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The electronic table games (ETG) market is projected to grow by USD 1.00 billion with a CAGR of 7.42% during the forecast period 2021 to 2026.
The research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the market segmentation by end-user (casino, gaming parlors, and others) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The market report also offers information on several market vendors, including Interblock dd, International Game Technology plc, IPG International, Jackpot Digital Inc., PlayAGS Inc., Sand Hills Casino, Scientific Games LLC, Spintec d.o.o., Tableswin S.r.l, Tangiamo Touch Technology AB, Weike Gaming Technology, NOVOMATIC AG, and TCSJOHNHUXLEY among others.
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The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the electronic table games market.
Key ETG Market Driver
Increasing per capita income is one of the factors driving the electronic table games market's growth. The rising disposable income of the population, particularly in emerging economies such as India, is driving the demand for ETG. The rising disposable income of people has led to increased spending capacity for leisure activities, such as ETG. Until 2030, middle-class household expenditure is anticipated to increase by an average of 6.9% per year in real terms, above the 1.9% average annual real spending growth anticipated for households earning between $15,000 and $45,000. Thus, the increasing disposable income of the population globally will increase their spending on leisure and recreational activities such as ETG, which will drive the growth of the market in focus during the forecast period.
Key ETG Market Trend
Technological advancements in ETG are one of the key electronic table games market trends fueling the market growth. ETGs are a technological innovation added to conventional gaming tables, which gives players an interface for playing longer games with better and more objective payoffs. Hybrid games combine the ease and speed of electronic gaming with the use of traditional slot machines. As every player's action is carefully registered and calculated, and the payoff is examined utilizing player algorithms, the games are found to be highly accurate. The mechanization of the functions of the dealer has eliminated the attributes of human bias and judgment from the games. Thus, such technological advancements and accuracy will attract more players, which, in turn, will spur the growth of the market during the forecast period.
Key ETG Market Challenge
Issues of fraudulent chargebacks are one of the factors challenging the electronic table games market's growth. Chargebacks frequently occur in the digital world. They may take place, for instance, when customers use their credit card to make an online purchase and then mistakenly ask their bank to reverse the transaction after they have received their order. Chargebacks often occur, although not all of them are fraudulent. The online casino gaming industry is constantly vulnerable to such situations of fraudulent chargebacks. The increasing cases of fraudulent chargebacks are affecting the profitability of the gaming industry, including ETGs. Such factors will hamper the growth of the market during the forecast period.
This 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 2022-2026.
Technavio categorizes the global electronic table games market as a part of the global leisure products 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 market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the ETG market encompasses successful business strategies deployed by the key vendors. The ETG market is concentrated, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the 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 vendor profiles are designed to help clients improve their market position and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.
Our In-house experts produce extensive information on the value chain and parent market of the ETG market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also the optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
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41% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the market in North America. Market growth in this region will be slower than the growth of the market in APAC.
The cultural acceptance of casinos, which takes the shape of relaxed regulations that govern casinos and the gambling industry, will facilitate market growth in North America 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-19 Impact and Recovery Analysis
The ETG market in North America witnessed a slow growth in 2020 due to the outbreak of COVID-19. However, the easing of lockdown restrictions, the initiation of large-scale vaccination drives, and the reopening of casinos and gaming parlours stabilized the growth of the market in focus in the region. Moreover, the increasing popularity of online ETG among people across the region will boost the growth of the regional market during the forecast period.
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The market share growth in the casino segment will be significant during the forecast period. The casino segment was the largest segment in the global ETG market and will continue to remain the largest segment during the forecast period. There has been a significant increase in the number of electronic gaming devices deployed in casinos, including poker tables, slot machines, and casino tables. Thus, the increase in demand for luxurious gaming from players has resulted in an increase in the number of casinos built across the world in recent years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.
Electronic Table Games (ETG) Market Scope |
|
Report Coverage |
Details |
Page number |
121 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.42% |
Market growth 2022-2026 |
$1.00 billion |
Market structure |
Concentrated |
YoY growth (%) |
6.5 |
Regional analysis |
North America, Europe, APAC, South America, and the Middle East and Africa |
Performing market contribution |
North America at 41% |
Key consumer countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Interblock dd, International Game Technology plc, IPG International, Jackpot Digital Inc., PlayAGS Inc., Sand Hills Casino, Scientific Games LLC, Spintec d.o.o. , Tableswin S.r.l, Tangiamo Touch Technology AB, Weike Gaming Technology, NOVOMATIC AG, and TCSJOHNHUXLEY |
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, and Market condition analysis for the 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. |
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