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The casino gaming equipment market size is forecast to increase by USD 13.44 billion at a CAGR of 5.05% between 2023 and 2028. The market is experiencing significant growth, driven by increasing company involvement in the industry and the advent of innovative display solutions. These advancements are enhancing the gaming experience for customers, leading to increased revenue for casino operators. However, the market faces challenges due to restrictions on gambling in many countries, which limit the potential customer base. Regulations and compliance requirements also add to the costs for manufacturers and operators, impacting profitability. Despite these challenges, the market is expected to continue growing as technology continues to revolutionize the gaming industry.
Casinos and gaming establishments worldwide have seen an increase in popularity, fueled by the legalization of gambling activities in various nations. This trend has led to an increased demand for high-quality gaming equipment, including state-of-the-art gaming machines and traditional casino tables. Gaming equipment suppliers have responded by offering innovative solutions, such as digital payment alternatives and digital currencies, to cater to evolving consumer preferences. Consumer spending on casino gaming equipment is expected to grow, driven by the expansion of casinos in shopping malls and entertainment venues. Regulations regarding casino gambling policies vary across nations, leading to a diverse market landscape.
Gaming accessories, such as chips and cards, also form a significant part of the market. The market encompasses a wide range of products, including gaming machines and tables for various games like poker, roulette, and slot machines. The integration of technology in gaming equipment, such as augmented reality and virtual reality, is expected to further enhance the gaming experience. Gambling addiction remains a concern, and efforts are being made to develop responsible gaming initiatives.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The casinos segment is estimated to witness significant growth during the forecast period. Casinos and gaming establishments worldwide are witnessing significant growth due to the legalization of gambling activities in various regions. The global gambling industry is investing heavily in high-quality gaming equipment to provide state-of-the-art gaming machines and tables to attract customers. Advanced technologies such as virtual reality (VR) and augmented reality (AR) are being integrated into gaming equipment to offer enriching gaming experiences. Emerging economies are also investing in the casino industry, leading to a high initial investment in gaming equipment. Stringent regulations governing the operation of casinos necessitate the use of advanced technologies and electronic gaming machines, tables, and virtual slot machines.
The global market for casino gaming equipment includes land-based casinos, slot machines, video poker machines, electronic gaming machines, and electronic gaming tables. Virtual reality gaming, live dealer tables, and mobile gaming are emerging trends in the market. Smartphones and mobile gaming apps are transforming the casino industry, with cryptocurrencies and skill-based gaming adding to the diversity. Collaborations and acquisitions among key players are shaping the market, with touch screens, interactive interfaces, multiplayer capabilities, and after-sales services becoming essential features. Online casinos are also gaining popularity, offering convenience and accessibility to customers. Shopping malls are increasingly hosting casinos to attract footfall and revenue.
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The casinos segment accounted for USD 23.74 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 31% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market is witnessing significant growth due to the increasing popularity of gambling in entertainment venues across various nations. Regulations governing the gambling industry continue to evolve, leading to an influx of gaming accessories such as traditional casino tables, electronic gaming systems, and consumer spending on games per hour. Operator costs are a key consideration, with technological evolution driving cost reduction through innovations like casino interiors, stepper slot cabinets, virtual player cards, cardless player tracking, video lottery terminals, and digital gaming. Consumer behavior is shifting towards digital platforms, with the middle-class population and urbanization driving demand for online casino operators.
Technological advancements, including virtual currencies and gambling addiction prevention measures, are also shaping the market landscape.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing company involvement in market is the key driver of the market. The global market is experiencing significant growth due to the increasing number of casinos and gaming establishments worldwide. companies in this market are supplying high-quality gaming equipment, including state-of-the-art gaming machines and tables, to facilitate various gambling activities. In response to the evolving trends in the global gambling industry, companies are introducing advanced technologies such as virtual reality (VR) and augmented reality (AR) to provide enriching gaming experiences. The legalization of casinos in emerging economies is creating new opportunities for market growth. However, stringent regulations and high initial investment requirements pose challenges for companies. To overcome these challenges, companies are collaborating and acquiring other companies to expand their product offerings.
Advanced technologies such as touch screens, interactive interfaces, multiplayer capabilities, and after-sales services are becoming essential features in casino gaming equipment. The rise of online casinos and mobile gaming apps has also led to an increased demand for virtual slot machines, live dealer tables, and mobile gaming solutions. Moreover, the integration of cryptocurrencies and skill-based gaming, such as poker, is gaining popularity among players. Gaming machines, including slot machines, video poker machines, electronic gaming machines, and electronic gaming tables, continue to dominate the market. Land-based casinos remain a significant revenue source, but the shift towards virtual and mobile gaming is unavoidable.
In recent news, International Game Technology introduced compelling core video and Class II games for tribal casinos at the Indian Gaming Tradeshow & Convention 2024, while Apex Pro Gaming introduced new slot machines at Grand Casino in Slovenia. These product launches demonstrate the competitive nature of the market and the companies' commitment to innovation.
