The bar tools market is expected to grow from US$ 1,788.58 million in 2021 to US$ 2,334.89 million by 2028; it is estimated to grow at a CAGR of 3.9% from 2021 to 2028.

Bar tools assist the consumers in upgrading their mixology skills at-home bar. Different type of bar tools have their own significance, and they contribute to preparing and serving a quality drink at home.

In 2020, North America dominated the global bar tools market; it is expected to retain its dominance during the forecast period. Increasing alcohol consumption and growing inclination toward having an in-house bar are driving the bar tools market in North America. In North American countries such as the US, Canada, and Mexico, alcohol drinking is a part of all elements of social and family life in both urban and rural populations, which is having a positive impact on the market. Asia Pacific is expected to be the fastest-growing region during the forecast period due to the growing influence of western culture and increasing consumption of alcohol by the middle-class population in countries such as India and China.  

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Bar Tools Market: Strategic Insights

Bar Tools Market

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  CAGR (2021 - 2028)

  3.9%
• Market Size 2021
  US$ 1.79 Billion
• Market Size 2028
  US$ 2.33 Billion

Market Dynamics

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• Carlisle FoodService Products
• Cocktail Kingdom LLC
• Cresimo
• Viski
• Norpro Inc.
• OXO
• SAHM
• Vacu Vin
• Rabbit

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• Cocktail Glasses
• Cocktail Shakers
• Bottle Openers
• Bar Tool Sets
• Others

Distribution Channel

• Supermarkets and Hypermarkets
• Specialty Stores
• Online Retail
• Others

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Market Insights

Increased adoption of E-Commerce

The e-commerce industry is growing rapidly worldwide. Many consumers are increasingly using e-commerce platforms due to their convenience, ease of use, accessibility to various products, and cost-effectiveness. The bar tool companies are increasingly using social media platforms to launch marketing campaigns as social media offers many benefits, such as targeting specific customer segments, enabling a wider reach, and adaptability while being fairly inexpensive to use. Along with this, bar tool manufacturers are also listing their products on e-commerce platforms such as Amazon, Flipkart, and eBay, which is providing growth opportunities for the bar tools market.

Type Insights

Based on type, the bar tools market is segmented into cocktail glasses, cocktail shakers, bottle openers, bar tool sets, and others. The cocktail shakers segment is expected to be the fastest-growing segment. The rising trend of creating new drinks at home has led to the increased use of cocktail shakers for mixing purposes. The cocktail shaker is available in different types of materials, ranging from stainless steel to copper. It is an essential item for the in-house bars. Its built-in strainer helps separate the liquids from the ice and other ingredient particles.

Carlisle FoodService Products, Cocktail Kingdom LLC, Cresimo, Viski, Norpro Inc., OXO, SAHM, Vacu Vin, Rabbit, and Julisk are among the key players operating in the bar tools market. The leading players adopt several strategies, such as mergers & acquisitions and product launches, to expand their geographic presence and consumer base.  

Bar Tools Market Report Scope

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Report Spotlights

• Progressive trends in the bar tools industry to help players develop effective long-term strategies
• Business growth strategies adopted by companies to secure growth in developed and developing markets
• Quantitative analysis of the global bar tools market from 2019 to 2028
• Estimation of the demand for bar tools across various industries
• Porter’s analysis to illustrate the efficacy of buyers and suppliers operating in the industry in predicting the market growth
• Recent developments to understand the competitive market scenario and the demand for bar tools  
• Market trends and outlook, coupled with factors driving and restraining the growth of the market
• Understanding the strategies that underpin commercial interest with regard to the global market growth, aiding in the decision-making process
• The bar tools market size at various nodes of the market
• Detailed overview and segmentation of the global bar tools market and its industry dynamics
• The bar tools market size in various regions with promising growth opportunities

The "Global Bar Tools Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global bar tools market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The market is segmented based on type, distribution channel, and geography. Based on type, the market is segmented into cocktail glasses, cocktail shakers, bottle openers, bar tool sets, and others. Based on the distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. Based on geography, the market is segmented into five main regions—North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. Asia Pacific is expected to be the fastest-growing region, followed by the South & Central America.

Company Profiles

• Carlisle FoodService Products
• Cocktail Kingdom LLC
• Cresimo
• Viski
• Norpro Inc
• OXO
• SAHM
• Vacu Vin
• Rabbit
• Julisk