Global Casino Gaming Equipment Market 2017-2021
About Casino Gaming Equipment
The global casino gaming equipment market is expected to grow at a CAGR of 15.25% during the forecast period. The easing of government regulations related to casino markets is one of the major factors contributing to the growing demand for casino gaming equipment. Many countries, such as Japan, are aiming at legalizing casino gaming because of the growing popularity of gambling and the high revenue contribution from casinos globally. The market growth is also driven by factors such as the increasing middle-class population and rising disposable income. This rise in demand for gambling games is leading to an increase in the construction of new casino centers across the world. For instance, Marina Bay Sands, which opened in April 2010, generated a revenue of $1.06 billion from the casino in 2010 and more than $2.3 billion in 2015.
Technavio’s analysts forecast the global casino gaming equipment market to grow at a CAGR of 15.25% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global casino gaming equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of casino gaming equipment.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Casino Gaming Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global casino gaming equipment market: Aristocrat Leisure, Novomatic, Galaxy Entertainment, GTECH, and Scientific Games
Other Prominent Vendors in the market are: Amatic Industries, Ainsworth Game Technology, APEX Gaming Technology, Astro Gaming, Everi Holdings, Gaming Partners International, Interblock, Konami Gaming, and Universal Entertainment
Commenting on the report, an analyst from Technavio’s team said: “Virtual reality (VR) is an emerging technology that has applications in various industries such as education, entertainment, and gaming. VR also has applications in the gambling industry. Currently, the penetration of VR technology is limited, with very few gambling providers adopting the technology. SlotMillion, an online gambling provider, is one of the few vendors that entered the VR casino market. Vendors like CasinoVR provide VR poker for VR headsets like Gear VR and Oculus Rift. In addition, vendors such as NetEnt AB and Microgaming provide VR solutions for the gambling industry. With the adoption of VR technology in the gambling industry, the market will likely observe the entry of many new players, which will pose a challenge for the existing vendors. VR technology will be a game changer for the global casino market.”
According to the report, there is a shift in demand from ordinary casino gaming equipment to smart casino gaming equipment. The increasing digitalization in the majority of the entertainment segments such as gaming and movies has been a major factor attracting the population belonging to the younger age group (18-35). They are attracted more to innovative games. Casino players are analyzing and integrating games like Call of Duty and Angry Birds into casinos and gradually replacing the functioning of slot machines. The technologically advanced slot machines shed out jackets according to the skill level of the players. Furthermore, a number of casinos are introducing continuous shuffling machines, which increase the game speed and eliminate the need for card counters.
Further, the report states that the design and the technology involved in the manufacture of casino gaming equipment is complex. Unlike other gaming hardware or electronic gadgets, casino gaming equipment is custom-made. It is designed as per a casino's requirements. Casinos have different themes and have their own set of games. The designing and customizing of casino equipment is a complex process, which is a challenge for vendors. Vendors in the casino gaming equipment market cannot mass produce casino gaming equipment. The complex design and technology used in the manufacture of the equipment increases the overall cost of manufacturing, which raises the final price of the product.
Aristocrat Leisure, Novomatic, Galaxy Entertainment, GTECH, Scientific Games, Amatic Industries, Ainsworth Game Technology, APEX Gaming Technology, Astro Gaming, Everi Holdings, Gaming Partners International, Interblock, Konami Gaming, Universal Entertainment.