The casino gaming equipment global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Casino Gaming Equipment Market, 2024The casino gaming equipment global market report 2024
Market Size –
The casino gaming equipment market size has grown strongly in recent years. It will grow from $11.94 billion in 2023 to $12.59 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to increasing disposable incomes, tourism industry expansion, legalization and regulation of casinos, and increasing social acceptance.
The casino gaming equipment market size is expected to see strong growth in the next few years. It will grow to $15.76 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to the growth of online and mobile gaming, enhanced security features, tourism recovery post-pandemic, and increasing adoption of cashless payments. Major trends in the forecast period include increasingly integrating advanced technologies, online and mobile gaming, enhanced security features, growth of personalized gaming experiences, sustainability and eco-friendly practices, and innovative game formats.
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Scope Of Casino Gaming Equipment MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Casino Gaming Equipment Market Overview
Market Drivers –
The increasing number of gambling activities is expected to propel the growth of the casino gaming equipment market going forward. Gambling activities refer to various forms of betting and wagering in which participants risk money or valuables on uncertain outcomes, often involving games of chance or skill. These activities are fueled by factors such as people seeking entertainment during their free time, the convenience of online platforms, and the allure of potentially significant financial gains. Casino game equipment is essential in gambling activities as it facilitates and manages various games, providing the necessary tools for gameplay, betting, and ensuring fairness in games such as slot machines, table games, and electronic terminals. For instance, in December 2022, according to the European Gaming and Betting Association, a Belgium-based trade association, with a 23% increase from 2021 to 2022, the gross gaming revenue in Europe’s gambling sector stabilized at €108.5 billion ($118.4 billion). Therefore, the increasing number of gambling activities is driving the growth of the casino gaming equipment market.
Market Trends –
Major companies operating in the casino game equipment market are focused on developing innovative products, such as big-screen slot machines, to enhance gaming experiences and attract more players. A big-screen slot machine is an advanced machine designed with a larger display screen than traditional machines. These machines typically feature high-definition graphics, interactive elements, and more engaging visual and audio effects to enhance the gaming experience. For instance, in December 2023, Barona Resort & Casino, a US-based 3-star hotel, partnered with Konami Gaming Inc., a US-based manufacturer of slot machines, and launched a new Dimension 43×3 machine. This cutting-edge machine features an expansive, high-definition display that offers vivid, immersive graphics and interactive animations, creating a captivating visual experience for players. The big-screen format allows for enhanced game presentations, including multi-layered bonus rounds and complex game mechanics designed to engage and entertain. The slot machine incorporates advanced touch-screen technology for intuitive player interaction and customizable game settings.
The casino gaming equipment market covered in this report is segmented –
1) By Type: Gaming Chips, Slot Machines, Casino Tables, Video Poker Machines, Other Types
2) By Installation: Installed Inside Casino, Installed Outside Casino
3) By Mode Of Operation: Floor Mounted, Portable
4) By End-User: Standalone Casino, Hotel Casino, Cruise and Riverboat Casino, Other End Users
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Regional Insights –
North America was the largest region in the global casino gaming equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the casino gaming equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are Caesars Entertainment Inc., Flutter Entertainment plc, International Game Technology plc, Las Vegas Sands Corporation, Aristocrat Leisure Ltd., Novomatic AG, Scientific Games Inc., Light and Wonder Inc., Konami Group Corporation, Melco International Development Limited, Everi Holdings Inc., AGS LLC, PlayAGS Inc., Euro Games Technology Ltd., Ainsworth Game Technology Limited, Incredible Technologies Inc., TCS John Huxley Europe Limited, Aruze Gaming America Inc., Gaming Partners International Inc., Abbiati Casino Equipment S.r.l., Gamebridge Casino Equipment, Matsui Gaming Machine Co. Ltd., Angel Group Co. Ltd., Jackpot Digital Inc.
Table of Contents
1. Executive Summary
2. Casino Gaming Equipment Market Characteristics
3. Casino Gaming Equipment Market Trends And Strategies
4. Casino Gaming Equipment Market – Macro Economic Scenario
5. Global Casino Gaming Equipment Market Size and Growth
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32. Global Casino Gaming Equipment Market Competitive Benchmarking
33. Global Casino Gaming Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Casino Gaming Equipment Market
35. Casino Gaming Equipment Market Future Outlook and Potential Analysis
36. Appendix
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