Overview

Open bar: The movement toward premium beverage consumption will benefit industry operators

IBISWorld’s Bars & Nightclubs in New York Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth
12-17
3.0%
Annual Growth
17-22
Profit
Employment
29,833
Business
5,034

Industry Threats & Opportunities

  • New operators are consistently entering the industry to satisfy new consumer trends
  • The rising popularity of craft beer, cider, specialty cocktails and wine has helped sustain the industry
  • Operators that continue to adapt their drink menus to changing customer tastes will ensure steady business

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    Industry Analysis & Industry Trends

    The Bars and Nightclubs in New York industry has experienced steady growth over the past five years. Revenue growth has benefitted from strong gains in consumer confidence, which has contributed to a thriving nightlife culture in major metropolitan areas such as New York City, benefitting industry operators in turn. Per capita alcohol consumption has continued to rise in the state as well, thanks to rises in consumer spending. Over the five years to 2022, the industry is projected to continue facing competition from in-home alcohol consumption and nonindustry establishments that serve alcohol, such as restaurants. In spite of these factors, the industry's financial performance is forecast to remain relatively steady as the economy improves and consumer spending increases...

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    Industry Report - Starting a New Business Chapter

    Capital investment

    Like many industries, the main barrier to entry new operators in the Bars and Nightclubs industry face is access to capital. Opening a new bar or nightclub can be an expensive venture: equipment must be purchased, buildings must be leased and fitted out and suppliers and staff paid with reserve capital until the business can maintain a positive cash flow. Capital requirements can be alleviated to some degree by renting or leasing equipment. As a large amount of revenue in this industry is generated by owner-operators, it may also be possible to enter through the purchase of an existing business or recently closed bar or nightclub operation. However, refurbishing costs may be required with this method.

    ..

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    Additional Insights for the Bars & Nightclubs in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Bars & Nightclubs in New York 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 New York and Consumer Confidence Index in the Bars & Nightclubs in New York industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Bars & Nightclubs in New York 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 (cover charges included)
    Industry Activities
    Operating licensed bars
    Operating nightclubs
    Operating wine bars
    Operating licensed establishments with limited food service

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Consumer Spending in New York
  • Consumer Confidence Index
  • Per Capita Alcohol Consumption in New York
  • Healthy eating index

  • Current Performance
  • Go out or stay home?
  • Consumption trends
  • Downsizing
  • Chart: Revenue Growth

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

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

  • Products & Markets
    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
  • Admissions to special events and nightclubs (cover charges included)
  • Chart: Bars & Nightclubs in New York Industry Products and Services Segmentation

  • 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 in New York Industry

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Bars & Nightclubs in New York

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

  • Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Bars & Nightclubs in New York Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Bars & Nightclubs in New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    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
  • Alcohol packaged for purchase in bottles, cans or similar containers.
  • Why buy this report?

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

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