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Market Overview of Global Slot Machine market:
According to our latest research, the global Slot Machine market looks promising in the next 5 years. As of 2022, the global Slot Machine market was estimated at USD 2515.41 million, and it's anticipated to reach USD 4126.55 million in 2028, with a CAGR of 8.6% during the forecast years.
Slot Machines are casino gambling machines with three or more reels which spin when a button is pushed. Slot Machines are also known as one-armed bandits because they were originally operated by one lever on the side of the machine as opposed to a button on the front panel, and because of their ability to leave the player in debt and impoverished.
COVID-19 and the rapid growth of online gambling
The outbreak of COVID-19 is limiting the gambling market in 2020 as governments impose worldwide embargoes and restrict domestic and international travel, thereby limiting the demand for the services offered at these venues. During the COVID-19 pandemic in 2020, all slot machine establishments in Australia were shut down to curb the spread of the virus. Effectively reducing the use of slot machines in Australia to zero.
One of the important downstream industries, the presence and operation of casinos has a huge impact on slot machines. Trends in domestic and international tourism are critical to casino operators, as visitors are an important source of demand for gaming and accommodation. Trends in high-end tourism are particularly important, as high-net-worth visitors account for a significant portion of industry revenue. Demand for casinos typically increases as visitor occupancy increases, providing opportunities for casino operators. And travel ban restrictions prevent overseas visitors from entering areas where slot machines are legal.
On the other hand, the casino industry is very sensitive to changes in household disposable income. Increases in discretionary income typically allow patrons to spend more money on non-essential activities such as slot machines, which has had a positive impact on industry operators. The decline in real household disposable income also reduced player spending on slot machines as the economic impact of the COVID-19 outbreak led to higher unemployment.
Growth Opportunities Analysis
Emerging Markets
Those emerging markets, include Asia and Africa, with the progress of economy, the continuous growth of the gaming industry, the improvement of laws and regulations, the demand for slot machines has also expanded, the market of slot machines have great market potential in those emerging markets. The diversity of business opportunities in Asia has been growing for the past few years, but the significant trends that would define the industry perspectives for the future would include the multi-channel betting solutions for players. In line with this, operators are searching for complete solutions and collaboration with leading suppliers, whose added value can bring leading technologies, experiences and high-end standards implemented into the business approach.
Market Growth Drivers
Regulatory compliance
Ease of government regulations is one of the crucial driving factors for the growth of the slot machines market. Europe, Australia, USA and Japan are the main markets for slot machines. The main reason for the development of these markets is the legitimacy of slot machines in these regions. Slot machines are one of the major revenue contributors to any country despite stringent government regulations across the globe. Employment opportunities coupled with communal welfare funding is anticipated to propel the demand for slot machines. Increasing tax revenues generated from slot machines is a key driving factor for the legalization of online gambling. Government initiatives to verify and check the legality of vendors and offer fair opportunities to other market players is expected to drive the growth potential of the slot machine market.
Region Overview:
From 2023-2028, North America is estimated to witness robust growth prospects.
Company Overview:
Aristocrat is one of the major players operating in the Slot Machines market, holding a share of 21.41% in 2022.
Aristocrat
Aristocrat, together with its subsidiaries, engages in the development, assembly, sale, distribution, and servicing of games and systems in the Americas, Australia, New Zealand, and internationally. The company offers gaming content; and platforms and systems, including electronic gaming machines, digital social games, and casino management systems, as well as social web and mobile gaming services. It also provides cabinets and gaming products.
Scientific Games
Scientific Games is a leading innovator in the global lottery and regulated gaming industries. Beginning with the breakthrough technology that launched the world's very first secure instant lottery game in 1974, the company has continued to advance the games, technology, programs, marketing research and security that have been a driving force behind the success of more than 300 customers on six continents over the last 40 years.
Segmentation Overview:
By type, Video Reel segment accounted for the largest share of market in 2022.
Video Reel
A video reel slot machine operates on the same principle as the reel machine, except the reels are displayed via a video screen. Bonus screens are also featured which allow players to increase winnings by participating in an animated bonus round. Players can press buttons or simply touch the screen to initiate play.
Mechanical Reel
Mechanical reel slots play host to a physical reel that spins. With the unending technological advances, video reel slots have recently become a bit more popular than mechanical reel slots.
Video Poker
Video poker is poker played on slot machines. Unlike other slot machines based simply on the luck of the spin, Video Poker incorporates skill, players having a chance to make decisions and control the results.
Application Overview:
By application, the Replacement segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Slot Machine market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Slot Machine Market Report:
Market Size Estimates: Slot Machine market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Slot Machine market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Slot Machine market
Segment Market Analysis: Slot Machine market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Slot Machine market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Slot Machine Market: Revenue and sales volume of major countries in each region
Slot Machine Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Slot Machine market in major regions.
Slot Machine Industry Value Chain: Slot Machine market raw materials & suppliers, manufacturing process, distributors, downstream customers
Slot Machine Industry News, Policies & Regulations
Key players in the global Slot Machine market are covered in Chapter 12:
Everi
Euro Games Technology (EGT)
Scientific Games
International Game Technology (IGT)
Merkur Gaming
PlayAGS
Aristocrat
Ainsworth Game Technology
Incredible Technologies
Konami Gaming
Universal Entertainment
Novomatic
Zitro Games
Grand Vision Gaming
In Chapter 2 and Chapter 15.1, based on types, the Slot Machine market from 2018 to 2028 is primarily split into:
Video Reel
Mechanical Reel
Video Poker
Multi-determination Slot Machines
Others
In Chapter 3 and Chapter 15.2, based on applications, the Slot Machine market from 2018 to 2028 covers:
New/ expansion
Replacement
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Slot Machine market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028