North America Bar Tools Market to Reach $817.44 Million by 2028 at a CAGR of 3.2% - ResearchAndMarkets.com

The "North America Bar Tools Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type and Distribution Channel" report has been added to ResearchAndMarkets.com's offering.

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.

Vendors in the North America 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.

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.

Key Topics Covered:

1. Introduction

2. Key Takeaways

3. Research Methodology

4. North America Bar Tools Market Landscape

5. North America Bar Tools Market - Key Market Dynamics

6. North America Bar Tools - Regional Market Analysis

7. North America Bar Tools Market Analysis - By Type

8. North America Bar Tools Market Analysis - By Distribution Channel

9. North America Bar Tools Market - Country Analysis

10. Company Profiles

11. Appendix

Companies Mentioned

• Carlisle FoodService Products
• Cocktail Kingdom LLC
• Cresimo
• Viski
• Norpro Inc.
• OXO
• SAHM
• Vacu Vin
• Rabbit
• Juliska

For more information about this report visit https://www.researchandmarkets.com/r/9ws8vc

View source version on businesswire.com: https://www.businesswire.com/news/home/20221005005422/en/