- 9 May 2019 22:08
Casino Gaming Equipment Market In North America Has Been Estimated To Account For Highest Revenue Share During The Forecast Period
Casinos have two types of games for their patrons such as namely video gaming machines and table games. The video machines include poker and slot games, while table games include card and dice games, roulette, and counting games.
Global Casino Gaming Equipment Market Dynamics:
Major factor driving growth of the global Casino Gaming Equipment Market is increasing disposable income and growth in the number of jobs in developing countries. In addition, increasing focus on boosting respective tourism industry-related initiatives and offerings through promotional activities across the globe are some among the factors expected to drive growth of the global casino gaming equipment market in the near future.
Increasing focus of manufacturers operating in the market to develop technological advancements products is in turn expected to drive in casino gaming equipment market. In April 2018, the company announced installation of PRIZM GameTable, which is a land-based gaming machine, at Caesars Entertainment Resorts in Atlantic City, New Jersey, US. Also, in February 2018, the company acquired majority stake in E-SYS Techologia EM Informática S.A., a Brazil-based video bingo content provider, in order to enhance its video bingo content for the development of online, mobile, and land-based games. On 12 July 2018, the company signed long-term contract with the Video Gaming Division of the Louisiana State Police's Department of Public Safety and Corrections (DPS&C), in order to provide INTELLIGEN System–video gaming monitoring system upgrade
Analysis By Segmentation:
The market report has been segmented on the basis of product type, end user, application, and region. The product type segment includes gaming chips, slot machines, casino tables, video poker machines, and other. The end user segment includes casino, mall, and other. The application segment includes new/ expansion and replacement. The regions covered in the analysis are North America, Europe, China, Japan, India, South America, South Korea, Southeast Asia, and Rest of the World.
By Product Type: Slot machines segment accounted for highest revenue share contribution as compared to other type segments, and is expected to maintain its dominance over the forecast period. The Slot machines segment is expected to register a CAGR of over 5.0% between 2017 and 2025.
By End User: Casino segment accounted for highest revenue share contribution as compared to other type segments, and is expected to maintain its dominance over the forecast period. The Casino segment is expected to register a CAGR of over 5.5% between 2017 and 2025.
By Application: Replacement segment accounts for highest revenue share in the global market and new/ expansion is expected to register highest CAGR over the forecast period.
By Region: The market in North America accounted for highest revenue share in the global casino gaming equipment market in 2016, and market in Asia Pacific is expected to register highest CAGR of over 5.1% over the forecast period.
Global Casino Gaming Equipment Market: Competitive Analysis
The research report on the global casino gaming equipment market includes profiles of some of major companies such as Scientific Games Corporation, International Game Technology PLC (IGT), Aristocrat Leisure Limited, Novomatic AG, Konami Holdings Corporation, Everi Holdings Inc., Gaming Partners International Corporation, TCS John Huxley Europe Ltd., and William Hill plc.
The Global Casino Gaming Equipment Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2017–2025 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global casino gaming equipment market for 2016–2025.
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