Press release
Global Karaoke Machines Market is projected to reach 530 Million US$ by 2025
This report presents the worldwide Karaoke Machines market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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A karaoke machine is a machine that enables a user to play a song without the singing and read the words to the song from a TV monitor. They used to be extremely expensive and could only be purchased by this with lots of money, but times have changed a lot and now these fun entertainment machines are affordable and easy for anyone to get. They have gained popularity and are used in Home, For Venue (Bar/Restaurant/KTV), Outdoors and other places to provide entertainment for the guests that involve playing popular music tracks while the guests sing the songs.
First, as for the global karaoke machines industry, the industry structure is relatively concentrated. The top three manufacturers have 36.51% sales market share in 2016. Daiichikosho, which has 12.68% market share in 2016, is the leader in the Karaoke Machines industry. The manufacturers following Daiichikosho are Pioneer and Singing Machine, which respectively has 7.19% and 7.36% market share market. The Daiichikosho is the leader of Japan Karaoke Machines industry. It sells a total of 201.13 million dollar Karaoke Machines products in the year of 2016.
Second, the global consumption of karaoke machines products rises up from about 996 K Units in 2012 to 1230 K Units in 2016, with an average annual growth rate of 5.41%.
Third, as for the Chinese karaoke machines market, it has been in the rapidly increasing period, and technological trends in the market will shift dramatically. Integration of detectors into the smart home will be an opportunity for installers in this market, such as integration with home energy management systems.
The Karaoke Machines market was valued at 400 Million US$ in 2017 and is projected to reach 530 Million US$ by 2025, at a CAGR of 4.1% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Karaoke Machines.
The following manufacturers are covered in this report:
Daiichikosho
Acesonic
Pioneer
TJ Media
Singing Machine
Ion Audio
Electrohome
Sakar
Krisvision
RSQ Autio
VocoPro
HDKaraoke
Memorex
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Karaoke Machines Breakdown Data by Type
Fixed System
Portable System
Karaoke Machines Breakdown Data by Application
Home
For Venue (Bar/Restaurant/KTV)
Outdoors
Karaoke Machines Production by Region
United States
Europe
China
Japan
South Korea
Other Regions
Karaoke Machines Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Karaoke Machines status and future forecastinvolving, production, revenue, consumption, historical and forecast.
To present the key Karaoke Machines manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
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In this study, the years considered to estimate the market size of Karaoke Machines :
History Year: 2013 - 2017
Base Year: 2017
Estimated Year: 2018
Forecast Year: 2018 - 2025
This report includes the estimation of market size for value (million USD) and volume (Set). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Karaoke Machines market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
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