Panyu's Ascendance in the Amusement Equipment Industry and PALM FUN's Innovative Impact

2023-07-02
From China to the global market! Panyu Game and Amusement Equipment emerges as a leader in the worldwide amusement equipment sector.

 

In 1971, the inception of the planet's first indoor game and entertainment apparatus signaled the commencement of the commercial game and entertainment market. To this day, cultural game products remain widely favored globally, with consumer enthusiasm showing no signs of waning.

 

In 2015, the "Notice of the Ministry of Culture on Allowing Foreign-Funded Enterprises to Engage in the Production and Sales of Game and Entertainment Equipment" granted full authorization for both domestic and foreign-funded enterprises to participate in the production and sales of game and entertainment equipment.

 

Consequently, the game and entertainment industry is progressing on a positive and upward trajectory. Locally, in Panyu, Guangzhou, the indigenous game and entertainment sector boasts a rich history and a robust foundation. Recent years have witnessed the collaborative efforts of government guidance and enterprises, resulting in the flourishing of Panyu's game and entertainment industry, creating a new hub for industrial convergence.

 

Fostering distinctive local industries to unleash fresh dynamism, the evolution of the game and entertainment industry has been rooted in Panyu for nearly three decades. Originating in the late 1980s, it has evolved into one of the region's hallmark sectors. Despite its early development, flourishing game and entertainment companies lacked an interactive platform for communication, sharing, and unified management. In 2008, the Guangzhou Panyu Animation and Entertainment Industry Association was established, providing local game and entertainment companies with an industry organization. This facilitated communication between the government and enterprises, playing a pivotal role in advancing the industry.

 

With technological progress and evolving times, industry consolidation has led to the gradual formation of a comprehensive industrial chain in Panyu encompassing research and development, production, sales, site planning, management and operation, and after-sales support. According to data furnished by the Panyu Animation and Entertainment Industry Association, regional animation and game companies' products command over 70% of the domestic market, contributing to an estimated annual output value of approximately 8 billion yuan. The industry's export volume accounts for roughly 30% of the market share, with the sector providing employment for about 50,000 individuals and stimulating nationwide offline entertainment consumption exceeding $100 billion.

 

Beyond substantial economic benefits, Panyu's gaming and entertainment sector serves as a catalyst for local high-tech innovation. Presently, the region's animation and entertainment industry boasts over 5,000 independent intellectual property rights and 30 national high-tech enterprises.

 

Guangdong stands as the primary production hub for game and amusement equipment. As per the "2021 Guangdong Province Game Industry Annual Development Report," the total revenue from Guangdong Province's game and entertainment equipment in 2021 reached 10.370 billion yuan, constituting 98.60% of the national game and entertainment machine market. The province takes center stage as the chief producer of domestic game and entertainment equipment. The Guangdong Provincial Department of Culture and Tourism regularly issues the "Guangdong Provincial Game and Entertainment Equipment Content Approval Catalog," constantly innovating supervision methods and reinforcing law enforcement oversight.

 

Diversifying development, enhancing quality, and venturing into new market realms form the blueprint for Panyu's game and entertainment industry's success at home and abroad. This success hinges on the solid product foundation and perpetually innovative research and development approach of local companies. To assert control over the industrial chain, these companies are dedicated to realizing a closed loop from manufacturing to commercial operations.

 

Guangzhou Palm Fun Electronics Co., Ltd. exemplifies one such company. Specializing in the production of high-quality mechanical coin pushing machine, PALM FUN is an amusement equipment company offering a comprehensive one-stop service that includes design, research and development, production, and after-sales support.

 

Positioned as a technology-oriented entity, PALM FUN actively seeks collaboration with innovative ideas. To date, PALM FUN has successfully introduced over ten coin pushers, including arcade amusement machines, redemption gaming machines, and arcade coin-pushing machines. Some of these products have gained global popularity, such as "Burger Fever," "Treasure Mystery," "Into the Spider-Verse," "Pinball Guide," "Football Fever," and more.

 

redemption gaming machine

 

Our corporate motto is "Best quality, best service, best reputation." Since its establishment in 2013, PALM FUN has earned a commendable marketing reputation through its exceptional game concepts, reliable product quality, impeccable service, and after-sales support.

 

This reputation enhances our visibility and acceptance in the market, with our products now available worldwide. Whether in Europe, America, the Middle East, or Southeast Asia, players can consistently indulge in endless gaming enjoyment at various arcade centers.

 

 

 

 
 
 
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