Arcade Crane Machines Market Forecasts to 2030 – Global Analysis By Type (Claw Machines, Grabbing Machines, Crane Claw Machines and Other Types), Application (Amusement Parks, Arcades & Gaming Centers, Restaurants & Bars, Shopping Malls, Educational & Rec

Arcade Crane Machines Market Forecasts to 2030 – Global Analysis By Type (Claw Machines, Grabbing Machines, Crane Claw Machines and Other Types), Application (Amusement Parks, Arcades & Gaming Centers, Restaurants & Bars, Shopping Malls, Educational & Recreational Institutions and Other Applications) 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