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Global Karaoke Market 2023-2027

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    Report

  • 120 Pages
  • November 2022
  • Region: Global
  • TechNavio
  • ID: 5504922
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The karaoke market is poised to grow by $344.98 million during 2023-2027, accelerating at a CAGR of 3.65% during the forecast period. 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.

This 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 global market scenario, the latest trends and drivers, and the overall market environment.

The karaoke market is segmented as below:

By Application

  • Venue
  • Outdoor
  • Home

By Product

  • Fixed
  • Portable

By Geography

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

This 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 Innovations Pvt. Ltd., Audio Video Solutions Corp., Circus World Displays Ltd., DAIICHIKOSHO CO. LTD., Digital Products International Inc., inMusic Brands Inc., Jiangmen Boway Sound Equipment Co. Ltd., Karaoke USA, Karavision, Onkyo Corp., Persang Entertainment Pvt. Ltd., Platinum Karaoke, Pure Acoustics Inc., Samsung Electronics Co. Ltd., The Singing Machine Co. Inc., VocoPro, WhiteSquare, 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 analyst 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 primary and secondary research. The analyst's 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.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Product
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global karaoke market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global karaoke market 2017 - 2021 ($ million)
4.2 Application Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Application Segment 2017 - 2021 ($ million)
4.3 Product Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Product Segment 2017 - 2021 ($ million)
4.4 Region Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Region Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Application
6.1 Market segments
Exhibit 30: Chart on Application - Market share 2022-2027 (%)
Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 For venue - Market size and forecast 2022-2027
Exhibit 34: Chart on For venue - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on For venue - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on For venue - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on For venue - Year-over-year growth 2022-2027 (%)
6.4 Outdoor - Market size and forecast 2022-2027
Exhibit 38: Chart on Outdoor - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Outdoor - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Outdoor - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Outdoor - Year-over-year growth 2022-2027 (%)
6.5 Home - Market size and forecast 2022-2027
Exhibit 42: Chart on Home - Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Home - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Home - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Home - Year-over-year growth 2022-2027 (%)
6.6 Market opportunity by Application
Exhibit 46: Market opportunity by Application ($ million)
7 Market Segmentation by Product
7.1 Market segments
Exhibit 47: Chart on Product - Market share 2022-2027 (%)
Exhibit 48: Data Table on Product - Market share 2022-2027 (%)
7.2 Comparison by Product
Exhibit 49: Chart on Comparison by Product
Exhibit 50: Data Table on Comparison by Product
7.3 Fixed - Market size and forecast 2022-2027
Exhibit 51: Chart on Fixed - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Fixed - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Fixed - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Fixed - Year-over-year growth 2022-2027 (%)
7.4 Portable - Market size and forecast 2022-2027
Exhibit 55: Chart on Portable - Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Portable - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on Portable - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Portable - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Product
Exhibit 59: Market opportunity by Product ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 61: Chart on Market share by geography 2022-2027 (%)
Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 63: Chart on Geographic comparison
Exhibit 64: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 North America - Market size and forecast 2022-2027
Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.5 Europe - Market size and forecast 2022-2027
Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.6 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.7 South America - Market size and forecast 2022-2027
Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 Japan - Market size and forecast 2022-2027
Exhibit 89: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.10 China - Market size and forecast 2022-2027
Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
9.11 Germany - Market size and forecast 2022-2027
Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.12 UK - Market size and forecast 2022-2027
Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 105: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 106: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 108: Overview on factors of disruption
11.4 Industry risks
Exhibit 109: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 110: Vendors covered
12.2 Market positioning of vendors
Exhibit 111: Matrix on vendor position and classification
12.3 Acoosta Innovations Pvt. Ltd.
Exhibit 112: Acoosta Innovations Pvt. Ltd. - Overview
Exhibit 113: Acoosta Innovations Pvt. Ltd. - Product / Service
Exhibit 114: Acoosta Innovations Pvt. Ltd. - Key offerings
12.4 Audio Video Solutions Corp.
Exhibit 115: Audio Video Solutions Corp. - Overview
Exhibit 116: Audio Video Solutions Corp. - Product / Service
Exhibit 117: Audio Video Solutions Corp. - Key offerings
12.5 Circus World Displays Ltd.
Exhibit 118: Circus World Displays Ltd. - Overview
Exhibit 119: Circus World Displays Ltd. - Product / Service
Exhibit 120: Circus World Displays Ltd. - Key offerings
12.6 DAIICHIKOSHO CO. LTD.
Exhibit 121: DAIICHIKOSHO CO. LTD. - Overview
Exhibit 122: DAIICHIKOSHO CO. LTD. - Business segments
Exhibit 123: DAIICHIKOSHO CO. LTD. - Key offerings
Exhibit 124: DAIICHIKOSHO CO. LTD. - Segment focus
12.7 Digital Products International Inc.
Exhibit 125: Digital Products International Inc. - Overview
Exhibit 126: Digital Products International Inc. - Product / Service
Exhibit 127: Digital Products International Inc. - Key offerings
12.8 inMusic Brands Inc.
Exhibit 128: inMusic Brands Inc. - Overview
Exhibit 129: inMusic Brands Inc. - Product / Service
Exhibit 130: inMusic Brands Inc. - Key offerings
12.9 Jiangmen Boway Sound Equipment Co. Ltd.
Exhibit 131: Jiangmen Boway Sound Equipment Co. Ltd. - Overview
Exhibit 132: Jiangmen Boway Sound Equipment Co. Ltd. - Product / Service
Exhibit 133: Jiangmen Boway Sound Equipment Co. Ltd. - Key offerings
12.10 Karaoke USA
Exhibit 134: Karaoke USA - Overview
Exhibit 135: Karaoke USA - Product / Service
Exhibit 136: Karaoke USA - Key offerings
12.11 Karavision
Exhibit 137: Karavision - Overview
Exhibit 138: Karavision - Product / Service
Exhibit 139: Karavision - Key offerings
12.12 Onkyo Corp.
Exhibit 140: Onkyo Corp. - Overview
Exhibit 141: Onkyo Corp. - Product / Service
Exhibit 142: Onkyo Corp. - Key offerings
12.13 Platinum Karaoke
Exhibit 143: Platinum Karaoke - Overview
Exhibit 144: Platinum Karaoke - Product / Service
Exhibit 145: Platinum Karaoke - Key offerings
12.14 Pure Acoustics Inc.
Exhibit 146: Pure Acoustics Inc. - Overview
Exhibit 147: Pure Acoustics Inc. - Product / Service
Exhibit 148: Pure Acoustics Inc. - Key offerings
12.15 Samsung Electronics Co. Ltd.
Exhibit 149: Samsung Electronics Co. Ltd. - Overview
Exhibit 150: Samsung Electronics Co. Ltd. - Business segments
Exhibit 151: Samsung Electronics Co. Ltd. - Key news
Exhibit 152: Samsung Electronics Co. Ltd. - Key offerings
Exhibit 153: Samsung Electronics Co. Ltd. - Segment focus
12.16 The Singing Machine Co. Inc.
Exhibit 154: The Singing Machine Co. Inc. - Overview
Exhibit 155: The Singing Machine Co. Inc. - Product / Service
Exhibit 156: The Singing Machine Co. Inc. - Key offerings
12.17 VocoPro
Exhibit 157: VocoPro - Overview
Exhibit 158: VocoPro - Product / Service
Exhibit 159: VocoPro - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 160: Inclusions checklist
Exhibit 161: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 162: Currency conversion rates for US$
13.4 Research methodology
Exhibit 163: Research methodology
Exhibit 164: Validation techniques employed for market sizing
Exhibit 165: Information sources
13.5 List of abbreviations
Exhibit 166: List of abbreviations

