Casino Gaming Equipment Market was valued at USD 12.27 Billion in 2021, and is expected to reach USD 18.97 Billion by 2029, exhibiting a CAGR of 5.6% during the forecast period (2022-2029) Casino gaming equipment include slot machines, gaming tables, video poker machines, VLTs, and lottery machines, among others facilitate smooth day-to-day casino operations. These advanced gaming equipment are the back-bone of the gambling market where casinos are the major revenue contributors. The sale of gaming equipment is proportional to the growth in the Casino Gaming Equipment market across the world. In the entertainment & leisure industry, the future of the gambling industry appears promising. Casino gambling activities are highly popular in developed economies such as the US, the UK, China SAR, and other Western European countries. The gambling industry can further be categorized into two segments: land-based gambling and online gambling. With the advent of online live casino gaming activities, equipment manufacturers have been witnessing a surge in sales of gaming equipment thanks to increased demand. Further, as the market for live casino gaming runs 24x7, gaming equipment manufacturers are investing significantly to offer equipment that can withstand the demand for 24-hour operations. To know about the Research Methodology :- Request Free Sample Report The major trend observed in the Casino Gaming Equipment Market is the continuing convergence of gaming systems and IT. Further, the market is also witnessing the approach toward simpler and more intuitive communication and collaboration systems. Also, the emergence of voice-activated control systems has further added an impetus to Casino Gaming Equipment Market growth. Some of the major reasons behind such market traction of these trends are better manageability, better reliability, better security, lower maintenance cost, and overall benefits derived from convergence along with more intuitive control. Systems that can easily be managed internally with the help of existing IT resources and within the existing IT security policies are gaining traction among end-users. The following technologies have the potential to transform the casino gambling market in the near future: • Internet of Things (IoT): IoT is something that vendors have been speaking about since long. However, the IoT remains a pipe-dream, especially in the field of online gambling. Computing and storage have already been moving to the cloud, and there is a paradigm shift in assets management and control. IoT-enabled devices in combination with machine learning and artificial intelligence can learn and implement smart changes. • Augmented Reality (AR): The emergence of VR headsets has led to the talks about the paradigm shift the AR would bring in the gambling industry. The industry needs to devise how these can be applied in real time to offer innovative experience to users and solve their problems in real time. As AR implementation is already making progress in other industries such as medicine, aviation, and design, the gambling market is also figuring out how to build truly immersive experiences to enhance and impact the businesses worldwide. • Voice Recognition and Control: The voice-controlled devices have made significant progress in the consumer markets. However, their usage in gambling business is still debatable. Voice recognition technology combined with analytics could not only help casinos with business decisions but also enable smarter workflows. Gambling is considered a major commercial activity and is widely accepted in many countries. Considering its potential to contribute a significant amount of money to the GDP, many countries are considering legalizing gambling activities across the world. The per capita GDP in several developing countries is on the rise due to increased industrialization, which is resulting in the growth of the GDP output. Thus, the growing popularity of gambling activities can also be attributed to the above paradigm. Following are some of the countries that witness high GDP per capita growth during the period 2015−2017: Real GDP per Capita Growth in Several Asian Developing Countries 2015–2017
Increasing Number of Live Casinos in United Kingdom Growth in the number of live casino gaming presents a lucrative opportunity for gaming equipment manufacturers to expand their product base as well as bring innovative, more reliable, and sturdy (lasting for 24-hr operation) products in the Casino Gaming Equipment Market. Live casinos have been very popular among gamblers worldwide. These casinos offer live dealers and real-time feeds that help in replicating the experience and feel of a real-world land-based casino. These casinos are becoming popular among the high-end paying customers who have been using real money in the past. These casinos offer the same range of games that are available at a land-based casino such as poker, blackjack, among others. Live casinos are gaining popularity worldwide, especially in the UK where online gambling has become very popular. Live casinos are gaining immense adoption among customers, and major players such as Ladbrokes, William Hill, and Paddy Power Betfair are already offering such experience. Live casinos are also getting popularity on mobiles and vendors have launched a dedicated mobile application for the live casino games. High-speed network and modern technology incorporated into smartphones and tablets have made it easy to stream the same high-quality mobile casino games on smartphones and tablets. Gaming equipment manufacturers are expected to be benefited from growth in the live casino gaming market during the forecast period. Growing Demand for