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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 2014

Bottoms up: Though competition is strong, renewed consumer spending drives demand

IBISWorld’s Bars & Nightclubs market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$24bn
Annual Growth 09-14
1.4%
Annual Growth 14-19
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Profit
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Employment
371,989
Businesses
69,391
Industry Analysis & Industry Trends

High unemployment and low disposable income drove consumers away from luxuries like trips to bars and nightclubs in the past five years. As consumers cut down on spending across the board, the industry suffered. Competition from a rising trend of drinking at home will continue to hamper the industry over the next five years; however, increased consumer spending will bring the industry back to solid health... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Bars and Nightclubs industry is in a mature phase of its life cycle. This is due to a long-term decline in alcohol consumption and changing consumer preferences toward at-home consumption. The industry is highly competitive and is facing increased competition from other industries, such as casinos, full-service restaurants, as well as establishments that sell packaged alcohol, such as supermarkets and convenience stores. Alcohol consumption patterns are shifting toward drinking out of bottles and cans at home, especially wine and imported beer. Over the 10 years to 2019, industry value added (IVA), which measures an industry's contribution to GDP, is expected to grow at an average annual rate of 1.8%, lower than average annual GDP growth of 2.7% over the same period... 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
Bar operationNightclub operationTavern operation


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