Global Casino Gaming Equipment Market Share Report 2024, Forecast To 2033
10 Oct, 2024
The casino gaming equipment market has also grown, rising from $11.94 billion in 2023 to $12.59 billion in 2024, with a CAGR of 5.5%. This growth can be attributed to factors such as rising disposable incomes, the expansion of tourism, the legalization of casinos, and growing social acceptance of gaming. Looking forward, the market is projected to reach $15.76 billion by 2028, with a CAGR of 5.8%. The growth will be driven by the expansion of online and mobile gaming, the introduction of enhanced security features, the recovery of the tourism industry post-pandemic, and the increasing use of cashless payment methods. Key trends expected to shape the market include the integration of advanced technologies, personalized gaming experiences, sustainability initiatives, and the innovation of new game formats.
Major Driver In The Casino Gaming Equipment Market
The increasing number of gambling activities is expected to propel the growth of the casino gaming equipment market going forward. Gambling activities encompass various forms of betting and wagering where 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 leisure 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 gameplay and ensures fairness in games such as slot machines, table games, and electronic terminals. According to the European Gaming and Betting Association, the gross gaming revenue in Europe's gambling sector stabilized at €108.5 billion ($118.4 billion) in 2022, reflecting a 23% increase from 2021. Therefore, the increasing number of gambling activities is driving the growth of the casino gaming equipment market, which is projected to reach a market size of $X billion in 2023, $Y billion in 2024, and $Z billion in 2028.
Request A Free Sample Of The Casino Gaming Equipment Market ReportCasino Gaming Equipment Market Competitive Landscape
Major companies operating in the casino gaming equipment 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.
Key Casino Gaming Equipment Market Trend
Major companies in the casino game equipment market are focused on creating innovative products, such as big-screen slot machines, to enhance gaming experiences and attract more players. A big-screen slot machine is a sophisticated device designed with a larger display than traditional machines, typically featuring high-definition graphics, interactive components, and more engaging visual and audio effects to enrich the gaming experience. For instance, in December 2023, Barona Resort & Casino, a U.S.-based three-star hotel, partnered with Konami Gaming Inc., a U.S. manufacturer of slot machines, to introduce a new Dimension 43x3 machine. This cutting-edge machine boasts an expansive, high-definition display that delivers 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 also incorporates advanced touchscreen technology for intuitive player interaction and customizable game settings.
Purchase The Global Casino Gaming Equipment Market Report Directly And Get A Swift DeliveryGlobal Casino Gaming Equipment Market Segmentation
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
By Geography:The regions covered in the casino gaming equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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 Casino Gaming Equipment Global Market Report 2024 furnishes information about the global casino gaming equipment market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.