Global Casino Gaming Equipment Market, By Type (Gaming Chips, Slot Machines, Casino Tables, Video Poker Machines, Others), Installation (Installed Inside Casino, Installed Outside Casino), and Mode of Operation (Floor Mounted, Portable) Application (Casino, Mall, Others), End-User (Standalone Casino, Hotel Casino, Cruise and Riverboat Casino, Others) – Industry Trends and Forecast to 2029.
Global Casino Gaming Equipment Market Analysis and Size
Over the last few years, there has been immense growth in the participation in casino gaming activities. Additionally, the substantial technological innovations in electronic gaming machines as well as digital gaming has surged rapidly. The casino gaming has largely gained popularity of casino gaming across the globe. Therefore, the market is estimated to grow rapidly over forecasted period.
- Global Casino Gaming Equipment Market was valued at USD 7.07 billion in 2021 and is expected to reach USD 11.13 billion by 2029, registering a CAGR of 5.5% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.
Global Casino Gaming Equipment Market Definition
The gaming machines used in casinos, malls, and other places of entertainment are known as Casio gaming equipment or gambling equipment. These machines are built in such a way that they can conduct casino activities in a secure, auditable, and dependable manner. At casinos, a variety of games are played, each with its unique set of casino gaming equipment. Some gaming equipment can detect and identify counterfeit or genuine money notes. In each country, different policies govern casino gambling. These policies must be followed by gaming equipment manufacturers. Casino gaming equipment advancements have transformed casinos into high-tech arcades. The majority of this equipment is electronic.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Gaming Chips, Slot Machines, Casino Tables, Video Poker Machines, Others), Installation (Installed Inside Casino, Installed Outside Casino), and Mode of Operation (Floor Mounted, Portable) Application (Casino, Mall, Others), End-User (Standalone Casino, Hotel Casino, Cruise and Riverboat Casino, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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IGT (UK), Aristocrat (Australia), Scientific Games Inc (U.S.), Novomatic (Austria), ANGEL GROUP CO., LTD (U.S.), Flutter Entertainment plc (Ireland), Incredible Technologies Inc., (U.S.), Konami (Japan), AGS LLC (U.S.), Everi (U.S.), ARUZE GAMING AMERICA, INC. (U.S.), agtslots (Australia), Caesars Entertainment (U.S.), Las Vegas Sands Corporation (U.S.), Melco International Development Limited (China), TCSJOHNHUXLEY (U.K) and Abbiati Casino Equipment S.r.l. (Italy)
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Market Opportunities
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Casino Gaming Equipment Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
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High Indulgence in Casinos
Gambling is a significant business all over the world, and casinos can be found in almost every country. Gambling's increasing popularity draws major players and motivates them to open casinos all over the world. Every casino needs gaming equipment with the latest games in order to keep customers engaged and develop the industry. Therefore, increased gaming practices boosts the casino gaming equipment market.
The factors such as rise in disposable income and augmented spending on gambling will further propel the growth rate of casino gaming equipment market. Additionally, the increased middle-class population along with the rapid urbanization will also drive market value growth over forecasted timeframe. Furthermore, the availability of variety of safe digital payment alternatives, an increase in disposable money and increased use of digital currencies and websites also boosts the overall market’s growth.
Opportunities
- Innovations, Digitalization and Liberalization
Furthermore, the substantial technological innovations in electronic gaming machines as well as digital gaming further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the governments across several countries have liberalized the concept of casinos, which will further expand the future growth of the casino gaming equipment market.
Restraints/Challenges Global Casino Gaming Equipment Market
- High Cost
The high prices of casino gaming machines will prove to be a demerit for the casino gaming equipment market. Therefore, this factor is anticipated to challenge the casino gaming equipment market growth rate.
- Addiction of Gambling
However, some segments of the intended population are becoming gambling addicts, which further leads them financially burdened and, as a result, fall into debt traps, which is biggest disadvantage of gambling. This factor will create hindrances for the growth of the casino gaming equipment market.
This casino gaming equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the casino gaming equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Casino Gaming Equipment Market
The recent outbreak of coronavirus had an adverse impact on the casino gaming equipment market. Due to venue closures and social distancing measures, the pandemic caused in a considerable reduction in capital investment by consumers and lower gaming operations income beginning in March 2020. Furthermore, the outbreak slowed the supply chain and created delays in product delivery, as well as the closure of casinos on a global scale, all of which had an impact on the business.
On the brighter side, the government agencies all across the world have recently proposed several changes to the current regulations, which are likely to assist the market regain its footing soon.
Global Casino Gaming Equipment Market Scope
The casino gaming equipment market is segmented on the basis of type, installation, mode of operation, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Gaming Chips
- Slot Machines
- Casino Tables
- Video Poker Machines
- Others
On the basis of type, the casino gaming equipment market has been segmented into gaming chips, slot machines, casino tables, video poker machines and others.
Installation
- Installed Inside Casino
- Installed Outside Casino
The casino gaming equipment market has also been segmented on the basis of installation into installed inside casino and installed outside casino.
Mode of Operation
- Floor Mounted
- Portable
On the basis of mode of operation, the casino gaming equipment market is segmented into floor mounted and portable.
Application
- Casino
- Mall
- Others
On the basis of application, the casino gaming equipment market is segmented into casino, mall and others.
End-User
- Standalone Casino
- Hotel Casino
- Cruise and Riverboat Casino
- Others
On the basis of end-user, the casino gaming equipment market is segmented into standalone casino, hotel casino, cruise and riverboat casino and others.
Casino Gaming Equipment Market Regional Analysis/Insights
The casino gaming equipment market is analyzed and market size insights and trends are provided by country, type, installation, mode of operation, application and end-user as referenced above.
The countries covered in the casino gaming equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the casino gaming equipment market because of the presence of a large number of global players and the increased popularity of gambling within the region.
North America on the other hand, is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the increasing inclination towards gambling, growing legalization of gambling activities within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Casino Gaming Equipment Market Share Analysis
The casino gaming equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to casino gaming equipment market.
Some of the major players operating in the casino gaming equipment market are
- IGT (UK)
- Aristocrat (Australia)
- Scientific Games Inc (U.S.)
- Novomatic (Austria)
- ANGEL GROUP CO., LTD (U.S.)
- Flutter Entertainment plc (Ireland)
- Incredible Technologies Inc., (U.S.)
- Konami (Japan), AGS LLC (U.S.)
- Everi (U.S.)
- ARUZE GAMING AMERICA, INC. (U.S.)
- agtslots (Australia)
- Caesars Entertainment (U.S.)
- Las Vegas Sands Corporation (U.S.)
- Melco International Development Limited (China)
- TCSJOHNHUXLEY (U.K)
- Abbiati Casino Equipment S.r.l. (Italy)
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