Published on : Mar 06, 2017
Albany, March 6, 2017: The liberal regulation in casino-style gambling introduced by various governments will drive the future growth of the global casino gaming equipment market. The latest report focusing on its global market and future growth prospects has been prepared by researchers and added to the mega-repository of Market Research Hub (MRH), which is titled as “Global Casino Gaming Equipment Market Research Report 2017”. This study presents the extensive five-year forecasts of global casino gaming equipment market during 2017-2022, by which readers will able to understand the key pointers of the global market. These predictions have been prepared with an in-depth analysis involving inputs from industry experts.
In recent years, increasing digitalization in casinos is attracting young population. Also, inventions of new and innovative games like Angry Birds and Call of Duty are gradually replacing the old slot machines in casinos. According to the study findings, it has been analyzed that increasing middle-class population and rising disposable income are some of the key growth drivers for global casino gaming equipment market.
In the next section, market segmentation is also done on the basis of application into Entertainment Segments and Others. On the basis of product type, the global casino gaming equipment market is segregated into:
- Casino Tables
- Slot Machines
- Gaming Chips
- Video Poker Machines
Factors like production, revenue, price, market share and growth rate of each type are given an in-depth study. Moving further, In terms of geography, the market is segregated into regions, such as North America, Europe, China, Japan, Southeast Asia and India. The high growth of the casino business in regions such as Asia Pacific and The US are likely to drive the demand for gaming equipment.
At present, Asian countries had the maximum market share during 2016 and will continue to lead the market over the next few years as well. Since gambling is becoming among the tourists in Asia pacific, the casino gaming equipment market will grow along with the tourism industry.
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The global casino gaming equipment market is highly fragmented and competition is very high due to the presence of many regional and international players. Keys vendors operating in the global market are as follows:
- Aristocrat Leisure
- Galaxy Entertainment
- Scientific Games
Rapid advancement in technology and frequent changes in consumer preferences are some of the challenges these players face in the market. Vendors are also trying to attract news clients by rebuilding and expanding existing facilities.
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