SEARCH   
MEMBER LOGIN    
Forgot Password?

Karaoke Bars: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Karaoke Bars Market Research Report | NAICS OD5336 | Dec 2014

Off key: Staunch external competition will hinder industry performance

IBISWorld’s Karaoke Bars market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$435m
Annual Growth 12-17
-1.2%
Annual Growth 17-22
Annual Growth
Profit
Profit
Employment
6,288
Businesses
1,270
Industry Threats & Opportunities
  • Karaoke bars are anticipated to more closely focus on their target markets to counteract declines in demand
  • Competition from video games and cell phone technology has encroached on industry revenue
  • To counteract structural decline, karaoke bars are anticipated to focus more on their target markets
  • ... purchase to read more

Industry Analysis & Industry Trends

Escalating external competition and tepid growth in alcohol expenditure have harmed the performance of the Karaoke Bars industry over the five years to 2017. Consumer spending has assuaged these factors somewhat, as renewed interest in high-end karaoke bars has stimulated consumer interest in urban areas. Nevertheless, the primary drive behind the industry's structural decline has been the continued shift of karaoke fans away from karaoke bars and into the comfort of their own homes. Over the five years to 2022, industry revenue is anticipated to continue its descent, albeit at a slower rate than during the previous five-year period. As a means to counteract the industry's structural decline, karaoke bars are anticipated to more closely focus on their target markets in the years ahead... ... purchase to read more

Industry Report - Industry Analysis Chapter

Over the five years to 2017, the performance of the Karaoke Bars industry has been damaged by mounting external competition and muted alcohol expenditure growth. The industry’s long-term decline has been mitigated somewhat by two factors. First, consumer spending has remained steady over the past five years; consequently, those who do partake in industry services have not restricted spending on primary offerings, such as food and drink. Secondly, higher-end karaoke bars used to host private events and larger groups, have remained popular among consumer demographics, particularly within urban areas. Private rooms, improved PA systems and song-request platforms have also aided industry growth. Nev.. ... purchase to read more

Additional Insights for the Karaoke Bars Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Karaoke Bars Industry are

  • Having a loyal customer base
  • Ability to quickly adopt new technology
  • Must adhere to licensing requirements
  • IBISWorld analysts also discuss how external factors such as External competition and Consumer spending in the Karaoke Bars industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Karaoke Bars Industry?

    This industry includes bars that offer karaoke entertainment along with food and drinks. Karaoke is a form of interactive entertainment or video game in which amateur singers can sing along with recorded music (or a music video) using a microphone and public address system.

    Industry Products
    AlcoholCover fees, song charges and room rentalsFood and nonalcoholic beverages
     
    Industry Activities
    Operating karaoke loungesServing alcoholServing food and nonalcoholic beverages


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • External competition
  • Consumer spending
  • Number of adults aged 20 to 64
  • Per capita expenditure on alcohol
  • Current Performance
  • Shift away from karaoke
  • Alcohol consumption trends and downsizing
  • Chart: Revenue Growth
  • Industry Outlook
  • Target market focus
  • Technology lessens the blow
  • Table: Karaoke Bars Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Karaoke Bars Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Professional, Scientific and Technical Services
  • Consumers
  • Key Selling Industries
  • Beef & Pork Wholesaling
  • Beer Wholesaling
  • Egg & Poultry Wholesaling
  • Fish & Seafood Wholesaling
  • Frozen Food Wholesaling
  • Soft Drink, Baked Goods & Other Grocery Wholesaling
  • Wine & Spirits Wholesaling
  • Products & Services
  • Alcohol
  • Cover fees, song charges and room rentals
  • Food and nonalcoholic beverages
  • Chart: Karaoke Bars Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Consumers age 35 to 44
  • Consumers age 55 to 64
  • Consumers age 45 to 54
  • Consumers age 25 to 34
  • Consumers over age 65
  • Consumers under age 25
  • Businesses
  • Chart: Major Market Segmentation for the Karaoke Bars Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Karaoke Bars
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Karaoke Bars Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Karaoke Bars Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Karaoke Bars Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per Capita Expenditure on Alcohol (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Auto-Tune
  • Software that manipulates a voice to become in tune with the other parts of the track.
  • Karaoke
  • The act of singing over a popular music track for entertainment, usually publicly broadcast. As a noun it refers to the machine responsible for such activity.
  • Kj
  • A karaoke jockey who is responsible for playing tracks selected by karaoke participants; they are often responsible for triggering a display with lyrics or video to accompany a tune.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Karaoke Bars:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Karaoke Bars market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Karaoke Bars, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    View Sample
    Quote
    Select Clients
    Back to Top