Slots Market Recorded 9.07% Annual Growth Rate in 2021 | Growing Vendor Involvement in the Market to Drive Growth
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the slot machine market should increase by $8.91 billion from 2020 to 2025, and the growth momentum of the market will accelerate to a CAGR of 12.14% according to Technavio’s latest market report. Furthermore, the market recorded an annual growth rate of 9.07% in 2021. Europe will register the highest growth rate of 35% among other regions.
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Overview of Suppliers-
the The slot machine market is fragmented, and vendors are deploying growth strategies such as focusing on delivering products through multiple distribution channels to compete in the market. Few companies with key offers mentioned below –
- AMATIC Industries GmbH – The company offers CX 30 vertical slots for gaming.
- APEX Professional Gaming AS – The company offers slot machines under the Pinnacle and Apex brands.
- APOLLO SOFT sro –The company offers gaming solutions that can play in slot machines.
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Regional Market Outlook
The slot machine market share growth in Europe will be significant during the forecast period. Great Britain, Italyand France are the main markets for slot machines in Europe. However, the market growth rate in Europe will be slower than market growth in other regions. The changing regulatory landscape in European countries will facilitate the growth of the slot machine market in Europe over the forecast period.
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Latest drivers and trends driving the market-
- Slots Market Driver:
- Increasing involvement of suppliers in the market:
The key factor driving the growth of the slot machine market is the growing involvement of vendors in the market. An increase in the number of casinos provides many opportunities for vendors in the market, and they offer casino-related products and solutions to facilitate casino gaming. The vendors operating in the global slot machine market are increasingly focusing on expanding their product portfolio with the launch of new products. New product launches help the vendors to increase slot machine sales, thus helping to increase their market share. Vendors in the market are trying to attract more consumers by introducing new variants of slot machines with enhanced features. Thus, the introduction of new models helps to increase the sales, which would positively influence the growth of the slot machine market.
- Slot machine market trend:
- The advent of innovative niche display solutions:
The advent of innovative slot machine display solutions is a major trend supporting the growth of the slot machine market share. Electronic gaming machines are gaining ground in modern casinos because they are user-friendly and can be easily upgraded. Slot machines currently offered on the market feature taller, wider, larger, more uniquely shaped and higher resolution signage than those previously offered. For example, in October 2019, Everi has launched its Empire Flex video platform with a flexible 49-inch display on top of the company’s popular Empire MPX base. It comprises 4K content, industry-unique flexible integrated light bars, and a large, upgraded glass button bridge.
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Market value chain analysis
The data available in our value chain analytics segment can help vendors reduce costs and improve customer services over the forecast period. The slot machine market value chain consists of the following essential components:
- Marketing and Sales
- Support activities
Technavio’s report further explained other innovative approaches that manufacturers are taking to ensure a sustainable presence in the market. Learn more – Click now!
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Slot Machine Market Scope
Growth momentum and CAGR
Accelerate at a CAGR of nearly 12.14%
Market Growth 2021-2025
Annual growth (%)
Successful market contribution
Europe at 35%
Leading companies, competitive strategies, scope of consumer engagement
AMATIC Industries GmbH, APEX pro gaming AS, APOLLO SOFT sro, Aristocrat Leisure Ltd., Eclipse Gaming Systems LLC, International Game Technology plc, KONAMI HOLDINGS CORP., NOVOMATIC AG, Scientific Games Corp. and Universal Entertainment Corp.
Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the forecast period.
If our report does not include the data you are looking for, you can contact our analysts and customize the segments.
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2020
- Market Outlook: Predictions for 2020 – 2025
Five forces analysis
- The bargaining power of buyers
- Bargaining power of suppliers
- The threat of new entrants
- The threat of substitutes
- Threat of rivalry
- Market state
Market segmentation by product
- Market segments
- Comparison by product
- Digital – Market size and forecast 2020-2025
- Mechanical – Market size and forecast 2020-2025
- Market opportunity by product
- Geographic segmentation
- Geographic comparison
- Europe – Market size and forecast 2020-2025
- North America – Market size and forecast 2020-2025
- APAC – Market size and forecast 2020-2025
- South America – Market size and forecast 2020-2025
- MEA – Market size and forecast 2020-2025
- Main leading countries
- Market Opportunity by Geography
- Market factors
- Market challenges
- Market trends
- Landscape disturbance
- Suppliers Covered
- Positioning on the supplier market
- AMATIC Industries GmbH
- APEX Professional Gaming AS
- APOLLO SOFT sro
- Aristocrat Leisure Ltd.
- Eclipse Gaming Systems LLC
- International Game Technology plc
- KONAMI HOLDINGS CORP.
- NOVOMATIC SA
- Scientific Games Corp.
- Universal Entertainment Corp.
- Report scope
- Currency conversion rates for the US dollar
- Research methodology
- Abreviations list
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