Slot Machine Market | Leading Segments, Trends, Drivers and Challenges
Market Recovery and Growth Projections for 2021-2025
Accelerating at a CAGR of almost 12.14%, the Global Slot machine market is expected to grow by $ 8.91 billion during the forecast period. Our research report offers growth projections for all the market segments, along with an in-depth analysis of all the factors that are likely to boost growth. This research also delves deep into issues that are likely to challenge market growth. This detailed analysis of the market will facilitate clients in planning a business strategy for the growth of their business in the post-pandemic era.
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Slot Machine Market: Market Segments and Growth Forecasts
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- Market is segmented by Product (digital and mechanical) and Geography (Europe, North America, APAC, South America, and MEA).
- Growth by the digital product segment will be significant during the forecast period. Digital slot machines are very user-friendly as all the necessary information is available on the display and thus one play without any assistance or help.
- 35% of the market growth will originate from Europe during the forecast period. The UK, Italy, and France are the key markets for slot machines in Europe. However, market growth in Europe will be slower than the growth of the market in other regions.
- This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Slot Machine Market size.
Slot Machine Market: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
- Growing vendor involvement will be a significant factor in driving the growth of the Slot Machine Market. Vendors operating in the this market are expanding their product portfolio with new product launches in a bid to attract more consumers by introducing new variants of slot machines with improved features.
- Legalization of gambling will be instrumental in driving market growth during the forecast period.
- Rising number of fraud cases is a hurdle that needs to be crossed on the path to success. Tampering of slot machines is quite rampant among casino owners. There have been reported cases of unregulated slot machines or gray machines in the US. Strict regulations will help to mitigate this issue.
Slot Machine Market: Vendor Analysis
- The market is fragmented.
- AMATIC Industries GmbH, APEX pro gaming AS, APOLLO SOFT s.r.o., Aristocrat Leisure Ltd., Eclipse Gaming Systems LLC, International Game Technology plc, KONAMI HOLDINGS CORP., NOVOMATIC AG, Scientific Games Corp., and Universal Entertainment Corp. are some of the major market participants.
- The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.
Key Areas Covered in our Report:
- Slot Machine Market Split by Product
- Slot Machine Market Split by Geography
- Europe
- North America
- APAC
- South America
- MEA
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- AMATIC Industries GmbH
- APEX pro gaming AS
- APOLLO SOFT s.r.o.
- Aristocrat Leisure Ltd.
- Eclipse Gaming Systems LLC
- International Game Technology plc
- KONAMI HOLDINGS CORP.
- NOVOMATIC AG
- Scientific Games Corp.
- Universal Entertainment Corp.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of almost 12.14%.
- What is the incremental growth of the market?
The market is expected to grow by $ 8.91 bn through 2021-2025.
- What is a key factor driving this market?
Growing vendor involvement in market will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
Europe, North America, APAC, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
35% growth will originate from Europe
- Who are the leading market vendors?
The leading vendors in this market are AMATIC Industries GmbH, APEX pro gaming AS, APOLLO SOFT s.r.o., Aristocrat Leisure Ltd., Eclipse Gaming Systems LLC, International Game Technology plc, KONAMI HOLDINGS CORP., NOVOMATIC AG, Scientific Games Corp., and Universal Entertainment Corp.
- What are the market segments covered in this report?
The market is segmented by Product (digital and mechanical) and Geography (Europe, North America, APAC, South America, and MEA)
Slot Machine Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2020-2024
Technavio has been monitoring the slot machine market and it is expected to grow by $ 8.21 billion, accelerating at a CAGR of almost 10% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Slot Machine Market: Key Trends to impact market growth
Europe is one of the largest markets for slot machines, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as changing gambling regulations and the launch of new gambling services are contributing to the slot machine market growth in this region. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.
Slot Machine Market: Top Drivers to Boost Demand
Growing vendor involvement in the market is one of the primary factors driving the growth of the slot machine market. The rising number of casinos has encouraged market vendors to offer various casino-related products and solutions to facilitate casino gambling. Market vendors are focusing on expanding their product portfolio by offering new variants of slot machines with improved features. For instance, Universal Entertainment Corp. (Universal Entertainment) integrated Slot Program Play System into their new slot machines to offer preferred customer services to VIP players. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business on the track to exponential growth.
Vendor Analysis: AMATIC Industries GmbH, APEX pro gaming AS and APOLLO SOFT s.r.o. are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AMATIC Industries GmbH, APEX pro gaming AS, APOLLO SOFT s.r.o., Aristocrat Leisure Ltd., Eclipse Gaming Systems LLC, International Game Technology plc, KONAMI HOLDINGS CORP., NOVOMATIC AG, Scientific Games Corp., and Universal Entertainment Corp. are some of the major market participants.
For more insights on this market: Download a Free Sample Report
Slot Machine Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive slot machine market growth during the next five years
- Precise estimation of the slot machine market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the slot machine market industry across Europe, North America, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of slot machine market vendors
