Bar Tools Market Size 2021 Industry Chain and Sales Channels Analysis, Latest Technology, Share,  Growth, Supply-Demand Scenario and Forecast Research Report 2028

The Bar Tools Market is expected to grow from US$ 1,788.58 million in 2021 to US$ 2,334.89 million by 2028; it is estimated to grow at a CAGR of 5.2% from 2021 to 2028.

The shift of the drinking culture to home has led to the growing trend of in-house bars and the increasing consumption of alcohol at home, thereby boosting the sales of bar tools. Bar tools are being increasingly used to prepare cocktails and mocktails at home.

Based on type, the global bar tools market is segmented into cocktail glasses, cocktail shakers, bottle openers, bar tool sets, and others. In 2020, the bar tool sets segment led the bar tools market. The bar tool set is a set of various bar tools together at a discounted price, and the tools included in a bar tool set vary from manufacturer to manufacturer.

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Bar Tools Market - List of 10 Companies
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 bar tools market, based on geography, is segmented into North America, Europe, Asia Pacific (APAC), South & Central America and the Middle East & Africa (MEA). In 2020, North America dominated the global market. The changing lifestyle of consumers and the growing health awareness have led to an increasing preference for low-alcoholic drinks such as cocktails, driving the demand for bar tools in North America. Stylish cocktail glasses are used for providing an aesthetic and elegant look to the in-house bars. Moreover, consumers are increasingly focusing on mixing and creating new drinks at home, leading to a rise in demand for bar tools such as cocktails or wine shakers, bar spoons, and a measuring jigger. Europe is the second-largest market for bar tools, and Asia Pacific is expected to be the fastest-growing region in the bar tools market.

Many industries, such as the consumer goods industry, faced unprecedented challenges due to the COVID-19 pandemic. The shortage of raw materials and labor, the shutdown of factories, and other operational difficulties due to COVID-19 safety protocols adversely affected the bar tools market. The lockdown severely impacted the supply and production of bar tools, thus, restraining the market's growth. However, vaccination drives have led to a rise in business activities worldwide. The economies are reviving their operations, and the demand for bar tools is expected to rise globally in the coming years. Key manufacturers have resumed their operations, thereby restoring the production capacity of bar tools.

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TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
3.2.8 Limitations and Assumptions:
4. Global Bar Tools Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Suppliers
4.2.3 Bargaining Power of Buyers
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
5. Global Bar Tools Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Inclination Toward In-House Bars
5.1.2 Increasing Adoption of E-Commerce
5.2 Market Restraints
5.2.1 Stringent Regulatory Framework
5.3 Market Opportunities
5.3.1 Product Innovations
5.4 Future Trends
5.4.1 Surging Development and Adoption of Eco-Friendly Bar Tools
5.5 Impact Analysis of Drivers and Restraints
6. Bar Tools - Global Market Analysis
6.1 Bar Tools Market Overview
6.2 Bar Tools Market -Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning
7. Bar Tools Market Analysis - By Type
8. Bar Tools Market Analysis - By Distribution Channel
9. Bar Tools Market - Geographic Analysis
Continued…

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