The Karaoke Bars industry has experienced significant declines in revenue due largely to decreases in per capita alcohol consumption and disposable income brought on by the recession. 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, industry establishments will use technological advances like auto-tune and touch screens to attract new customers and retain old ones.
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 sing along with recorded music (or a music video) using a microphone and public address system.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.