Global Casino Gaming Equipment Market 2020-2024 | Expansion of Casinos to Boost Market Growth | Technavio
March 26 2020 - 1:30AM
Business Wire
The global casino gaming equipment market is expected to grow by
USD 43.3 billion during 2020-2024, according to the latest market
research report by Technavio. Request a free sample
report
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Technavio has published a latest market
research report titled Global Casino Gaming Equipment Market
2020-2024 (Graphic: Business Wire)
Casinos install a number of gaming equipment such as slot
machines, casino tables, and poker machines. Over recent years, the
market has witnessed a significant rise in the number of casinos
across the world. For instance, in February 2019, Soboba Casino
opened a new Soboba Casino Resort in California. Similarly, in July
2019, Wynn Resorts Holdings LLC opened its new casino, Encore
Boston Harbor, in Boston, US. Many such expansion plans have
increased the demand for casino gaming equipment, which is
providing significant growth opportunities for market vendors.
Hence, the increasing number of casinos are crucial in driving the
growth of the global casino gaming equipment market.
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As per Technavio, the growing number of M&A activities will
have a positive impact on the market and contribute to its growth
significantly over the forecast period. This research report also
analyzes other significant trends and market drivers that will
influence market growth over 2020-2024.
Casino Gaming Equipment Market: Growing
Number of M&A Activities
The strong presence of established regional players is posing a
challenge for large players to enter new markets. Hence, vendors
are adopting M&A strategies to improve their business as well
as to expand their geographical reach. For instance, in December
2018, AGS acquired Integrity Gaming Corp., a Canadian slot machine
developer. The acquisition helped AGS to expand its installed base
to 2,700 slots in the US. Similarly, in November 2019, TPG Pace
Holdings merged with Accel Entertainment. The rise in the number of
M&A activities is expected to result in the development of
advanced products. This trend will have a positive impact on the
growth of the global casino gaming equipment market during the
forecast period.
“Advent of innovative display
solutions and the use of bitcoins in gambling will further boost
market growth during the forecast period”, says a senior analyst at
Technavio.
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Casino Gaming Equipment Market:
Segmentation Analysis
This market research report segments the casino gaming
equipment market by type (Casino tables, Slot machines, Gaming
chips, Video poker machines, and Others) and Geography (APAC,
Europe, MEA, North America, and South America).
The North American region led the casino gaming equipment market
in 2019, followed by APAC, Europe, South America, and MEA. However,
during the forecast period, the APAC region is expected to register
the highest incremental growth due to the increasing number of
casinos and growing sports betting in the region.
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Some of the key topics covered in the report include:
Type
- Casino tables
- Slot machines
- Gaming chips
- Video poker machines
- Others
Geographic Segmentation
- APAC
- Europe
- MEA
- North America
- South America
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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and potential markets and assess their competitive positions within
changing market scenarios.
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version on businesswire.com: https://www.businesswire.com/news/home/20200325005806/en/
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