PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1383326
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1383326
Arcade Crane Machines Market Forecasts to 2030 - Global Analysis By Type, Application and By Geography
According to Stratistics MRC, the Global Arcade Crane Machines Market is accounted for $2.18 billion in 2023 and is expected to reach $4.23 billion by 2030 growing at a CAGR of 9.8% during the forecast period. Arcade Crane Machines are one of the most popular arcade games in the world. They often referred to as "claw machines," are popular amusement devices commonly found in arcades, shopping malls, family entertainment centers, and other leisure venues. They are coin-operated cabinets with a joystick-controlled claw at the top. These machines are designed to engage players in a fun and challenging game where they attempt to grab a prize using a mechanical claw.
According to Taiwan's Ministry of Economic Affairs, the number of places where claw machines have been installed has increased from 850 in 2022 to 2,859 in 2023.
Market Dynamics:
Driver:
Increasing entertainment & leisure industries
Growing entertainment and leisure industries lead to an increase in the number of venues like amusement parks, family entertainment centers, and arcades. These venues serve as prime locations for arcade crane machines. Arcade crane machines offer a unique and enjoyable experience for visitors. Also, crane machines have a broad appeal across different age groups, making them a popular choice for entertainment venues. Further, the allure of winning a prize from a crane machine can encourage visitors to return to the venue multiple times which in turn propel the market demand.
Restraint:
High initial investment costs
The arcade industry can be sensitive to economic downturns or shifts in consumer spending habits. The financial commitment required to start an arcade business can limit the ability to experiment with different game offerings, layouts, and business models. The high upfront costs associated with purchasing arcade crane machines, renting or leasing space, and setting up the necessary infrastructure can be a significant barrier for entrepreneurs and new businesses looking to enter the market.
Opportunity:
Rising incorporation of AR & VR
The incorporation of Augmented Reality (AR) and Virtual Reality (VR) in the arcade crane machines can provide an immersive and interactive experience for players. This can make the game play more engaging and enjoyable, increasing the likelihood of repeat visits. AR and VR add a cutting-edge and futuristic element to arcade games, attracting a wider audience, especially tech-savvy and younger demographics that are drawn to innovative experiences. In addition, its factors such as interactive merchandising, customization and personalization fuel the market demand.
Threat:
Growing competition from online gaming platform
Online gaming platforms offer a wide range of interactive and convenient gaming experiences that can be accessed from the comfort of one's own home. This shift in preference towards online gaming can lead to a decrease in foot traffic at physical arcades. Also, many online games, especially mobile games, are available for free or at a low cost compared to the per-play cost of arcade games. In addition, 24/7 availability, global player base and vast gaming options are hampering the market demand.
COVID-19 Impact
The COVID-19 pandemic had a significant impact on the Arcade Crane Machines market. Many arcades, including those with crane machines, faced temporary closures due to lockdowns and social distancing measures. This led to a sharp decline in foot traffic and revenue for arcade businesses. Arcade operators had to implement stringent hygiene and sanitization protocols to ensure the safety of customers and staff. With people spending more time at home, there was an uptick in online and mobile gaming which diverted attention from physical arcades. The post pandemic has raised back the market growth with growing entertainment activities.
The crane claw machines segment is expected to be the largest during the forecast period
The crane claw machines segment is estimated to have a lucrative growth. Crane claw machines are popular games where players use a mechanical claw to attempt to retrieve a prize. They are primarily used for entertainment purposes, offering a fun and engaging activity for players of all ages. Customizing the appearance of the crane claw machine or the prizes inside can serve as a branding opportunity for businesses. Along with this, their low maintenance and operational costs, small footprint, customizable prizes and high visual appeal boosts the segment demand.
The amusement parks segment is expected to have the highest CAGR during the forecast period
The amusement parks segment is anticipated to witness the highest CAGR growth during the forecast period. Arcade crane machines provide a fun and interactive experience for visitors, adding an element of excitement and entertainment to their time at the amusement park. It offers a diverse range of prizes, from plush toys to electronics and novelties. This variety appeals to a wide audience, ensuring there's something for everyone. Overall, arcade crane machines add an element of fun, skill-building, and entertainment to the amusement park experience. They contribute to revenue generation while enhancing guest satisfaction and engagement.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period. Asia Pacific is home to some of the world's largest and most advanced amusement parks, theme parks, and family entertainment centers. These venues often feature a wide array of arcade games, including crane machines, which are popular attractions for visitors. Some Asian markets have embraced the concept of skill-based competitions on crane machines. Further, the rising disposable income of people and increasing entertainment activities are contributing to a competitive market with a wide range of options for operators.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period. The arcade industry in Europe is diverse, with a mix of large-scale arcade chains, independent arcades, and family entertainment centers. European consumers may have unique preferences for arcade games. Also, urban centers and popular tourist destinations tend to be key locations for arcade businesses in Europe. Further, Advancements in gaming technology, consumer's unique preferences and diverse market landscape in Europe are accelerating the market growth.
Key players in the market
Some of the key players profiled in the Arcade Crane Machines Market include: Benchmark Games, Elaut Group, Smart Industries Corporation, Andamiro USA, ICE (Innovative Concepts in Entertainment), UNIS Technology Co Limited, Sega Amusements International Limited, Coast to Coast Entertainment, Family Fun Companies and S&B Toy Company.
Key Developments:
In October 2023, SEGA Amusements International announced its participation in the Autumn Coin-Op Show (ACOS). ACOS provides a fantastic platform for operators to explore cutting-edge products from leading manufacturers, network with influential figures in the amusements and coin-op sector.
In August 2023, Elaut launched Livecadia arcade games to play online. Livecadia is a web app that allows players to interact and play with a physical claw machine or another arcade game using their phone. Livecadia provides customers with more revenue, and the players with a new multichannel experience.
Types Covered:
- Claw Machines
- Grabbing Machines
- Crane Claw Machines
- Other Types
Applications Covered:
- Amusement Parks
- Arcades & Gaming Centers
- Restaurants & Bars
- Shopping Malls
- Educational & Recreational Institutions
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Arcade Crane Machines Market, By Type
- 5.1 Introduction
- 5.2 Claw Machines
- 5.3 Grabbing Machines
- 5.4 Crane Claw Machines
- 5.5 Other Types
6 Global Arcade Crane Machines Market, By Application
- 6.1 Introduction
- 6.2 Amusement Parks
- 6.3 Arcades & Gaming Centers
- 6.4 Restaurants & Bars
- 6.5 Shopping Malls
- 6.6 Educational & Recreational Institutions
- 6.7 Other Applications
7 Global Arcade Crane Machines Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
9 Company Profiling
- 9.1 Benchmark Games
- 9.2 Elaut Group
- 9.3 Smart Industries Corporation
- 9.4 Andamiro USA
- 9.5 ICE (Innovative Concepts in Entertainment)
- 9.6 UNIS Technology Co Limited
- 9.7 Sega Amusements International Limited
- 9.8 Coast to Coast Entertainment
- 9.9 Family Fun Companies
