![]() ![]() ![]() Creating a delightful karaoke experience can be difficult without the right equipment. The core of any karaoke service is equipment. Starting a karaoke business can cost anywhere from $4,000 to $40,000, with an average of about $22,000. How much does it cost to start a karaoke business? ![]() Number of people employed – The industry employs more than 14,000 people.Number of businesses – There are around 1,500 karaoke businesses in the US.Growth forecast – Industry analyst Market Research Future expects the global karaoke industry to see steady 2% annual growth through 2030.Industry size and past growth – Research firm Statista values the US karaoke bar industry at nearly $1.1 billion in 2021.Hope is growing that the sector will recover as the economy starts to open up and bars and clubs gear up to bring customers back, while more and more people welcome big groups of friends and loved ones into their homes again. Damaged equipment can be expensive to repairĪfter a sharp pandemic-driven downturn in 2020, market analyst IBISWorld expects increased consumer spending to return the US karaoke industry almost all the way back to pre-pandemic levels by the end of 2021. ![]()
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