Karaoke market size to grow by USD 344.98 million between 2022 and 2027; Growth driven by growing popularity of music-related leisure activities - Technavio

NEW YORK, April 6, 2023 /PRNewswire/ -- The karaoke market size is forecasted to increase by USD 344.98 million from 2022 to 2027, at a CAGR of 3.65%, according to a recent market study by Technavio. The growth of the market will be driven by the growing popularity of music-related leisure activities, the advent of cloud-hosted music streaming services, and rising internet and smartphone penetration. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the Sample Report

People across the world are increasingly involved in various leisure activities such as music, traveling, and sports. These activities provide a break from their busy and monotonous lifestyles. Activities such as karaoke are gaining more popularity among people as a stress reliever. Besides, many parents are encouraging their children to opt for music as their career or as an extracurricular activity for their overall development. In addition, the rising disposable income of people has increased their spending on various musical activities, such as using karaoke. Furthermore, the rising number of live music shows has encouraged people to learn to play different types of musical instruments. All these factors are driving the growth of the market.

Vendor Analysis

The global karaoke market is fragmented. Vendors operating in the market are engaged in intense competition to gain more subscribers to their live karaoke packages. They are competing in terms of quality, relevance, content variety, user-friendliness, and advertisement frequency models. Vendors are also coming up with innovative solutions and product offerings that are more diverse and can engage a section of the audience. Some of the key vendors covered in the report include:

• Acoosta Innovations Pvt. Ltd. - The company offers a karaoke system namely Acoosta UNO.
• Audio Video Solutions Corp. - The company offers a karaoke system under its brand GRAND VIDEOKE.
• Circus World Displays Ltd. - The company offers a karaoke system under its brand Electrohome.
• Digital Products International Inc. - The company offers a karaoke system namely iLive IJP557B.
• DAIICHIKOSHO CO. LTD.
• inMusic Brands Inc.
• Jiangmen Boway Sound Equipment Co. Ltd.
• Karaoke USA
• Karavision
• Onkyo Corp. 

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Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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The market is segmented by application (venue, outdoor, and home), product (fixed and portable), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

Segmentation by Venue 

• The market growth in the venue segment will be significant during the forecast period. The segment is primarily driven by the increasing number of nightclubs and restaurants that offer karaoke. Also, the increased adoption of karaoke at business gatherings in countries such as China, Japan, and India is driving the growth of the segment.
• APAC will account for 43% of the market growth during the forecast period. The rising adoption of music streaming services in countries such as China and India has been crucial in driving the growth of the regional market. The increasing number of music events at bars, restaurants, and pubs and the rising number of music service providers are creating significant growth opportunities for vendors operating in APAC.

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What are the key data covered in this karaoke market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the karaoke market between 2023 and 2027
• Precise estimation of the size of the karaoke market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the karaoke market across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of karaoke market vendors

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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

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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.

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