Casino Gaming Equipment Market

Increase in Casinos Around the World is Driving the Market Growth

The commercial casino industry has seen significant growth in recent decades. Changes brought about by modern society's technical improvements were blamed for the growth. The legalization of gambling-related activities in various countries worldwide and the expansion of the experience economy have led to regulated casinos expanding into new areas and bringing in record amounts of money. Many nations have authorized commercial casino gambling, mostly because they regard it as a tool for fostering economic growth. The benefits include rising local retail sales, tax revenue for state and local governments, and job expansion.

Therefore, an increase in casinos directly affects the industry that produces casino gaming equipment.

The casino gaming equipment market CAGR is expanding mostly due to the increasing vendor involvement in the casino gambling industry. The market's sellers are taking advantage of the opportunities presented by the increase in casinos by offering services and goods to assist casino gambling.  Vendors competing in the global market for casino gaming equipment are increasingly emphasizing growing their product portfolios through new product launches, which boosts both vendor market shares and sales of casino gaming equipment. By releasing new versions of casino gaming equipment with enhanced functionality, the market's producers hope to draw in more customers.

Thus, the launch of new models aids in boosting sales, which will favorably impact the expansion of the world market for gaming equipment in casinos throughout the forecast period.

The introduction of cutting-edge display solutions as a major trend is fueling the expansion of the market for gaming equipment used in casinos. Due to their ease of use and upgradeability, electronic gaming machines are gaining popularity in modern casinos. Compared to earlier models, the signage on the market's current offers for casino gaming equipment, such as slot machines, is bigger, taller, wider, more distinctively designed, and of greater resolution. For instance, Everi recently unveiled its Empire Flex video platform, which sits atop the company's Empire MPX base and has a 49-inch flexed display.

It boasts 4K content, flexible integrated light bars exclusive to the industry, and a sizable, improved glass button deck. Samurai Beauty, a massive slot machine with V.I.P. Lounge Curve 1.43 cabinets set up against a double-sided 4x3 LED screen video wall showing game-specific, choreographed content for high-visibility game presentation, was released by NOVOMATIC in October 2019. In addition, Scientific Games unveiled Wave XL Horizon in October 2019, which combines a large 65-inch concave screen with a lower 49-inch curved display. Thus, driving the casino gaming equipment market revenue.

Emerging markets are becoming increasingly influential in the Global Casino Gaming Equipment Market Industry. Countries in Asia and Latin America are witnessing a surge in casino establishments, driven by tourism and local demand. This growth presents substantial opportunities for equipment manufacturers as they seek to cater to the unique preferences of these markets. The projected market value of 7.5 USD Billion in 2024 underscores the potential for expansion in these regions. As these markets mature, they are likely to adopt advanced gaming technologies, further driving demand for innovative equipment.

Regulatory changes play a pivotal role in shaping the Global Casino Gaming Equipment Market Industry. Governments worldwide are increasingly recognizing the economic benefits of legalized gaming, leading to the establishment of more favorable regulations. For instance, jurisdictions that have recently legalized online gaming have witnessed a surge in revenue, which in turn drives demand for advanced gaming equipment. This trend is expected to contribute to the market's growth, with projections indicating a rise to 12.0 USD Billion by 2035. As regulations evolve, they may create new opportunities for equipment manufacturers and operators alike.

The Global Casino Gaming Equipment Market Industry is poised for substantial growth, with projections indicating a market value of 12.0 USD Billion by 2035. This anticipated growth is underpinned by various factors, including technological advancements, regulatory changes, and increasing consumer spending. The compound annual growth rate of 4.35% from 2025 to 2035 suggests a steady upward trajectory for the industry. As the market evolves, stakeholders must remain vigilant to emerging trends and adapt their strategies accordingly to capitalize on the expanding opportunities.

The expansion of online gaming is a critical driver for the Global Casino Gaming Equipment Market Industry. As more players turn to online platforms for their gaming experiences, the demand for sophisticated gaming equipment that supports these platforms is increasing. This shift is not only enhancing accessibility but also broadening the market reach for operators. The growth of online gaming is expected to contribute significantly to the overall market value, with projections indicating a rise to 12.0 USD Billion by 2035. This trend highlights the necessity for equipment manufacturers to innovate and adapt to the changing landscape of gaming.

