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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 | Apr 2016

Open bar: The movement toward premium beverage consumption will benefit industry operators

The Bars & Nightclubs market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$25bn
Annual Growth 11-16
1.0%
Annual Growth 16-21
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Profit
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Employment
401,798
Businesses
69,354
Industry Analysis & Industry Trends

The Bars and Nightclubs industry has performed modestly over the past five years, as consumer confidence and overall spending have continued to steadily increase. Consumer drinking patterns have also changed over the period, forcing seasoned bar operators to adapt their menus to suit changing consumer tastes. Over the next five years, bar and nightclub owners will reap the rewards of a continued increase in household incomes and consumer spending. However, while moderate alcohol consumption remains an accepted part of the American adult lifestyle, per capita expenditure on alcohol is expected to decrease minimally over the five-year period... purchase to read more

Industry Report - Industry Products Chapter

Sales of liquor, wine and beer

The overwhelming majority of industry revenue stems from alcoholic beverage sales, accounting for about 76.7% of the total. IBISWorld estimates that distilled spirit sales account for about 35.4% of total revenue, while beer and ale account for 33.6% of sales. Wine accounts for 7.7% of sales. Sales of packaged alcohol account for less than 2.0% of revenue. Over the past ten years, there has been a general decline in the proportion of alcohol-related revenue derived from beer and ale, though this trend has been offset by increasing consumption of wine, distilled and mixed spirit drinks. Over the past ten years, high-end cocktail bars have become a more conventional venue for many consumers drinking outside of the home... 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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