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Bar Tools Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type and Distribution Channel

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    Report

  • 129 Pages
  • May 2022
  • Region: Global
  • The Insight Partners
  • ID: 5623588
UP TO OFF until Mar 15th 2023
The bar tools market is expected to grow from US$ 1,788.58 million in 2021 to US$ 2,334.89 million by 2028; it is estimated to grow at a CAGR of 5.2% from 2021 to 2028.

The shift of the drinking culture to home has led to the growing trend of in-house bars and the increasing consumption of alcohol at home, thereby boosting the sales of bar tools. Bar tools are being increasingly used to prepare cocktails and mocktails at home.

Based on type, the global bar tools market is segmented into cocktail glasses, cocktail shakers, bottle openers, bar tool sets, and others. In 2020, the bar tool sets segment led the bar tools market. The bar tool set is a set of various bar tools together at a discounted price, and the tools included in a bar tool set vary from manufacturer to manufacturer.

The bar tools market, based on geography, is segmented into North America, Europe, Asia Pacific (APAC), South & Central America (SCAM), and the Middle East & Africa (MEA). In 2020, North America dominated the global market. The changing lifestyle of consumers and the growing health awareness have led to an increasing preference for low-alcoholic drinks such as cocktails, driving the demand for bar tools in North America. Stylish cocktail glasses are used for providing an aesthetic and elegant look to the in-house bars. Moreover, consumers are increasingly focusing on mixing and creating new drinks at home, leading to a rise in demand for bar tools such as cocktails or wine shakers, bar spoons, and a measuring jigger. Europe is the second-largest market for bar tools, and Asia Pacific is expected to be the fastest-growing region in the bar tools market.



Many industries, such as the consumer goods industry, faced unprecedented challenges due to the COVID-19 pandemic. The shortage of raw materials and labor, the shutdown of factories, and other operational difficulties due to COVID-19 safety protocols adversely affected the bar tools market. The lockdown severely impacted the supply and production of bar tools, thus, restraining the market's growth. However, vaccination drives have led to a rise in business activities worldwide. The economies are reviving their operations, and the demand for bar tools is expected to rise globally in the coming years. Key manufacturers have resumed their operations, thereby restoring the production capacity of bar tools.

Carlisle FoodService Products, Cocktail Kingdom LLC, Cresimo, Viski, Norpro Inc., OXO, SAHM, Vacu Vin, Rabbit, and Julisk are among the leading players in the bar tools market. These companies are adopting strategies such as mergers & acquisitions and product launches to expand their geographic presence and consumer bases.

The overall global bar tools market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants such as valuation experts, research analysts, and key opinion leaders - specializing in the global bar tools market.


Frequently Asked Questions about the Global Bar Tools Market

What is the estimated value of the Global Bar Tools Market?

The Global Bar Tools Market was estimated to be valued at $1788.58 million in 2021.

What is the growth rate of the Global Bar Tools Market?

The growth rate of the Global Bar Tools Market is 3.9%, with an estimated value of $2334.89 million by 2028.

What is the forecasted size of the Global Bar Tools Market?

The Global Bar Tools Market is estimated to be worth $2334.89 million by 2028.

Who are the key companies in the Global Bar Tools Market?