The Global Casino Gaming Equipment Market Industry is experiencing a notable transformation driven by rapid technological advancements. Innovations such as virtual reality and augmented reality are reshaping the gaming experience, attracting a younger demographic. Furthermore, the integration of advanced analytics and artificial intelligence enhances operational efficiency and customer engagement. This shift is reflected in the projected market value of 7.5 USD Billion in 2024, indicating a robust growth trajectory. As casinos adopt these technologies, they not only improve player experience but also streamline operations, suggesting a potential for sustained growth in the coming years.

The rise in disposable income among consumers is significantly impacting the Global Casino Gaming Equipment Market Industry. As individuals have more disposable income, they are likely to spend on leisure activities, including casino gaming. This trend is particularly evident in emerging markets, where a growing middle class is driving demand for gaming experiences. The anticipated compound annual growth rate of 4.35% from 2025 to 2035 suggests that as disposable income continues to rise, so too will the investment in gaming equipment. This correlation indicates a promising outlook for the industry as consumer spending habits evolve.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American casino gaming equipment market area will dominate this market. Due to the enormous demand for mass-market gaming equipment in the area, the United States has been the industry leader and home to most casinos worldwide for many years. Additionally, to draw in a sizable client base in the area, casino gaming companies are implementing technology like augmented reality (AR) and virtual reality (VR) in their games. Furthermore, end users' strong purchasing power aid the market's expansion and technological advancement.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Global Casino Gaming Equipment Market Share By Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe casino gaming equipment market accounts for the second-largest market share. There are many casinos in Germany, Spain, and Italy in addition to those in France and the United Kingdom. The biggest and most competitive gaming business, nevertheless, is online gambling. The European Union held a 49.2% market share for international online gambling in 2018, according to the European Gaming and Betting Association (EGBA). The expansion is being fueled by shifting legal environments in European nations, most of which have specific legislation for online gambling.

Further, the German casino gaming equipment market held the largest market share, and the UK casino gaming equipment market was the fastest growing market in the European region

The Asia-Pacific Casino gaming equipment Market is expected to grow at the fastest CAGR from 2023 to 2032. The World Sentosa and Marina Bay Sands in Singapore are two well-known casino resorts in the Asia-Pacific region. Gambling earnings have increased due to the expansion of gambling legalization. The Asian gambling business has also traditionally been linked to Macau's resort casinos and flashy lights. Even though China is the largest gaming market in the area, other Asian countries are slowly but surely growing and providing new opportunities for businesses hoping to prosper in the gambling industry.

Moreover, China’s casino gaming equipment market held the largest market share, and the Indian casino gaming equipment market was the fastest growing market in the Asia-Pacific region.

Leading market players of casino gaming equipment market are investing heavily in research and development in order to expand their product lines, which will help the casino gaming equipment market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, casino gaming equipment industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global casino gaming equipment market to benefit clients and increase the market sector. In recent years, the casino gaming equipment industry has offered some of the most significant advantages to market.

Major players in the casino gaming equipment market attempting to increase market demand by investing in research and development operations include 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).

The industry leader in gaming is IGT. It provides players with enjoyable and responsible gaming experiences across all regulated channels and market categories, including digital, lotteries, gaming machines, and sports betting. Its solutions provide unparalleled gaming experiences that engage players and spur growth by leveraging a plethora of appealing content, significant investment in innovation, player analytics, operational expertise, and cutting-edge technology. They have a strong local presence and connections with authorities in more than 100 nations across the world. They add value by upholding the greatest accountability, integrity, and service standards.

In January 2023, the debut of International Game Technology's (IGT) new Virtual Sports platform, which provides a selection of virtual sports betting games, was announced.

One of the top suppliers of gaming solutions worldwide, Aristocrat Leisure Limited is an ASX20 listed business. They have licenses in more than 300 jurisdictions and do business in more than 90 nations. They take great pride in their team of over 7000 employees that consistently push the boundaries of innovation, creativity, and technology to produce remarkable results. Along with electronic gaming machines, social gaming, and casino management systems, it offers a wide range of other goods and services.