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US – Global casino gaming equipment market to reach $173.1bn by 2027
By Phil - 14 September 2020
The Casino Gaming Equipment – Global Market Trajectory & Analytics report, recently added to ResearchAndMarkets.com’s offering, believes the global casino gaming equipment market will reach $173.1bn by 2027
The publisher brings years of research experience to the 4th edition of this report. The 193-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Amid the COVID-19 crisis, the global market for Casino Gaming Equipment estimated at US$70.1bn in the year 2020, is projected to reach a revised size of US$173.1bn by 2027, growing at a CAGR of 13.8 per cent over the analysis period 2020-2027.
Casino Tables, one of the segments analysed in the report, is projected to record a 14.4 per cent CAGR and reach US$56.8bn by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Slot Machines segment is readjusted to a revised 12.8 per cent CAGR for the next seven-year period.
The US market is estimated at $18.9bn, while China is forecast to grow at 18 per cent CAGR, trailing a CAGR of 18 per cent over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.7 per cent and 12.1 per cent respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.8 per cent CAGR.
The Gaming Chips segment will record 13.4 per cent CAGR. USA, Canada, Japan, China and Europe will drive the 12.6 per cent CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.2bn in the year 2020 will reach a projected size of US$12bn by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$26bn by the year 2027, while Latin America will expand at a 15 per cent CAGR through the analysis period.
