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Karaoke Market Research Report - Global Forecast till 2024

Global Karaoke Market Size, Share, Industry Information by Type (All-in-One System, Built-In Microphone System, TV Monitor System and MP3 System), Application (Household and Commercial) and Region (North America, Europe, South America, Japan, China, Africa, India, South-East Asia, Middle East and Rest of the World) - Forecast till 2024

ID: MRFR/CR/6562-CR | June 2019 | Region: Global | 88 pages

Market Overview:


The Global Karaoke Market Size is expected to register a CAGR of 2.52% to reach USD 5,733.77 Million by 2024. Karaoke is a form of entertainment in which a singer uses a karaoke machine to perform with prerecorded music using a microphone. The lyrics of the song are displayed on a video screen and images, changing colors, and symbols guide the singer during the performance.


The popularity of karaoke culture is increasing among the global population, irrespective of social status, as it offers a stage to showcase talent and is used to unwind. This has led to the adoption of karaoke as a pastime and corporate entertainment which is resulting in the growth of the global karaoke market.  


Market Dynamics


The global karaoke market is expected to register moderate growth during the forecast period. Increase in the number of karaoke competitions across the world, providing a platform to non-professional singers to exhibit their talent, is contributing to the growth of the global karaoke market. Moreover, the increasing number of bars and restaurants offering karaoke is boosting the growth of the market. However, the rising adoption of karaoke apps is hampering the growth of the karaoke market, globally.     


Global Karaoke Market Revenue, by Product Type, 2024 (USD Million) 
 Karaoke Market_Image


Sources: MRFR Analysis


Segmentation


The all-in-one system segment is expected to be the largest, registering the highest CAGR to reach USD 2,667.11 Million by the end of 2024. A complete karaoke system includes microphones, mixing amplifier, speakers, a karaoke player, speaker stands, DJ LEDs, and visual display. All-in-one systems provide convenience to the users of a complete set-up, which is driving the growth of the segment. This segment is also projected to be the fastest growing during the forecast period.    


Key Players


The prominent players in the Global Karaoke Market are DAIICHIKOSHO CO., LTD. (Japan), Onkyo & Pioneer Corporation (Japan), Memorex (US), The Singing Machine Company, Inc. (US), Electrohome Ltd. (Canada), Ion Audio LLC (US), Karaoke USA (US), VocoPro (US), Pure Acoustics, Inc. (US), Platinum Karaoke (Philippines), and Audio Video Solutions Corporation (Philippines).


The players operating in the global karaoke market are focusing on product innovations and strategic collaborations and investing in strengthening their global footprints by entering untapped markets.   


Global Karaoke Market Share, by Region, 2018 (%)
 Karaoke Market_Image      


Sources: MRFR Analysis


Regional Analysis


The Japanese karaoke market is expected to be the largest during the forecast period. The region accounted for 52.58% of the total market share in 2018. Moreover, the Japanese karaoke market is expected to exhibit the highest CAGR during the forecast period. Karaoke was first developed in Japan from where it gained global acceptance. Karaoke is a popular social activity among the Japanese population which is driving the growth of the market in the region. The European karaoke market held a substantial market share in 2018. The increasing adoption of karaoke systems in pubs and bars in the region is expected to boost the growth of the European karaoke market.     


