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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 | Jan 2017

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

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 12-17
1.0%
Annual Growth 17-22
Annual Growth
Profit
Profit
Employment
405,177
Businesses
68,039
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
  • Younger demographics are increasingly taking to beers with more complex and varied flavor profiles
  • ... purchase to read more

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 Investment Chapter

The Bars and Nightclubs industry exhibits a low-to-moderate level of capital intensity. In 2017, for every $1.00 the average operator spends on wages, it will spend an estimated $0.09 on the use and replacement of capital. The industry is highly dependent on human capital due to its service-oriented nature. Although most staff members are relatively low-skilled, low-cost workers, no bar can function without quality staff with basic product knowledge. For upmarket bars, staff members require a broad knowledge of wine varieties and regions, cocktails and beer types. The average operator spends about 25.3% of its revenue on wages and associated labor costs. The use of staff on hourly rates assists with catering to the variation in the daily and weekly demands and needs of clients.

.. ... 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... purchase to read more

     


    Industry ProductsRelated Reports

    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


    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
  • Consumer Confidence Index
  • Per capita expenditure on alcohol
  • 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 Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Bars & Nightclubs 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 (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
  • 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
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Bars & Nightclubs
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Bars & Nightclubs Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Bars & Nightclubs Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per capita expenditure on alcohol (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • 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:
    • 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 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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