Slot Machine Market to grow by USD 3,680.31 million from 2022 to 2027|Growing vendor involvement in market to boost the market- Technavio

NEW YORK, July 20, 2023 /PRNewswire/ -- The slot machine market size is forecasted to grow by USD 3,680.31 million from 2022 to 2027, at a CAGR of 12%, according to Technavio. Europe is estimated to account for 35% of the market growth. Some of the prominent countries in Europe which have significantly contributed to the global slot machine market growth include the UK, Germany, Italy, Spain, Sweden, Poland, the Netherlands, Morocco, and Ireland. One of the prime reasons for the significant growth of the slot machine market in these countries is the shifting regulatory environment in European nations. Several European governments have introduced a number of rules and regulations in order to relax gambling laws. Several prominent players in Europe are launching new services and growing their brands in numerous countries such as Portugal, the UK, Sweden, Germany, and Spain. Hence, such factors are expected to drive the slot machine market growth in the region during the forecast period. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

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Slot Machine Market - Segmentation Assessment

Segment Overview

The market is segmented by application (casino and others), product (digital and mechanical), and geography (Europe, North America, APAC, South America, and Middle East and Africa).

• The market share growth by the casino segment is significant during the forecast period. The casino is one of the prime end-users of slot machines. Hence, the increasing popularity of slot machine games in the casino is expected to positively impact market growth. Additionally, there is a significant expansion of several casinos as leisure venues in many regions such as North America, Europe, and APAC are fuelling the demand for slot machines. Several market players are launching new slot machines with cutting-edge technologies such as virtual reality, touchscreens, and mobile connectivity in order to enhance the user experience which in turn is increasing the number of visitors to these casinos. Hence, such factors are expected to drive the slot machine market growth during the forecast period.

Insights on the market contribution of various segments, including country and region-wise historic data (2017 to 2021) and forecast market size (2023 to 2027) - Download a Sample Report

Slot Machine Market – Market Dynamics

Key factor driving market growth

The increasing vendor involvement drives the slot machine market growth during the forecast period. Several market vendors are leveraging different opportunities presented by the growing number of casinos by offering products and solutions to enhance casino gambling. Many prominent market players are prioritizing launching new products to diversify their product offerings in order to cater to a large consumer segment. Hence, the launch of new slot machines, it is fuelling sales which in turn is increasing the revenue for vendors.  For example, in January 2020, Scientific Games launched the Ultra Hot Mega Link slot game. Additionally, there is an increasing investment in R&D by several vendors to offer consumers cutting-edge features to new slot machines. Hence, such factors are expected to drive the slot machine market growth during the forecast period.

Leading trends influencing the market 

The increasing use of bitcoins is a primary trend in the slot machines market during the forecast period. Bitcoin can be referred to as a decentralized digital currency that is mostly used for online transactions. One of the main advantages of Bitcoin is its high level of anonymity, as there are no central banks in charge of supervising Bitcoin transactions. Some of the key benefits of bitcoins include international payments, simple deposits and withdrawals, reduced fraud risk, quick payments, and no transaction fees. Golden Gate and D Las Vegas in Las Vegas, the US, are some of the prominent casinos which support Bitcoin transactions. Additionally, it is expected that there will be an increase in the use of bitcoins in the gambling industry due to high monetary fluctuations and taxes on the industry. Hence, this trend is expected to continue, which in turn is expected to drive the slot machines market growth during the forecast period.

Major challenges hindering the market growth

The increasing number of fraud cases is a significant challenge hindering the slot machines market growth during the forecast period. One of the main factors which pose a threat to the gambling industry is the Illegal activities associated with the industry, as it could drain huge amounts of bets from this regulated sector. The most common fraud activity in the casino industry is slot machine tampering. Furthermore, there are several instances of gray machines or unregulated slot machines in this sector. These machines are not regulated under gambling laws and are not subjected to any gambling taxes or fees. Hence, such kinds of illegal activities are negatively impacting market growth. Hence, such factors are expected to hinder the slot machine market growth during the forecast period.

Insights on Market Drivers, trends, & Challenges, historic period (2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this Slot Machine Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the slot machine market between 2023 and 2027
• Precise estimation of the slot machine market size and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the slot machine market across Europe, North America, APAC, South America, and the Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of slot machine market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global slot machine market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global slot machine market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Product Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Casino - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Casino - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Casino - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Casino - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Casino - Year-over-year growth 2022-2027 (%)

• 6.4 Others - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Application 
• Exhibit 42: Market opportunity by Application ($ million)
• Exhibit 43: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Product

• 7.1 Market segments
• Exhibit 44: Chart on Product - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 46: Chart on Comparison by Product
• Exhibit 47: Data Table on Comparison by Product

• 7.3 Digital - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Digital - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Digital - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Digital - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Digital - Year-over-year growth 2022-2027 (%)