Market Segmentation


Global Karaoke Market, by Type



  • All-in-One System

  • Built-In Microphone System

  • TV Monitor System

  • MP3 System


Global Karaoke Market, by Application



  • Household

  • Commercial


Global Karaoke Market, by Region



  • Japan

  • Europe

  • China

  • North America

  • South America

  • South-East Asia

  • Middle East

  • India

  • Africa

  • Rest of the World


Available Additional Customizations



  • Company Profiles of Regional Key Players

  • Country-Level Analysis


Intended Audience



  • Karaoke manufacturers

  • Hotels, restaurants, and cafés

  • Traders, wholesalers, and distributors

  • Governments, associations, and industrial bodies

  • Investors and trade experts



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TABLE OF CONTENT

1.1.1 Global Karaoke Market, by Type 14

1.1.2 Global Karaoke Market, by Application 15

1.1.3 Global Karaoke Market, by Region 16

2.1 Definition 17

2.2 Scope of the Study 17

2.3 Market Structure 17

2.4 Key Buying Criteria 18

3.1 Research Process 19

3.2 Primary Research 20

3.3 Secondary Research 21

3.4 Market Size Estimation 22

3.5 List of Assumptions 23

4.1 Introduction 24

4.2 Drivers 25

4.2.1 Increasing Popularity of Karaoke Culture 25

4.2.2 Drivers Impact Analysis 25

4.3 Restraint 26

4.3.1 Rising Adoption of Karaoke Apps 26

4.3.2 Restraints Impact Analysis 26

4.4 Opportunity 26

4.4.1 Growing Expat Communities in Asia-Pacific and the Middle East 26

5.1 Supply Chain Analysis 28

5.2 Porter’s Five Forces Analysis 29

5.2.1 Threat of New Entrants 29

5.2.2 Bargaining Power of Suppliers 30

5.2.3 Threat of Substitutes 30

5.2.4 Bargaining Power of Buyers 30

5.2.5 Rivalry 30

6.1 Overview 31

6.1.1 Global Karaoke Market Estimates & Forecast, by Type, 2014–2024 32

6.2 All-in-One System 33

6.2.1 All-in-One System: Global Karaoke Market Estimates & Forecast, by Region, 2014–2024 33

6.3 Built-In Microphone System 35

6.3.1 Built-In Microphone System: Global Karaoke Market Estimates & Forecast, by Region, 2014–2024 35

6.4 TV Monitor System 37

6.4.1 TV Monitor System: Global Karaoke Market Estimates & Forecast, by Region, 2014–2024 37

6.5 MP3 System 39

6.5.1 MP3 System: Global Karaoke Market Estimates & Forecast, by Region, 2014–2024 39

7.1 Overview 41

7.1.1 Global Karaoke Market Estimates & Forecast, by Application, 2014–2024 42

7.2 Household 43

7.2.1 Household: Global Karaoke Market Estimates & Forecast, by Region, 2014–2024 43

7.3 Commercial 45

7.3.1 Commercial: Global Karaoke Market Estimates & Forecast, by Region, 2014–2024 45

8.1 Overview 47

8.1.1 Global Karaoke Market Estimates & Forecast, by Region, 2014–2024 48

8.2 North America 50

8.2.1 North America Karaoke Market Estimates & Forecast, by Type, 2014–2024 50

8.2.2 North America Karaoke Market Estimates & Forecast, by Application, 2014–2024 51

8.3 Europe 52

8.3.1 Europe Karaoke Market Estimates & Forecast, by Type, 2014–2024 52

8.3.2 Europe Karaoke Market Estimates & Forecast, by Application, 2014–2024 53

8.4 China 54

8.4.1 China Karaoke Market Estimates & Forecast, by Type, 2014–2024 54

8.4.2 China Karaoke Market Estimates & Forecast, by Application, 2014–2024 55

8.5 Japan 56

8.5.1 Japan Karaoke Market Estimates & Forecast, by Type, 2014–2024 56

8.5.2 Japan Karaoke Market Estimates & Forecast, by Application, 2014–2024 57

8.6 Middle East 58

