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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

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
$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 SWOT Analysis Chapter

The Bars and Nightclubs industry is in a mature phase of its life cycle. This is due to waning growth in per capita 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. The number of industry establishments is expected to increase at an average rate of just 0.3% per year over the 10 years to 2021... 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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