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Bars & Nightclubs in the US - Industry Market Research Report

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    Report

  • 52 Pages
  • June 2022
  • Region: United States
  • IBISWorld
  • ID: 16919

Shaken not stirred: Industry revenue will likely grow due to increased consumer spending away from away

The Bars and Nightclubs industry in the United States has experienced growth over the five years to 2018, despite slight declines in revenue during the early half of the five-year period. These dips were a result of shaky consumer confidence and changing consumer preferences, causing more people to drink at home rather than at bars or nightclubs. However, industry revenue growth picked up in the latter half of the period due to the growing domestic economy. Over the five years to 2023, the industry is projected to continue contending with competition from at-home alcohol consumption and nonindustry establishments that also serve alcohol, such as restaurants. Nevertheless, the industry's financial performance is forecast to remain relatively steady as the economy improves and consumer spending increases. Bars will also continue to introduce healthier upscale products like craft beer and organic food to their menus to appeal to consumer tastes.

This industry includes bars, taverns, pubs, lounges, nightclubs and other drinking places that primarily prepare and serve alcoholic beverages for immediate consumption. These establishments may also provide limited food services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.


Table of Contents

ABOUT THIS INDUSTRY

  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources

INDUSTRY AT A GLANCE


INDUSTRY PERFORMANCE

  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle

PRODUCTS & MARKETS

  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations

COMPETITIVE LANDSCAPE

  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization

MAJOR COMPANIES


OPERATING CONDITIONS

  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance

KEY STATISTICS

  • Industry Data
  • Annual Change
  • Key Ratios

JARGON & GLOSSARY

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Hakkasan Group
  • Groot Hospitality
  • The Baldwin Bar
  • Drink Fort Point
  • The Abbey Food & Bar
  • Sullivan's Tap

Methodology

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