The expansion of casino gambling across the United States and around the world continues. This growth is being driven by both land-based gambling venues and online casino applications. Anyone who follows the casino gambling industry already knows that slot machines account for the lion’s share of revenue generated by casinos. This, in turn, has rapidly increased the demand for additional ‘one-armed bandits’ at land-based casinos.
To put this tremendous growth into its proper perspective, the following figures are from a recent post on www.marketwatch.com. According to a Slot Machine market report, the global market size of slot machines will reach $4.45 billion by 2024. This is based on a Compound Annual Growth Rate (CAGR) of 5.5 percent. The current market is valued at $3.23 billion. This report presents the global market share (sales and revenue) of key manufacturing companies in the slot machine industry.
The following list of slot machine manufacturing companies were identified as the industry’s biggest players:
- Scientific Games
- Aristocrat Leisure
- Multimedia Games
- Universal Entertainment
The various business factors were all taken into consideration in this market evaluation. Two of the biggest are the sales area and distribution. Products manufactured is a key factor along with pricing patterns and revenue procured. Also taken into consideration are actual product sales and gross margins.
The Slot Machine market report also provided a detailed outline of the vendor landscape for the top eight companies on the list. This was presented in sections covering sales area and distribution. Also included was any other pivotal details as they related to any individual company profile.
A detailed list of the products manufactured by each of these companies along with price-point prototypes is also important to the discussion. This includes profit margins, accrued valuation, and overall product sales.
The regions covered consisted of:
- South East Asia
Conclusion Of The Slot Machine Market Report
The Slot Machine market report presents a detailed analysis of consumption market share and product consumption growth rate in each of these six global regions. The geographical consumption rate is qualified in relation to the products and applications of manufacturers. These products include:
- Reel Slot Machines
- Video Slots
- Multi-Denomination Slot Machines
Each of these products were evaluated by individual market share, projected valuation and overall growth rate.