Casino Gaming Equipment Market 2022 Business Strategic Analysis to Boost Global Potential Growth by 2030
Casino Gaming Equipment Market -Overview
The rise in attendance in casinos around the world is
estimated to spur the Casino
Gaming Equipment Market 2022. The industrial automation &
equipment industry reports are produced by Market Research Future, Casino
Gaming Equipment Market is expected to reach around USD 10 billion and is
projected to witness ~5% CAGR during the forecast period, 2020–2027
The mounting digitization trends in the casino business are
estimated to increase the casino gaming equipment market share. The popularity
of casino equipment such as slot machines and video poker machines among others
are projected to enhance the overall global casino gaming equipment market in
the coming years.
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Competitive Analysis
The instability in the forces of demand and supply is
estimated to create a beneficial impact on the overall global market in the
forecast period. The restoration and everyday operations are estimated to take
some time, which will lead to intensive development of backlog in delivery. The
financial assistance provided by the government around the world and trade
bodies is estimated to salvage the situation in the coming years.
The downturn effects visible in the market are estimated to
stay a little longer due to the scale of impact on the global market. The need
for prudent analysis of the market trends and demand projections is estimated
to lead to formidable development in the market. The constraints of growth are
expected to be significant and considerable support will be needed to transform
the market effectively. The need to build sustainability into the core assets
of the companies will help companies’ battle situations like the current pandemic
more effectively.
The central competitors in the casino gaming equipment
market are Aristocrat Leisure (Australia), Gaming Partners International, Inc.
(US), Novomatic (Austria), Konami Holdings Corporation (Japan), PlayAGS (US),
Incredible Technologies Inc (US), International Game Technology PLC (IGT) (UK),
Everi Holdings Inc., (US), Scientific Games Corporation (US), and Abbiati
Casino Equipment S.r.l. (Italy) to name a few.
Industry Updates:
May 2020 TCS John Huxley Ltd, a casino equipment
manufacturer, announced it had introduced a “Care & Protect” product range
intended to assist gaming operators in guaranteeing they can provide their
patrons securely as venues resume after the shutdown owing to the Covid-19
pandemic. In a press release, the firm, which is United Kingdom-based, said one
of the first products in the range was a chip sanitizer.
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Market Segmental Analysis
The segmental scrutiny of the casino gaming equipment
market is segmented on the basis of application, region, and type. The
type-based segmentation of the casino gaming equipment market consists of video
poker machines, slot machines, casino tables, gaming chips, and others. The
application-based segmentation of the casino gaming equipment market comprises
of mall, casinos, and others. Based on the regions, the casino gaming equipment
market is segmented into the Asia Pacific, the Middle East, Latin America,
Europe, and North America.
Detailed Regional Analysis
The regional examination of the casino gaming equipment
market has been segmented into the casino gaming equipment market. The
Asia-Pacific regional market is anticipated to retain the principal share in
the casino gaming equipment market all the way through the forecast period.
Due to the boost in foreign funding in improving casino
gaming centers due to a vast population base and increasing growth in economies
such as China, Japan, and India is projected to augment the demand and sale of
casino gaming equipment. On the other hand, the regional market in Europe is
anticipated to observe extensive growth due to strict government standards and
rising demand for offline gaming from countries like Russia, Germany, Spain,
and France.
The North American region is also expected to show
considerable development in the impending period. The US is the most important
market in the North America regional casino gaming equipment market over the
forecast period owing to escalating investments for the advance of new and
upgradation of current casino gaming centers, particularly in Las Vegas and
Pennsylvania.
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