NEW YORK, March 4, 2022 — Slot Machine Market Facts at a Glance-
Total Pages: 120 Companies: 10+ – Including 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. Oy among others. Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysis Segments: Product (digital and mechanical) Geographies: Europe, North America, APAC, South America, and MEA
The Slot Machine Market is expected to increase by USD 8.91 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 12.14% as per the latest market report by Technavio. Also, the market recorded a 9.07% Y-O-Y growth rate in 2021. Europe will register the highest growth rate of 35% among the other regions.
Vendor Insights-
The Slot Machine Market is fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market. Few companies with key offerings mentioned below –
AMATIC Industries GmbH – The company offers CX 30 upright slot machines for games. APEX pro gaming AS – The company offers slot machines under the brand name Pinnacle and Apex. APOLLO SOFT s.r.o. -The company offers gaming solutions that can play in slot machines.
Regional Market Outlook
The Slot Machine Market share growth in Europe will be significant during the forecast period. The UK, Italy, and France are the key markets for slot machines in Europe. However, the market growth rate in Europe will be slower than the growth of the market in other regions. The changing regulatory landscape in European countries will facilitate the slot machine market growth in Europe over the forecast period.
Latest Drivers & Trends Driving the Market-
Slot Machine Market Driver: Growing vendor involvement in the market:
The key factor driving growth in the slot machine market is the growing vendor involvement in the market. A rise in the number of casinos is providing ample opportunities for the vendors in the market, and they are delivering casino-related products and solutions to facilitate casino gambling. Vendors operating in the global slot machine market are increasingly focusing on expanding their product portfolio with new product launches. New product launches help vendors increase the sales of slot machines, thus helping in increasing their market share. The vendors in the market are trying to attract more consumers by introducing new variants of slot machines with improved features. Thus, the introduction of new models helps increase sales, which would positively influence the growth of the slot machine market.
Slot Machine Market Trend: The advent of innovative slot display solutions:
The advent of innovative slot display solutions is a major trend supporting the slot machine market share growth. Electronic gaming machines are gaining traction in modern casinos as they are user-friendly and can be easily upgraded. The slot machines currently offered in the market feature signage that is taller, wider, larger, more uniquely shaped, and of higher resolution than the ones previously offered. For instance, in October 2019, Everi launched its Empire Flex video platform with a 49-inch flexed display on top of the company’s popular Empire MPX base. It features 4K content, industry-unique flexible integrated light bars, and a large, enhanced glass button deck.
Market Value Chain Analysis
The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period. The value chain of the slot machine market includes the following core components:
Inputs Operations Services Marketing and sales Support activities Innovation
Technavio report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence. To know more – Click now!
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