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Bars & Nightclubs in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Bars & Nightclubs Market Research Report | NAICS 72241 | Jan 2015

Drink up: Revenue will stay strong as the economy improves and consumer spending increases

IBISWorld’s Bars & Nightclubs market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$24bn
Annual Growth 10-15
1.5%
Annual Growth 15-20
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Profit
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Employment
372,361
Businesses
70,016
Industry Analysis & Industry Trends

Having emerged from the recession relatively unharmed, the Bars and Nightclubs industry turned around in 2010 and has continued to make strides over the past five years. Revenue growth has been slow, however, hampered by shaky consumer confidence and stubbornly high unemployment, meaning people have been more content to drink at home rather than at bars or nightclubs. In the coming years, bar and nightclub owners will reap the rewards of increasing household incomes and consumer spending, increasing revenue... purchase to read more

Industry Report - Industry Key Buyers Chapter

The industry is highly fragmented and consists of a large number of small businesses that are often family owned and operated. The top four players in the industry account for well under 5.0% of total revenue. Census information indicates that just more than 77.6% of establishments are small businesses employing up to nine people, and a total of 98.3% employ less than 50 people. There are limited economies of scale to be found by owning more than one venue due to the labor intensive and location-specific nature of the industry. Also, the varying state liquor laws make it difficult for owners to form large chains... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Bars & Nightclubs Industry?

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.

Industry Products
Sale of distilled spirit drinksSale of wine drinksSale of beer and aleSale of meals and nonalcoholic beveragesAdmissions to special events and nightclubs, including cover chargesOther (accommodation, cigarettes, rentals and packaged liquor)
 
Industry Activities
Operating licensed barsOperating nightclubsOperating wine barsOperating licensed establishments with limited food service


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