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The Global Casino Gaming Equipment Market size is estimated to grow USD 14.27 billion at a CAGR of 5.55% between 2022 and 2027. The favorable regulatory policies are a key factor driving the market growth. Governments have recently relaxed gambling regulations, using the generated revenue to boost their economies. The gambling industry is a vital contributor to many countries' GDP, such as Italy, where it constituted 1.06% in 2019. Government laws set the theoretical payout percentage for slot machines, ensuring a minimum of 85%. Changes require approval from the Gambling Commission, which conducts quarterly reviews. To legalize gambling equipment, countries implement rules. The liberalization of gambling laws leads to increased tax revenues, new jobs, and contributions to social welfare activities.
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The market is experiencing significant growth, driven by increasing consumer spending and technological innovations in the industry. Traditional casino tables and gaming machines are being complemented by digital payment alternatives and the integration of digital currencies, reflecting evolving consumer preferences. Despite challenges such as gambling addiction and trade regulations, the market is witnessing a surge in demand for casino gaming equipment, fueled by the expanding reach of casino gambling policies and the proliferation of online gaming websites.
Our report offers in-depth analysis of market drivers, trends, opportunities, challenges, and restraints, with segmentation by End-user (casinos, malls, and others), Type (casino tables, slot machines, gaming chips, video poker machines, and others), and Geography (North America, APAC, Europe, South America, and Middle East and Africa). The report also includes a thorough analysis of historical market data from 2017 to 2021. With a focus on providing state-of-the-art gaming machines and tables, these establishments aim to attract and retain patrons in a competitive market. The global gambling industry's expansion, coupled with the legalization of casinos in various regions, further fuels the demand. Factors such as disposable income and the proliferation of entertainment venues, including shopping malls, contribute to the growth of the market. However, compliance with gambling regulations imposed by nations remains paramount for both operators and equipment manufacturers. Overall, casinos and gaming establishments serve as the primary end-users of casino gaming equipment, driving market growth through innovation and compliance with regulatory standards.
The market share growth by the casinos segment will be significant during the forecast period. A casino is a location where certain types of gambling are permitted. Casinos are establishments that allow certain types of gambling, and they are often located near hotels, resorts, restaurants, retail shops, cruise ships, and other tourist attractions.
Market
By End-User
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The casinos segment showed a gradual increase in market share with USD 23.31 million in 2017 and continued to grow by 2021. Live entertainment, such as stand-up comedy, concerts, and sports, is also available in some casinos. Casino games, including the popular slot machines, require casino gaming equipment. Slot machines account for about 70% of an average casino's income in the US and are highly preferred by customers. The increasing adoption of is the primary reason for the growth of this segment, driven by global demand. Our report offers a brief analysis of historical and forecasted market share and their segments, along with the reasons for growth from 2017 to 2027.
North America is estimated to contribute 34% 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.
Market
By North America
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The market in the region is driven by the US, which accounts for almost 90% of the demand for in North America. The market in North America is witnessing significant growth owing to the increasing demand for gambling. In North America; gambling is legal in the US states of Nevada and Louisiana and in 28 states of Mexico. comprises a significant share of the gambling industry in the US due to the preference for land-based casinos. Hence, stakeholders in the US are expanding their services through strategic partnerships and alliances, as well as increasing their investments in new products and application platforms.
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
Gauselmann - The company offers casino gaming equipment under its subsidiaries edict egaming GmbH and Blueprint Gaming Ltd.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, 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 thrives amidst the bustling landscape of casinos and gaming establishments worldwide. Fuelled by the growing popularity of gambling activities and the legalization of casinos across nations, demand for high-quality gaming equipment is soaring. State-of-the-art gaming machines and traditional casino tables remain pivotal drivers in this dynamic market, catering to the entertainment needs of consumers with disposable income. Technological innovations continue to reshape the industry, with digital payment alternatives and gaming accessories gaining prominence. Despite regulatory challenges and concerns over gambling addiction, the market's resilience underscores its integral role in the global gambling industry's evolution.
