Bars & Nightclubs in the US
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. Over the five years to 2023, the industry is projected to continue contending with competition from in-home alcohol consumption and nonindustry establishments that also serve alcohol, such as restaurants.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook