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PromotionGlobal Gaming Machine Market Anticipated to Surpass $107 Billion by 2030
The "Global Gambling Machines Industry" report has been introduced by Reportlinker.com. Sustained economic concerns will stem from food and fuel inflation, with increased retail inflation affecting consumer confidence and expenditure. As governments address inflation by elevating interest rates, the pace of new job creation will decelerate, influencing economic activity and growth. Reduced capital expenditure looms ahead as companies adopt a cautious stance on investments, hindered by inflation concerns and diminished demand.
Amidst slow expansion and elevated inflation, advanced economies appear poised to edge towards a recessionary phase. Concerns regarding potential fresh waves of COVID-19 and China's uncertain trajectory in the aftermath of the pandemic amplify the genuine threat of intensified global supply chain challenges and disruptions in manufacturing throughout the current year. The convergence of volatile financial markets, escalating trade tensions, a more stringent regulatory landscape, and the imperative to integrate climate change considerations into economic choices will further intertwine the array of challenges ahead.
Anticipated as a challenging period for markets, investors, and consumers alike, the year 2023 still holds potential for businesses and their leaders who can navigate a course with resilience and flexibility.
The worldwide market for gambling machines is projected to achieve a value of $107 billion by the year 2030
In the altered business landscape following the COVID-19 pandemic, the global gambling machines market, valued at approximately US$62.1 Billion in 2022, is forecasted to expand to a revised magnitude of US$107 Billion by 2030. This growth is anticipated at a compounded annual growth rate (CAGR) of 7% during the period spanning from 2022 to 2030. Within the report's analysis, the online segment is expected to achieve a compound annual growth rate (CAGR) of 6.8%, culminating in a value of US$67.6 Billion by the conclusion of the assessment period. In light of the continuing recovery from the pandemic's impact, the offline segment's growth trajectory is revised to a projected 7.4% CAGR over the subsequent eight-year span.
The market size for the United States is approximately $16.9 billion, whereas China is anticipated to exhibit a growth rate of 11% CAGR
In 2022, the Gambling Machines market within the United States is assessed to be around US$16.9 Billion. China, the globe's second-largest economy, is predicted to attain a market size of approximately US$24 Billion by 2030, reflecting a compounded annual growth rate (CAGR) of 11% during the scrutiny period spanning from 2022 to 2030.
Noteworthy geographical markets encompass Japan and Canada, with projected growth rates of 4.2% and 5.6% respectively during the period from 2022 to 2030. In Europe, Germany is anticipated to achieve a compound annual growth rate (CAGR) of about 5.1%.
Read the full report at reportlinker.com
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