8.6.1 Middle East Karaoke Market Estimates & Forecast, by Type, 2014–2024 58

8.6.2 Middle East Karaoke Market Estimates & Forecast, by Application, 2014–2024 59

8.7 Africa 60

8.7.1 Africa Karaoke Market Estimates & Forecast, by Type, 2014–2024 60

8.7.2 Africa Karaoke Market Estimates & Forecast, by Application, 2014–2024 61

8.8 India 62

8.8.1 India Karaoke Market Estimates & Forecast, by Type, 2014–2024 62

8.8.2 India Karaoke Market Estimates & Forecast, by Application, 2014–2024 63

8.9 South America 64

8.9.1 South America Karaoke Market Estimates & Forecast, by Type, 2014–2024 64

8.9.2 South America Karaoke Market Estimates & Forecast, by Application, 2014–2024 65

8.10 South-East Asia 66

8.10.1 South-East Asia Karaoke Market Estimates & Forecast, by Type, 2014–2024 66

8.10.2 South East Asia Karaoke Market Estimates & Forecast, by Application, 2014–2024 67

8.11 Rest of the World 68

8.11.1 Rest of the World Karaoke Market Estimates & Forecast, by Type, 2014–2024 68

8.11.2 Rest of the World Karaoke Market Estimates & Forecast, by Application, 2014–2024 69

9.1 DAIICHIKOSHO CO., LTD. 70

9.1.1 Company Basic Information and Headquarters 70

9.1.2 Financial Overview 70

9.1.3 Products Offered 70

9.1.4 Main Business/Business Overview 71

9.2 Onkyo & Pioneer Corporation 72

9.2.1 Company Basic Information and Headquarters 72

9.2.2 Financial Overview 72

9.2.3 Products Offered 72

9.2.4 Main Business/Business Overview 73

9.3 Memorex 74

9.3.1 Company Basic Information and Headquarters 74

9.3.2 Financial Overview 74

9.3.3 Products Offered 74

9.3.4 Main Business/Business Overview 74

9.4 The Singing Machine Company, Inc. 75

9.4.1 Company Basic Information and Headquarters 75

9.4.2 Financial Overview 75

9.4.3 Products Offered 75

9.4.4 Main Business/Business Overview 76

9.5 Electrohome Ltd. 77

9.5.1 Company Basic Information and Headquarters 77

9.5.2 Financial Overview 77

9.5.3 Products Offered 77

9.5.4 Main Business/Business Overview 77

9.6 Ion Audio LLC (A part of inMusic, LLC) 78

9.6.1 Company Basic Information and Headquarters 78

9.6.2 Financial Overview 78

9.6.3 Products Offered 78

9.6.4 Main Business/Business Overview 78

9.7 Karaoke USA 79

9.7.1 Company Basic Information and Headquarters 79

9.7.2 Financial Overview 79

9.7.3 Products Offered 79

9.7.4 Main Business/Business Overview 80

9.8 VocoPro 81

9.8.1 Company Basic Information and Headquarters 81

9.8.2 Financial Overview 81

9.8.3 Products Offered 81

9.8.4 Main Business/Business Overview 82

9.9 Pure Acoustics, Inc. 83

9.9.1 Company Basic Information and Headquarters 83

9.9.2 Financial Overview 83

9.9.3 Products Offered 83

9.9.4 Main Business/Business Overview 83

9.10 Platinum Karaoke 84

9.10.1 Company Basic Information and Headquarters 84

9.10.2 Financial Overview 84

9.10.3 Products Offered 84

9.10.4 Main Business/Business Overview 85

9.11 Audio Video Solutions Corporation 86

9.11.1 Company Basic Information and Headquarters 86

9.11.2 Financial Overview 86

9.11.3 Products Offered 86

9.11.4 Main Business/Business Overview 86

10.1 Key Findings 87

11.1 References 87

11.2 Related Reports 87

TABLE 1 PRIMARY INTERVIEWS 20

TABLE 2 LIST OF ASSUMPTIONS 23

TABLE 3 GLOBAL KARAOKE MARKET ESTIMATES & FORECAST, BY TYPE, 2014–2019 (USD MILLION) 32

TABLE 4 GLOBAL KARAOKE MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2024 (USD MILLION) 32

