The global casino gaming equipment market is expected to grow by USD 43.3 billion during 2020-2024, according to the latest market research report by Technavio. Request a free sample report

• Global Casino Gaming Equipment Markets
• Global Casino Gaming Equipment Marketing
• Global Casino Gaming Equipment Marketplace

The report focuses on well-known providers in the global Casino Gaming Equipment industry, market segments, competition, and the macro environment. Under COVID-19 Outbreak, how the Casino Gaming Equipment Industry will develop is also analyzed in detail in Chapter 1.7 of the report. The casino gaming equipment market size has the potential to grow by USD 43.3 billion during 2020-2024. The casino gaming equipment market size has the potential to grow by USD 43.3 billion during. The Global Casino Gaming Equipment market 2020 research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The global Casino Gaming Equipment Consumption market report study provides intelligence studies ensuring relevant and fact-based research that help clients understand the significance and impact of market dynamics. The study provides historic data of 2015 along with a forecast from 2020 to 2027 based on both volumes and revenue.

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Technavio has published a latest market research report titled Global Casino Gaming Equipment Market 2020-2024 (Graphic: Business Wire)

Casinos install a number of gaming equipment such as slot machines, casino tables, and poker machines. Over recent years, the market has witnessed a significant rise in the number of casinos across the world. For instance, in February 2019, Soboba Casino opened a new Soboba Casino Resort in California. Similarly, in July 2019, Wynn Resorts Holdings LLC opened its new casino, Encore Boston Harbor, in Boston, US. Many such expansion plans have increased the demand for casino gaming equipment, which is providing significant growth opportunities for market vendors. Hence, the increasing number of casinos are crucial in driving the growth of the global casino gaming equipment market.

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As per Technavio, the growing number of M&A activities will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Casino Gaming Equipment Market: Growing Number of M&A Activities

The strong presence of established regional players is posing a challenge for large players to enter new markets. Hence, vendors are adopting M&A strategies to improve their business as well as to expand their geographical reach. For instance, in December 2018, AGS acquired Integrity Gaming Corp., a Canadian slot machine developer. The acquisition helped AGS to expand its installed base to 2,700 slots in the US. Similarly, in November 2019, TPG Pace Holdings merged with Accel Entertainment. The rise in the number of M&A activities is expected to result in the development of advanced products. This trend will have a positive impact on the growth of the global casino gaming equipment market during the forecast period.