Karaoke Market By Product And End User - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 172 Category: Emerging & Next Generation Technologies Report Code : SE06893
Industry Outlook and Trend Analysis
The Karaoke Market was worth a significant in 2017 and is anticipated to garner a huge market share by 2023, while registering itself at a considerable CAGR during the forecast period. Karaoke is known as an interactive entertainment machine that was created in Japan. By utilizing this machine an amateur vocalist can chime in with recorded music by making the use of a microphone. Verses are reflected on a screen to direct the singer. The music played is in an instrumental version of a song that may be well known to the singer. In some Asian nations, for example, Cambodia, China or the Philippines, a karaoke machine is commonly recognized as a KTV. At first the machine used to be extremely costly, however with time the cost of machine is lessened and now these fun entertainment machines are moderate.
Drivers and Restraints
Along with advancements in technology and rising demand for games and similar machines for entertainment, the market has encountered significant demand I the developing countries. The use of this machine can be made at home as well as for commercial purposes, for example, in gaming arcades, malls and restaurants. The widespread interest of karaoke machines for usage in leisure time is significantly driving the market. Moreover, rising disposable income has brought about increased number of sales of the product. However, increasing usage by children and youngsters in leisure time may bring about inhibited development of the market in certain regions.
Market Segmentation
The Karaoke Market is segmented on the basis of type and end user. On the basis of type the market is segmented into Fixed Systems and Portable Systems out of which the portable systems are foreseen to dominate the market owing to its flexibility, particularly in commercial applications. The fixed systems are widely preferred in a home setting. On the basis of end user the market is segmented into Home Use and Commercial Use out of which the commercial use is the leading segment as it is extremely lucrative and allows users to enjoy their choice of songs in a fun environment.
Regional Outlook and Trend Analysis
Geographically, the market is segmented into Asia Pacific, North America, Europe, South America and Rest of the world. The Asia Pacific region is foreseen to rule the market owing to widespread awareness of Karaoke machines in the region. Moreover, North America and Europe are anticipated to reflect substantial growth owing to increasing inclination for leisure activities in the region.
Competitive Insights
The leading players in the market are Xtreme Magic Sing, Grand Videoke, Pyle, Konzert, TJ Media, Karavision, Crown and Platinum. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Karaoke Market is segmented as follows-
By Type:
- Fixed Systems
- Portable Systems
By End Use:
- Home Use
- Commercial Use
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Columbia
- South Africa
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Nigeria
- South Africa
- Rest of MEA
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2017 to 2023?
- What will be the industry market growth from 2017 to 2023?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
· Karaoke Market, By Product, Estimates and Forecast, 2014-2023 ($Million)
· Portable Devices
· Fixed System
· Karaoke Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
· Commercial Use
· Home Use
· Karaoke Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Karaoke Market, By Country
o U.S. Karaoke Market
o Canada Karaoke Market
o Mexico Karaoke Market
· Europe
§ Europe Karaoke Market, By Country
o Germany Karaoke Market
o UK Karaoke Market
o France Karaoke Market
o Russia Karaoke Market
o Italy Karaoke Market
o Rest of Europe Karaoke Market
· Asia-Pacific
§ Asia-Pacific Karaoke Market, By Country
o China Karaoke Market
o Japan Karaoke Market
o South Korea Karaoke Market
o India Karaoke Market
o Southeast Asia Karaoke Market
o Rest of Asia-Pacific Karaoke Market
· South America
§ South America Karaoke Market
o Brazil Karaoke Market
o Argentina Karaoke Market
o Columbia Karaoke Market
o South Africa Karaoke Market
o Rest of South America Karaoke Market
· Middle East and Africa
§ Middle East and Africa Karaoke Market
o Saudi Arabia Karaoke Market
o UAE Karaoke Market
o Egypt Karaoke Market
o Nigeria Karaoke Market
o South Africa Karaoke Market
o Rest of MEA Karaoke Market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2017-2023)
4.1.2. Canada Market States and Outlook (2017-2023)
4.1.3. Mexico Market States and Outlook (2017-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2017-2023)
