The global commercial bar equipment market is expected to grow at a 4.8% CAGR during the forecast period. In 2023, the commercial bar equipment market is expected to be worth US$ 1.7 billion. The commercial bar equipment market is expected to be worth US$ 2.7 billion by 2033.
The primary factor driving commercial bar equipment sales is the increase in the number of bars and pubs established in countries around the world that require pristine barware due to its attractive appearance and ease of use. Some customers also purchase home bar equipment. Furthermore, as public awareness of environmental sustainability grows, key companies are working to launch innovative eco-friendly products. BPA-free equipment, for example, is expected to gain popularity and open up new market opportunities. Certain market participants have introduced BPA-free, recyclable, and shatterproof polymer-based bar equipment.
As a result, these factors are likely to drive up demand for commercial bar equipment. The preparation of a cocktail is just as important as the drink itself. Furthermore, in the hospitality industry, the use of high-quality bar equipment for both making and serving drinks is required. In today’s world, any event necessitates a first-rate bar section, which necessitates meticulous attention to detail for both aesthetic and sanitary reasons.
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This is because, in this day and age, people focus not only on the taste and texture of drinks but also on how it is made and presented, which is evidently expected to leave a positive impression on the consumer and, thus, propel the adoption of commercial bar equipment. Key players hence, ensure that their end users are able to offer their customers the best experience in their bar section with an exceptionally well-crafted range of bar equipment from their product range.
Key players also claim that their product range is processed with high-grade factor inputs and progressive technology in accordance with universally accepted standards.
These bar equipment are broadly demanded their accurate dimensions, fine finish, and the facilitation they offer to make and serve beverages. Furthermore, they also offer products as per their client’s specific requirement, which is mostly related to their brand, at reasonable rates.
These equipment are provided with several features, such as unique designs, flawless finishes, and supreme strength, which are likely to support the global commercial bar equipment market growth. Commercial-grade drink blenders are growing in popularity since hand-mixing drinks can take up a lot of time, which can be a hassle during an influx of orders on a busy day at a bar. Therefore, key players recently launched blenders that deliver high-powered blending with less noise and less heat compared to the energy-inefficient alternatives available in the market.
In addition, these blenders can blend drinks successively without overheating and other malfunctions. Hence, these blenders contribute to the increase in sales of commercial bar equipment. The players also provide warranties on most of these high-performance commercial bar equipment that covers parts, labor, and shipping. Furthermore, the players adhere to the latest bar trends, such as laying out practical pieces in a strategic yet aesthetic way. This results in a functional bar that also facilitates quality control and appearance and prevents wastage. All these factors are anticipated to contribute to the product demand and expand the global commercial bar equipment market size.
However, high initial investment and high maintenance of some of this equipment may hinder their demand. Moreover, the overall cost of raw materials, including glass, steel, and others, is rising, which is further expected to hamper the global market growth.
Key Takeaways:
- In 2022, the United States maintained its position as the market leader, with a revenue share that was greater than 5.8%, and is anticipated to achieve a moderate CAGR of 4% by 2033 while maintaining its leading position. The growth in this country is attributed to the well-established market for commercial bar equipment and the presence of key market players and manufacturers. Moreover, the increasing number of bars and pubs opening up across the country is estimated to increase the demand for commercial bar equipment.
- Owing to efficient storage of different types of drinks and smart technologies equipped into the machines, the “refrigeration equipment” type held the highest revenue in 2023, accounting for more than 4.7% of total revenue.
- As a result of efficiency, as well as the choice to make arrangements according to the end user’s requirement, the “semi-automatic” operation type accounted for more than 4.6% in 2023 and is the most sold operation type.
- Moreover, the e-Commerce platform held the highest share as the distribution channel, which is attributed to increasing sales of commercial bar equipment online, owing to the wide product portfolio, attractive graphics, and facilitation of ordering products.
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Competitive Landscape:
Industry players engage in numerous planned product launches and global expansion to promote the brand and sales. They are also expanding their presence across various geographies and entering new markets, especially in developing regions, to expand their customer base and strengthen their presence. The introduction of new innovative products in the market is also being carried out by market players, owing to the surging consumer demands for proper and more efficient bar tools. For instance, Thirstystone launched its barware collection available in stainless steel, marble finishes as well as leather exchange. Moreover, Hydro Flask launched its new cooler cup made from durable 18/8 Pro-Grade Stainless Steel construction that works as a bottle or can cooler along with a 12 oz beverage cup. These factors are anticipated to expand the global commercial bar equipment market size. The following companies are key leaders in the global market for commercial bar equipment:
- Continental Refrigerator
- ONNERA GROUP
- TURBO AIR
- Valpro Refrigeration
- Arc International
- Bormioli Rocco
- Ocean Glass
- Pasabache
- Rona
- Steelite International
- The Oneida Group
- Simple Modern
- I.P.
- HYDRO FLASK
- Home Brew Ohio
- Thirstystone
- Juvale
- The Pioneer Woman
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Key Segments Covered in the Commercial Bar Equipment Market Report
By Type:
- Refrigeration Equipment
- Ice Making Equipment
- Mixing Equipment
- Dishwashers
- Beverage Dispenser Machine
- Other Types
By Operation:
- Automatic
- Semi-automatic
By Sales Channel:
- Direct Channel
- Retail Channel
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & ASEAN
- Oceania
- Middle East & Africa
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