Market Overview:
The global karaoke equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising disposable income, increasing demand for home entertainment and growing trend of outdoor activities. In terms of type, the fixed system segment is expected to hold a larger share in the global karaoke equipment market during the forecast period. This can be attributed to its low cost and easy installation as compared to portable systems. In terms of application, the home segment is expected to hold a larger share in the global karaoke equipment market during the forecast period.
Product Definition:
Karaoke equipment is a system that allows people to sing along with recorded music. The most common type of karaoke equipment is a karaoke machine, which consists of a player for the music and one or more microphones. Other types of karaoke equipment include CD+G players, which play discs that contain both audio and graphics tracks, and videoke machines, which play back videos containing lyrics on a screen. Karaoke machines are used by singers of all levels of ability to practice singing or to perform in front of an audience.
Fixed System:
Fixed System, it's usage.
The global karaoke equipment industry is expected to witness significant growth over the forecast period. The primary factors driving this industry are increasing number of entertainment centers such as night clubs, pubs and bars that provide karaoke facility coupled with rising popularity of social events organized at hotels or public places.
Portable System:
Portable system is a collection of electronic devices that are used to make and receive calls. It includes microphone, headset, speakerphone or headphones and sometimes video camera. The portable systems are mostly used by people who do not have permanent home office or whose homes are far away from the place where they work. Also it is widely used in places like hotels, restaurants, public halls and other such facilities where there is no permanent karaoke equipment available for the users to use.
Application Insights:
The home application segment dominated the global karaoke equipment market in 2017. This is attributed to the rising popularity of at-home parties and social gatherings, wherein people sing together for entertainment purposes. Furthermore, a growing number of home theater systems with integrated karaoke units is also driving the growth of this segment. The outdoor application segment is expected to witness significant growth over the forecast period owing to its use in bars and pubs for performances by bands or solo singers. Outdoor applications include open mic nights held at various restaurants and clubs where participants get chance to perform before a crowd along with live music performance taking place inside those venues.
The indoor application segment accounted for more than 50% share in 2017 due largely to its use in commercial places such as hotels, restaurants, discos and night clubs where people gather together for socializing or performing arts & entertainment activities on a regular basis.
Regional Analysis:
Asia Pacific dominated the global karaoke equipment market in 2017. This is attributed to growing trend of singing along with music and being part of a group. Furthermore, increasing disposable income especially in developing countries such as China and India has led to an increase in spending on leisure activities including entertainment activities such as karaoke. Increasing penetration of these systems at bars and clubs is also driving the regional market growth.
Europe was estimated at USD X million in 2017.
Growth Factors:
- Increasing demand for karaoke equipment from the hospitality sector as a result of the growing popularity of karaoke among tourists.
- The increasing disposable income of consumers in developing countries is expected to drive the growth of the global karaoke equipment market during the forecast period.
- Growing demand for home entertainment systems is also expected to propel the growth of the global karaoke equipment market in near future.
- Proliferation of online stores that offer a wide range of karaoke products at competitive prices is anticipated to fuel market growth over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Karaoke Equipment Market Research Report
By Type
Fixed System, Portable System
By Application
Home, For Venue, Outdoors
By Companies
Daiichikosho, Acesonic, Pioneer, TJ Media, Singing Machine, Ion Audio, Electrohome, Sakar, Krisvision, RSQ Autio, Daiichikosho, HDKaraoke, Memorex
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Karaoke Equipment Market Report Segments:
The global Karaoke Equipment market is segmented on the basis of:
Types
Fixed System, Portable System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home, For Venue, Outdoors
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Daiichikosho
- Acesonic
- Pioneer
- TJ Media
- Singing Machine
- Ion Audio
- Electrohome
- Sakar
- Krisvision
- RSQ Autio
- Daiichikosho
- HDKaraoke
- Memorex
Highlights of The Karaoke Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fixed System
- Portable System
- By Application:
- Home
- For Venue
- Outdoors
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Karaoke Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Karaoke equipment is a set of devices used to make and play karaoke music.
Some of the major players in the karaoke equipment market are Daiichikosho, Acesonic, Pioneer, TJ Media, Singing Machine, Ion Audio, Electrohome, Sakar, Krisvision, RSQ Autio, Daiichikosho, HDKaraoke, Memorex.
The karaoke equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Karaoke Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Karaoke Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Karaoke Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Karaoke Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Karaoke Equipment Market Size & Forecast, 2018-2028
4.5.1 Karaoke Equipment Market Size and Y-o-Y Growth
4.5.2 Karaoke Equipment Market Absolute $ Opportunity
Chapter 5 Global Karaoke Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Karaoke Equipment Market Size Forecast by Type
5.2.1 Fixed System
5.2.2 Portable System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Karaoke Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Karaoke Equipment Market Size Forecast by Applications
6.2.1 Home
6.2.2 For Venue
6.2.3 Outdoors
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Karaoke Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Karaoke Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Karaoke Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Karaoke Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Karaoke Equipment Market Size Forecast by Type
9.6.1 Fixed System
9.6.2 Portable System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Karaoke Equipment Market Size Forecast by Applications
9.10.1 Home
9.10.2 For Venue
9.10.3 Outdoors
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Karaoke Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Karaoke Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Karaoke Equipment Market Size Forecast by Type
10.6.1 Fixed System
10.6.2 Portable System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Karaoke Equipment Market Size Forecast by Applications
10.10.1 Home
10.10.2 For Venue
10.10.3 Outdoors
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Karaoke Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Karaoke Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Karaoke Equipment Market Size Forecast by Type
11.6.1 Fixed System
11.6.2 Portable System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Karaoke Equipment Market Size Forecast by Applications
11.10.1 Home
11.10.2 For Venue
11.10.3 Outdoors
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Karaoke Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Karaoke Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Karaoke Equipment Market Size Forecast by Type
12.6.1 Fixed System
12.6.2 Portable System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Karaoke Equipment Market Size Forecast by Applications
12.10.1 Home
12.10.2 For Venue
12.10.3 Outdoors
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Karaoke Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Karaoke Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Karaoke Equipment Market Size Forecast by Type
13.6.1 Fixed System
13.6.2 Portable System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Karaoke Equipment Market Size Forecast by Applications
13.10.1 Home
13.10.2 For Venue
13.10.3 Outdoors
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Karaoke Equipment Market: Competitive Dashboard
14.2 Global Karaoke Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Daiichikosho
14.3.2 Acesonic
14.3.3 Pioneer
14.3.4 TJ Media
14.3.5 Singing Machine
14.3.6 Ion Audio
14.3.7 Electrohome
14.3.8 Sakar
14.3.9 Krisvision
14.3.10 RSQ Autio
14.3.11 Daiichikosho
14.3.12 HDKaraoke
14.3.13 Memorex