Advent of innovative display solutions is the upcoming trend in the market. In the global gambling industry, casinos and gaming establishments continue to invest in high-quality gaming equipment to enhance the experience of their patrons. State-of-the-art gaming machines, such as slot machines, video poker machines, and electronic gaming machines, are increasingly popular due to their user-friendly features and advanced technologies. These machines are now equipped with larger, more visually appealing displays, including touch screens and interactive interfaces, offering an enriching gaming experience. Moreover, the legalization of casinos in emerging economies has led to a increase in demand for gaming equipment. Companies are responding by launching innovative products, such as Everi's Empire Flex video platform with a 49-inch flexed display and 4K content, and NOVOMATIC's NOVOVISION casino management solution software.
Advanced technologies like virtual reality (VR) and augmented reality (AR) are also being explored to provide a more engaging gaming experience. The operation of casinos requires a high initial investment, and the cost of purchasing and maintaining gaming equipment is a significant expense. However, the potential for collaborations and acquisitions between gaming equipment manufacturers and casinos can help offset these costs. Additionally, the rise of online casinos, mobile gaming apps, and shopping mall-based gaming zones is expanding the market for gaming equipment. In conclusion, the market is witnessing significant growth due to the increasing popularity of electronic gaming machines, legalization of casinos in emerging economies, and the integration of advanced technologies like VR, AR, and mobile gaming.
Manufacturers are responding by launching innovative products and solutions to cater to the evolving needs of the global gambling industry.
Restrictions on gambling in many countries is a key challenge affecting the market growth. In the global gambling industry, casinos and gaming establishments are key players in offering high-quality gaming equipment for various gambling activities. State-of-the-art gaming machines, including slot machines, video poker machines, and electronic gaming machines, are essential components of land-based casinos. Gaming tables, such as poker tables and electronic gaming tables, are also crucial for providing an authentic casino experience. The emergence of advanced technologies like virtual reality (VR) and augmented reality (AR) is revolutionizing the casino gaming industry, offering enriching gaming experiences. Mobile gaming, cryptocurrencies, skill-based gaming, and multiplayer capabilities are some other trends shaping the market. However, the operation of casinos comes with high initial investments and stringent regulations.
In some countries, such as Saudi Arabia, Indonesia, and Iran, gambling activities are entirely banned or restricted. The legalization of casinos varies greatly from country to country, with some having complex federal laws and others relying on state regulations. Collaborations and acquisitions among gaming equipment manufacturers and casino operators are common strategies for staying competitive in the market. Touch screens, interactive interfaces, live dealer tables, and virtual slot machines are some of the features that gaming equipment providers focus on to enhance the overall gaming experience. After-sales services, online casinos, mobile gaming apps, and shopping malls are other areas of growth for the market.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Abbiati Casino Equipment S.r.l. - The company specializes in providing casino gaming equipment, specifically catering to the sports sector. The company offerings encompass a wide range of products designed to enhance the gaming experience for patrons in casinos.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is a significant segment of the global gambling industry, catering to the needs of casinos and gaming establishments for high-quality gaming equipment. The market encompasses state-of-the-art gaming machines, including slot machines, video poker machines, electronic gaming machines, and virtual slot machines, as well as gaming tables for poker, blackjack, and roulette. The legalization of casinos in emerging economies has fueled the growth of this market, with casinos in these regions investing heavily in advanced technologies such as virtual reality (VR) and augmented reality (AR) to offer enriching gaming experiences. The operation of casinos requires a high initial investment, making the demand for reliable and efficient gaming equipment essential.
Stringent regulations governing the casino industry necessitate the use of advanced technologies to ensure fair play and security. The market is witnessing collaborations and acquisitions to incorporate features like touch screens, interactive interfaces, multiplayer capabilities, and after-sales services. Mobile gaming, cryptocurrencies, and online casinos are emerging trends, with smartphones becoming a popular platform for casino gaming. The market is expected to continue its growth trajectory, driven by the increasing popularity of skill-based gaming and the integration of VR, AR, and live dealer tables into gaming equipment.
Market Scope |
|
Report Coverage |
Details |
Page number |
178 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.05% |
Market growth 2024-2028 |
USD 13.44 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.74 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 31% |
Key countries |
US, China, UK, Germany, and Canada |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Abbiati Casino Equipment S.r.l., ADP GAUSELMANN GMBH, Ainsworth Game Technology Ltd., ALFASTREET, AMATIC Industries GmbH, APEX pro gaming s.r.o, Aristocrat Leisure Ltd., Eclipse Gaming Systems, Everi Holdings Inc., Incredible Technologies Inc., Interblock dd, International Game Technology plc, Jackpot Digital Inc., Konami Group Corp., NOVOMATIC AG, PlayAGS Inc., Rye Park LLC, Scientific Games LLC, TCSJOHNHUXLEY, and Universal Entertainment Corp. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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