- 9.10 S&B Toy Company
List of Tables
- Table 1 Global Arcade Crane Machines Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Arcade Crane Machines Market Outlook, By Type (2021-2030) ($MN)
- Table 3 Global Arcade Crane Machines Market Outlook, By Claw Machines (2021-2030) ($MN)
- Table 4 Global Arcade Crane Machines Market Outlook, By Grabbing Machines (2021-2030) ($MN)
- Table 5 Global Arcade Crane Machines Market Outlook, By Crane Claw Machines (2021-2030) ($MN)
- Table 6 Global Arcade Crane Machines Market Outlook, By Other Types (2021-2030) ($MN)
- Table 7 Global Arcade Crane Machines Market Outlook, By Application (2021-2030) ($MN)
- Table 8 Global Arcade Crane Machines Market Outlook, By Amusement Parks (2021-2030) ($MN)
- Table 9 Global Arcade Crane Machines Market Outlook, By Arcades & Gaming Centers (2021-2030) ($MN)
- Table 10 Global Arcade Crane Machines Market Outlook, By Restaurants & Bars (2021-2030) ($MN)
- Table 11 Global Arcade Crane Machines Market Outlook, By Shopping Malls (2021-2030) ($MN)
- Table 12 Global Arcade Crane Machines Market Outlook, By Educational & Recreational Institutions (2021-2030) ($MN)
- Table 13 Global Arcade Crane Machines Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 14 North America Arcade Crane Machines Market Outlook, By Country (2021-2030) ($MN)
- Table 15 North America Arcade Crane Machines Market Outlook, By Type (2021-2030) ($MN)
- Table 16 North America Arcade Crane Machines Market Outlook, By Claw Machines (2021-2030) ($MN)
- Table 17 North America Arcade Crane Machines Market Outlook, By Grabbing Machines (2021-2030) ($MN)
- Table 18 North America Arcade Crane Machines Market Outlook, By Crane Claw Machines (2021-2030) ($MN)
- Table 19 North America Arcade Crane Machines Market Outlook, By Other Types (2021-2030) ($MN)
- Table 20 North America Arcade Crane Machines Market Outlook, By Application (2021-2030) ($MN)
- Table 21 North America Arcade Crane Machines Market Outlook, By Amusement Parks (2021-2030) ($MN)
- Table 22 North America Arcade Crane Machines Market Outlook, By Arcades & Gaming Centers (2021-2030) ($MN)
- Table 23 North America Arcade Crane Machines Market Outlook, By Restaurants & Bars (2021-2030) ($MN)
- Table 24 North America Arcade Crane Machines Market Outlook, By Shopping Malls (2021-2030) ($MN)
- Table 25 North America Arcade Crane Machines Market Outlook, By Educational & Recreational Institutions (2021-2030) ($MN)
- Table 26 North America Arcade Crane Machines Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 27 Europe Arcade Crane Machines Market Outlook, By Country (2021-2030) ($MN)
- Table 28 Europe Arcade Crane Machines Market Outlook, By Type (2021-2030) ($MN)
- Table 29 Europe Arcade Crane Machines Market Outlook, By Claw Machines (2021-2030) ($MN)
- Table 30 Europe Arcade Crane Machines Market Outlook, By Grabbing Machines (2021-2030) ($MN)
- Table 31 Europe Arcade Crane Machines Market Outlook, By Crane Claw Machines (2021-2030) ($MN)
- Table 32 Europe Arcade Crane Machines Market Outlook, By Other Types (2021-2030) ($MN)
- Table 33 Europe Arcade Crane Machines Market Outlook, By Application (2021-2030) ($MN)
- Table 34 Europe Arcade Crane Machines Market Outlook, By Amusement Parks (2021-2030) ($MN)
- Table 35 Europe Arcade Crane Machines Market Outlook, By Arcades & Gaming Centers (2021-2030) ($MN)
- Table 36 Europe Arcade Crane Machines Market Outlook, By Restaurants & Bars (2021-2030) ($MN)
- Table 37 Europe Arcade Crane Machines Market Outlook, By Shopping Malls (2021-2030) ($MN)
- Table 38 Europe Arcade Crane Machines Market Outlook, By Educational & Recreational Institutions (2021-2030) ($MN)
- Table 39 Europe Arcade Crane Machines Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 40 Asia Pacific Arcade Crane Machines Market Outlook, By Country (2021-2030) ($MN)
