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Europe 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)

Report Code :  BMIRE00025427
No. of Pages :  89
Published Month :  Jul 2022
Category :  Consumer Goods
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The Europe bar tools market is expected to reach US$ 703.73 million by 2028 from US$ 551.60 million in 2021. The market is estimated to grow at a CAGR of 3.5% from 2021 to 2028.

 

The e-commerce industry is growing rapidly due to the increasing popularity of online buying among consumers. Convenience in buying, ease of use, access to various products, and cost-effectiveness are among the major benefits that attract consumers to this buying method. According to the data cited by Eurostat, the number of e-shoppers among all shoppers in Europe increased from 60% in 2017 to 71% in 2020. Bar tool companies are increasingly using social media platforms to launch marketing campaigns as social media help them target specific customer segments, enabling a wider reach and adaptability. Moreover, these campaigns are fairly inexpensive to use. Companies such as Carlisle Foodservice Products, Cresimo, and Cocktail Kingdom LLC. provide bar tools through their websites and prime e-commerce platforms, such as Amazon, Flipkart, and eBay. Thus, the growing popularity of e-commerce platforms is creating lucrative opportunities for the growth of the bar tools market players in Europe.

 

Vendors in the Europe bar tools market can attract new customers and expand their footprints in emerging markets 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.

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

 

Europe Bar Tools Market  Segmentation    

 

The market for Europe 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 Europe bar tools market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. On the basis of country, the Europe bar tools market is segmented into the Germany, the UK, France, Italy, Russia and Rest of Europe.

 

Europe Bar Tools Market  - Companies Mentioned

 

Cocktail Kingdom LLC; Cresimo; Norpro Inc.; OXO ; SAHM; and Vacu VIN are among the leading companies in the Europe bar tools market.

1.Cocktail Kingdom LLC 
2.Cresimo  
3.Norpro Inc.
4.OXO
5.SAHM
6.Vacu Vin

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe Bar Tools Market.
  • 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 Europe Bar Tools Market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth Europe 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 security interest with respect to client products, segmentation, pricing and distribution.