Industry Analysis & Industry Trends
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The Karaoke Bars industry has experienced significant declines in revenue, which has been caused by a decrease in per capita alcohol consumption and lower disposable incomes. The industry will continue to face challenges in the form of increasing alcohol regulations and competition from video games, pirated music and smart phones. To combat these trends, the establishments will use technological advances like auto-tune and touch screens to draw new customers.... purchase to read more
Industry Report - Industry Products Chapter
Alcohol and other drinks
The overwhelming source of revenue in the Karaoke Bars industry is alcoholic beverage sales, accounting for about 58.0% of total revenue (down from 60.0% in 2007). IBISWorld estimates that distilled spirit sales account for about 20.6% of total revenue, while beer and ale account for 32.0% of sales; wine accounts for 5.4% of sales. Over the past five years, there has been a reduction of about 3.0% in the proportion of total revenue derived from on-premises sales and consumption of beer and ale, but this has been offset by the increased consumption of wine and distilled (and mixed) spirit drinks. Thi... purchase to read more