Press release
Global Karaoke Machines Market to Witness a Pronounce Growth During 2023
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.
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Global Karaoke Machines Market: Forecast by Type / Application / Region
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.
Over the next five years, LPI(LP Information) projects that Karaoke Machines will register a 4.3% CAGR in terms of revenue, reach US$ 500 million by 2023, from US$ 400 million in 2017.
Global Karaoke Machines Market: Key Players
Daiichikosho
Acesonic
Pioneer
TJ Media
Singing Machine
Ion Audio
Electrohome
Sakar
Krisvision
RSQ Autio
VocoPro
HDKaraoke
Memorex
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Related Information:
United States Karaoke Machines Market Research Report 2018
Europe Karaoke Machines Market Research Report 2018
North America Karaoke Machines Market Research Report 2018
Asia-Pacific Karaoke Machines Market Research Report 2018
China Karaoke Machines Market Research Report 2018
EMEA Karaoke Machines Market Research Report 2018
Global Karaoke Machines Market Research Report 2018
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