Casino Gaming Equipment Market Revenue Drivers, Growth Opportunities, Value Chain Analysis and COVID-19 Impact Insights, 2028
“The global casino gaming equipment market size was valued at USD 10.78 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2021 to 2028.”
The global Casino Gaming Equipment Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development. Market Overview: The global casino gaming equipment market size is expected to reach USD 15.31 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 4.7% from 2021 to 2028. The liberalization of casinos in several countries and increased spending on gambling are the major factors driving the market. Increasing customer footfall forces casino operators to increase the casino gaming equipment to meet consumer demand. Casino Gaming Equipment Market Report Highlights
North America captured the largest share of over 38.0% in 2020. The U.S., Canada, and Mexico are significantly contributing to the regional market growth By product type, the casino tables segment is projected to expand at the fastest CAGR of 5.4% from 2021 to 2028 as table games are most popular among the professional gamblers Asia Pacific is projected to register the fastest CAGR of 5.3% from 2021 to 2028. The presence of a large number of global players and the increased popularity of gambling will drive the regional market growth The slot machines product type segment held the largest share of more than 50.0% in 2020. The affordability and popularity of slot machines and the availability of different games on slot machines will drive the segment in the years to come
Click The Link Below To Request Free Demo of Casino Gaming Equipment Market: https://www.millioninsights.com/snapshots/casino-gaming-equipment-market-report/request-demo The increased intervention of technology will boost market growth. Gambling is a big business all around the world, and almost every country has casinos. The growing popularity of gambling attracts big players and encourages them to expand casinos all around the world. Gaming equipment with trending games is essential for every casino to keep the consumers engaged, thereby fueling the market growth. Increased middle-class population, rise in disposable income, and augmented spending on gambling will drive the market globally. In addition, manufacturing companies are coming up with technologically advanced products to meet the casinos’ increased demand for digital gaming to provide a better gaming experience. The economic slowdown in the COVID-19 pandemic has had a negative impact on market growth. As most of the countries worldwide faced the lockdown, like other industries, the gaming industry also witnessed a slowdown in economic growth during the pandemic period. However, it is expected that as things get normalized post-2021, the industries are expected to pace up their operations and thus, in turn, open new growth opportunities for the market in the upcoming years.
Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com
Global Headquarters Million Insights 410 E Santa Clara Street, Unit #1008 San Jose, CA, 95113, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com
Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: +91-8956380892 Email: sales@millioninsights.com