Global Casino Gaming Equipment Market
Casino Gaming Equipment Market - Global Outlook and Forecast 2019-2024
The casino gaming equipment market is expected to reach more than $9 billion by 2024, growing at an impressive CAGR of around 6% during 2018–2024.
The growing demand for mass-market gaming equipment, the increasing number of live casinos, the high adoption of AR and VR in gambling, and increasing innovations in slot machines are some of the upcoming trends and opportunities that are contributing in the growth of casino gaming equipment market.
The demand for electronic gaming tables (EGT) has increased due to improved customer experience, immense popularity among millennials, and high-level of enjoyable gameplay. EGTs have witnessed increased adoption in the global casino gaming equipment market. The APAC region is emerging as a dynamic market, and global players are looking forward to boosting their distribution channels in the region. With the growing demand for EGTs in casinos in the US, the market for EGTs is expected to grow during the forecast period. Thus, the augmented penetration of technology in the casino gaming equipment market is expected to increase the sale of electronic gaming tables in the coming years, and vendors are adopting innovative strategies to gain maximum market share.
The unprecedented growth of online gambling activities such as online casinos gaming and online betting has propelled the industry players to adopt new technologies to survive the competition. Thus, augmented reality and virtual reality have widely making inboards in the casino gaming equipment market.
The study considers the present scenario of the casino gaming equipment market and its market dynamics for the period 2018−2024. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. The study profiles and examines leading companies and other prominent companies operating in the casino gaming equipment market.
The research report on the casino gaming equipment market covers sizing and forecast, market share, industry trends, growth drivers, and vendor analysis. The market study includes insights on market segmentation by demand type (new/expansionary and replacement), products (slot machine, gaming tablets, VLTs, video poker machines, gaming chips, and others), class type (class II machines, class III, and others), lottery machines (installed inside casinos and installed outside casinos), and geography (APAC, Europe, Latin America, MEA, and North America).
Casino Gaming Equipment Market: Segmentation
The market research report includes a detailed segmentation of the market by demand, products, class type, lottery machines, and geography. Casino gaming equipment vendors majorly earn revenue from the sale of casino gaming equipment via two sources–new or expansionary demand and replacement demand. The new/expansionary segment grew at an impressive CAGR in 2018, while the replacement segment is expected to grow moderately during the forecast period. In 2018, the replacement sales registered the highest revenue in North America, followed by APAC. The introduction of upgrades and innovations and the substitution of old legacy systems with innovative solutions with advanced features are majorly driving the replacement segment.
Casino slot machines were the largest revenue generating segment of the casino gaming equipment market in 2018. Slot machines have evolved considerably, and the segment is witnessing increasing automation. North America is expected to continue its dominance during the forecast period. Also, the APAC region is likely to remain another significant revenue contributor to the market by 2024.
The US and Canada are well-established markets for lottery systems, and they contribute a high revenue toward the gambling market. Lottery inside casinos and outside casinos are the two major lottery machines in the casino gaming equipment market. The inside casino lottery machines segment captured around three-fourths of the market, with North America dominating the market both in revenue and unit shipment in 2018. However, the segment is expected to decrease its influence due to the penetration of video lottery terminals (VLTs) in casinos.
Market Segmentation by Demand Type
- New/expansionary
- Replacement
Casino Gaming Equipment Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South. The Global Casino Gaming Equipment market 2020 research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. Casino Gaming Equipment Market - Global Outlook and Forecast 2019-2024 The casino gaming equipment market is expected to reach more than $9 billion by 2024, growing at an impressive CAGR of around 6% during 2018–2024. The global casino gaming equipment market is segmented based on type, application, and region. On the basis of type, the global market has been segmented into gaming chips, slot machines, casino tables, video poker machines, and other. The global casino gaming equipment market is highly concentrated with the presence of many local and international players in the market. The competition among these key players is intense especially in the US, Macau, and European countries.
Market Segmentation by Products
- Slot machine
- Gaming tables
- VLTs
- Video Poker Machines
- Gaming Chips
- Others
Global Casino Gaming Equipment Markets
Market Segmentation by Class Type- Class II machines
- Class III
- Others
- Installed inside casinos
- Installed outside casinos
In 2018, North America constituted a dominant share of the global casino gaming equipment market with factors such as high spending power of baby boomers and Gen X, the increased adoption of smartphones, inclination toward new technology, and high urbanization driving the growth of the global gambling market. Further, in the APAC region, emerging countries such as India are witnessing traction for gambling activities such as sports betting and poker games. Technological advancements and the increased per capita disposable income are expected to drive the Europe market.
