Slot Machine Market Size
[170+ Pages Research Report] Slot Machine Market to surpass USD 11.9 by 2031 from USD6.50 in 2021 at a CAGR of 6.9% in the coming years, i.e., 2021-31.
Market Overview
A Slot Machine is known as a slot, puggy, the slots, poker machine/pokies, fruits or maybe a gambling machine that makes a game of chance for its customers. Slot machines also are known pejoratively as one-armed bandits due to the massive mechanical levers affixed to the edges of early mechanical machines and therefore the games' ability to empty players' pockets and wallets as thieves.
Market Highlights
Slot Machine market is expected to project a notable CAGR in 2031
Slot Machine market to surpass USD 11.9 billion by 2030 from USD 6.50 billion in 2021 at a CAGR of 6.9% in the coming years, i.e., 2021-31. Slot machines are one among the main revenue contributors to any country despite stringent government regulations across the world. Employment opportunities including communal welfare funding is anticipated to propel the demand for slot machines within the coming years. Increasing tax revenues generated from slot machines may be a key driving factor for the legalization of online gambling.
Slot Machine market: Segments
Digital segment to grow with the highest CAGR during 2021-31
Slot Machine market is segmented by Product type into Digital and Mechanical. The Digital segment is anticipated to be the largest dominating segment in 2020 due to its properties such as high adaptability and user-friendly. Users can easily play with none assistance and track their winnings and losses in these slot machines.
segment to grow with the highest CAGR during 2021-31
Slot Machine market is segmented by Technology into Computerization, Reels, Video Slot, Random Number Creators, Payout Percentage, Fraud, Linked Machines, and Jackpot Errors, and Others. The Computerization segment held the largest market share for Slot Machine in the recent years and is probably going to retain its dominance over the forecast period.
Slot Machine Market: Key Players
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AMATIC Industries GmbH
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
- APEX pro gaming AS
- APOLLO SOFT s.r.o.
- Aristocrat Leisure Ltd.
- Eclipse Gaming Systems LLC
- International Game Technology plc
- KONAMI HOLDINGS CORP.
- NOVOMATIC AG
- Scientific Games Corp.
- Universal Entertainment Corp.
- Other Prominent Players
Slot Machine Market: Regions
Slot Machine Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Europe is one of the most dominating Slot Machine markets, and therefore the region will offer several growth opportunities to plug vendors during the forecast period. Factors like changing gambling regulations and therefore the launch of latest gambling services are contributing to the Slot Machine market growth during this region.
Segmentation
- By Product Type
- Digital
- Mechanical
- By End-User
- Computerization
- Reels
- Video Slot
- Random Number Creator
- Payout Percentage
- Fraud
- Linked Machines, and Jackpot Errors
- Others
- Slot Machine Market Dynamics
- Slot Machine Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
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