Key companies in the Global Bar Tools Market include Carlisle FoodService Products, Cocktail Kingdom LLC, Cresimo, Viski, Norpro Inc., OXO, SAHM, Vacu Vin and Juliska.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
3.2.8 Limitations and Assumptions:
4. Global Bar Tools Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Suppliers
4.2.3 Bargaining Power of Buyers
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
5. Global Bar Tools Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Inclination Toward In-House Bars
5.1.2 Increasing Adoption of E-Commerce
5.2 Market Restraints
5.2.1 Stringent Regulatory Framework
5.3 Market Opportunities
5.3.1 Product Innovations
5.4 Future Trends
5.4.1 Surging Development and Adoption of Eco-Friendly Bar Tools
5.5 Impact Analysis of Drivers and Restraints
6. Bar Tools - Global Market Analysis
6.1 Bar Tools Market Overview
6.2 Bar Tools Market - Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning
7. Bar Tools Market Analysis - By Type
7.1 Overview
7.2 Bar Tools Market, By Type (2020 and 2028)
7.3 Cocktail Glasses
7.3.1 Overview
7.3.2 Cocktail Glasses: Bar Tools Market - Revenue and Forecast to 2028 (US$ Mn)
7.4 Cocktail Shakers
7.4.1 Overview
7.4.2 Cocktail Shakers: Bar Tools Market - Revenue and Forecast to 2028 (US$ Mn)
7.5 Bottle Openers
7.5.1 Overview
7.5.2 Bottle Openers: Bar Tools Market - Revenue and Forecast to 2028 (US$ Mn)
7.6 Bar Tool Set
7.6.1 Overview
7.6.2 Bar Tool Set: Bar Tools Market - Revenue and Forecast to 2028 (US$ Mn)
7.7 Others
7.7.1 Overview
7.7.2 Others: Bar Tools Market - Revenue and Forecast to 2028 (US$ Mn)
8. Bar Tools Market Analysis - By Distribution Channel
8.1 Overview
8.2 Bar Tools Market, By Distribution Channel (2020 and 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: Bar Tools Market- Revenue and Forecast to 2028 (US$ Mn)
8.4 Specialty Stores
8.4.1 Overview
8.4.2 Specialty Stores: Bar Tools Market- Revenue and Forecast to 2028 (US$ Mn)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Bar Tools Market- Revenue and Forecast to 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: Bar Tools Market- Revenue and Forecast to 2028 (US$ Mn)
9. Bar Tools Market - Geographic Analysis
9.1 Overview
9.2 North America Bar Tools Market Revenue and Forecasts to 2028
9.2.1 North America: Bar Tools Market - Analysis and Forecast to 2028 (US$ Million)
9.2.2 North America: Bar Tools Market, by Type
9.2.3 North America: Bar Tools Market, by Distribution Channel
9.2.4 North America: Bar Tools Market, by Key Country
9.2.4.1 US: Bar Tools Market - Analysis and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Bar Tools Market, by Type
9.2.4.1.2 US: Bar Tools Market, by Distribution Channel
9.2.4.2 Canada: Bar Tools Market - Analysis and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Bar Tools Market, by Type
9.2.4.2.2 Canada: Bar Tools Market, by Distribution Channel
9.2.4.3 Mexico: Bar Tools Market - Analysis and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Bar Tools Market, by Type
9.2.4.3.2 Mexico: Bar Tools Market, by Distribution Channel
9.3 Europe Bar Tools Market Revenue and Forecasts to 2028
9.3.1 Europe: Bar Tools Market - Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Bar Tools Market, By Type
9.3.3 Europe: Bar Tools Market, By Distribution Channel
9.3.4 Europe: Bar Tools Market, by Key Country
9.3.4.1 Germany: Bar Tools Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Bar Tools Market, by Type
9.3.4.1.2 Germany: Bar Tools Market, by Distribution Channel
9.3.4.2 France: Bar Tools Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Bar Tools Market, by Type
9.3.4.2.2 France: Bar Tools Market, by Distribution Channel
9.3.4.3 Italy: Bar Tools Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Bar Tools Market, by Type
9.3.4.3.2 Italy: Bar Tools Market, by Distribution Channel
9.3.4.4 UK: Bar Tools Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 UK: Bar Tools Market, by Type
9.3.4.4.2 UK: Bar Tools Market, by Distribution Channel
9.3.4.5 Russia: Bar Tools Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Bar Tools Market, by Type
9.3.4.5.2 Russia: Bar Tools Market, by Distribution Channel
9.3.4.6 Rest of Europe: Bar Tools Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Bar Tools Market, by Type
9.3.4.6.2 Rest of Europe: Bar Tools Market, by Distribution Channel
9.4 Asia Pacific Bar Tools Market Revenue and Forecasts to 2028