The growing vendor involvement in the casino gambling market is notably driving the casino gaming equipment market growth. A rise in the number of casinos is providing ample opportunities for the Companies in the market, and they are delivering casino-related products and solutions to facilitate casino gambling. Companies operating in the global market are increasingly focusing on expanding their product portfolios with new product launches, which increases the sales of the equipment as well as the market shares of vendors.
The Companies 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 will positively influence the growth of the global casino gaming equipment market during the forecast period.
The growth of the casino gaming equipment market is being fueled by the emergence of innovative display solutions as a key trend. Electronic gaming machines are becoming increasingly popular in modern casinos due to their user-friendly nature and ease of upgradability. The current market offerings for casino gaming equipment, such as slot machines, feature signage that is larger, taller, wider, more uniquely shaped, and of higher resolution than previous models.
For example, Everi recently launched its Empire Flex video platform which features a 49-inch flexed display on top of the company's Empire MPX base. It boasts 4K content, industry-unique flexible integrated light bars, and a large, enhanced glass button deck. In October 2019, NOVOMATIC released Samurai Beauty, a large-scale slot machine featuring V.I.P. Lounge Curve 1.43 cabinets placed against a double-sided 4x3 LED screen video wall displaying game-specific, choreographed content for high-visibility game presentation. Scientific Games also introduced Wave XL Horizon in October 2019, featuring a bottom 49-inch curved display combined with a massive 65-inch concave screen. These technological advancements are expected to drive market growth during the forecast period.
The growth of the casino gaming equipment market may face obstacles due to gambling restrictions in several countries. In nations like Saudi Arabia, Indonesia, and Iran, all forms of gambling, including slot machines, poker, betting, and bingo, are considered illegal, and harsh penalties are imposed for any violations. The legal landscape of gambling in the US is complicated, with federal and state laws varying from one jurisdiction to another. While gambling is entirely legal in some states, other states are still working to legalize it.
Restrictions on gambling in certain regions result in a significant loss of revenue for casino operators and equipment providers, limiting their potential market reach. Therefore, the market growth may be adversely affected due to these factors during the forecast period.
The market research 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 growth strategies.
The market is driven by the proliferation of gaming establishments and gambling activities worldwide. These establishments demand high-quality gaming equipment and state-of-the-art gaming machines to enhance player experience and stay competitive in the global gambling industry. The legalization of casinos in various regions has further fueled market growth, with rising disposable income and the integration of casinos into shopping malls and entertainment venues attracting more patrons. With a focus on innovation, manufacturers are developing advanced gaming accessories and digital payment alternatives to cater to evolving consumer preferences. However, concerns over gambling addiction and adherence to trade regulations underscore the need for responsible gaming practices and regulatory compliance in the industry.
The market thrives within the dynamic commercial casino industry, driven by consumer spending on entertainment and leisure activities. Traditional casino tables continue to be a staple, while the integration of digital currencies and the rise of online websites offer new avenues for gaming enthusiasts. Technological innovations drive the development of advanced casino gaming machines and facilitate value chain optimization for manufacturers. The market is influenced by casino gambling policies and the impact of domestic and localized market players. Additionally, trends like consumer-customized bet concepts, virtual player cards, and cardless player tracking cater to evolving consumer behavior in the realm of digital gaming.
The market is expanding rapidly with the surge in online casinos and the popularity of mobile gaming apps. Favorable government regulations have contributed to market growth, enabling smooth operations and fostering innovation. The increasing integration of cryptocurrencies into gaming platforms offers users greater flexibility and security in transactions. Advanced electronic gaming systems are revolutionizing the industry, enhancing player experiences and driving revenue for operators. As operator costs decrease and efficiency improves, the market witnesses an uptick in the number of games per hour and overall money generation. This trend underscores the market's resilience and adaptability in catering to evolving consumer preferences and technological advancements.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Industry Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.55% |
Market growth 2023-2027 |
USD 14265.1 million |
Market structure |
USD Fragmented |
YoY growth 2022-2023(%) |
4.6 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 34% |
Key countries |
US, Canada, China, UK, and Germany |
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 AS, Aristocrat Leisure Ltd., Eclipse Gaming Systems LLC, 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, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, 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. |
We can help! Our analysts can customize this market research report to meet your requirements.
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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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