0

Casino Gaming Equipment Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR41344
Technavio

The 2022-2026 version of this report is just being published. Buy it now and get up to $1000 worth of free customization!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The casino gaming equipment market share is expected to increase by USD 43.3 billion from 2019 to 2024, and the market’s growth momentum will accelerate at a CAGR of 9.93%.

This casino gaming equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers casino gaming equipment market segmentations by type (casino tables, slot machines, gaming chips, video poker machines, and others) and geographic (North America, APAC, Europe, and South America). The casino gaming equipment market report also offers information on several market vendors, including Ainsworth Game Technology Ltd., AMATIC Industries GmbH, APEX pro gaming a s, Aristocrat Leisure Ltd., Eclipse Gaming Systems LLC, International Game Technology PLC, Konami Holdings Corp., Novomatic AG, Scientific Games Corp., and Universal Entertainment Corp. among others.

What will the Casino Gaming Equipment Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Casino Gaming Equipment Market Size for the Forecast Period and Other Important Statistics

 

Casino Gaming Equipment Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growing vendor involvement in market is notably driving the casino gaming equipment market growth, although factors such as restrictions on gambling in many countries may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the casino gaming equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Casino Gaming Equipment Market Driver

One of the key factors driving the casino gaming equipment market growth is the growing vendor involvement in market. A rise in the number of casinos is providing ample opportunities for the vendors in the market, and they are delivering casino-related products and solutions to facilitate casino gambling. For instance, in October 2019, International Game Technology launched two slot games, namely The Price is Right and Adam Levine, at G2E Las Vegas, in the US. Vendors operating in the global casino gaming equipment market are increasingly focusing on expanding their product portfolio with new product launches, which increases the sales of casino gaming equipment, as well as the market shares of vendors. The vendors in the market are trying to attract more customers by introducing new variants of casino gaming equipment with improved features. Hence, the introduction of new models helps in increasing sales, which would positively influence the growth of the global casino gaming equipment market during the forecast period.

Key Casino Gaming Equipment Market Trend

Advent of innovative display solutions is the major trend influencing the casino gaming equipment market growth. Electronic gaming machines are gaining traction in modern casinos as they are user-friendly and can be easily upgraded. The casino gaming equipment, such as slot machines, currently offered in the market feature signage that is taller, wider, larger, more uniquely shaped, and of higher resolution than the ones previously offered. For instance, in October 2019, Everi launched its Empire Flex video platform with a 49-inch flexed display on top of the company s popular Empire MPX base. It features 4K content, industry-unique flexible integrated light bars, and a large, enhanced glass button deck. Similarly, in October 2019, NOVOMATIC launched Samurai Beauty, a large-scale slot machine featuring V.I.P. Lounge Curve 1.43 cabinets propped against a double-sided 4x3 LED screen video wall that features game-specific, choreographed content for a high-visibility game presentation.

Key Casino Gaming Equipment Market Challenge

Restrictions on gambling in many countries is one of the key challenges hindering the casino gaming equipment market growth. In countries such as Saudi Arabia, Indonesia, and Iran, any form of gambling is considered illegal, including games such as slots, poker, betting, and bingo. They have very harsh punishments for illegal gambling. For instance, in the US, federal laws are complex and difficult to be interpreted, whereas individual states have their own laws as well. In some states, gambling is 100% legal and available to anyone inside state lines. In others, the authorities are still trying to legitimatize gambling. For instance, all formats of gambling are considered illegal in Indonesia. A ban on gambling activities results in a significant loss of revenue generation opportunities for gambling operators and platform providers, such as casino gaming equipment providers. This results in a failure in capturing the total market potential in countries where gambling is banned.

This casino gaming equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes the global casino gaming equipment market as a part of the global casinos and gaming market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the casino gaming equipment market during the forecast period.

Who are the Major Casino Gaming Equipment Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Ainsworth Game Technology Ltd.
  • AMATIC Industries GmbH
  • APEX pro gaming a s
  • Aristocrat Leisure Ltd.
  • Eclipse Gaming Systems LLC
  • International Game Technology PLC
  • Konami Holdings Corp.
  • Novomatic AG
  • Scientific Games Corp.
  • Universal Entertainment Corp.

 

This statistical study of the casino gaming equipment market encompasses successful business strategies deployed by the key vendors. The casino gaming equipment market is concentrated and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

Product Insights and News

  • Ainsworth Game Technology Ltd. - This company offers design, development production, sale and servicing of gaming machines and other related equipment.
  • Ainsworth Game Technology Ltd. - In May 2021, Ainsworth and GAN announced an exclusive US online partnership.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The casino gaming equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Casino Gaming Equipment Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the casino gaming equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Casino Gaming Equipment Market?