Executive Summary

The analyst recognizes the following companies as the key players in the global karaoke market: Acoosta Innovations Pvt. Ltd., Audio Video Solutions Corp., Circus World Displays Ltd., DAIICHIKOSHO CO. LTD., Digital Products International Inc., inMusic Brands Inc., Jiangmen Boway Sound Equipment Co. Ltd., Karaoke USA, Karavision, Onkyo Corp., Persang Entertainment Pvt. Ltd., Platinum Karaoke, Pure Acoustics Inc., Samsung Electronics Co. Ltd., The Singing Machine Co. Inc., VocoPro, WhiteSquare, and ZOOOK.

Commenting on the report, one of the report's analysts said: 'The latest trend gaining momentum in the market is the availability of advanced music-mixing systems.'

According to the report, one of the major drivers for this market is the growing popularity of music-related leisure activities.

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 a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Acoosta Innovations Pvt. Ltd.
  • Audio Video Solutions Corp.
  • Circus World Displays Ltd.
  • DAIICHIKOSHO CO. LTD.
  • Digital Products International Inc.
  • inMusic Brands Inc.
  • Jiangmen Boway Sound Equipment Co. Ltd.
  • Karaoke USA
  • Karavision
  • Onkyo Corp.
  • Persang Entertainment Pvt. Ltd.
  • Platinum Karaoke
  • Pure Acoustics Inc.
  • Samsung Electronics Co. Ltd.
  • The Singing Machine Co. Inc.
  • VocoPro
  • WhiteSquare
  • ZOOOK