Casino Gaming Equipment Market Research Report - Global Forecast till 2027

Casino Gaming Equipment Market Research Report: Information, by Type (Gaming Chips, Slot Machines, Casino Tables, Video Poker Machines and Other), Application (Casino, Mall and others) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2027

ID: MRFR/IA - E/6722-HCR | February 2021 | Region: Global | 100 pages

Casino Gaming Equipment Market Overview


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 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.


COVID-19 Analysis:


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 gaming equipment market 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.


Competitive Landscape


The prominent key players in the casino gaming equipment market are the following:



  • International Game Technology PLC (IGT) (UK)

  • Scientific Games Corporation (US)

  • Novomatic (Austria)

  • Aristocrat Leisure (Australia)

  • Gaming Partners International, Inc. (US)

  • Incredible Technologies Inc (US)

  • PlayAGS (US)

  • Konami Holdings Corporation (Japan)

  • Everi Holdings Inc., (US) and

  • Abbiati Casino Equipment S.r.I. (Italy)


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.


Recent Developments



  • Now online gambling becomes very easier than before with the rise of multiple safe payment options which makes it more popular. This new technology includes enhanced security, multiple payment options, and a live gambling experience.

  • The latest casino game becomes online too. People are getting bored of playing the game themselves and are showing interest in mingling with social people and are gaming online with each other.

  • Advanced Artificial Reality (AR) and Virtual Reality (VR) have created a sphere of interactive gambling and real-life-like playing experience. With this technology, you can view the screen 360-degree view when playing which gives an experience of a real casino.


Market Dynamics:


Drivers:


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.


Restraint:


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.


Opportunities:


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.


Challenges:


High prices of casino gaming machines are the challenges of the casino gaming equipment market.


Segment Overview:


The global casino gaming equipment market research has been segmented based on the type, application, and region.


Based on Type


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 Application


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.


Based on Region


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.


Regional Analysis -


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.


Study Objectives -



  • To provide detailed information about the market structure along with various forecast segments and sub-segments for the next 10 years.

  • To provide the factors that are affecting the growth of the market value.

  • To analyze the market-based porter’s five force analysis, factors-price analysis, supply chain analysis, etc.

  • To provide history and forecast revenue segments and sub-segments of the market revenue for the five main geographies and their countries.

  • To provide the country-level analysis of the current market size and future prospective.

  • To provide country-level analysis of the market growth by region, form, and application.

  • To provide a strategic profile of the key players in the market, analyze their core competencies, and draw a landscape of the global casino gaming equipment industry market growth.

  • To track and analyze new product developments, strategic alliances, and global market research.


Report Overview:


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.


Segmentation Table


The casino gaming equipment market outlook is segmented into type, application, and region. 


By Type


Gaming chips, casino tables, slot machines, video poker machines, and others.


By application


Casino, malls, and others.


By Region


Asia-Pacific, Europe, North America, and the Rest of the world



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: USD 10 Billion
  CAGR   5% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  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

  • Significant increasing innovations in slot machines
  • Popularity of reconfigurable electronic gaming machines
  •   Key Market Drivers

  • Growing digitization trends in casino
  • Rise in popularity of gambling games


  • Frequently Asked Questions (FAQ) :


    5.5% is the CAGR of the casino gaming equipment market.

    The casino gaming equipment market’s forecast period is said to be 2020–2027.

    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.

    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.

    Asia-Pacific, Europe, North America are the region holding a prominent market share in the casino gaming equipment market.