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Table of Contents
Karaoke interactive entertainment machine developed in Japan. By using this machine an amateur singer can sing along with recorded music using a microphone. Lyrics are displayed on a video screen to guide the singer. The music played is instrumental version of a well-known popular song. In some Asian countries such as China, Cambodia or the Philippines, a karaoke box is called a KTV. Initially machine used to be very expensive, but with time the cost of machine is reduced and now these fun entertainment machines are affordable.
Karaoke have gained popularity in very short period and are used in Home, It is majorily used at Venue (Bar/Restaurant), Outdoors and other places to provide entertainment to the guests that involve playing popular music tracks while the guests sing the songs. karaoke machines having both video and recording capability has registered itself in the list of popular electronics items for sale in toy stores and electronics stores.
Based on the product type, In-Home Karaoke Market is segmented into Karaoke Disc Players, Hard Drive Players and All-In-One Systems. Based on end-users or applications, Global In-Home Karaoke Market is categorized into two categories i.e. personal Use and home Party. For home use, CD+G, DVD, VCD and microphone-based players are most popular. Most popular format for English and Spanish is CD+G as it is provided with song selection and quality of recordings. But CD+G has limited graphical capabilities, also CD+G format of a karaoke disc, which contains the lyrics on a specially encoded sub code track, requires special and expensive equipment to play. Whereas VCD and DVD have a moving picture or video background. VCD and DVD are mostly popular in Asian singers due to availability of music and moving picture/video background.
Home Karaoke Market : Product Type
Home Karaoke Market : End Users/ Applications
Global Home Karaoke Market: Competitive Monitoring
Geographical analysis of Home Karaoke Market includes :
Global Home Karaoke Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 123 million |
Forecast Value (2031) |
USD 311.58 million |
CAGR (2025-2030) |
14.2 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Home Karaoke Market was valued at around USD 123 million in 2023 & estimated to reach USD 311.58 million by 2030.
Home Karaoke Market is likely to grow at Compound Annual Growth Rate (CAGR) of 14.2% between 2024 to 2030.
Home Karaoke Market is dominated by the Karaoke Disc Players segment and the Asia Pacific region holds the highest market share in 2023.
Some of the top key players in the Home Karaoke Market are DAM,Hyundai,Pioneer,Mei-Hwa Multimedia,U-BEST,EVIDEO,Thunderstone,InAndOn,Mike bar,SAVJN.
Primary driving factors for the growth of the Home Karaoke Market include High population and rising disposable income in the Asia-Pacific countries.
Yes, the report includes COVID 19 impact on the market.
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