DJ Console: Key market research findings
- Rising adoption of e-commerce and surging sales of DJ consoles
- Rising demand for DJ consoles in emerging markets
Technavio has released a new market research report on the global DJ console market, which is expected to grow at a CAGR of 2% between 2016 and 2020. Increase in demand for live events and intensifying passion for music among youngsters are driving the demand for DJ consoles. Advances in technology have led to the development of DJ apps that allow track mixing, and are available in both free and paid versions. The Americas lead the global market for DJ consoles, occupying around 46% of the total market share. The growing demand for live music has led to a rise in the number of dance clubs and pubs in the region, thereby increasing the demand for DJ consoles.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The increased adoption of e-commerce is contributing to the growth of the global DJ consoles. It allows vendors to target a global audience without any restrictions and does not require substantial investments on outlets and workforce. A wide range of DJ consoles from all leading manufacturers is available on websites of manufacturers, such as pioneerdj, and popular e-commerce websites, such as ebay and amazon,” says Soumya Mutsuddi, Lead Analyst, Media & Entertainment, Technavio Research
Major DJ console brands are shifting their focus from developed markets to emerging markets because developed markets have reached saturation. Increase in adoption of western culture and growing urbanization have led to a strong demand for DJ consoles in the emerging markets. It has given rise to many growth opportunities for the DJ consoles market in developing countries such as China and India. The market in Asian countries is likely to generate high revenue, as many leading companies are based in this region. For instance, leading DJ console companies such as Denon DJ (inMusic) and Pioneer DJ are based in Japan.
The leading vendors in the global DJ consoles market include Denon DJ (inMusic), GCI Technologies, Native Instruments, Numark Industries, and Pioneer DJ. The market is highly competitive because of the presence of many vendors. Vendors in this market compete on the basis of product differentiation, portfolio, and pricing. Competition in the market is expecetd to intensify during the forecast period owing to increase in product extensions.
A more detailed analysis is available in the Technavio report, Global DJ Consoles Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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