Bar Tools Market Forecast to 2028 | Size, Share & Growth Factors

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Bar Tools Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Cocktail Glasses, Cocktail Shakers, Bottle Openers, Bar Tool Sets, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)

Publication Month: May 2022 | Report Code: TIPRE00028273 | No. of Pages: 129 | Category: Consumer Goods | Status: Published

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.  

Strategic Insights

Report Coverage - Bar Tools Market
Report CoverageDetails
Market Size Value inUS$ 1,788.58 million in 2021
Market Size Value byUS$ 2,334.89 million by 2028
Growth rateCAGR of 3.9% from 2021 to 2028
Forecast Period2021- 2028
Base Year2021
No. of Pages129
No. of Tables56
No. of Charts & Figures69
Historical data availableYes
Segments coveredType and Distribution Channel
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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Bar Tools Market Forecast, by Region, 2021–2028

Bar Tools Market Forecast, by Region, 2021–2028

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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.

Bar Tools Market Share, by Type, 2020–2028

Bar Tools Market Share, by Type, 2020–2028

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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.  

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

Frequently Asked Questions

The major players operating in the global bar tools market are Carlisle FoodService Products, Cocktail Kingdom LLC, Cresimo, Viski, Norpro Inc., OXO, SAHM, Vacu Vin, Rabbit, and Juliska among others
The increasing development of innovative bar tools from various manufacturers can provide potential growth opportunities for the bar tools market in the coming years.
Based on the distribution channel, the specialty stores segment accounted for the largest revenue share as these shops also provide an excellent consumer experience with unique features such as high-level customer service, premium offers, and special discounts.
North America accounted for the largest share of the global bar tools market due to youngsters in the region are opting for house parties rather than going out in bars, which increases the demand for bar tools in residential areas.
Based on type, cocktail shakers are the fastest-growing segment. The cocktail shaker is being increasingly used in in-house bars to create bar-like cocktails at home.
The rising inclination toward in-house bars and the increasing adoption of E-Commerce are some of the key driving factors for the bar tools market.
The List of Companies - Bar Tools Market
  1. Carlisle FoodService Products
  2. Cocktail Kingdom LLC
  3. Cresimo
  4. Viski
  5. Norpro Inc.
  6. OXO
  7. SAHM
  8. Vacu Vin
  9. Rabbit
  10. Juliska
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global bar tools market, thereby allowing players to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
TIPRE00028273
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