Mobile Vocal Booths Market Outlook 2031
The global mobile vocal booths market size was valued at USD 105 Million in 2022 and is expected to reach USD 162.89 Million by 2031 is anticipated to expand at a substantial CAGR 5% during the forecast period 2023-2031. 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.
Mobile Vocal Booths 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 mobile vocal booths 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 mobile vocal booths 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 mobile vocal booths 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.
Scope of the Mobile Vocal Booths Market Report:
The report on global mobile vocal booths market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Mobile Vocal Booths Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Types (3’ X 3’, 4’ X 4’, 6’ X 3’, 16’ X 16’, and Others), Applications (Residential and Commercial)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Voice To Go, Voice Acting, WhisperRooms
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 raised the demand for mobile vocal booths. Growing interest in a portable vocal recording booths in 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 platforms for commercial purposes.
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.
The global mobile vocal booths market has been segmented on the basis of
- 3’ X 3’
- 4’ X 4’
- 6’ X 3’
- 16’ X 16’
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
The major players competing in the global mobile vocal booths market include Voice To Go, Voice Acting, and WhisperRooms. Some of these key players are actively engaged in various business strategies such as merger, partnership, product launch, and expansion of production units to enhance their market position.