Electronic Gaming Tables in United States Traditional casino gaming equipment has been improved with the help of technology and has witnessed significant innovation over a period of time. Electronic gaming table or EGT offers several unique features such as improved performance and portability in order to maximize the customer experience. This has led to a noticeable increase in demand for EGT in the Casino Gaming Equipment Markets worldwide. EGTs were considered as a low-rent district of table games in the US. Previously, it was found prominently in markets such as that of Pennsylvania, which back then did not allow traditional tables. However, the demand and popularity of these tables have changed drastically in recent times owing to change in role of EGTs over the last few years. Currently, casinos in the US are demanding more EGTs because it provides: • Improved customer experience • Ability to draw demand from millennials • More comfortable, more private, and more enjoyable gameplay Seeking the popularity of these tables, several prominent vendors of the Casino Gaming Equipment Market have started manufacturing EGTs. One of the key vendors, Scientific Games offers EGTs as Fusion and iTable. In addition, vendors in the North American market are also planning to expand their product portfolio in order to capitalize the rising demands in the Casino Gaming Equipment Market. Volatility in Raw Material Prices Affecting Vendor Margins Raw materials constitute the single largest cost component in the casino gaming equipment market. Also, these costs comprise approximately 40−60% of the overall cost of production for these products. Prices of major raw materials used to manufacture various gaming equipment such as steel, aluminum, plastic, and copper have increased significantly over the past few years. The volatility of raw material prices poses a serious threat to vendor profit margins. Other operating expenses such as wages of labor are also witnessing a sharp increase. Rising raw materials cost increases the manufacturing cost by another band of 5–7%, which, in turn, reduces profitability. All these factors are burdening vendors striving to produce highly-efficient gaming equipment and solutions at affordable costs to cope with increasing competition in the Casino Gaming Equipment Market. Low Internet Penetration Affecting Growth of Online Live Gambling in APAC Region The market for online live gambling has been highly concentrated in the US and the Western European countries such as the UK, France, Germany, and Italy. Meanwhile, the low penetration of fast internet connections in developing economies is another issue that the Casino Gaming Equipment Market will face while witnessing growth in the developing economies such as India and China. India and China are the largest markets in terms of internet users with China having a whopping 772 million internet users and India with 460 million internet users. However, six countries including India, Indonesia, Nigeria, Pakistan, Bangladesh, and China together account for 55% of the global population that are still offline. With Internet access is approaching these countries, issues remain with connectivity and speed. About 3.6 billion were not using the internet. Low penetration of internet is expected to hinder the Casino Gaming Equipment Market growth in these economies. However, these countries have initiated their national plans to boost internet connectivity to make their economies digitized in the near future. Thus, the market may expect to witness a latent demand from these countries during the forecast period.
Country 2015 2016 2017 Uzbekistan 6.6% 7.8% 5.3% China 6.5% 6.7% 6.9% Myanmar 6.1% 5.9% 6.4% India 5.8% 7.1% 6.6% Vietnam 6.7% 6.2% 6.8% Cambodia 5.3% 7.0% 6.8% Bangladesh 5.3% 7.1% 7.3%
Casino Gaming Equipment Market Segment AnalysisBased on Product Type, the casino gaming equipment market is segmented into slot machines, video lottery terminal, video poker machines, and others. The slot machines segment gained major traction in the casino gaming equipment market in 2021. However, the video poker machines segment is expected to grow at a higher CAGR during the forecast period. The slot machine segment is expected to witness substantial growth during the forecast period, thanks to rise in popularity of casinos and gambling across the globe. Increase in popularity of reconfigurable electronic gaming machines is expected to impact growth of the slot machine segment during the forecast period. Moreover, high adoption of radical skill-based machineries and launch of new and advanced games has created numerous opportunities for major players to expand and introduce new products in the Casino Gaming Equipment Market. Based on Installation, the casino gaming equipment market is segmented into installed inside casino and installed outside casino. The installed inside casino segment accounted for the highest revenue in 2021. However, the installed outside casino segment is expected to grow at the fastest rate during the forecast period. 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. In addition, land-based gaming supply business is significantly impacted by the rate at which casinos and other gaming operators replace their gaming machines, which depends on a number of factors, such as capital budgets. Virtually all sectors of the gaming industry are impacted by changes in economic conditions since it impacts disposable incomes. Moreover, casino operators have the ability to fully automate use of software across the casino floor. This enables them to create rules, schedule, automate, and manage all real-time promotional campaigns targeted to players, when they are at slot machines.
