US Karaoke Bars Industry Reviewed in New IBISWorld Market Study Published at MarketPublishers.com22 May 2012 • by Natalie Aster
LONDON – Due to decreasing and changing alcohol consumption patterns and changing attitudes in society towards alcohol consumption, the US karaoke bars industry is in the decline phase of its life cycle. Competition is also coming from other industries like home video games and online services, with a rising numbers of patrons opting for home based karaoke. Over the ten years to 2017, industry value added, which measures an industry's contribution to gross domestic product, is expected to fall at an average annual rate of 3.9%, much lower than the period's average annual GDP growth of 2.1%.
New market research study “Karaoke Bars in the US” drawn up by IBISWorld offers comprehensive coverage of the scope, size, disposition and growth of the US karaoke bars industry including the key sensitivities and success factors. Furthermore, five-year industry forecasts, growth rates and an analysis of the industry’s players and their market shares are also included.
Karaoke Bars in the US
Published: April, 2012
Price: US$ 910,00
More new market research reports by the publisher can be found at IBISWorld page.