Slot Machines Global Market Report 2024

The slot machines market has grown strongly in recent years. It will grow from $2.6 billion in 2023 to $2.79 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The expansion observed in the historical period can be attributed to various factors, including increased demand for gambling and entertainment, growth in the casino industry, higher consumer spending on leisure activities, innovation in game design, and changes in the regulatory landscape. These elements collectively contributed to the overall growth during that period.

The slot machines market is expected to see strong growth in the next few years. It will grow to $3.63 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The anticipated growth during the forecast period is primarily driven by the global tourism and integrated resorts, the expansion of online gambling, increased cultural acceptance of gambling, technological advancements in gaming, and innovations in game features. Key trends expected in the forecast period encompass improved player loyalty programs, the integration of blockchain for enhanced transparency, the incorporation of social gaming features, a focus on regulatory compliance and responsible gaming, as well as strategic collaborations with entertainment brands.

The anticipated surge in casino revenue is poised to drive the growth of the slot machine market in the foreseeable future. Casinos, defined as recreational spaces equipped with various gambling amenities such as gambling gadgets and tables, utilize slot machines for both gambling and entertainment purposes by generating random numbers. Notably, in February 2023, the American Gaming Association (AGA), a prominent US-based gambling industry association, reported a substantial increase in the revenue of commercial gaming from $53.0 billion in 2021 to $60.4 billion in 2022. This upward trend in casino revenue is expected to be a key driver for the slot machine market.

The expanding disposable income is forecasted to contribute significantly to the growth of the slot machine market. Disposable income, representing the funds available for spending and saving after tax and obligatory deductions for individuals and households, plays a pivotal role. The rise in disposable income empowers consumers to allocate more resources to entertainment, including the slot machine market, as they have increased financial means for leisure activities. As an illustration, in July 2023, the Bureau of Economic Analysis, a US-based government agency, reported a $7.3 billion increase (less than 0.1 percent) in disposable personal income in the US. Hence, the escalating disposable income is a driving force behind the expanding slot machine market.

The prevailing trend influencing the slot machine market is the adoption of advanced technology. Leading companies in the industry are prioritizing the integration of new technologies into existing slot machines to enhance their relevance for the current generation. A notable example is Sightline Payments, a US-based cashless payment provider for the gaming industry, launching Project 250 in October 2022. This initiative aims to finance the incorporation of digital payment technologies into 250,000 slot machines across the United States. Project 250, leveraging Acres' Foundation, enables casino owners to modernize their slot machines, offering cashless services to consumers within a 16-week timeframe. Sightline's Mobile+ ecosystem integrates seamlessly with casino resorts and loyalty programs, while the Play Plus digital payments technology enriches the overall cashless experience.

Major players in the slot machine market are strategically emphasizing the introduction of themed slot machines to gain a competitive advantage. Emoji-themed slot machines, for instance, incorporate popular emojis as symbols on the reels, injecting a playful and contemporary element into the traditional slot game experience. Aristocrat Leisure Limited, an Australia-based gambling machine manufacturer, launched the Emoji All Stars slot machine in November 2023, marking the first official emoji-branded slot machine. This game offers various features such as 'hold & spin,' 'free games,' and 'instant features,' along with selectable character options. The trend of integrating well-known brands into the gaming industry aims to attract and engage a diverse player base.

In December 2022, Maverick Gaming LLC, a US-based gambling facility company, successfully acquired Evergreen Gaming for $80.5 million. This strategic acquisition enhances Maverick Gaming's position in the commercial gaming market. Evergreen Gaming, a US-based provider of casino and slot machines, brings valuable assets to Maverick Gaming, contributing to the consolidation of its presence in the competitive gaming industry.

Major companies operating in the slot machines market report 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 AB, Wms Gaming Solutions India Private Limited, Bally Technologies Inc., Blueprint Gaming Ltd., New Sun Yu Enterprise Co. Ltd., Ainsworth Game Technology, ASTRO Corp., Everi Holdings Inc., Eclipse Gaming Systems LLC, Incredible Technologies Inc., Interblock dd, Inspired Entertainment Inc., Bellatrix S.R.L, Bell-Fruit Games, Bergmann Precision Inc., Casino Garage LLC, Casinoparts.net, Castle Hill Gaming, Certus Gaming USA Inc., Goyo Corporation, GPS - Game Power System Co. Ltd.

North America was the largest region in the slot machine market in 2023. The regions covered in the slot machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the slot machines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

There are several main types of slot machines, each with distinct characteristics. Reel slot machines, for instance, feature microprocessor-driven game control circuits that randomly determine game outcomes. These machines can be operated in both floor-mounted and portable configurations, catering to use in casinos and various other applications. Other common types of slot machines include video slot machines, which employ electronic displays for game outcomes, and multi-denomination slot machines that allow users to choose from different coin denominations. The diversity in slot machine types provides users with various gaming options and experiences.

The slot machine market research report provides slot machine market statistics, including the slot machine industry global market size, regional shares, competitors with a slot machine market share, detailed slot machine market segments, market trends, and opportunities, and any further data you may need to thrive in the slot machine industry. This slot machine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The slot machines market consists of sales of pay tables, coin trays, slots levers, play buttons and spin reels. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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