North America Bar Tools Market

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Analysis By Type (Cocktail Glasses, Cocktail Shakers, Bottle Openers, Bar Tool Set, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)


No. of Pages: 88    |    Report Code: BMIRE00025436    |    Category: Consumer Goods

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North America Bar Tools Market

The North America bar tools market is expected to reach US$ 817.44 million by 2028 from US$ 657.66 million in 2021. It is estimated to grow at a CAGR of 3.2% during 2021–2028.

 

There has been an increase in inclination toward in-house bars in recent years. During the COVID-19 pandemic, people preferred alcohol consumption at home, which led to the increased volumes of alcohol delivery, along with a surge in the construction of in-house bars. With this, the demand for creative and stylish cocktail glasses that add to the aesthetics of in-house bars has surged. According to McKinsey and Company, off-premise alcohol sales grew by 55% in March 2020 compared to March 2019. Instacart, a grocery delivery service company, stated that the number of orders containing alcohol grew by more than 75% in March 2020. Thus, the increased consumption of alcohol at home and the rise in the trend of in-house bars contribute to the bar tools market growth.

An urge of creating new drinks using mixology techniques at home further drives the demand for bar tools, such as cocktail or wine shakers, bar spoons, and measuring jiggers, along with muddlers, strainers, and peelers. Ice buckets make it easy to carry ice and the temperature of bottled drinks can be maintained by keeping the bottles in these buckets. Various companies and hotels are providing cocktail kits, including spirit and bar tools, which can be used at home. For instance, The Last Hotel, an HRI property, offers the Moscow Mule cocktail kit (US$ 50), which includes a 200-ml bottle of Tito’s vodka, two bottles of Fever-Tree ginger beer, lime juice, dehydrated lime, a bar spoon, and two copper Mule cups.markets. This factor is likely to drive the cam locks market growth. The Middle East and Africa cam locks market growth is by offering products based on new features and technologies.This factor is likely to drive the market at a good CAGR during the forecast period.

 

North America Bar Tools Market Revenue and Forecast to 2028 (US$ Million)

North America Bar Tools Market Revenue and Forecast to 2028 (US$ Million)
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North America Bar Tools Strategic Insights

Strategic insights for the North America Bar Tools provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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North America Bar Tools Report Scope

Report Attribute Details
Market size in 2021 US$ 657.66 Million
Market Size by 2028 US$ 817.44 Million
Global CAGR (2021 - 2028) 3.2%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Type
  • Cocktail Glasses
  • Cocktail Shakers
  • Bottle Openers
  • Bar Tool Set
By Distribution Channel
  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online Retail
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • Carlisle FoodService Products
  • Cocktail Kingdom LLC
  • Cresimo
  • Viski
  • Norpro Inc.
  • OXO
  • SAHM
  • Vacu Vin
  • Rabbit
  • Juliska
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    North America Bar Tools Regional Insights

    The geographic scope of the North America Bar Tools refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    North America Bar Tools Market Segmentation     

     

    The North America bar tools market is segmented into type and distribution channel. Based on type, the market is segmented into by cocktail glasses, cocktail shakers, bottle openers, bar tool set, and others. Based on distribution channel, the North America bar tools market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. On the basis of country, the North America bar tools market is segmented into the US, Mexico, and Canada.

     

    North America Bar Tools Market – Companies Mentioned

     

    Carlisle FoodService Products ; Cocktail Kingdom LLC; Cresimo; Viski; Norpro Inc.; OXO; SAHM; Vacu VIN; Rabbit; and Juliska are among the leading companies in the North America bar tools market.

     

    The List of Companies - North America 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

    Frequently Asked Questions
    How big is the North America Bar Tools Market?

    The North America Bar Tools Market is valued at US$ 657.66 Million in 2021, it is projected to reach US$ 817.44 Million by 2028.

    What is the CAGR for North America Bar Tools Market by (2021 - 2028)?

    As per our report North America Bar Tools Market, the market size is valued at US$ 657.66 Million in 2021, projecting it to reach US$ 817.44 Million by 2028. This translates to a CAGR of approximately 3.2% during the forecast period.

    What segments are covered in this report?

    The North America Bar Tools Market report typically cover these key segments-

    • Type (Cocktail Glasses, Cocktail Shakers, Bottle Openers, Bar Tool Set)
    • Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail)

    What is the historic period, base year, and forecast period taken for North America Bar Tools Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Bar Tools Market report:

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Who are the major players in North America Bar Tools Market?

    The North America Bar Tools Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Carlisle FoodService Products
  • Cocktail Kingdom LLC
  • Cresimo
  • Viski
  • Norpro Inc.
  • OXO
  • SAHM
  • Vacu Vin
  • Rabbit
  • Juliska
  • Who should buy this report?

    The North America Bar Tools Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the North America Bar Tools Market value chain can benefit from the information contained in a comprehensive market report.