New York, June 17, 2021 (GLOBE NEWSWIRE) – Casino Gaming Machine Market Review: According to a Comprehensive Research Report by Market Research Future (MRFR) “Casino Gaming Equipment Market Research Report, Type, Service, Technology End User and Region – Forecast to 2027 ” The market is expected to reach around $ 20 billion and will reach a CAGR of around 5.5% over the forecast period. (2020-2027)
The main drivers of the increasing demand for casino gaming equipment include increasing digitalization trends, higher disposable income and changing lifestyles around the world. In addition, the growing construction of new casino centers around the world, as a result of the increasing demand for gambling, is predicted to fuel the demand for casino gambling equipment in the world market.
During the planned period, the significant advancement in slot machine technology and the proliferation of reconfigurable electronic gaming machines are expected to provide opportunities for global players in the market. International Game Technology PLC (IGT), Aristocrat Leisure, Scientific Games Corporation, Novomatic and Gaming Partners International Corporation are the largest manufacturers of casino gaming devices in the world market. You mainly focus on product development and the formation of strategic collaborations with participants in the gaming industry.
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Prominent actors portrayed in this report include –
- International Game Technology PLC (IGT) (Great Britain)
- Aristocrat Leisure (Australia)
- Scientific Games Corporation (USA)
- Novomatic (Austria)
- Gaming Partners International Inc. (USA)
- Incredible Technologies Inc (USA)
- Konami Holdings Corporation (Japan)
- PlayAGS (USA)
- Everi Holdings Inc. (USA)
- Abbiati Casino Equipment Srl (Italy).
Search through the extensive market research report (100 pages) for Casino Gaming Equipment
https://www.marketresearchfuture.com/reports/casino-gaming-equipment-market-8194
Impact of COVID-19 on the global casino gaming device market
To curb the spread of COVID-19, government officials in many developing and developed countries have imposed rigorous measures such as partial or total bans. The manufacture of casino gaming machines and the provision of related facilities were restricted to permissible limits during the lockdown. Several retail stores and e-commerce sites were closed during the lockdown period. These factors have harmed the global economy and the casino gaming machine industry. The availability of such devices was severely limited, which led to a significant discrepancy between supply and demand. The COVID-19 pandemic has disrupted the supply chains of various casino gaming machine manufacturers around the world and hampered business growth. Several companies are also suffering from liquidity problems that could lead to the complete closure of their manufacturing facilities. Financially strong companies, on the other hand, were able to maintain operations after the pandemic. Global demand and availability of goods is critical to the growth of the casino gaming equipment industry.
According to the MRFR analysis, the greater risk of a global economic slowdown in the coming year will put additional pressure on the demand for casino gaming machines. Gaming Partners International, Inc. (USA), International Game Technology PLC (UK), Scientific Games Corporation (USA), and Konami Holdings Corporation (Japan) are among the top industry players that are forecast to have significant market shares in terms of make up sales. The market was expected to calm down by the fourth quarter of 2020. As demand is expected to gradually stabilize throughout the projection horizon, industry participants are expected to increase their production capacities.
Market segmentation
The global casino gaming device market has been segmented by type and application.
Based on Type, the Worldwide Casino Gaming Machine Market has been divided into Gaming Chips, Slot Machines, Casino Tables, Video Poker Machines, and others. Significant growth in value on the world market is expected for the gaming chips segment in the forecast period.
Based on the application, the worldwide casino gaming machines market has been divided into casinos, shopping malls, and others. The casino segment is expected to lead the world market in the forecast period.
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Regional analysis
Geographically, the global casino gaming machine industry has been divided into four regions: North America, Europe, Asia-Pacific, and the rest of the world.
The Asia-Pacific region is expected to retain a significant market share over the projection horizon due to the presence of various manufacturers of casino gaming devices. Europe, on the other hand, is expected to grow dramatically due to strict government regulations and increased demand for offline games from Russia, Germany, Spain and France.
Competitive landscape
The global casino gaming equipment industry is highly competitive and fragmented, with various companies operating around the world. The companies used various strategies to expand their global reach and gain a foothold in the world market. The main strategy of these organizations includes expansions, investments and acquisitions.
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Segmentation of the Market Covered In Research:
Information by Type (Chips, Slots, Casino Tables, Video Poker Machines, and Others), Application (Casino, Mall, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World)
About the future of market research:
Market Research Future (MRFR) is a global market research firm that prides itself on its services and offers complete and accurate analysis in relation to various markets and consumers worldwide. Market Research Future has the outstanding goal of offering customers optimal research quality and granular research. Our market research studies for products, services, technologies, applications, end-users, and market participants for global, regional, and country-specific market segments enable our customers to see more, know more, and do more to answer your key questions.
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