9.4.1 Asia-Pacific: Bar Tools Market - Revenue and Forecast to 2028 (US$ Million)
9.4.2 Asia-Pacific: Bar Tools Market, by Type
9.4.3 Asia-Pacific: Bar Tools Market, by Distribution Channel
9.4.4 Asia-Pacific: Bar Tools Market, by Key Country
9.4.4.1 Australia: Bar Tools Market - Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: Bar Tools Market, by Type
9.4.4.1.2 Australia: Bar Tools Market, by Distribution Channel
9.4.4.2 China: Bar Tools Market - Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: Bar Tools Market, by Type
9.4.4.2.2 China: Bar Tools Market, by Distribution Channel
9.4.4.3 India: Bar Tools Market - Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: Bar Tools Market, by Type
9.4.4.3.2 India: Bar Tools Market, by Distribution Channel
9.4.4.4 Japan: Bar Tools Market - Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: Bar Tools Market, by Type
9.4.4.4.2 Japan: Bar Tools Market, by Distribution Channel
9.4.4.5 South Korea: Bar Tools Market - Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: Bar Tools Market, by Type
9.4.4.5.2 South Korea: Bar Tools Market, by Distribution Channel
9.4.4.6 Rest of Asia-Pacific: Bar Tools Market - Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of Asia-Pacific: Bar Tools Market, by Type
9.4.4.6.2 Rest of Asia-Pacific: Bar Tools Market, by Distribution Channel
9.5 South and Central America Bar Tools Market Revenue and Forecasts to 2028
9.5.1 South and Central America: Bar Tools Market - Revenue and Forecast to 2028 (US$ Million)
9.5.2 South and Central America: Bar Tools Market, by Type
9.5.3 South and Central America: Bar Tools Market, by Distribution Channel
9.5.4 South and Central America: Bar Tools Market, by Key Country
9.5.4.1 Brazil: Bar Tools Market - Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 Brazil: Bar Tools Market, by Type
9.5.4.1.2 Brazil: Bar Tools Market, by Distribution Channel
9.5.4.2 Argentina: Bar Tools Market - Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 Argentina: Bar Tools Market, by Type
9.5.4.2.2 Argentina: Bar Tools Market, by Distribution Channel
9.5.4.3 Rest of South and Central America: Bar Tools Market - Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 Rest of South and Central America: Bar Tools Market, by Type
9.5.4.3.2 Rest of South and Central America: Bar Tools Market, by Distribution Channel
9.6 Middle East and Africa Bar Tools Market Revenue and Forecasts to 2028
9.6.1 Middle East and Africa: Bar Tools Market - Revenue and Forecast to 2028 (US$ Million)
9.6.2 Middle East and Africa: Bar Tools Market, by Type
9.6.3 Middle East and Africa: Bar Tools Market, by Distribution Channel
9.6.4 Middle East and Africa: Bar Tools Market, by Key Country
9.6.4.1 South Africa: Bar Tools Market - Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 South Africa: Bar Tools Market, by Type
9.6.4.1.2 South Africa: Bar Tools Market, by Distribution Channel
9.6.4.2 UAE: Bar Tools Market - Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 UAE: Bar Tools Market, by Type
9.6.4.2.2 UAE: Bar Tools Market, by Distribution Channel
9.6.4.3 Rest of MEA: Bar Tools Market - Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of MEA: Bar Tools Market, by Type
9.6.4.3.2 Rest of MEA: Bar Tools Market, by Distribution Channel
10. Impact of COVID-19 Pandemic on Global Bar Tools Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
10.2 Europe: Impact Assessment of COVID-19 Pandemic
10.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.4 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.5 South & Central America: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 Carlisle FoodService Products
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Cocktail Kingdom LLC
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Cresimo
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Viski
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Norpro Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 OXO
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 SAHM
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Vacu Vin
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Rabbit
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Juliska
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About the Publisher
12.2 Word Index

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Carlisle FoodService Products
  • Cocktail Kingdom LLC
  • Cresimo
  • Viski
  • Norpro Inc.
  • OXO
  • SAHM
  • Vacu Vin
  • Rabbit
  • Juliska