NEW YORK, March 4, 2022 /PRNewswire/ -- Slot Machine Market Facts at a Glance-
NEW YORK, March 4, 2022 /PRNewswire/ -- Slot Machine Market Facts at a Glance-
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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.
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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 -
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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.
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Latest Drivers & Trends Driving 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.
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.
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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:
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Slot Machine Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of almost 12.14% |
Market growth 2021-2025 |
USD 8.91 billion |
Market structure |
Fragmented |
YoY growth (%) |
9.07 |
Performing market contribution |
Europe at 35% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
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. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
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SOURCE Technavio
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