TABLE 5 ALL-IN-ONE SYSTEM: GLOBAL KARAOKE MARKET ESTIMATES & FORECAST, BY REGION, 2014–2019 (USD MILLION) 33

TABLE 6 ALL-IN-ONE SYSTEM: GLOBAL KARAOKE MARKET ESTIMATES & FORECAST, BY REGION, 2020–2024 (USD MILLION) 34

TABLE 7 BUILT-IN MICROPHONE SYSTEM: GLOBAL KARAOKE MARKET ESTIMATES & FORECAST, BY REGION, 2014–2019 (USD MILLION) 35

TABLE 8 BUILT-IN MICROPHONE SYSTEM: GLOBAL KARAOKE MARKET ESTIMATES & FORECAST, BY REGION, 2020–2024 (USD MILLION) 36

TABLE 9 TV MONITOR SYSTEM: GLOBAL KARAOKE MARKET ESTIMATES & FORECAST, BY REGION, 2014–2019 (USD MILLION) 37

TABLE 10 TV MONITOR SYSTEM: GLOBAL KARAOKE MARKET ESTIMATES & FORECAST, BY REGION, 2020–2024 (USD MILLION) 38

TABLE 11 MP3 SYSTEM: GLOBAL KARAOKE MARKET ESTIMATES & FORECAST, BY REGION, 2014–2019 (USD MILLION) 39

TABLE 12 MP3 SYSTEM: GLOBAL KARAOKE MARKET ESTIMATES & FORECAST, BY REGION, 2020–2024 (USD MILLION) 40

TABLE 13 GLOBAL KARAOKE MARKET ESTIMATES & FORECAST, BY APPLICATION, 2014–2019 (USD MILLION) 42

TABLE 14 GLOBAL KARAOKE MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020–2024 (USD MILLION) 42

