Dublin, May 21, 2021 (GLOBE NEWSWIRE) – The “Casino Gaming Equipment Market by Product Type, Installation and Mode of Operation: Global Opportunity Analysis and Industry Forecast, 2021-2027” report was added to ResearchAndMarkets.com offer.
Casino gaming equipment refers to gaming machines that are used for entertainment and gaming purposes and are found in casinos, shopping malls and other places of entertainment. It is highly regulated and these regulations differ from country to country. Many games are played in casinos and each game has its own type of gaming equipment.
The commercial casino industry has grown significantly over the past few decades. This is mainly due to several factors including product innovation, increasing consumer spending and increasing number of casino establishments. Over the years, manufacturers have focused on developing new products as a way to increase the consumer experience and to compete. There has been a transition from traditional casino tables to electronic gaming tables. In addition, with the increase in disposable income and consumer spending on entertainment activities, consumer visits to casinos have increased in recent times. In addition, the governments of several countries have liberalized regulations relating to casinos. This has made it possible to expand the casino establishments, which in turn drives demand for the equipment. However, many manufacturers rely heavily on third-party suppliers and vendors for the delivery of parts, equipment, and services. Any failure by these third parties to meet their delivery commitments could result in subsequent losses, and affect customer orders. This loss may have an adverse effect on operating results, cash flow and financial condition. Hence, it can be seen as a potential constraint in the casino gaming equipment market.
On the contrary, over the past decade there has been tremendous growth and innovation in the field of casino games, which is expected to continue to grow. Manufacturers are developing innovative products to provide consumers around the world with new ways to have fun and add value to their daily lives. Therefore, greater efficiency through product innovation can be seen as creating growth avenues in the casino gaming equipment market.
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 outbreak has also caused a supply chain slowdown and product delivery delays as well as casino closures on a global scale, impacting the business.
According to the casino gaming equipment market analysis, the market is segmented on the basis of product type, installation, mode of operation, and region. By product type, it is categorized into slot machines, video lottery terminals, video poker machines and others. By installation, it is classified in the casino installed inside and installed outside the casino. By working mode, it is divided into floor mounted and portable. Regarding regions, the market is studied in North America, Europe, Asia-Pacific, and LAMEA.
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.
- The report provides quantitative analysis of current casino gaming equipment market trends, market size estimates and dynamics from 2021 to 2027 to identify existing opportunities.
- Porter’s Five Forces Analysis highlights the power of buyers and suppliers to empower stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.
- In-depth analysis along with the market size and segmentation helps to determine the dominant opportunities in the Casino Gaming Equipments market.
- The main countries in each region are mapped according to their contribution to market revenues.
- The market player positioning segment facilitates benchmarking and provides a clear understanding of the current position of market players in the casino gaming equipment industry.
Main topics covered:
Chapter 1 Introduction
Chapter 2: Executive summary
Chapter 3: Market Overview
3.1. Definition and scope of the market
3.2. Porter’s Five Forces Analysis
3.3. Overview of market dynamics
184.108.40.206. Increase in the number of casinos
220.127.116.11. Growing demand for server-based / electronic gaming systems
18.104.22.168. Increased preference for slot machines
22.214.171.124. Rise of online casino games
126.96.36.199. Product innovation
3.4. Value chain analysis
3.5. Market share analysis
3.6. Impact of COVID-19 on the Casino Gaming Equipment Market
Chapter 4: Casino Gaming Equipment Market, By Product Type
Chapter 5: Casino Gaming Equipment Market, By Installation
Chapter 6: Casino Gaming Equipment Market, By Mode of Operation
Chapter 7: Casino Gambling Equipment Market, By Region
For more information on this report, visit https://www.researchandmarkets.com/r/t500ek