Slot Machine Market Size To Grow By USD 8.91 Billion | Growing involvement of vendors in the market to drive market growth


NEW YORK, December 10, 2021 / PRNewswire / – The “Slot Machines Market by Product and Geography – Forecast and Analysis 2021-2025“has been added to Technavio’s offering. With ISO 9001: 2015 certification, Technavio is proud to partner with more than 100 Fortune 500 companies for over 16 years.

Attractive Opportunities in the Slot Machine Market by Product and Geography – Forecast and Analysis 2021-2025

The difference in potential growth for the slot machine market between 2020 and 2025 is $ 8.91 billion, according to Technavio’s latest report. The report also identifies the market to grow at an accelerated growth rate at a CAGR of 12.14% during the forecast period.

To get the exact annual growth variance and the growth rate YOY, Talk to our analyst.

Key market dynamics

The growing involvement of vendors in the market is one of the major market drivers likely to influence the growth of the market during the forecast period. An increasing number of casinos provide ample opportunity for vendors to offer casino related products and solutions to facilitate casino gaming. Suppliers operating in the global slot machine market are increasingly focusing on expanding their product portfolio with the launch of new products. Besides, they are also trying to attract more consumers by introducing new variations of slot machines with improved functionality. Thus, the introduction of new models helps to increase sales, which would positively influence the growth of the slot machine market. In addition, other factors such as legalization of gambling and expansion of casinos are expected to further accelerate the market growth during the forecast period.

The increasing number of fraud cases is one of the crucial factors that will limit the growth of the market. A significant threat to the entire gaming and gambling industry comes from illegal activities, which can drain large betting volumes from the regulated gambling industry. Tampering with slot machines is quite common among casino owners. The presence of gray machines threatens revenue generation in the gaming industry. If people choose to use the machines instead of spending money on lotteries or going to casinos, government revenue will be reduced. . In addition, other factors such as the popularity of other forms of gambling and the presence of a black market and gambling restrictions in many countries will limit the growth of the market during the period. forecast.

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Analysis of key market segments

The Slot Machine market report is segmented by Product (Digital & Mechanical) and Geography (Europe, North America, APAC, South America, and MEA). The digital products segment has dominated the slot machine market share in 2020 and will continue to dominate the market growth during the forecast period. Digital slot machines are considered to be very user-friendly equipment because they provide all the information in a commentary display format and help to play without any assistance or assistance. Such attributes have led to the widespread demand for these machines in casinos.

In terms of geography, Europe was the highest revenue regional slot machine market segment in 2020 and will continue to remain the largest growth contributor with 35% of the overall market growth during the forecast period. Great Britain, Italy, and France are the key markets for slot machines in Europe. However, the growth rate of the market in Europe will be slower than market growth in other regions. The changing regulatory landscape in European countries will facilitate the growth of the slot machine market in Europe over the forecast period.

See our sample report for additional information on the contribution of all segments and regional opportunities

Some companies mentioned

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Associated reports:

VR Game Market by Type and Geography – Forecast and Analysis 2021-2025

United States Lottery Market by Type and Platform – Forecast and Analysis 2021-2025

Casino and Gambling Market by Platform and Geography – Forecast and Analysis 2021-2025

Scope of the slot machine market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a CAGR of nearly 12.14%

Market growth 2021-2025

$ 8.91 billion

Market structure

Fragmented

Annual growth (%)

9.07

Regional analysis

Europe, North America, APAC, South America and MEA

Efficient contribution to the market

Europe at 35%

Main consumer countries

United States, China, United Kingdom, Italy and France

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

AMATIC Industries GmbH, APEX pro gaming AS, APOLLO SOFT sro, Aristocrat Leisure Ltd., Eclipse Gaming Systems LLC, International Game Technology plc, KONAMI HOLDINGS CORP., NOVOMATIC AG, Scientific Games Corp. and Universal Entertainment Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period.

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

Main topics covered:

  • Summary

  • Market landscape

  • Market sizing

  • Five forces analysis

  • Market segmentation

  • Customer landscape

  • Geographic landscape

  • Supplier landscape

  • Supplier analysis

  • appendix

About Us
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