Casino Gaming Equipment Market Share, Competitive Landscape, Business Opportunities and Forecast 2022-2027
The global casino gaming equipment market will reach US$13.2 billion by 2027, growing at a CAGR of 3.1% during the period 2022-2027.
SHERIDAN, WYOMING, USA, Sept. 13, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report titled “Casino Gaming Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which includes information on the Casino Gaming Equipment industry report. The report also includes competitor and regional analysis, as well as contemporary advancements in the global market. The market reached a value of US$11 billion in 2021. The global casino gaming equipment market will reach US$13.2 billion by 2027, growing at a CAGR of 3.1% during 2022-2027.
Casino gaming equipment refers to the machines and tools used to facilitate gambling and ensure the security, verifiability and reliability of casino operations. They help increase the profitability, convenience, security and profitability of casinos. Additionally, they are used to verify the authenticity of banknotes and analyze player behavior. Accordingly, casino gaming equipment is widely used in shopping malls, casinos and gaming arenas. Some of the casino gaming equipment used includes roulette wheels, poker tables, shuffling machines, player tracking systems, video lottery terminals, and video poker machines.
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As the novel coronavirus (COVID-19) crisis engulfs the world, we are continuously monitoring changes in markets, as well as consumer buying behaviors around the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic.
The market is mainly driven by a huge increase in the liberalization and cultural acceptance of casinos and gambling across the world. With the inflation of disposable income levels of the masses, especially the middle class population, resulting in increased visits to casinos, which, in turn, gives impetus to the market. Additionally, the shift in consumer preference from traditional casino tables to e-gaming tables is driving the growth of the market.
Apart from this, convenient access to online casinos that can be used through mobile phones is also having a positive impact on the growth of the market. Additionally, the growing adoption of Virtual Reality (VR), Artificial Intelligence (AI), and Internet of Things (IoT) technologies to maintain transparency and deliver an immersive experience to the gamer is further fueling the market. Some of the other factors creating a positive market outlook include rapid urbanization, growing internet penetration, emerging social media trends, advent of electronic gaming tables, and extensive research and development (R&D) activities.
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Competitive landscape with key players:
The report has also analyzed the competitive landscape of the market with some of the key players.
• Abbiati Casino Equipment Srl
• AGS SARL
• Aristocrat Leisure Limited
• Euro OOD gaming technology
• Everi Holdings Inc.
• Incredible Technologies Inc.
• International game technology API
• Digital Jackpot Inc.
• Konami Holdings Corporation
• Scientific Games Society
• TCS John Huxley Ltd.
Casino Gaming Equipment Market Segmentation:
Our report has categorized the market based on region, product type, installation, mode of operation, and end-use industry.
Breakdown by product type:
• Slot machines
• Video lottery terminal
• Video poker machines
Breakdown by facility:
• Installed inside the casino
• Installed outside the casino
Breakdown by operating mode:
• Fixed to the ground
Breakdown by end user:
• Shopping centers
• Leisure centers
Breakdown by region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)
Main highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape
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