TABLE 15 HOUSEHOLD: GLOBAL KARAOKE MARKET ESTIMATES & FORECAST, BY REGION, 2014–2019 (USD MILLION) 43

TABLE 16 HOUSEHOLD: GLOBAL KARAOKE MARKET ESTIMATES & FORECAST, BY REGION, 2020–2024 (USD MILLION) 44

TABLE 17 COMMERCIAL: GLOBAL KARAOKE MARKET ESTIMATES & FORECAST, BY REGION, 2014–2019 (USD MILLION) 45

TABLE 18 COMMERCIAL: GLOBAL KARAOKE MARKET ESTIMATES & FORECAST, BY REGION, 2020–2024 (USD MILLION) 46

TABLE 19 GLOBAL KARAOKE MARKET, BY REGION, 2014–2019 (USD MILLION) 48

TABLE 20 GLOBAL KARAOKE MARKET, BY REGION, 2020–2024 (USD MILLION) 49

TABLE 21 NORTH AMERICA: KARAOKE MARKET, BY TYPE, 2014–2019 (USD MILLION) 50

TABLE 22 NORTH AMERICA: KARAOKE MARKET, BY TYPE, 2020–2024 (USD MILLION) 50

TABLE 23 NORTH AMERICA: KARAOKE MARKET, BY APPLICATION, 2014–2019 (USD MILLION) 51

TABLE 24 NORTH AMERICA: KARAOKE MARKET, BY APPLICATION, 2020–2024 (USD MILLION) 51

TABLE 25 EUROPE: KARAOKE MARKET, BY TYPE, 2014–2019 (USD MILLION) 52

TABLE 26 EUROPE: KARAOKE MARKET, BY TYPE, 2020–2024 (USD MILLION) 52

TABLE 27 EUROPE: KARAOKE MARKET, BY APPLICATION, 2014–2019 (USD MILLION) 53

TABLE 28 EUROPE: KARAOKE MARKET, BY APPLICATION, 2020–2024 (USD MILLION) 53

TABLE 29 CHINA: KARAOKE MARKET, BY TYPE, 2014–2019 (USD MILLION) 54

TABLE 30 CHINA: KARAOKE MARKET, BY TYPE, 2020–2024 (USD MILLION) 54

TABLE 31 CHINA: KARAOKE MARKET, BY APPLICATION, 2014–2019 (USD MILLION) 55

TABLE 32 CHINA: KARAOKE MARKET, BY APPLICATION, 2020–2024 (USD MILLION) 55

TABLE 33 JAPAN: KARAOKE MARKET, BY TYPE, 2014–2019 (USD MILLION) 56

TABLE 34 JAPAN: KARAOKE MARKET, BY TYPE, 2020–2024 (USD MILLION) 56

TABLE 35 JAPAN: KARAOKE MARKET, BY APPLICATION, 2014–2019 (USD MILLION) 57

TABLE 36 JAPAN: KARAOKE MARKET, BY APPLICATION, 2020–2024 (USD MILLION) 57

TABLE 37 MIDDLE EAST: KARAOKE MARKET, BY TYPE, 2014–2019 (USD MILLION) 58

TABLE 38 MIDDLE EAST: KARAOKE MARKET, BY TYPE, 2020–2024 (USD MILLION) 58

TABLE 39 MIDDLE EAST: KARAOKE MARKET, BY APPLICATION, 2014–2019 (USD MILLION) 59

TABLE 40 MIDDLE EAST: KARAOKE MARKET, BY APPLICATION, 2020–2024 (USD MILLION) 59

TABLE 41 AFRICA: KARAOKE MARKET, BY TYPE, 2014–2019 (USD MILLION) 60

TABLE 42 AFRICA: KARAOKE MARKET, BY TYPE, 2020–2024 (USD MILLION) 60

TABLE 43 AFRICA: KARAOKE MARKET, BY APPLICATION, 2014–2019 (USD MILLION) 61

TABLE 44 AFRICA: KARAOKE MARKET, BY APPLICATION, 2020–2024 (USD MILLION) 61

TABLE 45 INDIA: KARAOKE MARKET, BY TYPE, 2014–2019 (USD MILLION) 62

TABLE 46 INDIA: KARAOKE MARKET, BY TYPE, 2020–2024 (USD MILLION) 62

TABLE 47 INDIA: KARAOKE MARKET, BY APPLICATION, 2014–2019 (USD MILLION) 63

TABLE 48 INDIA: KARAOKE MARKET, BY APPLICATION, 2020–2024 (USD MILLION) 63

TABLE 49 SOUTH AMERICA: KARAOKE MARKET, BY TYPE, 2014–2019 (USD MILLION) 64

TABLE 50 SOUTH AMERICA: KARAOKE MARKET, BY TYPE, 2020–2024 (USD MILLION) 64

TABLE 51 SOUTH AMERICA: KARAOKE MARKET, BY APPLICATION, 2014–2019 (USD MILLION) 65

TABLE 52 SOUTH AMERICA: KARAOKE MARKET, BY APPLICATION, 2020–2024 (USD MILLION) 65

