The slot machine market is expected to increase by USD 8.91 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 12.14% as per the latest market report by Technavio. Also, the market recorded over a 9% year-on-year growth rate in 2021. Europe will register the highest growth rate of 35% among the other regions.
The market is fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market. This study did not look at online slots.
The slot machine market share growth in Europe will be significant during the forecast period. The UK, Italy, and France are the key markets for slot machines in Europe. However, the market growth rate in Europe will be slower than the growth of the market in other regions. The changing regulatory landscape in European countries will facilitate the slot machine market growth in Europe over the forecast period.
The key factor driving growth in the market is the growing vendor involvement in the market. A rise in the number of casinos is providing ample opportunities for the vendors in the market, and they are delivering casino-related products and solutions to facilitate casino gambling. Vendors operating in the global slot machine market are increasingly focusing on expanding their product portfolio with new product launches.
New product launches help vendors increase the sales of slot machines, thus helping in increasing their market share. The vendors in the market are trying to attract more consumers by introducing new variants of slot machines with improved features. Thus, the introduction of new models helps increase sales, which would positively influence the growth of the market.
