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.
According to the new market research report “Karaoke Machines- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Karaoke Machines market size is projected to reach USD 1.69 billion by 2030, at a CAGR of 3.5% during the forecast period.
- Global Karaoke Machines MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Karaoke Machines- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Karaoke Machines Top10 Players Rankingand Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Karaoke Machines- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Karaoke Machines include Daiichikosho, JYX, Singing Machine, TJ Media, Tonor, Lucky Voice , Platinum Karaoke, Kumyoung, Masingo, Magic Sing, etc. In 2023, the global top five players had a share approximately 27.0% in terms of revenue.
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