Global Karaoke Market: 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) Industry Forecast till 2024
The global karaoke market is estimated to be valued at USD 5,733.77 million by 2024 and is expected to register a CAGR of 2.52% during the forecast period.
Moreover, karaoke provides the opportunity to expatriates to sing, perform, and enjoy songs in their native/regional languages.
Thus, growing expat communities across the globe are expected to offer market players lucrative opportunities for growth in the coming years.
Karaoke is a popular activity in Japan and usually takes place in private rooms at restaurants and bars with the complete set-up for users.
Europe also held a significant market share and was the second-largest market for karaoke in 2018.