4.2.2. France Market States and Outlook (2017-2023)
4.2.3. UK Market States and Outlook (2017-2023)
4.2.4. Russia Market States and Outlook (2017-2023)
4.2.5. Italy Market States and Outlook (2017-2023)
4.2.6. Rest of Europe Market States and Outlook (2017-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2017-2023)
4.3.2. Japan Market States and Outlook (2017-2023)
4.3.3. Korea Market States and Outlook (2017-2023)
4.3.4. India Market States and Outlook (2017-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2017-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2017-2023)
4.4.2. Argentina Market States and Outlook (2017-2023)
4.4.3. Columbia Market States and Outlook (2017-2023)
4.4.4. Rest of South America Market States and Outlook (2017-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2017-2023)
4.5.2. UAE Market States and Outlook (2017-2023)
4.5.3. Egypt Market States and Outlook (2017-2023)
4.5.4. Nigeria Market States and Outlook (2017-2023)
4.5.5. South Africa Market States and Outlook (2017-2023)
4.5.6. Rest of MEA Market States and Outlook (2017-2023)
5. Karaoke Market, By Product
5.1. Introduction
5.2. Global Karaoke Sales, Revenue and Market Share by Product (2017-2027)
5.2.1. Global Karaoke Sales and Sales Share by Product (2017-2027)
5.2.2. Global Karaoke Revenue and Revenue Share by Product (2017-2027)
5.3. Portable Devices
5.3.1. Global Portable Devices Sales and Growth Rate (2017-2027)
5.4. Fixed System
5.4.1. Global Fixed System Sales and Growth Rate (2017-2027)
6. Karaoke Market, By Application
6.1. Introduction
6.2. Global Karaoke Sales, Revenue and Market Share by Application (2017-2027)
6.2.1. Global Karaoke Sales and Sales Share by Application (2017-2027)
6.2.2. Global Karaoke Revenue and Revenue Share by Application (2017-2027)
6.3. Commercial Use
6.3.1. Global Commercial Use Sales and Growth Rate (2017-2027)
6.4. Home Use
6.4.1. Global Home Use Sales and Growth Rate (2017-2027)
7. Karaoke Market, By Region
7.1. Introduction
7.2. Global Karaoke Sales, Revenue and Market Share by Regions
7.2.1. Global Karaoke Sales by Regions (2017-2027)
7.2.2. Global Karaoke Revenue by Regions (2017-2027)
7.3. North America Karaoke by Countries
7.3.1. North America Karaoke Sales and Growth Rate (2017-2027)
7.3.2. North America Karaoke Revenue and Growth Rate (2017-2027)
7.3.3. North America Karaoke Sales by Countries (2017-2027)
7.3.4. North America Karaoke Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Karaoke Sales and Growth Rate (2017-2027)
7.3.5.2. United States Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Karaoke Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Karaoke Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Karaoke by Countries
7.4.1. Europe Karaoke Sales and Growth Rate (2017-2027)
7.4.2. Europe Karaoke Revenue and Growth Rate (2017-2027)
7.4.3. Europe Karaoke Sales by Countries (2017-2027)
7.4.4. Europe Karaoke Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Karaoke Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Karaoke Sales and Growth Rate (2017-2027)
7.4.6.2. UK Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Karaoke Sales and Growth Rate (2017-2027)
7.4.7.2. France Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Karaoke Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Karaoke Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Karaoke Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Karaoke Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Karaoke Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Karaoke Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Karaoke Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Karaoke Sales and Growth Rate (2017-2027)
7.5.5.2. China Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Karaoke Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Karaoke Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Karaoke Sales and Growth Rate (2017-2027)
7.5.8.2. India Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Karaoke Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Karaoke Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Karaoke Sales and Growth Rate (2017-2027)
7.6.2. South America Karaoke Revenue and Growth Rate (2017-2027)
7.6.3. South America Karaoke Sales by Countries (2017-2027)
7.6.4. South America Karaoke Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Karaoke Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Karaoke Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Karaoke Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Karaoke Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Karaoke Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Karaoke Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Karaoke Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Karaoke Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Karaoke Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Karaoke Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Karaoke Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Karaoke Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Karaoke Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.10. Rest of Middle East and Africa
