Which industrial sectors will experience a growth boom?

Which industrial sectors will experience a growth...

The global gaming and gambling market has continued to boom since the pandemic, and a recent study found that specific segments of the industry are also experiencing significant expansion. The casino gaming equipment market is expected to reach $18.5 billion by 2030, according to a report from Straits Research.

The article states that the industry was worth $11.6 billion in 2021, which means gaming devices are expected to grow at an annual rate of 5.3% between 2022 and 2030. Simply put, the growing demand for casino games is driving the demand for more gaming devices.

“The growth of the casino industry may be attributed to the changes brought about by technological advancements in the modern world,” the study said. “Regulated casinos open new markets and generate record revenues as casino-related activities are legal in many countries around the world.”

The study was widely used Gaming equipment is not limited to traditional gaming tables, slot machines, cards, and dice found in casinos, but also includes casino-style gaming equipment that can even be found in shopping malls and other entertainment venues.

Distributed to more and more parts of the world, the demand for equipment is greater than ever. This includes significant growth in North American and European markets. Data Underpinning the Industry

The North American gaming industry is expected to grow at a compound annual growth rate of 5.1% through 2030, Straits found. For Europe, the study predicts higher growth at 5.8% over the same period, although online gaming is a key factor. However, these are not the only areas expected to see significant growth in the coming years.

“Increases in consumer disposable income, especially in developing countries, have had a growth impact on the casino industry.” Study Notes. “There has been a significant increase in the number of consumers visiting casinos recently. As a result, the number of casino facilities has increased and the demand for equipment is high.”

The American perspective is consistent with the American Gaming Association ( The AGA’s recent estimates for the overall U.S. industry outlook are consistent with soil. In October,AGA released the organization’s annual report on the industryestimating the economic impact of gambling and casinos at $328.6 billion , including the creation of 1.8 million jobs; $104 billion in wages and salaries; and $52.7 billion in tax revenue for federal, state and local governments.

Which industrial sectors will experience a growth...

Comments (2)

  • Melba.altenwerth

    This text highlights the significant growth of the global gaming and gambling market, specifically the casino gaming equipment market, which is projected to reach $18.5 billion by 2030. The increased demand for casino games, driven by technological advancements and the legalization of casino activities in many countries, is fueling the need for more gaming devices.

  • Clara.wuckert

    This text highlights the significant growth and expansion of the global gaming and gambling market, particularly in the casino gaming equipment segment, which is expected to reach $18.5 billion by 2030. Technological advancements and the legalization of casino-related activities in many countries are driving this growth. The North American and European markets are predicted to experience substantial growth, fueled by increases in consumer disposable income and the rise in casino facilities.

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