5 Key Takeaways From The Slot Machines Market Report 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s Slot Machines Global Market Report 2023, the slot machines market is expected to show significant growth in the forecast period.
Key insights from the slot machines market forecast include:
- Market Size
The global slot machines market is expected to grow from $2.42 billion in 2022 to $2.60 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The global slot machine market size is expected to reach $3.39 billion in 2027 at a CAGR of 6.9%.
- Major Driver
Casino revenue growth is likely to drive the growth of the slot machine industry in the future. According to a report published in February 2023 by the American Gaming organisation (AGA), a gambling industry organisation based in the United States, commercial gaming income climbed from $53.0 billion in 2021 to $60.4 billion in 2022. As a result, growing casino income will fuel the slot machine market.
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- Key Trend
The primary trend gaining popularity in the slot machine market is technological advancement. For example, in October 2022, Sightline Payments, a cashless payment corporation based in the United States, announced Project 250. Project 250 will provide funding for the installation of digital payment systems in 250,000 slot machines around the United States. Casino operators will be able to use Acres’ Foundation to modernise current slot machines, allowing them to give cashless services to their customers in as little as 16 weeks. Sightline’s Mobile+ ecosystem integrates with the operator’s whole casino resort and loyalty programme, while Sightline’s Play plus digital payments technology completes the cashless experience.
- Major Players
Major players in the slot machines market are AMATIC Industries GmbH, APEX pro gaming AS, APOLLO SOFT s.r.o., Aristocrat Leisure Ltd., International Game Technology plc, Konami Gaming Inc., Universal Entertainment Corp., Multimedia Games, NetEnt, WMS Gaming, Bally Technologies Inc, Blueprint Gaming, New Sun Yu Enterprise Co. Ltd, Aristocrat Gaming, and Ainsworth Game Technology.
- Top Market Segments
The global slot machines market is segmented –
1) By Type: Reel Slot Machines, Video Slot Machines, Multi-Denomination Slot Machines, Other Types
2) By Mode Of Operation: Floor Mounted, Portable
3) By Application: Casino, Other Applications
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The Slot Machines Global Market Report 2023 provides an in-depth analysis on the slot machines market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the slot machines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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