For more insights on the market share of various regions Request for a FREE sample now!

37% of the market’s growth will originate from APAC during the forecast period. China is the key market for casino gaming equipment in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Owing to the increasing number of casinos and the growing sports betting will facilitate the casino gaming equipment market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

COVID-19 severely impacted the gaming industry in APAC, mainly due to a drop in casino visits by more than 80% during the second and third quarters of 2020. Casino visits were mainly impacted as governments in the region asked to close venues and restrict travel. The shutdown of casinos in Singapore, Australia, Thailand, Vietnam, Cambodia, and the Philippines impacted the revenue of the casino gaming equipment market in the region. Furthermore, the disruption in international trade caused an interruption in global supply from Chinese manufacturers, which decreased the sales of casino gaming equipment in APAC in 2020. However, the lifting of lockdowns and the reopening of international trade are likely to drive the growth of the market after 2021.

What are the Revenue-generating Type Segments in the Casino Gaming Equipment Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The casino gaming equipment market share growth by the casino tables will be significant during the forecast period. The market is experiencing steady growth because of the rise in demand for casino tables globally, especially in the US and China. In addition, the growth of the gambling sector in Macau is driven by the increased demand for casino table games. 

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the casino gaming equipment market size and actionable market insights on post COVID-19 impact on each segment.

 

Casino Gaming Equipment Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 9.93%

Market growth 2020-2024

$ 43.3 billion

Market structure

Concentrated

YoY growth (%)

9.70

Regional analysis

North America, APAC, Europe, and South America

Performing market contribution

APAC at 37%

Key consumer countries

US, China, Germany, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Ainsworth Game Technology Ltd., AMATIC Industries GmbH, APEX pro gaming a s, Aristocrat Leisure Ltd., Eclipse Gaming Systems LLC, International Game Technology PLC, Konami Holdings Corp., Novomatic AG, Scientific Games Corp., and Universal Entertainment Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Casino Gaming Equipment Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive casino gaming equipment market growth during the next five years
  • Precise estimation of the casino gaming equipment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the casino gaming equipment industry across North America, APAC, Europe, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of casino gaming equipment market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Casino tables - Market size and forecast 2020-2025
    • Slot machines - Market size and forecast 2020-2025
    • Gaming chips - Market size and forecast 2020-2025
    • Video poker machines - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Ainsworth Game Technology Ltd.
      • AMATIC Industries GmbH
      • APEX pro gaming AS
      • Aristocrat Leisure Ltd.
      • Eclipse Gaming Systems LLC
      • International Game Technology plc
      • KONAMI HOLDINGS CORP.
      • NOVOMATIC AG
      • Scientific Games Corp.
      • Universal Entertainment Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The casino gaming equipment market market growth will increase by $$ 43.3 bn during 2021-2024.
      The casino gaming equipment market market is expected to grow at a CAGR of 9.93% during 2021-2024.
      Technavio has segmented the casino gaming equipment market market by type (Casino tables, Slot machines, Gaming chips, Video poker machines, and Others) and geographic (North America, APAC, Europe, South America, MEA, North America, APAC, Europe, and South America).
      Ainsworth Game Technology Ltd., AMATIC Industries GmbH, APEX pro gaming a s, Aristocrat Leisure Ltd., Eclipse Gaming Systems LLC, International Game Technology PLC, Konami Holdings Corp., Novomatic AG, Scientific Games Corp., Universal Entertainment Corp. are a few of the key vendors in the casino gaming equipment market market.
      APAC will register the highest growth rate of 37% among the other regions. Therefore, the casino gaming equipment market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the casino gaming equipment market market growth are:
      • Growing vendor involvement in market
      • Advent of innovative display solutions
      The casino gaming equipment market market vendors should focus on grabbing business opportunities from the casino tables segment as it accounted for the largest market share in the base year.
      Safe and Secure SSL Encrypted
      Technavio

      Single User:

      2500 USD

      Technavio Get the report (PDF) sent to your email within minutes.

      Subscribe & Save

      Get lifetime access to our
      Technavio Insights

      Want to customize this report?

      This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

      We offer $1000 worth of FREE customization at the time of purchase
      Technavio
      Enquire Before Buying
      1. Home
      2. Consumer Discretionary
      3. Published Report
      17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>