7.7.10.1. Rest of Middle East and Africa Karaoke Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Karaoke Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. Platinum
8.1.1. Business Overview
8.1.2. Product Portfolio
8.1.3. Strategic Developments
8.1.4. Sales, Revenue and Market Share
8.2. Xtreme Magic Sing
8.2.1. Business Overview
8.2.2. Product Portfolio
8.2.3. Strategic Developments
8.2.4. Sales, Revenue and Market Share
8.3. Megapro
8.3.1. Business Overview
8.3.2. Product Portfolio
8.3.3. Strategic Developments
8.3.4. Sales, Revenue and Market Share
8.4. Crown
8.4.1. Business Overview
8.4.2. Product Portfolio
8.4.3. Strategic Developments
8.4.4. Sales, Revenue and Market Share
8.5. Grand Videoke
8.5.1. Business Overview
8.5.2. Product Portfolio
8.5.3. Strategic Developments
8.5.4. Sales, Revenue and Market Share
8.6. TJ Media
8.6.1. Business Overview
8.6.2. Product Portfolio
8.6.3. Strategic Developments
8.6.4. Sales, Revenue and Market Share
8.7. Pyle
8.7.1. Business Overview
8.7.2. Product Portfolio
8.7.3. Strategic Developments
8.7.4. Sales, Revenue and Market Share
8.8. Karavision
8.8.1. Business Overview
8.8.2. Product Portfolio
8.8.3. Strategic Developments
8.8.4. Sales, Revenue and Market Share
8.9. Hyundai
8.9.1. Business Overview
8.9.2. Product Portfolio
8.9.3. Strategic Developments
8.9.4. Sales, Revenue and Market Share
8.10. Konzert
8.10.1. Business Overview
8.10.2. Product Portfolio
8.10.3. Strategic Developments
8.10.4. Sales, Revenue and Market Share
9. Global Karaoke Market Competition, by Manufacturer
9.1. Global Karaoke Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Karaoke Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Karaoke Price by Region (2017-2017)
9.4. Top 5 Karaoke Manufacturer Market Share
9.5. Market Competition Trend
10. Karaoke Market Forecast (2027-2023)
10.1. Global Karaoke Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Karaoke Market Forecast by Regions (2027-2023)
10.2.1. North America Karaoke Market Forecast (2027-2023)
10.2.1.1. United States Karaoke Market Forecast (2027-2023)
10.2.1.2. Canada Karaoke Market Forecast (2027-2023)
10.2.1.3. Mexico Karaoke Market Forecast (2027-2023)
10.2.2. Europe Karaoke Market Forecast (2027-2023)
10.2.2.1. Germany Karaoke Market Forecast (2027-2023)
10.2.2.2. United Kingdom Karaoke Market Forecast (2027-2023)
10.2.2.3. France Karaoke Market Forecast (2027-2023)
10.2.2.4. Russia Karaoke Market Forecast (2027-2023)
10.2.2.5. Italy Karaoke Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Karaoke Market Forecast (2027-2023)
10.2.3. Asia-Pacific Karaoke Market Forecast (2027-2023)
10.2.3.1. China Karaoke Market Forecast (2027-2023)
10.2.3.2. Japan Karaoke Market Forecast (2027-2023)
10.2.3.3. Korea Karaoke Market Forecast (2027-2023)
10.2.3.4. India Karaoke Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Karaoke Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Karaoke Market Forecast (2027-2023)
10.2.4. South America Karaoke Market Forecast (2027-2023)
10.2.4.1. Brazil Karaoke Market Forecast (2027-2023)
10.2.4.2. Argentina Karaoke Market Forecast (2027-2023)
10.2.4.3. Columbia Karaoke Market Forecast (2027-2023)
10.2.4.4. Rest of South America Karaoke Market Forecast (2027-2023)
10.2.5. Middle East and Africa Karaoke Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Karaoke Market Forecast (2027-2023)
10.2.5.2. UAE Karaoke Market Forecast (2027-2023)
10.2.5.3. Egypt Karaoke Market Forecast (2027-2023)
10.2.5.4. Nigeria Karaoke Market Forecast (2027-2023)
10.2.5.5. South Africa Karaoke Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Karaoke Market Forecast (2027-2023)
10.3. Karaoke Market Forecast by Product (2027-2023)
10.3.1. Global Karaoke Sales Forecast by Product (2027-2023)
10.3.2. Global Karaoke Sales Market Share Forecast by Product (2027-2023)
10.4. Karaoke Market Forecast by Application (2027-2023)
10.4.1. Global Karaoke Sales Forecast by Application (2027-2023)
10.4.2. Global Karaoke Sales Market Share Forecast by Application (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Karaoke Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
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Data Collection Matrix |
Supply Side |
Demand Side |
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Primary Data Sources |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
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Qualitative Data |
Quantitative Data (2017-2025) |
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