Report : Asia Pacific Bar Tools Market Forecast to 2028 - COVID-19 Impact and Regional 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)
Bar Tool Set segment has the Largest Share of Type in the Asia Pacific Bar Tools Market during 2019–2028
According to our latest study on “Asia Pacific Bar Tools Market Forecast to 2028 – COVID-19 Impact and Analysis – by “ Type and Distribution Channel ” the market is projected to reach US$ 637.66 million by 2028 from US$ 444.64 million in 2021; it is expected to grow at a CAGR of 5.3% from 2021 to 2028. The report highlights trends prevailing in the market, and the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as rising inclination toward in-house bars and increasing adoption of e-commerce. However, stringent regulatory framework is hamper the market growth.
Based on type, the bar tools market is segmented into cocktail glasses, cocktail shakers, bottle openers, bar tool set, and others. In 2020, the bar tool set segment accounted for the largest share of the bar tools market. The bar tool set is being increasingly preferred by the household consumers. A bar tool set is an ideal solution for price-conscious buyers and provides an ease of convenience to the consumers by reducing the hassle of purchasing different bar tools separately.
Cocktail Kingdom LLC, Cresimo, Viski, Norpro Inc., OXO, SAHM, Vacu VIN are among the leading companies in the Asia Pacific bar tools market .The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The market for Asia Pacific bar tools market is segmented into type and distribution channel. Based on type, the Asia Pacific bar tools market is segmented into by cocktail glasses, cocktail shakers, bottle openers, bar tool set, and others. Based on distribution channel the Asia Pacific bar tools market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. By Country, the Asia Pacific bar tools market is segmented into China, Japan, India, Australia, South Korea and Rest of Asia Pacific.
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