PUBLISHER: KBV Research | PRODUCT CODE: 1709869
PUBLISHER: KBV Research | PRODUCT CODE: 1709869
The Latin America, Middle East and Africa Amusement Machine Market would witness market growth of 12.5% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Amusement Machine Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $660.1 million by 2031. The Argentina market is showcasing a CAGR of 13.4% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 11.5% during (2024 - 2031).
Several key trends are shaping the market as it navigates the demands of a digital-first world. One prominent trend is the integration of immersive technologies, particularly VR and AR, which transform traditional arcade experiences into dynamic, interactive adventures. VR-based rides and AR-enhanced games offer players a sense of presence and agency, appealing to a generation accustomed to high-definition digital content.
Another notable trend is the resurgence of retro gaming, driven by a wave of nostalgia among older players and curiosity among younger ones. Classic games like Pac-Man, pinball, and skee-ball are being refurbished or reimagined with modern updates, finding new life in social entertainment venues like bar arcades and bowling alleys. This retro revival contrasts with the push toward innovation, creating a dual-track market catering to vintage enthusiasts and tech-forward consumers.
The market, which includes arcade gaming, vending machines, and entertainment simulators, is significantly influenced by economic conditions, infrastructural developments, and technological advancements in various regions. Nigeria's market is benefiting from the positive growth in National Disposable Income, which has been on an upward trajectory since Q4 of 2021. Due to large-scale tourism and hospitality investments, Saudi Arabia's market is experiencing a boost. The Red Sea Project, which saw the inauguration of three hotels in 2023 and aims to introduce 13 more by 2024, is set to establish a network of 50 hotels with over 8,000 rooms.
The UAE's market is advancing due to its emphasis on smart city infrastructure and artificial intelligence initiatives. The Smart Cities & Artificial Intelligence Plan (2018-2022) has facilitated the use of IoT-based entertainment solutions, leading to the adoption of interactive amusement machines. Therefore, economic growth in Nigeria, tourism-driven infrastructure in Saudi Arabia, and smart city initiatives in the UAE collectively foster the expansion of this market.
Based on Application, the market is segmented into Indoor Specialty Centers, Amusement & Recreational Theme Park, Game Centers, Hotel & Bars, and Other Application. Based on Game Type, the market is segmented into Indoor Go-Karts, Simulation & AR-VR Games, Redemption Games, Video Games, Electro-Mechanical Games, Claw Machine Games, Photo Booths, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
LAMEA Amusement Machine Market Report Segmentation
By Application
By Game Type
By Country