The global mobile vocal booths market is anticipated to expand at a substantial CAGR during the forecast period 2021-2028. Rising demand for cost-effective voice recording studio and growing number of commercial singers are the key factors driving the market growth.
Mobile vocal booths are portable voice recording studio used to reduce the sound reflections in the room as well as minimize the external noise. The setting of the booth can be arranged as per the requirement of the users and it is generally available in the market having a rigid outer shell that is approximately 2.5 cm thick. The booth consists of a curved area to enclose the microphone arena which has an inner lining circle. Demand for the vocal booth has been in surge due to the COVID-19 pandemic since people have started developing new hobbies, impacted by the movement restriction. This is key factor that helps expand the market growth.
Market Trends, Drivers, Restraints, and Opportunities:
- Increasing trends of home recording studio and rising number of music lovers are the key factors expected to drive the market growth during the forecast period.
- Work from home trend due to the COVID-19 lockdown has influenced several people to develop music as hobby, which is projected to boost the market growth.
- Rising awareness of the booths and increasing production of cost-effective and highly durable booths are acting as other key factors that can fuel the market expansion.
- Lack of awareness about mobile vocal booths and less voice quality recording as compared to conventional recording studio act as key factors that can inhibit market growth in the coming years.
- Rising investing in mobile vocal booths for creating high quality content and the rapid growth of the podcast market are anticipated to boost the market growth.
- Gradual establishment of a strong distribution network of the booth service across the globe is anticipated to offer major opportunities for the market expansion.
Global mobile vocal booths market Segment Insights:
Based on the types, the mobile vocal booths market is segmented into 3’ X 3’, 4’ X 4’, 6’ X 3’, 16’ X 16’, and others. In 2020, the 4' X 4' segmented accounted for a large market share and is anticipated to expand at a robust CAGR during the forecast period. The segment growth can be attributed to growing demand for small sized home recording equipment.
On the basis of applications, the global mobile vocal booths market is divided into residential and commercial. The residential segment is expected to exhibit a high CAGR in the coming years owing to the COVID-19 pandemic impact that raise the demand for mobile vocal booths. Growing interest of portable vocal recording booth in the residential areas is due to the increasing per capita income of consumers. On the other hand, the commercial segment is growing at a healthy rate and is projected to grow substantially in the coming years due to the rising demand for music recording space or platform for commercial purpose.
In terms of regions, the mobile vocal booths market is classified as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. In 2020-2021. North American held a dominant market share in 2019 and is expected to grow at a significant rate during the forecast period. The early adoption of mobile vocal booths in countries such as the US and Canada is a key factor that drives the regional market. However, the market in Asia Pacific market is anticipated to exhibit high CAGR owing to the increasing number of independent artists and rising number of commercially-successful music bands in the region.
About Growth Market Reports:
GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys.
Contact:
Growth Market Reports
Phone: +1 909 414 1393
Email: sales@growthmarketreports.com
Web: https://growthmarketreports.com
Follow Us: LinkedIn | Twitter