Casino Gaming Equipment Market Regional InsightsIn 2021, North America held the highest market share, in terms of revenue and unit shipment, and dominated the Casino Gaming Equipment market. North America was led by the US where gambling is highly popular. Growing demand for EGTs have also led to vendors increasing footprints in the Casino Gaming Equipment Market. The US nationals are known for their preference for gambling. Gambling activities have been popular among Americans. Las Vegas, Nevada is one of the largest casino markets in the world. Factors such as high spending power of the baby boomers and Gen X, increased adoption of smartphones, inclination toward new technology, and high urbanization are driving the growth of the casino gaming equipment market in North America. In 2021, APAC held a significant Casino Gaming Equipment Market share, in terms of revenue and unit shipment. APAC was led by China SAR, Japan, Australia, and South Korea which are also on their way to become significantly large markets for gambling. APAC is expected to grow at the fastest growth rate during the forecast period. Although the Casino Gaming Equipment market has not even reached its quarter of potential, the region is the largest market for gambling activities in the world. In APAC, emerging countries such as India are witnessing traction for gambling activities such as sports betting and poker games. Macau, in APAC, is the largest regional market for gambling. In 2021, Europe was the third largest revenue contributor of the global casino gaming equipment market as well as global Casino Gaming Equipment market, accounting for a significant market share, in terms of revenue and unit shipment. Gambling activities have remained popular in many European countries with the UK, Germany, and France leading the market growth in the region. The region is expected to grow at a significant growth rate during the forecast period. South America accounted for a significant Casino Gaming Equipment Market share, in terms of revenue and unit shipment, in 2021. Argentina is the largest market for gambling in the region. Brazil is expected to legalize gambling in the country during the forecast period. The Middle East Casino Gaming Equipment Market for gambling is dominated by their cultural aspects and religion. The governments in many Middle Eastern countries have banned gambling in their respective regions citing religious concerns. However, countries such as Egypt have legalized the gambling activities. The growing youth population and increasing millennial population are also expected to drive the Casino Gaming Equipment market in the region.
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Casino Gaming Equipment Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 12.27 Bn. Forecast Period 2022 to 2029 CAGR: 5.6% Market Size in 2029: US $ 18.97 Bn. Segments Covered: by Product Type • Slot Machine • Video Lottery Terminal • Video Poker Machine • Others by Installation • Installed Inside Casino • Installed Outside Casino
Global Casino Gaming Equipment Market Key Players 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. • The Novomatic AG Group • Scientific Games Corporation • Gaming Partners International Inc. • Konami Holdings Corporation • Abbiati Casino Equipment S.r.l. • Flutter Entertainment plc • AGS LLC • Aruze Gaming America, Inc. • Agtslots • Caesars Entertainment • Las Vegas Sands Corporation • Melco International Development Limited • TCSJOHNHUXLEY Frequently Asked Questions: 1] What is the growth rate of the Global Casino Gaming Equipment Market? Ans. The Global Casino Gaming Equipment Market is growing at a significant rate of 5.6% during the forecast period. 2] Which region is expected to have the highest growth rate in the Global Casino Gaming Equipment Market? Ans. The North America region is expected to hold the highest growth rate in the Casino Gaming Equipment Market during the forecast period. 3] What is the market size of the Global Casino Gaming Equipment Market by 2029? Ans. The market size of the Casino Gaming Equipment Market by 2029 is expected to reach USD 18.97 Bn. 4] What are the major key players of the Global Casino Gaming Equipment Market? Ans. The major key players of the Global Casino Gaming Equipment Market are PLAYAGS, INC., Incredible Technologies, Inc., International Game Technology Plc., Everi Holdings Inc., Aristocrat Leisure Ltd, and Euro Games Technology Ltd. 5] What factors are driving the growth of the Global Casino Gaming Equipment Market in 2021? Ans. The introduction of augmented reality (AR) and virtual reality (VR), and growth in demand for server-based/electronic gaming systems are the major factors expected to drive the Global Casino Gaming Equipment Market during the forecast period.
