Slot Machine Market by Product and Geography - Forecast and Analysis 2020-2024

  • Published: Dec 2020
  • Pages: 135
  • SKU: IRTNTR40412
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The slot machine market size has the potential to grow by USD 8.21 billion during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period.

This slot machine market report provides a detailed analysis of the market by product (digital and mechanical) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including AMATIC Industries GmbH, APEX pro gaming AS, APOLLO SOFT s.r.o., Aristocrat Leisure Ltd., Eclipse Gaming Systems LLC, International Game Technology Plc, Konami Holdings Corp., NOVOMATIC AG, Scientific Games Corp., and Universal Entertainment Corp. 

Slot Machine Market Analysis

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Who are the Major Slot Machine Vendors?

The market is fragmented, and the degree of fragmentation will decrease during the forecast period. Market vendors are increasingly focusing on M&A activities to develop advanced products, expand their geographic reach, and to overcome the competition from local vendors. AMATIC Industries GmbH, APEX pro gaming AS, and APOLLO SOFT s.r.o. are some of the major market participants. Although the accelerating growth momentum will offer immense growth opportunities, the restrictions on gambling in many countries will challenge the growth of the market participants. To increase their slot machine market share, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this slot machine market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this slot machine market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading slot machine manufacturers, including:

  • AMATIC Industries GmbH
  • APEX pro gaming AS
  • APOLLO SOFT s.r.o. 
  • Aristocrat Leisure Ltd.
  • Eclipse Gaming Systems LLC
  • International Game Technology Plc
  • Konami Holdings Corp.
  • NOVOMATIC AG
  • Scientific Games Corp.
  • Universal Entertainment Corp.

Which are the Key Markets for Slot Machine?

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Europe is one of the largest markets for slot machines, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as changing gambling regulations and the launch of new gambling services are contributing to the slot machine market growth in this region.

35% of the market’s growth will originate from Europe during the forecast period. The UK and Italy are the key markets for slot machines in Europe. However, market growth in this region will be slower than the growth of the market in other geographies.

What are the Major Product Segments in the Slot Machine Market?

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Digital slot machines are highly adaptable and user-friendly. Users can easily play without any assistance and track their winnings and losses in these slot machines. These useful attributes of digital slot machines are expected to boost its demand from casinos during the forecast period.

Market growth in this segment will be faster than the growth of the market in the mechanical segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the slot machine market size.

How will Vendor Involvement Influence Slot Machine Market Growth?

The growing vendor involvement will be a significant factor driving the growth of the slot machine market. The rising number of casinos has encouraged market vendors to offer various casino-related products and solutions for facilitating casino gambling. Market vendors are increasingly focusing on expanding their product portfolio by offering new variants of slot machines with improved features. For instance, Universal Entertainment Corp. (Universal Entertainment) integrated Slot Program Play System into their new slot machines to offer preferred customer services to VIP players. International Game Technology also launched two slot games, namely The Price is Right and Adam Levine at G2E Las Vegas, the US. The launch of such new products will help market vendors to attract more customers and increase the sales of slot machines.

  • Casinos are allowing customers to use various modes of transaction for gambling activities to increase customer satisfaction and enhance the gambling experience.
  • Casinos such as Golden Gate and D Las Vegas in Las Vegas, the US, support bitcoin transactions.
  • Customers prefer bitcoin transactions for gambling activities because of the high level of anonymity, easy deposits and withdrawals, lower fraud risks, and quick payments.
  • The high monetary fluctuations and taxes on the gambling industry will result in the increasing use of bitcoins for making transactions in gambling games, including slot machines.
  • The increasing use of bitcoins in gambling, which is one of the critical slot machine market trends, will positively impact the growth of the market during the forecast period.  
  • During 2020-2024, the slot machine market will grow at a CAGR of almost 10%.

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What are the Key Factors Covered in this Slot Machine Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will accelerate the growth of the slot machines market during the next five years
  • Precise estimation of the global slot machine market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the slot machine industry across APAC, Europe, MEA, North America, 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 slot machine vendors 

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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
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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
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TechnavioREPORT WRITING

Qualitative

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

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The slot machine market growth will increase by $8211.76 million during 2019-2024.
The slot machine market is expected to grow at a CAGR of 9.73% during 2019-2024.
Technavio has segmented the slot machine market by product (Digital and Mechanical) and geographic (Europe, North America, APAC, South America, and MEA).
AMATIC Industries GmbH, APEX pro gaming AS, APOLLO SOFT s.r.o., 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 slot machine market.
Europe will register the highest growth rate of 34.78% among the other regions. Therefore, the slot machine market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the slot machine market growth are:
  • Growing vendor involvement in market
The slot machine market vendors should focus on grabbing business opportunities from the digital segment as it accounted for the largest market share in the base year.
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