The global casino gaming equipment market was valued at $11,026.3 million in 2019, and is projected to reach $13,191.8 million by 2027, registering a CAGR of 5.5% from 2021 to 2027. In 2019, the slot machine segment accounted for the highest market share. Casino gaming equipment refer to gaming machines used for the purpose of entertainment and gambling and are found in casinos, malls, and other places of entertainment. It is highly regulated and these regulations differ from country to country. Numerous games are played at casinos and each game has its own type of gaming equipment.
Several countries across the globe have liberalized the concept of casinos. As a result, the number of casino establishments have started to rise, alongside growth of customers. This factor is regarded as one of the most crucial factors that drive growth of the casino gaming equipment market. Furthermore, manufacturers are investing heavily in R&D to add smart gaming features and increase consumer interests.
Likewise, with rise in middle class population and disposable income, visits to casinos have essentially increased. This has been a key element in generating a positive impact on the casino gaming equipment market. However, the rise in preference for online gambling is anticipated to hamper the casino gaming equipment market growth.
On the contrary, over the previous decade, there has been a tremendous growth and innovation in the field of casino gaming, which is anticipated to keep growing. Manufacturers are developing innovative products to provide consumers around the world with new ways to enjoy themselves and add value to their daily lives. Thereby, higher efficiency through product innovation can be regarded to create growth avenues in the casino gaming equipment market.
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 classified into slot machines, video lottery terminal, video poker machines, and others. By installation, it is categorized into installed inside casino and installed outside casino. By mode of operation, it is bifurcated into floor mounted and portable. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of product type, the slot machine segment accounted for the maximum share in the global casino gaming equipment market in 2019. Slot machines are extremely popular in casinos and gambling space across the globe. They have evolved drastically over the last decade through high adoption of radical skill-based machineries and launch of new and advanced games. Hence, with technological advancements and attractive features, preference for slot machines has gained positive recognition over the years. However, the others segment is expected to grow at a higher CAGR during the casino gaming equipment market forecast period.
By Product Type
The Others Casino gaming equipment segment would witness the fastest growth, registering a CAGR of 6.2% during the forecast.
On the basis of installation, the installed inside casino segment accounted for the maximum share in the global casino gaming equipment market size. Growth of gaming in land-based venues is driven by opening of new casinos in both new and existing jurisdictions, as well as expansion of existing casinos. There are numerous games that can be played under one roof; hence it becomes a convenient option for operators to keep customers engaged and encourage additional visits. In addition, it is also generally spread over a large area and comprises higher amount of equipment. However, the installed outside casino gaming equipment market segment is expected to grow at a higher CAGR during the forecast period.
The Installed outside casino segment woud witness the fastest growth, registering a CAGR of 6.2% during the forecast.
On the basis of mode of operation, the floor mounted segment accounted for the maximum casino gaming equipment market share in 2019. The attachment to the floor is an easier installation, than a wall, owing to its ability to exert weight directly downward. Traditionally, most casino gaming equipment have been floor mounted. However, the portable casino gaming equipment segment is expected to grow at a higher CAGR during the forecast period.
By Mode Of Operation
The portable segment woud witness the fastest growth, registering a CAGR of 6.0% during the forecast.
On the basis of region, North America was the prominent market for casino gaming equipment in 2019. This was attributed to tremendous popularity of casinos and gambling in the region. It has the highest number of casino establishments in the world and high mass-market casino gaming equipment market demand. However, Asia-Pacific is expected to witness a significant CAGR, during the forecast period.
Asia-Pacific region woud witness the fastest growth, registering a CAGR of 6.0%, during the forecast.
Key players operating in the casino gaming equipment market include 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.
Key Benefits For Stakeholders
- The report provides a quantitative analysis of the current casino gaming equipment market trends, estimations, and dynamics of the market size from 2021 to 2027 to identify prevailing opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis and the market size and segmentation assists in determining the prevailing casino gaming equipment market opportunities.
- The major countries in each region are mapped according to their revenue contribution to the market.
- The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the casino gaming equipment industry.
Casino Gaming Equipment Market Report Highlights
By Product Type
By MODE OF OPERATION
Key Market Players
GAMEBRIDGE CASINO EQUIPMENT, THE NOVOMATIC AG GROUP, EVERI HOLDINGS INC., INCREDIBLE TECHNOLOGIES, INC., JACKPOT DIGITAL INC, PLAYAGS, INC., MATSUI GAMING MACHINE CO., LTD., ARISTOCRAT LEISURE LTD, EURO GAMES TECHNOLOGY LTD, INTERNATIONAL GAME TECHNOLOGY PLC
According to CXOs of leading companies, the casino gaming equipment market witnessed considerable demand in the past decade, with liberalization and legalization of casinos across several countries. Consequently, numerous casino establishments have expanded as a means of commercial entertainment for customers across the globe.
Product innovations and technological advancements have been the growth pioneers of the casino gaming equipment industry. Combination of gaming operations and gaming technology has enabled manufacturers to establish themselves and create high demand in the casino industry. For instance, development of automated electronic gaming machines that provide flexibility, attractive designs, technical advancements and high-end gaming experience. Furthermore, performance of companies is driven by continuous strong operational momentum across both land-based and digital businesses. However, competition in the digital gaming landscape has become intense. Hence, there is an increase in importance for digital content delivery in the casino gaming industry to sustain the potential competition.
The demand for casino gaming equipment in Asia-Pacific is on the rise, with a high growth rate. This is attributed to the rise in disposable income of consumers in addition to liberalization of government policies with regards to casinos. Countries such as Vietnam, Singapore, Malaysia, and Macau are some of the most dynamic casino gaming destinations in the region.