1. Global Casino Gaming Equipment Market Size: Research Methodology 2. Global Casino Gaming Equipment Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Casino Gaming Equipment Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Casino Gaming Equipment Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Casino Gaming Equipment Market Size Segmentation 4.1. Global Casino Gaming Equipment Market Size, by Product Type (2021-2029) • Slot Machine • Video Lottery Terminal • Video Poker Machine • Others 4.2. Global Casino Gaming Equipment Market Size, by Installation (2021-2029) • Installed Inside Casino • Installed Outside Casino 5. North America Casino Gaming Equipment Market (2021-2029) 5.1. North America Casino Gaming Equipment Market Size, by Product Type (2021-2029) • Slot Machine • Video Lottery Terminal • Video Poker Machine • Others 5.2. North America Casino Gaming Equipment Market Size, by Installation (2021-2029) • Installed Inside Casino • Installed Outside Casino 5.3. North America Casino Gaming Equipment Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Casino Gaming Equipment Market (2021-2029) 6.1. Europe Casino Gaming Equipment Market, by Product Type (2021-2029) 6.2. Europe Casino Gaming Equipment Market, by Installation (2021-2029) 6.3. Europe Casino Gaming Equipment Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe 7. Asia Pacific Casino Gaming Equipment Market (2021-2029) 7.1. Asia Pacific Casino Gaming Equipment Market, by Product Type (2021-2029) 7.2. Asia Pacific Casino Gaming Equipment Market, by Installation (2021-2029) 7.3. Asia Pacific Casino Gaming Equipment Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest of APAC 8. Middle East and Africa Casino Gaming Equipment Market (2021-2029) 8.1. Middle East and Africa Casino Gaming Equipment Market, by Product Type (2021-2029) 8.2. Middle East and Africa Casino Gaming Equipment Market, by Installation (2021-2029) 8.3. Middle East and Africa Casino Gaming Equipment Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest of ME&A 9. South America Casino Gaming Equipment Market (2021-2029) 9.1. South America Casino Gaming Equipment Market, by Product Type (2021-2029) 9.2. South America Casino Gaming Equipment Market, by Installation (2021-2029) 9.3. South America Casino Gaming Equipment Market, by Country (2021-2029) • Brazil • Argentina • Rest of South America 10. Company Profile: Key players 10.1. PLAYAGS, INC. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Incredible Technologies, Inc. 10.3. International Game Technology Plc. 10.4. Everi Holdings Inc. 10.5. Aristocrat Leisure Ltd 10.6. Euro Games Technology Ltd 10.7. GameBridge casino equipment 10.8. Jackpot Digital Inc. 10.9. Matsui Gaming Machine Co., Ltd. 10.10. The Novomatic AG Group 10.11. Scientific Games Corporation 10.12. Gaming Partners International Inc. 10.13. Konami Holdings Corporation 10.14. Abbiati Casino Equipment S.r.l. 10.15. Flutter Entertainment plc 10.16. AGS LLC 10.17. Aruze Gaming America, Inc. 10.18. Agtslots 10.19. Caesars Entertainment 10.20. Las Vegas Sands Corporation 10.21. Melco International Development Limited 10.22. TCSJOHNHUXLEY