Bar, Pub and Drinking Places Industry Market Research & Statistics

 
  • Currently 5/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
4 votes
Share

Global Bar, Pub & Drinking Places Industry

 

Rising unemployment and falling levels of disposable income due to the economic recession brought about changes in the global bar, pub and drinking places industry as consumers sought to cut back on spending on non-essential goods. Consumers also opted to drink at home, benefiting the beer, wine and liquor store industry, reports IBIS World. As economic recovery results in higher employment and rising levels of disposable income, the global bar, pub and drinking places industry should witness growing demand, with consumers opting to drink outside of the home.

 

The world bar and pub market encompasses bars, pubs, taverns, nightclubs, lounges and other drinking places that serve alcoholic beverages to the public. Some establishments serve beverages that are consumed on the premises. For nightclubs and discotheques, selling alcoholic beverages is their main source of revenue, with some such establishments also offering consumers food services. These establishments have high product turnaround, but low profit margins. This makes the nightclub industry highly sensitive to economic changes, such as the recent downturn.

 

 

Regional Market Share

 

  • The US bar, pub and drinking places industry is expected to record more than 3% growth in 2012 to reach a value of almost $23 billion, reports IBIS World. Though revenue had been declining almost 1% yearly since 2007, the industry saw revenue grow just over 1% in 2010 and almost 4% in 2011. When the economic recession caused the bar and nightclub market to shrink in 2008, it was the first decline in more than ten years.

 

  • In 2010, there were over 55,000 pubs in operation in the UK generating combined revenue in excess of $23 billion, according to research from KeyNote. Around 3,000 pubs closed over the four-year period ending in 2010, and while the industry remains in a state of decline, the rate of closures is predicted to ease in the long term. The UK pub industry has been negatively impacted by the economic recession in recent years. As consumers have declining levels of disposable income, pub outings are less frequent and clients have been opting for cheaper alternatives such as purchasing alcoholic beverages from other sources like supermarkets to drink at home. Pub operators can shift their focus to complimentary services to retain existing clients and attract new customers. Food is one example of how industry players may offset the problems caused by the economic climate. More than a quarter of overall pub revenues are generated through sales of soft drinks, snacks and meals. Because the food industry enjoys higher potential margins than the drinks industry, pubs have been adjusting their strategy to avail of this market potential. The industry is expected to continue declining through 2015 to reach a worth of less than $23 billion. By 2015, it is forecast that there will be just over 54,000 pubs in operation in the UK.

 

  • The UK pubs industry can be divided into three main categories, namely brewer-owned pubs, establishments owned by pub companies and free houses, which are run independently. Chains such as JD Weatherspoon have been able to fare better than free houses by providing consumers with cheap food and drink. Free houses have been more adversely affected by the economic recession, as they do not have the same economies of scale as the larger pub chains working in their favor. In 2005, reforms were introduced that meant pubs needed to adhere to less stringent licensing laws than previously. Later opening hours have meant pubs have been able to generate higher revenues by serving later on the weekend.

 

 

Market Outlook

 

The global pub industry is likely to see drinking establishments change, losing some of their traditional aspects. Pubs will seek to protect market share and increase trade by providing for different demographics; rather than attracting just an evening crowd and selling alcoholic beverages, pubs will aim also to serve meals and coffees to a daytime crowd.

 

 

Leading Industry Associations

 

ReportLinker.com offers immediate download access to top market reports & statistics on the Bar, Pub And Drinking Places Industry from trusted sources.
1-10 of 21 reports

The future of the Bar Pub And Drinking Places Industry in the US

  • September 2014
    5 pages
  • Bar Pub And Dr  

  • United States  

View report >

Bar Pub And Drinking Places Analysis in the UK

  • January 2013
    8 pages
  • Bar Pub And Dr  

  • United Kingdom  

View report >

Public House Markets in the UK Forecast

  • March 2013
    2 pages
  • Public House  

    Restaurant  

  • United Kingdom  

View report >

Nightclub Employment

  • January 2013
    2 pages
  • Nightclub  

    Restaurant  

View report >

Bar Pub And Drinking Places Analysis in United Arab Emirates

  • January 2013
    2 pages
  • Bar Pub And Dr  

  • United Arab Emi  

    United Kingdom  

View report >

Bar Pub And Drinking Places Statistics in Denmark

  • January 2013
    11 pages
  • Bar Pub And Dr  

  • Denmark  

View report >

Bar Pub And Drinking Places Markets in the UK

  • December 2012
    4 pages
  • Bar Pub And Dr  

  • United Kingdom  

View report >

Bar Pub And Drinking Places Profit Margin in the UK

  • November 2012
    4 pages
  • Bar Pub And Dr  

    Public House  

  • United Kingdom  

View report >

Search in Bar, Pub And Drinking Places Industry (21 reports)
Topics under Bar, Pub and Drinking Places

Parent industry:  Tourism

Related industries: Hotel and Lodging, Passenger Transportation, Restaurant and Food Services, Travel Services

About 400 reports

Purchase Reports From Reputable Market Research Publishers
(From € 44 - € 3 688)

Beer, Wine & Liquor Store Lines World Report

Beer, Wine & Liquor Store Lines World Report

  • € 3 688
  • Industry report
  • March 2015
  • by PureData

BEER, WINE & LIQUOR STORE LINES WORLD REPORT The Beer, Wine & Liquor Store Lines World Report gives Market Consumption / Products / Services for over 200 countries by 6 to 10-Digit NAICS Product Codes ...

Beer, Wine & Liquor Stores World Report

March 2015 € 3 688

Coffee Shop Lines World Report

March 2015 € 3 688

Drinking Places (alcoholic Beverages) World Report

March 2015 € 3 688

Drinking Place Lines World Report

March 2015 € 3 688

China Other Liquor Manufacturing Industry, 2015

January 2015 € 2 880

China Liquor Manufacturing Industry, 2015

January 2015 € 2 880

Beer, Wine & Liquor Store Lines Europe Report

March 2015 € 2 375

Beer, Wine & Liquor Stores Europe Report

March 2015 € 2 375

Coffee Shop Lines Europe Report

March 2015 € 2 375

ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - quickly, in one place.