• 7.4 Mechanical - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Mechanical - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Mechanical - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Mechanical - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Mechanical - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Product 
• Exhibit 56: Market opportunity by Product ($ million)
• Exhibit 57: Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027 
• Exhibit 63: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027 
• Exhibit 91: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 Italy - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Italy - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Italy - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Italy - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Italy - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027 
• Exhibit 99: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Accel Entertainment Inc. 
• Exhibit 111: Accel Entertainment Inc. - Overview
• Exhibit 112: Accel Entertainment Inc. - Product / Service
• Exhibit 113: Accel Entertainment Inc. - Key offerings

• 12.4 AMATIC Industries GmbH 
• Exhibit 114: AMATIC Industries GmbH - Overview
• Exhibit 115: AMATIC Industries GmbH - Product / Service
• Exhibit 116: AMATIC Industries GmbH - Key offerings

• 12.5 APEX pro gaming s.r.o 
• Exhibit 117: APEX pro gaming s.r.o - Overview
• Exhibit 118: APEX pro gaming s.r.o - Product / Service
• Exhibit 119: APEX pro gaming s.r.o - Key offerings

• 12.6 APOLLO SOFT s.r.o.
• Exhibit 120: APOLLO SOFT s.r.o. - Overview
• Exhibit 121: APOLLO SOFT s.r.o. - Product / Service
• Exhibit 122: APOLLO SOFT s.r.o. - Key offerings

• 12.7 Aristocrat Leisure Ltd. 
• Exhibit 123: Aristocrat Leisure Ltd. - Overview
• Exhibit 124: Aristocrat Leisure Ltd. - Business segments
• Exhibit 125: Aristocrat Leisure Ltd. - Key offerings
• Exhibit 126: Aristocrat Leisure Ltd. - Segment focus

• 12.8 Aruze Gaming America Inc. 
• Exhibit 127: Aruze Gaming America Inc. - Overview
• Exhibit 128: Aruze Gaming America Inc. - Product / Service
• Exhibit 129: Aruze Gaming America Inc. - Key offerings

• 12.9 Eclipse Gaming Systems 
• Exhibit 130: Eclipse Gaming Systems - Overview
• Exhibit 131: Eclipse Gaming Systems - Product / Service
• Exhibit 132: Eclipse Gaming Systems - Key offerings

• 12.10 Everi Holdings Inc.
• Exhibit 133: Everi Holdings Inc. - Overview
• Exhibit 134: Everi Holdings Inc. - Business segments
• Exhibit 135: Everi Holdings Inc. - Key offerings
• Exhibit 136: Everi Holdings Inc. - Segment focus

• 12.11 Incredible Technologies Inc. 
• Exhibit 137: Incredible Technologies Inc. - Overview
• Exhibit 138: Incredible Technologies Inc. - Product / Service
• Exhibit 139: Incredible Technologies Inc. - Key offerings

• 12.12 Inspired Entertainment Inc. 
• Exhibit 140: Inspired Entertainment Inc. - Overview
• Exhibit 141: Inspired Entertainment Inc. - Product / Service
• Exhibit 142: Inspired Entertainment Inc. - Key offerings

• 12.13 International Game Technology plc 
• Exhibit 143: International Game Technology plc - Overview
• Exhibit 144: International Game Technology plc - Business segments
• Exhibit 145: International Game Technology plc - Key offerings
• Exhibit 146: International Game Technology plc - Segment focus

• 12.14 Konami Group Corp.
• Exhibit 147: Konami Group Corp. - Overview
• Exhibit 148: Konami Group Corp. - Business segments
• Exhibit 149: Konami Group Corp. - Key offerings
• Exhibit 150: Konami Group Corp. - Segment focus

• 12.15 NOVOMATIC AG
• Exhibit 151: NOVOMATIC AG - Overview
• Exhibit 152: NOVOMATIC AG - Business segments
• Exhibit 153: NOVOMATIC AG - Key offerings
• Exhibit 154: NOVOMATIC AG - Segment focus

• 12.16 Scientific Games LLC
• Exhibit 155: Scientific Games LLC - Overview
• Exhibit 156: Scientific Games LLC - Business segments
• Exhibit 157: Scientific Games LLC - Key offerings
• Exhibit 158: Scientific Games LLC - Segment focus

• 12.17 Universal Entertainment Corp. 
• Exhibit 159: Universal Entertainment Corp. - Overview
• Exhibit 160: Universal Entertainment Corp. - Business segments
• Exhibit 161: Universal Entertainment Corp. - Key offerings
• Exhibit 162: Universal Entertainment Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 163: Inclusions checklist
• Exhibit 164: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 165: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 166: Research methodology
• Exhibit 167: Validation techniques employed for market sizing
• Exhibit 168: Information sources

• 13.5 List of abbreviations 
• Exhibit 169: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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 consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. 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
Jesse Maida
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

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