Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The Casino gaming equipment Market is inspired by using exceptional market aspects that play a pivotal position in shaping its conditions. One of the primary factors driving this marketplace is the growing demand for innovative and technologically advanced gaming equipment.
Moreover, monetary components extensively affect the casino gaming equipment marketplace. Economic balance and improvement contribute to more advantageous disposable income, leading to higher purchaser spending on amusement, together with online casino gaming. During monetary upturns, customers tend to have more discretionary earnings, which they will select to spend on leisure activities like playing. This, in flip, drives the demand for casino gaming equipment as casinos look to put money into new and upgraded technologies to draw and hold customers.
Legislation and regulatory factors also exert a tremendous impact on the casino gaming equipment marketplace. Global market developments also affect the casino gaming equipment market. The industry is interconnected on a global scale, with developments in a single area influencing others. For instance, the upward thrust of online gambling platforms has won momentum globally, impacting the demand for physical casino gaming equipment. Manufacturers need to adapt their strategies to cater to the evolving platforms of online and land-based casino gaming.
Lastly, customer possibilities and demographics contribute to the market conditions. As the demographic profile of casino-goers evolves, with younger generations displaying interest in unique forms of amusement, casinos must adapt by providing diverse gaming options. This includes updating and diversifying gaming devices to enchant a broader audience, encompassing both conventional and modern alternatives.
In this case, the casino gaming equipment marketplace is encouraged with the aid of a myriad of aspects ranging from technological advancements and financial situations to regulatory adjustments and worldwide trends.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 6.8 Billion |
| Market Size Value In 2023 | USD 7.14 Billion |
| Growth Rate | 5.00% (2023-2032) |
Casino Gaming Equipment Market Highlights:
Global Casino Gaming Equipment Market Overview
The casino gaming equipment market industry is projected to grow from USD 7.50 Billion in 2024 to USD 10.54 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.35% during the forecast period (2024 - 2032). Casino Gaming Equipment Market Size was valued at USD 7.14 Billion in 2023. Significant global market drivers in the casino gaming equipment industry are creating a favorable outlook for the market. Additionally, consumers' preference for electronic gaming tables over conventional casino tables is helping the business expand.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Casino Gaming Equipment Market Trends
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.
Casino Gaming Equipment Market Segment Insights
Casino Gaming Equipment Type Insights
The casino gaming equipment market segmentation, based on type includes Gaming Chips, Slot Machines, Casino Tables, Video Poker Machines and Others. The slot machines segment dominated the market. Multiple reels in slot machines rotate when a button is pressed. They are the most common gaming methods in casinos and also aid in identifying and validating the currency. The original slot machine concept has been modified by digital technology. Casino slot machines have progressed and developed into highly inventive casino business equipment with the advent of ultra-high definition screens, virtual reality, and over-engineered speakers. Players should have the opportunity to launch new products on the market due to innovations in these devices.
Casino Gaming Equipment Application Insights
The casino gaming equipment market segmentation, based on application, includes Casino, Mall and Others. The casino category generated the most income. Most casinos in operation today are land-based establishments with sizable clientele. These casinos draw more players since they have all the most up-to-date equipment and provide a variety of bonuses. In order to keep players interested, casinos are also launching a variety of new table and machine games.
Figure 1: Global Casino Gaming Equipment Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Casino Gaming Equipment Regional Insights
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.
Casino Gaming Equipment Key Market Players & Competitive Insights
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.
Key Companies in the casino gaming equipment market 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)
- Abbiati Casino Equipment S.r.l. (Italy)
Casino Gaming Equipment Industry Developments
In March 2024, there are thirty new slot machines added to the top Indiana casino floor at Hard Rock Casino on Gary's gaming, dining and entertainment destination, which included three new "Shamrock Fortunes" games with leprechauns and rainbows just in time for St. Patrick's Day on March seventeenth.
By March 2024, twenty-four architects and contractors moved closer to meeting their goal of finishing the construction of Harrah's Cherokee Valley Rivier Casino & Hotel. The most recent expansion reached record heights with the twelve-story hotel addition being prepared up to level eleven. Sheer walls and columns completed through the eleventh floor have been prepared up to the eleventh floor so that concrete could be poured into them level ten has progressed as well. As mentioned earlier First to sixth floors' interior framing is now underway. According to some sources, it should take no longer than until the last day of December next year for the hotel building process to be completed.
Kiowa Casino executives celebrated the opening of their new gaming area in March 2024 while officials revealed "The Showcase Lounge" that will have over forty new slot machines on March 18 after an event where walls were broken down as part of the ceremony.
In February 2024, Las Vegas was visited by the gambling giant IGT in a merger worth $6.2bn with Everi.
International Game Technology (IGT) broadened its sports betting business in September 2023 through a multi-year deal with Ponce Plaza Hotel & Casino that enabled it to enter Puerto Rico.
International Game Technology (IGT) has launched its Virtual Sports platform, which offers several virtual sports betting games. The company informed us about this fact on March 5, 2023.
February 2023: Aristocrat Leisure Limited, a major supplier of gaming devices and systems, announced the acquisition of Ainsworth Game Technology Limited.
January 2023: The Scientific Games Corporation has debuted its brand-new iGame360 platform, providing fresh and cutting-edge casino games.
August 2022: PlayAGS Inc., a manufacturer of slot machines, accepted Inspired Entertainment's bid to purchase it for USD 370 million. PlayAGS was purchased by Inspired Entertainment for USD 10 per share in cash.
May 2022: The soon-to-open NUSTAR Resort and Casino in Cebu, the Philippines, will use the IGT ADVANTAGE casino management system as well as several other top IGT games and cabinets, according to an announcement from International Game Technology PLC.
Casino Gaming Equipment Market Segmentation
Casino Gaming Equipment Type Outlook
- Gaming Chips
- Slot Machines
- Casino Tables
- Video Poker Machines
- Others
Casino Gaming Equipment Application Outlook
- Casino
- Mall
- Others
Casino Gaming Equipment Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
