SEARCH   
MEMBER LOGIN    

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 | May 2014

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

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 09-14
1.4%
Annual Growth 14-19
Add to Cart
Profit
Add to Cart
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 Analysis Chapter

The Bars and Nightclubs industry has performed modestly over the past five years as the negative consequences of the recession have weighed on the minds of consumers. Consumer drinking patterns have also changed, forcing seasoned bar operators to adapt their menus to suit changing consumer tastes. Although industry revenue has increased in every year since 2009 as the economy has recovered and consumer spending rates have steadily increased, growth has been slow as delicate consumer confidence has meant spending per customer has only just managed to reach its prerecession high. As a result, IBISWorld expects industry revenue to grow at an annualized rate of 1.4% over the five years to 2014 to $23.5 billion... 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


View Sample
Quote
Select Clients