TABLE 53 SOUTH-EAST ASIA: KARAOKE MARKET, BY TYPE, 2014–2019 (USD MILLION) 66

TABLE 54 SOUTH-EAST ASIA: KARAOKE MARKET, BY TYPE, 2020–2024 (USD MILLION) 66

TABLE 55 SOUTH-EAST ASIA: KARAOKE MARKET, BY APPLICATION, 2014–2019 (USD MILLION) 67

TABLE 56 SOUTH-EAST ASIA: KARAOKE MARKET, BY APPLICATION, 2020–2024 (USD MILLION) 67

TABLE 57 REST OF THE WORLD: KARAOKE MARKET, BY TYPE, 2014–2019 (USD MILLION) 68

TABLE 58 REST OF THE WORLD: KARAOKE MARKET, BY TYPE, 2020–2024 (USD MILLION) 68

TABLE 59 REST OF THE WORLD: KARAOKE MARKET, BY APPLICATION, 2014–2019 (USD MILLION) 69

TABLE 60 REST OF THE WORLD: KARAOKE MARKET, BY APPLICATION, 2020–2024 (USD MILLION) 69

TABLE 61 DAIICHIKOSHO CO, LTD.: PRODUCTS OFFERED, BASIC INFORMATION, AND HEADQUARTERS 70

TABLE 62 DAIICHIKOSHI CO., LTD: FINANCIAL OVERVIEW 70

TABLE 63 ONKYO & PIONEER CORPORATION: PRODUCTS OFFERED, BASIC INFORMATION, AND HEADQUARTERS 72

TABLE 64 ONKYO & PIONEER CORPORATION: FINANCIAL OVERVIEW 72

TABLE 65 MEMOREX: PRODUCTS OFFERED, BASIC INFORMATION, AND HEADQUARTERS 74

TABLE 66 THE SINGING MACHINE COMPANY, INC.: PRODUCTS OFFERED, BASIC INFORMATION, AND HEADQUARTERS 75

TABLE 67 THE SINGING MACHINE COMPANY, INC.: FINANCIAL OVERVIEW 75

TABLE 68 ELECTROHROME: LTD. PRODUCTS OFFERED, BASIC INFORMATION, AND HEADQUARTERS 77

TABLE 69 ION AUDIO LLC PRODUCTS OFFERED, BASIC INFORMATION, AND HEADQUARTERS 78

TABLE 70 KARAOKE USA: PRODUCTS OFFERED, BASIC INFORMATION, AND HEADQUARTERS 79

TABLE 71 VOCOPRO: PRODUCTS OFFERED, BASIC INFORMATION, AND HEADQUARTERS 81

TABLE 72 PURE ACOUSTICS, INC.: PRODUCTS OFFERED, BASIC INFORMATION, AND HEADQUARTERS 83

TABLE 73 PLATINUM KARAOKE: PRODUCTS OFFERED, BASIC INFORMATION, AND HEADQUARTERS 84

TABLE 74 AUDIO VIDEO SOLUTIONS CORPORATION: PRODUCTS OFFERED, BASIC INFORMATION, AND HEADQUARTERS 86

FIGURE 1 MARKET SYNOPSIS 13

FIGURE 2 GLOBAL KARAOKE MARKET ANALYSIS, BY TYPE 14

FIGURE 3 GLOBAL KARAOKE MARKET ANALYSIS, BY APPLICATION 15

FIGURE 4 GLOBAL KARAOKE MARKET ANALYSIS, BY REGION, 2018 16

FIGURE 5 GLOBAL KARAOKE MARKET: MARKET STRUCTURE 17

FIGURE 6 KEY BUYING CRITERIA FOR KARAOKE 18

FIGURE 7 RESEARCH PROCESS OF MRFR 19

FIGURE 8 TOP-DOWN AND BOTTOM-UP APPROACHES 22

FIGURE 9 MARKET DYNAMICS OVERVIEW 24

FIGURE 10 DRIVERS IMPACT ANALYSIS: GLOBAL KARAOKE MARKET 25

FIGURE 11 RESTRAINTS IMPACT ANALYSIS: GLOBAL KARAOKE MARKET 26

FIGURE 12 EXPAT POPULATION IN THE UAE, 2018 27

FIGURE 13 GLOBAL KARAOKE MARKET: SUPPLY CHAIN ANALYSIS 28

FIGURE 14 GLOBAL KARAOKE MARKET: PORTER'S FIVE FORCES ANALYSIS 29

FIGURE 15 GLOBAL KARAOKE MARKET, BY TYPE, 2018 (% SHARE) 31

FIGURE 16 GLOBAL KARAOKE MARKET, BY TYPE, 2014–2024 (USD MILLION) 31

FIGURE 17 GLOBAL KARAOKE MARKET, BY APPLICATION, 2018 (% SHARE) 41

FIGURE 18 GLOBAL KARAOKE MARKET, BY APPLICATION, 2014–2024 (USD MILLION) 41

FIGURE 19 GLOBAL KARAOKE MARKET, BY REGION, 2018 (% SHARE) 47

FIGURE 20 GLOBAL KARAOKE MARKET, BY REGION, 2014–2024 (USD MILLION) 48