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Karaoke Market size to grow by USD 344.98 million from 2022 to 2027; Growth driven by the growing popularity of music-related leisure activities – Technavio

Karaoke Market size to grow by USD 344.98 million from 2022 to 2027; Growth driven by the growing popularity of music-related leisure activities – Technavio

NEW YORK, May 30, 2023 /PRNewswire/ — The latest report on the karaoke market, 2023-2027 estimates to register an incremental growth of USD 344.98 million, accelerating at a CAGR of 3.65% during the forecast period. The market is fragmented due to the presence of diversified international and regional vendors. The growing popularity of music-related leisure activities is notably driving the karaoke market growth, although factors such as the increasing adoption of virtual musical instruments and music production software may impede the market growth. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Request sample report 

Karaoke Market 2023-2027: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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 are among some of the major market participants.

acoostaaudio.com- The company offers a karaoke system namely Acoosta UNO.

avscorp.com.ph- The company offers a karaoke system under its brand GRAND VIDEOKE.

cwdlimited.com- The company offers a karaoke system under its brand Electrohome.

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Karaoke Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The soft skills training market report covers the following areas:

Market Drivers

  • The growing popularity of music-related leisure activities
  • The advent of cloud-hosted music streaming services
  • Rising Internet and smartphone penetration

Market Trends

  • Availability of advanced music-mixing systems
  • Integration of advanced technologies with online streaming services
  • Emergence of multi-room streaming

Market Challenges

  • Increasing adoption of virtual musical instruments and music production software
  • Need for high-speed Internet connectivity
  • Increasing threat from hacking

Driver, Trend & Challenges are the factor of market dynamics that states about consequences & sustainability of the businesses, find some insights from a PDF Sample reports

Karaoke Market 2023-2027: Segmentation

Karaoke Market is segmented as below:

  • Application 
    • Venue
    • Outdoor
    • Home
  • Product 
    • Fixed
    • Portable
  • Geography 
    • APAC
    • North America
    • Europe
    • Middle East And Africa
    • South America

For insights on global, regional, and country-level parameters with growth opportunities, historic (2017 to 2021) & forecast (2023-2027)  – Download a Sample Report

Karaoke Market 2023-2027: Key Highlights

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will assist karaoke market growth during the next five years
  • Estimation of the karaoke market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the karaoke market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of karaoke market, vendors

Subscribe to our “Lite Plan” billed annually at USD 5000 which enables you to download 3 reports a year and view 3 reports every month.

Related Reports:

Video Game Market- The video game market is estimated to grow at a CAGR of 8.1% between 2022 and 2027. The market size is forecast to increase by USD 89.38 billion.

Online Streaming Services Market– The online streaming services market is estimated to grow at a CAGR of 19.64% between 2022 and 2027. The size of the market is forecasted to increase by USD 285.46 billion.

Karaoke Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.65%

Market growth 2023-2027

USD 344.98 million

Market structure

Fragmented

YoY growth 2022-2023(%)

2.52

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 43%

Key countries

US, Japan, China, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

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

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

Originally published at https://www.prnewswire.com/news-releases/karaoke-market-size-to-grow-by-usd-344-98-million-from-2022-to-2027-growth-driven-by-the-growing-popularity-of-music-related-leisure-activities–technavio-301836514.html
Some images courtesy of https://pixabay.com

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