Global Casino Gaming Equipment Market 2017-2021
Overview of the global casino gaming equipment market
The global casino gaming equipment market is anticipated to grow rapidly and post a CAGR of more than 15% during the forecast period. The liberal regulations introduced by several governments will drive the growth prospects for the global casino gaming equipment market in the coming years. Though gambling is banned and strict regulations have been imposed, it is one of the major sources of revenue for countries. Some of the major benefits of gambling are the generation of high revenue in the form of taxes, creation of job opportunities for people, use of revenue for societal welfare, and reduction of budgetary gaps. Also, one of the major factors responsible for the growing popularity of gambling among the users is the increasing accessibility of sports betting to a large part of the population. Furthermore, it is anticipated that a change in regulations in various countries such as the US offers huge opportunities for the gambling sector to grow during the forecast period.
The increasing adoption of virtual reality (VR) in the gambling market will drive the growth prospects for the global casino gaming equipment market in the coming years. Virtual reality (VR) is an emerging technology that has applications in various industries such as education, entertainment, gaming, and gambling. However, the penetration of VR technology is limited since very few gambling providers are adopting the technology. One of the major benefits of the increasing adoption of VR technology in the gambling industry is the growing opportunity for new players in the market.
Competitive landscape and key vendors
The global casino gaming equipment market is highly diversified and competitive due to the presence of a large number of regional and international vendors across the globe. Some of the challenges these vendors in the market face are intense competition, rapid advances in technology, and frequent changes in consumer preferences. Additionally, vendors are also increasingly focusing on attracting more customers and gaining larger market share by rebuilding and expanding existing facilities, acquiring new players in the market, and building new facilities.
Key vendors in this market are -
- Aristocrat Leisure
- Galaxy Entertainment
- Scientific Games
Other prominent vendors in the market include Amatic Industries, Ainsworth Game Technology, APEX Gaming Technology, Astro Gaming, Everi Holdings, Gaming Partners International, Interblock, Konami Gaming, and Universal Entertainment.
Segmentation by product and analysis of the casino gaming equipment market
- Casino tables
- Slot machines
- Gaming chips
- Video poker machines
The casino tables segment accounts for the maximum market share in 2016 and will continue to dominate the market for the next few years. The growth of the casino business in countries such as the US and China is likely to drive the demand for casino gaming equipment during the forecast period.
Segmentation by geography and analysis of the casino gaming equipment market
- North America
In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market during the next few years as well. Since gambling is becoming a popular entertainment activity for tourists, the casino gaming equipment market in APAC is increasing with the growth in the tourism industry.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global casino gaming equipment market?
- What are the key market trends impacting the growth of the global casino gaming equipment market?
- What are the challenges to market growth?
- Who are the key vendors in the global casino gaming equipment market?
- What are the market opportunities and threats faced by the vendors in the global casino gaming equipment market?
- What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
- What are the key outcomes of the five forces analysis of the global casino gaming equipment market?
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