Market Segmentation by Geography
- APAC
- Mainland China
- China SAR Macau
- China SAR Hong Kong
- Singapore
- Japan
- Europe
- Italy
- UK
- Germany
- France
- Nordic Region
- Latin America
- Argentina
- Mexico
- Brazil
- MEA
- South Africa
- North America
- US
- Canada
The global casino gaming equipment market is highly concentrated with the presence of many local and international players in the market. The competition among these key players is intense especially in the US, Macau, and European countries. Further, the gaming equipment market is showing tremendous growth owing to positive government regulations in many countries. The competition will be based on offerings, premises, slot machine types, and gaming type. Vendors are adopting new business models and focusing on developing the portfolio of their establishments to drive growth.Key Vendors
- Ainsworth
- Aristocrat
- Everi
- IGT
- Incredible Technologies
- Konami Holdings
- PlayAGS
- Scientific Games
- Abbiati Casino Equipment
- Alfastreet
- APEX Gaming
- Aruze Gaming America
- Bingotimes Digital Technology
- BONO Gaming System
- Cammegh
- Casino Technology
- Cole Kepro International
- Eclipse Gaming
- Euro Games Technology
- DLV
- FBM
- GameCo
- Gaming Partner International
- Grand Vision Gaming
- GTI (GiochiTecnologiciItaliani)
- Inspired Entertainment
- Interblock
- Jackpot Digital
- Magic Dreams
- Merkur Gaming
- Matsui Gaming Machine
- Novomatic Group
- Oritiz Gaming
- Rye Park Gaming
- Sega Sammy Creation
- TABLESWIN
- Taiwei Group
- TCSJOHNHUXLEY
- Zitro Games
- Offers market sizing and growth prospects of the casino gaming equipment market for the forecast period 2019–2024.
- Provides comprehensive insights on the latest industry trends, market forecast, and growth drivers in the casino gaming equipment market.
- Includes a detailed analysis of market growth drivers, challenges, and investment opportunities.
- Delivers a complete overview of market segments and the regional outlook of the casino gaming equipment market.
- Offers an exhaustive summary of the vendor landscape, competitive analysis, and key market strategies to gain a competitive advantage in the casino gaming equipment market.
Dublin, Sept. 07, 2020 (GLOBE NEWSWIRE) -- The 'Casino Gaming Equipment - Global Market Trajectory & Analytics' report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 4th edition of this report. The 193-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Casino Gaming Equipment Market to Reach $173.1 Billion by 2027
Amid the COVID-19 crisis, the global market for Casino Gaming Equipment estimated at US$70.1 Billion in the year 2020, is projected to reach a revised size of US$173.1 Billion by 2027, growing at a CAGR of 13.8% over the analysis period 2020-2027.
Casino Tables, one of the segments analyzed in the report, is projected to record a 14.4% CAGR and reach US$56.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Slot Machines segment is readjusted to a revised 12.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $18.9 Billion, While China is Forecast to Grow at 18% CAGR
The Casino Gaming Equipment market in the U. S. is estimated at US$18.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$39 Billion by the year 2027 trailing a CAGR of 18% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.7% and 12.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.8% CAGR.
Gaming Chips Segment to Record 13.4% CAGR
In the global Gaming Chips segment, USA, Canada, Japan, China and Europe will drive the 12.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.2 Billion in the year 2020 will reach a projected size of US$12 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$26 Billion by the year 2027, while Latin America will expand at a 15% CAGR through the analysis period.
Competitors identified in this market include, among others:
- Aristocrat Leisure Ltd.
- Everi Holdings Inc.
- Gaming Partners International Corporation
- International Game Technology PLC
- Konami Holdings Corporation
- Novomatic AG
- Scientific Games Corp.
- TCS John Huxley Europe Ltd.
- William Hill PLC
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Casino Gaming Equipment Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
Global Casino Gaming Equipment Marketplace
- Total Companies Profiled: 46
For more information about this report visit https://www.researchandmarkets.com/r/w4tmy0
Global Casino Gaming Equipment Marketing
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