- Table 41 Asia Pacific Arcade Crane Machines Market Outlook, By Type (2021-2030) ($MN)
- Table 42 Asia Pacific Arcade Crane Machines Market Outlook, By Claw Machines (2021-2030) ($MN)
- Table 43 Asia Pacific Arcade Crane Machines Market Outlook, By Grabbing Machines (2021-2030) ($MN)
- Table 44 Asia Pacific Arcade Crane Machines Market Outlook, By Crane Claw Machines (2021-2030) ($MN)
- Table 45 Asia Pacific Arcade Crane Machines Market Outlook, By Other Types (2021-2030) ($MN)
- Table 46 Asia Pacific Arcade Crane Machines Market Outlook, By Application (2021-2030) ($MN)
- Table 47 Asia Pacific Arcade Crane Machines Market Outlook, By Amusement Parks (2021-2030) ($MN)
- Table 48 Asia Pacific Arcade Crane Machines Market Outlook, By Arcades & Gaming Centers (2021-2030) ($MN)
- Table 49 Asia Pacific Arcade Crane Machines Market Outlook, By Restaurants & Bars (2021-2030) ($MN)
- Table 50 Asia Pacific Arcade Crane Machines Market Outlook, By Shopping Malls (2021-2030) ($MN)
- Table 51 Asia Pacific Arcade Crane Machines Market Outlook, By Educational & Recreational Institutions (2021-2030) ($MN)
- Table 52 Asia Pacific Arcade Crane Machines Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 53 South America Arcade Crane Machines Market Outlook, By Country (2021-2030) ($MN)
- Table 54 South America Arcade Crane Machines Market Outlook, By Type (2021-2030) ($MN)
- Table 55 South America Arcade Crane Machines Market Outlook, By Claw Machines (2021-2030) ($MN)
- Table 56 South America Arcade Crane Machines Market Outlook, By Grabbing Machines (2021-2030) ($MN)
- Table 57 South America Arcade Crane Machines Market Outlook, By Crane Claw Machines (2021-2030) ($MN)
- Table 58 South America Arcade Crane Machines Market Outlook, By Other Types (2021-2030) ($MN)
- Table 59 South America Arcade Crane Machines Market Outlook, By Application (2021-2030) ($MN)
- Table 60 South America Arcade Crane Machines Market Outlook, By Amusement Parks (2021-2030) ($MN)
- Table 61 South America Arcade Crane Machines Market Outlook, By Arcades & Gaming Centers (2021-2030) ($MN)
- Table 62 South America Arcade Crane Machines Market Outlook, By Restaurants & Bars (2021-2030) ($MN)
- Table 63 South America Arcade Crane Machines Market Outlook, By Shopping Malls (2021-2030) ($MN)
- Table 64 South America Arcade Crane Machines Market Outlook, By Educational & Recreational Institutions (2021-2030) ($MN)
- Table 65 South America Arcade Crane Machines Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 66 Middle East & Africa Arcade Crane Machines Market Outlook, By Country (2021-2030) ($MN)
- Table 67 Middle East & Africa Arcade Crane Machines Market Outlook, By Type (2021-2030) ($MN)
- Table 68 Middle East & Africa Arcade Crane Machines Market Outlook, By Claw Machines (2021-2030) ($MN)
- Table 69 Middle East & Africa Arcade Crane Machines Market Outlook, By Grabbing Machines (2021-2030) ($MN)
- Table 70 Middle East & Africa Arcade Crane Machines Market Outlook, By Crane Claw Machines (2021-2030) ($MN)
- Table 71 Middle East & Africa Arcade Crane Machines Market Outlook, By Other Types (2021-2030) ($MN)
- Table 72 Middle East & Africa Arcade Crane Machines Market Outlook, By Application (2021-2030) ($MN)
- Table 73 Middle East & Africa Arcade Crane Machines Market Outlook, By Amusement Parks (2021-2030) ($MN)
- Table 74 Middle East & Africa Arcade Crane Machines Market Outlook, By Arcades & Gaming Centers (2021-2030) ($MN)
- Table 75 Middle East & Africa Arcade Crane Machines Market Outlook, By Restaurants & Bars (2021-2030) ($MN)
- Table 76 Middle East & Africa Arcade Crane Machines Market Outlook, By Shopping Malls (2021-2030) ($MN)
- Table 77 Middle East & Africa Arcade Crane Machines Market Outlook, By Educational & Recreational Institutions (2021-2030) ($MN)
- Table 78 Middle East & Africa Arcade Crane Machines Market Outlook, By Other Applications (2021-2030) ($MN)
