Casino gaming equipment market expected to reach $ 13.1 billion by 2027 – Allied Market Research – The Manomet Current


“The increase in the number of casino establishments as a result of liberalization is one of the key factors in the growth of the market. In addition, rapid technological advancements and the development of new products are expected to attract the attention of consumers. These factors are among the crucial factors driving the global casino gaming equipment market. “

According to a new report released by Allied Market Research, titled “Casino Gaming Equipment Market By Product Type, Installation and Mode of Operation: Industry Opportunity Analysis and Forecast, 2021-2027The global casino gaming equipment market was valued at $ 11,026.3 million in 2019 and is expected to reach $ 13,191.8 million by 2027, registering a CAGR of 5.5% from 2021 to 2027 The market is expected to present an additional revenue casino gaming equipment market opportunity. from $ 3,641.6 million from 2021 to 2027. The increase in the number of casinos, the growth in demand for electronic gaming systems and the increase in the preference for slot machines are propelling the trends in the equipment market. of casino games.

The increase in disposable income of consumers, especially in developing countries, has created a positive impact on the growth of the casino gaming equipment industry. The number of consumers who visit casinos has grown in recent times. As a result, the number of casino establishments has increased, creating a high demand for casino equipment. In addition, substantial technological innovations in electronic game machines have created great opportunities for manufacturers. In addition, the governments of several countries have liberalized the concept of casinos. It has also helped generate strong growth in the market for casino gaming equipment for manufacturers.

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Due to the spread of COVID 19, the demand for casino gaming equipment has been negatively affected. The pandemic has resulted in a significant reduction in customer capital spending and lower revenues from gaming operations, due to site closures and social distancing measures from March 2020. In addition, the epidemic has also caused a supply chain slowdown and product delivery delays as well as casino closures on a global scale, impacting the business.

On the basis of product type, Slot Machine Casino Game Equipment segment accounted for the maximum Casino Game Equipment market share in 2019. Slot machines are extremely popular in casinos and gaming spaces worldwide. They have evolved dramatically over the past decade with the massive adoption of radical skill-based machines and the launch of new and advanced games. Therefore, with advancements in technology and attractive features, the preference for slot machines has been recognized positively over the years. However, the other casino gaming equipment market segment is expected to grow at a higher CAGR during the forecast period.

On a setup basis, the indoor casinos segment accounted for the maximum market share in 2019. The growth of games in land-based sites is driven by the opening of new casinos in new and existing jurisdictions, as well as the expansion of casinos. There are many games that can be played under one roof; therefore, it becomes a practical option for operators to retain customers and encourage additional visits. In addition, it is also usually distributed over a large area and includes a greater amount of equipment. However, the installed outdoor casino gaming equipment segment is expected to grow at a higher CAGR during the forecast period of the casino gaming equipment market.

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Based on the mode of operation, the floor mounted segment accounted for the maximum share of the global casino gaming equipment market in 2019. Floor mounting is easier installation than a wall, due to its ability to exert a weight straight down. . Traditionally, most casino gaming equipment has been floor mounted. However, the portable casino gaming equipment segment is expected to grow at a higher CAGR during the forecast period.

Based on region, North America was the primary market for casino gaming equipment in 2019. This was attributed to the enormous popularity of casinos and gambling in the region. It has the largest number of casino establishments in the world and a high demand for consumer gaming equipment. However, Asia-Pacific is expected to experience a significant CAGR during the forecast period.

Main conclusions of the study

  • By type, slots segment contributed the most to casino gaming equipment market size, with $ 4,479.50 million in 2019, and is expected to grow to $ 5,129.80 million by 2027 , with a CAGR of 5.0% during the forecast period.
  • By installation, the indoor casino segment was the largest contributor to the market with $ 7,001.8 million in 2019, and is expected to grow to $ 8,117.0 million by 2027, at a CAGR of 5 , 1% over the forecast period.
  • By category, the floor mounted segment was the largest contributor to the market, with $ 6,801.7 million in 2019, and is expected to reach $ 7,937.0 million by 2027, at a CAGR of 5.2 % during the forecast period.

In 2019, North America was the largest market, but Asia-Pacific is expected to grow at a significant CAGR throughout the forecast period.
The major players operating in the casino gaming equipment market are Playags, Inc., Incredible Technologies, Inc., International Game Technology Plc, Everi Holdings Inc., Aristocrat Leisure Ltd., Euro Games Technology Ltd., Gamebridge Casino Equipment, Jackpot Digital Inc, Matsui Gaming Machine Co., Ltd. and the Novomatic Ag group.

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