Casino Gaming Equipment Market is expected to reach around USD 10 billion and is projected to witness ~5% CAGR during the forecast period, 2020–2027
Casino Gaming Equipment Market Overview
casino gaming equipment market is expected to reach around USD 10 billion by 2027 and is projected to witness ~5% CAGR during the forecast period, 2022–2030.
Casino gaming equipment is the gaming machines used in casinos, malls, and other leisure purposes for entertainment. It is also named gambling equipment. There are several games played at the casino, each game of the casino needs different types of equipment. This equipment is designed in a way to conduct casino operations in a secure, auditable, and reliable manner. Fake or original currency notes can analyze and authenticate by some of this equipment.
In each country, this game is regulated by several policies. The gaming commissions such as American Gaming Association (AGA) and National Indian Gaming Commission (NIGC) take the ordinances of manufacturing, sale, and distribution of gaming machines to use or play. The new development in this equipment has transformed into high technology arcades. Mostly, these are worked electronically but earlier this casino gaming equipment was operated manually. Slot machines are commonly used casino gaming equipment, whereas casino tables and video pokers are included for other equipment. The latest computer-controlled technology is replaced which has high accuracy, speed, and honesty in the game.
Due to the attack of COVID-19, the government implements strict rules as partial or complete lockdowns in various emerging and developed countries to prevent the spread of the virus. Due to this lockdown permissible limits, the manufacturing of casino gaming equipment and other services were restricted. Several business sectors were closed for a specific period. All these factors have severely impacted casino gaming equipment as well as various industries and retail stores.
The supply chains of the casino market gaming equipment manufacturers were disrupted and the production of equipment was restricted which results in huge demand. However, the financially strong companies sustain their operations even in this severe pandemic situation also, but various companies are facing a lot of issues which results in the complete shutdown of their production facilities. Apart, international associations related to the casino gaming equipment manufacturers providing a few guidelines to prevent the spread of the coronavirus that helps the market recover during the assessment period.
The prominent key players in the casino gaming equipment market are the following:
International Game Technology PLC (IGT) (UK) is one of the top reputed organizations in the present market that always try to develop new advanced technologies in casino machines.
The rise in digitization trends, changing lifestyle, and disposable income are the factors that drive the growth of the casino gaming equipment market. In addition, globally the construction of new casino centers and adoption of AR and VR in gambling increases due to the demand for gambling games is growing. Several countries liberalized with government regulations on casinos. The rise in the popularity of gambling games is the other factor that drives the market. The latest technological gaming also increases market growth. During the forecast period (2019- 2025), the market size is expected to reach USD 20 Billion with a 5.5% CAGR.
Because of the high prices for casino gaming machines and gaming accessories, the demand for the gambling equipment market reduces. The trending games like Angry Birds and Call of Duty are designed for a quicker source of income which was considered illegal and is banned. Various regulations during the manufacturing and functioning of this equipment are hampering the casino gaming equipment market. The changes in market strategies like mobile applications and changes in consumer’s gambling habits are also the restraints of the market.
During the forecast period, the significantly increasing innovations in slot machines and the popularity of electronic gaming machines are opportunities to increase the growth of the market. The latest developments of gaming equipment are expected to be the opportunity to increase the market growth. The rise in the middle-class population is also increasing the demand over the gambling market.
High prices of casino gaming machines are the challenges of the casino gaming equipment market.
The global casino gaming equipment market research has been segmented based on the type, application, and region.
Based on the type, the global market is segmented into gaming chips, slot machines, casino tables, video poker machines, and others. During the forecast period, the gaming chip segment is expected to hold a significant market growth and the casino tables are expected to hold a moderate growth due to the demand for offline gambling games is to be raised.
Based on the application, the global market is segmented into casinos, malls, and others. During the forecast period, the casino segment is expected to dominate the market and the mall segment is expected to hold phenomenal growth due to an increase in demand for video gaming machines and table games.
The global market based on the regions is segmented into North America, Europe, Asia-Pacific, and the Rest of the world. Due to the presence of several casino gaming equipment manufacturing industries and manufacturers, Asia-Pacific is expected to hold a prominent market share during the forecast period.
The global market is geographically segmented into four main regions like North America, Europe, Asia-Pacific, and the Rest of the world. During the assessment period, the Asia-Pacific region is expected to hold a prominent share in the market for its presence in various casino gaming equipment manufacturing industries. In this region, casino gaming equipment has more popularity and several government liberal regulations are the factors that increase the growth of the gambling equipment market. Nearly 54% of the market’s growth is originating from this region. China is the major key market in this region.
Europe is expected to grow at a substantial growth of its strong government standards and growing demand for offline gaming from Russia, Germany, Spain, and France. North America is expected to hold the highest market share in 2027 for its growing popularity of gambling equipment in this region.
This global casino gaming equipment research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent Developments, Segmentation Table, and FAQs. The market dynamics include the casino gaming equipment market drivers, restraints, challenges, and opportunities. The market segments are type, application, and region.
The casino gaming equipment market outlook is segmented into type, application, and region.
Gaming chips, casino tables, slot machines, video poker machines, and others.
Casino, malls, and others.
Asia-Pacific, Europe, North America, and the Rest of the world
|CAGR||5% CAGR (2022-2030)|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||International Game Technology PLC (IGT) (UK), Aristocrat Leisure (Australia), Scientific Games Corporation (US), Novomatic (Austria), Gaming Partners International, Inc. (US), Incredible Technologies Inc (US), Konami Holdings Corporation (Japan), PlayAGS (US), Everi Holdings Inc., (US), and Abbiati Casino Equipment S.r.l. (Italy)|
|Key Market Opportunities||
|Key Market Drivers||
5.5% is the CAGR of the casino gaming equipment market.
Scientific Games Corporation, Novomatic, International Game Technology PLC (IGT), Aristocrat Leisure, and Gaming Partners International Corporation are the top casino gaming equipment manufacturers in the worldwide market.
The substantial snowballing innovations in slot machines and the popularity of reconfigurable electronic gaming machines are the prominent factors leading the global market of casino gaming equipment.
The casino gaming equipment market’s forecast period is said to be 2022–2030.
Asia-Pacific, Europe, North America are the region holding a prominent market share in the casino gaming equipment market.