Casino Gaming Equipment Market Size is Expected to Reach USD 15.31 Billion by 2028, Driven by Liberalization of Casinos in Several Countries and Increase in Gaming Spending | million ideas
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According to a new report available with Million Insights, the Global Casino Gaming Equipment Industry Report provides a detailed assessment of the industry highlighting information on different aspects including drivers, restraints, opportunities for growth and threats. This information can help stakeholders make appropriate decisions before investing.
The Global casino gaming equipment market the size is expected to reach $15.31 billion by 2028, according to a new report from Million Insights. It is expected to grow at a CAGR of 4.7% from 2021 to 2028. Liberalization of casinos in several countries and rising spending on gambling are the major factors driving the market. Rising customer footfall is forcing casino operators to increase casino gaming equipment to meet consumer demand.
Increased intervention of technology will drive the growth of the market. Gambling is big business all over the world and almost every country has casinos. The growing popularity of gambling attracts high rollers and encourages them to expand casinos all over the world. Gaming equipment with trending games is essential for every casino to maintain consumer engagement, thereby fueling market growth.
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Growing middle-class population, increasing disposable income, and rising gambling spending will drive the market globally. Additionally, manufacturing companies are offering technologically advanced products to meet the growing demand from casinos for digital games to provide a better gaming experience.
The economic downturn from the COVID-19 pandemic has negatively impacted the growth of the market. While most of the countries around the world have been facing lockdown, like other industries, the gaming industry has also seen slower economic growth during the pandemic period. However, it is expected that as things normalize after 2021, industries are expected to ramp up their operations and thus, in turn, unlock new growth opportunities for the market in the coming years.
To browse the report summary and detailed table of contents, please click on the link below:
Casino Gaming Equipment Market Report Highlights:
• North America captured the largest share of over 38.0% in 2020. The United States, Canada, and Mexico contribute significantly to the regional market growth
• By product type, the casino tables segment is expected to grow at the fastest CAGR of 5.4% from 2021 to 2028, as table games are the most popular among professional gamblers.
• Asia-Pacific is expected to register the fastest CAGR of 5.3% from 2021 to 2028. The presence of a large number of global players and the growing popularity of gambling will drive the growth of the regional market
• Slots product type segment held the largest share over 50.0% in 2020. Affordability and popularity of slots and availability of different games on slots will drive the segment in the years to come.
Segmentation of the casino gaming equipment market
Million Insights has segmented the global casino gaming equipment market on the basis of product type, end-user, and region:
Casino Gaming Equipment Product Type Outlook (Revenue, USD Million, 2017 – 2028)
- Slot machines
- casino tables
- Video poker machines
- Gambling chips and dice
Casino Gaming Equipment End-User Outlook (Revenue, USD Million, 2017 – 2028)
- River Cruise and Casino
Casino Gaming Equipment Regional Outlook (Revenue, USD Million, 2017 – 2028)
- North America
- Asia Pacific
- Central and South America
- Middle East and Africa
List of Key Casino Gaming Equipment Market Players
- Ainsworth Game Technology Ltd.
- Abbiati Casino Equipment Srl
- AMATIC Industries GmbH
- APEX professional game like
- Aristocrat Leisure Ltd.
- Aruze Gaming America, Inc.
- Eclipse Gaming Systems LLC
- Everi Holdings Inc.
- International Gaming Partners, Inc.
- International Game Technology PLC
- Konami Holding Corp.
- Novomatic AG
- AGS SARL
- Scientific Games Corp.
- Universal Entertainment Corp.
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