Pubs, Bars, and Nightclubs Market to Record 3.60% Y-O-Y Growth Rate in 2022, Drivers, Threats & Landscape - Exclusive Market Forecast Report by Technavio

News provided by

Jul 11, 2022, 01:40 ET

NEW YORK, July 11, 2022 /PRNewswire/ -- The pubs, bars, and nightclubs market size is expected to grow by USD 24.60 billion from 2021 to 2026, progressing at a CAGR of 4.28% as per the latest market forecast report by Technavio. The key factor driving growth in the pubs, bars, and nightclubs market is the increasing number of pubs and bars. The growing concept of socializing at bars and pubs among urban youth is expected to drive the market. The growth in the influx of people to urban areas and a substantially large white-collared demographic have increased the number of bars and pubs. Varied tastes and preferences for different types of premium beverages have led to the emergence of premium bars and pubs. The growth in infrastructure like new airports and expressways in developing countries encourage the restaurant and hotel chains to establish rooftop bars and pubs. However, the threat from the rising popularity of home-cooked food and takeaway services will be a major challenge for the pubs, bars, and nightclubs market during the forecast period. Food items found in bars and pubs contain large amounts of carbohydrates, added sugar, salt, unhealthy fats, and artificial food additivities. Therefore, such foods are perceived to be unhealthy by some consumers. This, in turn, increases the risk of various lifestyle-borne diseases.

Technavio has announced its latest market research report titled Pubs, Bars and Nightclubs Market by Product and Geography - Forecast and Analysis 2022-2026

To know about other drivers & challenges along with the market trends - Request a Sample Report

Pubs, Bars, and Nightclubs Market: Segmentation Analysis

Technavio report extensively covers pubs, bars, and nightclubs market segmentation by product (beverages and foods) and geography (Europe, APAC, North America, MEA, and South America).

Product Landscape

The pubs, bars, and nightclubs' market share growth in the beverages segment will be significant for revenue generation.
The increasing demand for alcoholic beverages such as tequila, whiskey, and cognac, coupled with stiff government regulations related to distribution and import, are major factors influencing the segment growth.
The increase in the demand for craft beer, premium alcoholic drinks, and imported brands is expected to drive the global pubs, bars, and nightclubs market.

Geography Landscape

40% of the market's growth will originate from Europe during the forecast period.
The UK and France are the key markets for pubs, bars, and nightclubs in Europe. Market growth in Europe will be faster than the growth of the market in other regions.
The presence of many restaurant chains and high consumer expenditure on leisure activities will facilitate the pubs, bars, and nightclubs' market growth in Europe over the forecast period.

To know about the market contribution of each segment - Grab a sample now!

Pubs, Bars, and Nightclubs Market: Vendor Analysis

The pubs, bars, and nightclubs market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

Accor S.A.
Attaboy
Chyau Fwu Wines and Spirits Pte Ltd
Floreria Atlantico
J D Wetherspoon plc
Kings Head Pub
Maybourne Hotel Group.
Mitchells and Butlers plc
The Atlas
The Clumsies
To know about the vendor offerings - Click Now!

What our reports offer:

Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers market data for 2020, 2021, until 2025
Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements

Related Reports:

The bowling center's market share is expected to increase by USD 2.95 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.45%.
The gym and health clubs' market share is expected to increase by USD 101.18 billion from 2020 to 2025, and the market's growth momentum will decelerate at a CAGR of 15.39%.

Pubs, Bars, and Nightclubs Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.28%
Market growth 2022-2026	USD 24.60 billion
Market structure	Fragmented
YoY growth (%)	3.60
Performing market contribution	Europe at 40%
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	Accor S.A., Attaboy, Chyau Fwu Wines and Spirits Pte Ltd, Floreria Atlantico, J D Wetherspoon plc, Kings Head Pub, Maybourne Hotel Group., Mitchells and Butlers plc, The Atlas, and The Clumsies
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview	If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments.

Table of Content

Executive Summary

Market Landscape

Market ecosystem
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2021
Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

Market Segmentation by Product

Market segments
Comparison by Product
Beverages - Market size and forecast 2021-2026
Foods - Market size and forecast 2021-2026
Market opportunity by Product

Customer landscape

Geographic Landscape

Geographic segmentation
Geographic comparison
Europe - Market size and forecast 2021-2026
APAC - Market size and forecast 2021-2026
North America - Market size and forecast 2021-2026
MEA - Market size and forecast 2021-2026
South America - Market size and forecast 2021-2026
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends

Vendor Landscape

Landscape disruption

Vendor Analysis

Vendors covered
Market positioning of vendors
Accor S.A.
Attaboy
Chyau Fwu Wines and Spirits Pte Ltd
Floreria Atlantico
J D Wetherspoon plc
Kings Head Pub
Maybourne Hotel Group.
Mitchells and Butlers plc
The Atlas
The Clumsies

Appendix

Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio