Casino Gaming Equipment Market to touch USD 20 Billion by 2027

Author: Live Casino Direct
 
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The market for Casino Gaming Equipment is expected to reach around USD 20 billion and is projected to witness 5.5% CAGR during the forecast period 2020 – 2027.

The key drivers of the increase in demand for casino gaming equipment are growing digitalization trends, increased disposable income, and changing lifestyles. The growing construction of new casino centers around the world as a result of rising demand is predicted to drive demand. International Game Technology PLC (IGT), Aristocrat Leisure, Scientific Games Corporation, Novomatic, Gaming Partners International Corporation are the major casino game equipment manufacturers in the global market.

Casino Gaming Equipment Market to touch USD 20 billion by 2027.

The COVID-19 pandemic has disrupted the supply chains of various casino gaming equipment manufacturers throughout the world. The market was expected to level off by the fourth quarter of 2020. Gaming Partners International, Inc. (US), International Game Technology PLC (UK), Scientific Games Corporation ( US), and Konami Holdings Corporation. The industry participants are projected to enhance their production capacities. Casino Gaming Equipment Market to touch USD 20 billion by 2027.

The worldwide casino gaming equipment market has been segmented based on type and application. The gaming chip segment is anticipated to experience significant growth in the global market in terms of value during the forecast period.

The worldwide casino gaming equipment industry has been segmented into four regions: North America, Europe, Asia Pacific and the Rest of the World. Asia is expected to retain a considerable market share over the projection period. Europe is predicted to grow dramatically due to severe government rules and increased demand for offline gaming from Russia, Germany, Spain, and France.

The casino gaming equipment industry is highly competitive and fragmented. The companies used a variety of strategies to expand their global reach and achieve a foothold in the global market.

Segmentation of Market covered in the research: Information, by Type (Gaming Chips, Slot Machines, Casino Tables, Video Poker Machines and Other), Application (Casino, Mall and others) and Region (North America, Europe, Asia-Pacific and the Rest of the World).

Casino Gaming Equipment Market to touch USD 20 billion by 2027. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients.