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 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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 657.66 Million |
| Market Size by 2028 | US$ 817.44 Million |
| CAGR (2021 - 2028) | 3.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
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
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.
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.
The North America Bar Tools Market report typically cover these key segments-
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:
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:
The North America Bar Tools Market report is valuable for diverse stakeholders, including:
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.
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