DJ Equipment Market Overview
With the surging requirement for CD players, owing to their ability to serve as alternatives. To conventional turntable equipment, the demand for DJ equipment is soaring globally. Moreover, DJ equipment is rapidly penetrating the music composition industry. Where it is being increasingly used with other automation systems for providing an enhanced sound experience. Additionally, the number of students who want to learn music is surging in several countries. Which is also predicted to propel the sales of DJ equipment in the coming years.
Besides the aforementioned factors, the soaring number of concerts and live performances being organized by singers and professional music creators is also driving the expansion of the global DJ equipment market. Furthermore, the mushrooming number of weddings, parties, and birthday celebrations is also propelling the demand for these systems around the world, as per the observations of P&S Intelligence, a market research company based in India. House DJ, hip-hop DJ, and trance DJ are the most widely used types of DJ equipment.
DJ Equipment Market Size
Out of these, the demand for trance DJ equipment was found to be the highest in the years gone by. Whereas, in the coming years, the sales of hip-hop DJ equipment are expected to rise at the fastest pace. Unlike the house and trance DJ equipment, which can be easily interfered with the conventional turntable design. It is not possible to interface hip-hop DJ equipment with the traditional turntable design.
Headphones, mixers, digital DJ controllers, CD players, special effect lighting systems. Turntables, and speakers are the major components of DJ equipment. . Amongst these, the popularity of CD players is rising. At the fastest pace, on account of the ability of CD players. To easily replace turntables. Geographically, the sales of DJ equipment were observed to be the highest in Europe during the last few years. Whereas, in the forthcoming years, the demand for these systems will rise enormously in Asia-Pacific.
DJ Equipment Market Demand
This will be because of the ballooning use of DJ equipment in various gatherings, functions, and events in the region. Due to the growing influence of the western culture and rapid urbanization, especially in China and India. Out of all the DJ equipment manufacturers globally, Pioneer Electronics Inc. dominated the DJ equipment market in the past, primarily. Because of its large product portfolio. Summitlite International Co. Ltd., Allen & Heath, Novation Digital Music Systems Ltd., Shenzhen X Photoelectric Technology Co. Ltd. and Shenzhen Toploud Electronic Co. Ltd., and Spark Laser Technology Co. Ltd. are the other major players operating in the industry.
Hence, it can be safely said that the sales of DJ equipment will surge sharply in the years to come, mainly because of their mushrooming use in weddings and other public events, growing number of students who are interested in becoming musicians and singers, burgeoning need for CD players, rising influence of Western culture in Asian countries, and the booming popularity of rock and rap music all over the world.
Browse Other Related Reports by P&S Intelligence
Frozen Bakery Market
The fact that the phrase ‘breaking bread’ is used to describe a meal tells how important this humble baked product is for humans. Whether they are those that puff up when baked or unleavened, flat ones, breads are the primary source of carbohydrates, the main energy-giving foods, around the world. However, all such edible items are perishable and have a rather short best-before date, typically of 2–3 days from the day of manufacturing/cooking. Therefore, to increase their shelf life, they are now being deep-frozen.
This is why P&S Intelligence predicts significant growth for the frozen bakery market in the coming years. Freezing such products at between –18 to –40 degrees Celsius stops the growth of mold, thereby preventing them from spoilage and raising their shelf life to up to 12 months! Moreover, deep-freezing helps maintain the nutrient content of bakery products for longer. Hence, with people becoming aware of a healthy life and focusing increasingly on improving their diet, the demand for frozen bakery items is rising.
Apart from breads, cakes, pizzas, pastries, and a huge array of other bakery products are being frozen. In recent years, frozen pizzas have gained widespread popularity as they are readily available at supermarkets and gas stations. These pizzas give people the convenience of taking them home, thawing them, and then simply baking them, thereby helping save the time consumed in making the crust and assembling the toppings. Thus, with people’s lives becoming increasingly busy, they are getting lesser and lesser time to cook a proper meal, in which regard frozen pizzas have become a real life-saver.