Global Karaoke Market 2024-2028

Description

List of Tables

The karaoke market is forecasted to grow by USD 450.8 mn during 2023-2028, accelerating at a CAGR of 4.51% during the forecast period. The report on the karaoke market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing popularity of music-related leisure activities, the advent of cloud-hosted music streaming services, and rising internet and smartphone penetration.

Technavio's karaoke market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	3.91%
CAGR	4.51%
Incremental Value	$450.8mn

By Application

For venue
Outdoor
Home

By Product

Fixed
Portable

By Geographical Landscape

APAC
North America
Europe
Middle East and Africa
South America

This study identifies the integration of advanced technologies with online streaming services as one of the prime reasons driving the karaoke market growth during the next few years. Also, the availability of advanced music-mixing systems and the emergence of multi-room streaming will lead to sizable demand in the market.

The report on the karaoke market covers the following areas:

Karaoke market sizing
Karaoke market forecast
Karaoke market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading karaoke market vendors that include Acoosta, Audio Video Solutions Corp., DAIICHIKOSHO CO. LTD., Digital Products International Inc., inMusic Brands Inc., JIANGMEN BOWAY SOUND EQUIPMENT CO. LTD., Karaoke USA, Karavision, Persang Entertainment Pvt. Ltd., PTron, Pure Acoustics Inc., Rockville., Samsung Electronics Co. Ltd., The Singing Machine Co. Inc., TJ Media Co. ltd., VOCOPRO, Whitesquare, Xiaomi Communications Co. Ltd., XING INC., and ZOOOK. Also, the karaoke market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR71512

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Global karaoke market 2018 - 2022
4.2 Application Segment Analysis 2018 - 2022
4.3 Product Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by Application

6.1 Market segments
6.2 Comparison by Application
6.3 For venue - Market size and forecast 2023-2028
6.4 Outdoor - Market size and forecast 2023-2028
6.5 Home - Market size and forecast 2023-2028
6.6 Market opportunity by Application

7 Market Segmentation by Product

7.1 Market segments
7.2 Comparison by Product
7.3 Fixed - Market size and forecast 2023-2028
7.4 Portable - Market size and forecast 2023-2028
7.5 Market opportunity by Product

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation
9.2 Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
9.4 North America - Market size and forecast 2023-2028
9.5 Europe - Market size and forecast 2023-2028
9.6 Middle East and Africa - Market size and forecast 2023-2028
9.7 South America - Market size and forecast 2023-2028
9.8 US - Market size and forecast 2023-2028
9.9 Japan - Market size and forecast 2023-2028
9.10 China - Market size and forecast 2023-2028
9.11 Germany - Market size and forecast 2023-2028
9.12 UK - Market size and forecast 2023-2028
9.13 Market opportunity By Geographical Landscape

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Acoosta
12.4 Audio Video Solutions Corp.
12.5 DAIICHIKOSHO CO. LTD.
12.6 Digital Products International Inc.
12.7 inMusic Brands Inc.
12.8 JIANGMEN BOWAY SOUND EQUIPMENT CO. LTD.
12.9 Karaoke USA
12.10 Karavision
12.11 Pure Acoustics Inc.
12.12 Samsung Electronics Co. Ltd.
12.13 The Singing Machine Co. Inc.
12.14 TJ Media Co. ltd.
12.15 VOCOPRO
12.16 Whitesquare
12.17 XING INC.

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations