Bottle service: As the economy improves and consumer spending increases, industry revenue will increase

The Bars and Nightclubs industry in the United States has experienced steady growth over the five years to 2018, despite experiencing slight revenue volatility during the early half of the five-year period. This was a result of shaky consumer confidence causing more people to drink at home rather than at bars or nightclubs. However, the industry is still expected to grow during the period as industry revenue growth picked up in the latter half of the period. Bar and nightclub operators have attempted to respond to volatile growth and increased competition by diversifying new concepts such as wine bars, cocktail lounges and brewpubs to attract new demographics...purchase to read more.

Industry Statistics & Market Size
Revenue
$26bn
Annual Growth 13-18
2.7%
Forecast Growth 18-23
Profit
Employment
439,130
Businesses
68,328
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Bar and nightclub operators have attempted to respond to volatile growth by diversifying new concepts
  • Premiumization has helped boost industry revenue
  • The craft beer trend represents an opportunity for the industry
  • 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. US Census Bureau information indicates that just more than 72.8% of establishments are small businesses employing up to nine people, and a total of 97.8% 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. Due...purchase to read more.

    Additional Insights for the Bars & Nightclubs Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Bars & Nightclubs Industry are

  • Having a loyal customer base
  • Ability to quickly adopt new technology
  • Ability to control stock on hand
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Consumer Confidence Index in the Bars & Nightclubs industry impact industry performance..

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    What's in this report

    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 drinks
  • Sale of wine drinks
  • Sale of beer and ale
  • Sale of meals and nonalcoholic beverages
  • Admissions to special events and nightclubs, including cover charges
  • Other (accommodation, cigarettes, rentals and packaged liquor)
  • Industry Activities
  • Operating licensed bars
  • Operating nightclubs
  • Operating wine bars
  • Operating licensed establishments with limited food service
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer spending
  • Consumer Confidence Index
  • Per capita expenditure on alcohol
  • Healthy eating index

  • Current Performance
  • Selective spending
  • Consumption trends
  • Downsizing
  • Chart: Revenue Growth

  • Industry Outlook
  • Beer, wine and premiumization
  • Future risks
  • Establishments to expand
  • Table: Bars & Nightclubs Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Bars & Nightclubs Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Beef & Pork Wholesaling
  • Beer Wholesaling
  • Egg & Poultry Wholesaling
  • Fish & Seafood Wholesaling
  • Wine & Spirits Wholesaling

  • Products & Services
  • Sale of distilled spirit drinks
  • Sale of beer and ale
  • Sale of meals and nonalcoholic beverages
  • Sale of wine drinks
  • Other (accommodation, cigarettes, rentals and packaged liquor)
  • Admissions to special events and nightclubs, including cover charges
  • Chart: Bars & Nightclubs Industry Products and Services Segmentation

  • Demand Determinants
  • Income and expenditure
  • Health consciousness
  • Access and location
  • Regulation

  • Major Markets
  • Consumers aged 45 to 54 years
  • Consumers aged 25 to 34 years
  • Consumers aged 35 to 44 years
  • Consumers aged 55 to 64 years
  • Consumers aged 65 years and older
  • Private sector
  • Consumers aged under 25 years
  • Chart: Major Market Segmentation for the Bars & Nightclubs Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Bars & Nightclubs

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Bars & Nightclubs Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Bars & Nightclubs Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Bars & Nightclubs Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per capita expenditure on alcohol (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Off-Premise Consumption
  • The purchase of alcoholic beverages for consumption at home.
  • On-Premise Consumption
  • The purchase of alcoholic beverages for consumption out of the home environment.
  • Packaged Alcohol
  • The purchase of alcohol packaged in bottles, cans or similar containers.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Bars & Nightclubs provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Bars & Nightclubs:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Bars & Nightclubs market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Bars & Nightclubs, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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