In October 2021, SpinLaunch has completed their first slingshot test launch using its suborbital mass accelerator. Company is now setting their sights on NASA. Company has established partnership with NASA which further going to impact on the spin launching of small rockets and satellites in a more sustainable manner.
Market Drivers
- The Growing Popularity of Slingshots among the Children
- The Rising Popularity of Hunting across the Globe
- The Growing Popularity of Slingshots Tournaments Worldwide
- The Rapid Demand of Hand-Powered Projectile Weapon from the Military Sector
Market Trend
- The Rising Popularity of Fishing Hunting
Restraints
- The Stringent Legal Approval of Slingshots in Some Countries
Opportunities
Emerging Demand from Developing Countries and Technological Advancements in Slingshots Products
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Slingshot Study Sheds Light on
The Slingshot Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Slingshot industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Slingshot industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.