Lights out: Consumer spending in Massachusetts is expected to increase, boosting industry revenue

Over the five years to 2018, operators in the Bars and Nightclubs industry in Massachusetts have been fighting stagnation. Near-stagnant growth in the demographic of adults between the age of 20 to 64, as well as in per capita expenditure on alcohol, has resulted in flat growth for industry operators. Despite strong gains in the Consumer Confidence index, changes in drinking habits have resulted in a larger number of consumers becoming more particular about where they choose to spend their income. In addition, continued rises in the price of alcoholic beverages have encouraged many consumers to drink at home rather than industry establishments. As a result, the number of industry establishments has declined, and is expected to shrink at an annualized rate of 2.3%...purchase to read more.

Industry Statistics & Market Size
Revenue
$549m
Annual Growth 13-18
0.1%
Forecast Growth 18-23
Profit
Employment
8,783
Businesses
1,023

Industry Threats & Opportunities

  • The industry will be aided by an expected increase in per capita alcohol expenditure
  • Additional Insights for the Bars & Nightclubs in Massachusetts Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Bars & Nightclubs in Massachusetts 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 in Massachusetts and Healthy eating index in the Bars & Nightclubs in Massachusetts industry impact industry performance..

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    What's in this report

    What is the Bars & Nightclubs in Massachusetts 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 in Massachusetts
  • Healthy eating index
  • Number of adults aged 20 to 64 in Massachusetts
  • Per capita expenditure on alcohol
  • Consumer Confidence Index

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Bars & Nightclubs in Massachusetts 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 beer and ale
  • Sale of distilled spirit drinks
  • 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 in Massachusetts Industry Products and Services Segmentation

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

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Bars & Nightclubs in Massachusetts

  • Basis of Competition
    Barriers to Entry
    Drink Fort Point, Sullivan's Tap, The Baldwin Bar, The Tam,
  • Table: Drink Fort Point - financial performance
  • Table: Sullivan's Tap - financial performance
  • Table: The Baldwin Bar - financial performance
  • Table: The Tam - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Bars & Nightclubs in Massachusetts 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 in Massachusetts 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
    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
  • Alcoholic beverages packaged for purchase in bottles, cans or similar containers.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Bars & Nightclubs in Massachusetts can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    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 in Massachusetts:
    • 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 in Massachusetts 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 in Massachusetts, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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