Utensils or glasses used to prepare and serve alcoholic and nonalcoholic beverages to residents are referred to as residential bar accessories. Shaker sets, often known as bar sets, are made up of stemware, glasses, mixers, knives, shakers, and other utensils. As a result of the increase in the number of bars in developing nations such as India, China, and Sri Lanka, Asia Pacific is the fastest expanding bar accessory market. Furthermore, the market in Asia Pacific is growing due to an increase in discretionary income among the middle class, as well as the embrace of western culture and rapid growth in the hospitality industry.
MARKET DYNAMICS
As the popularity and consumption of alcoholic beverages grows, the need for domestic bar accessories grows as well. Residential bars are now nearly a standard in many houses, and all linked bar accessory sectors are witnessing enormous development prospects. New accessories trends based on different shakers, glasses, foil cutters, ice buckets, tongs cutter, and other items are surfacing in the home bar accessories market. Different styles and materials are being developed by market players to market accessories, which appears to be enticing customers.
MARKET SCOPE
The "global residential bar accessory market analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the residential bar accessory market with detailed market segmentation by product type and distribution channel. The global residential bar accessory market is expected to witness notable growth during the forecast period. The report provides key statistics on the market status of the leading residential bar accessory market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global residential bar accessory market is segmented on the basis of product type and distribution channel. Based on product type, the global residential bar accessory market is segmented into glassware, cocktail shakers, ice buckets, corkscrews and openers, and others. Based on distribution channel, the market is bifurcated into supermarket and hypermarket, specialty stores, online retail, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the residential bar accessory market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The residential bar accessory market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the residential bar accessory market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the residential bar accessory market in these regions.
MARKET PLAYERS
The reports cover key developments in the residential bar accessory market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from C are anticipated to witness lucrative growth opportunities in the future with the rising demand for luxury hat in the global market. Below mentioned is the list of few companies engaged in the residential bar accessory market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the residential bar accessory market. In addition, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last 3 years, the key development in the past five years.
- Wheel and Barrow Homewares
- Concept GmbH and Co KG
- Ravissant Pvt Ltd
- Homewetbar
- LIFESTYLE 360 DEGREE PVT LTD
- Juvale
- Pure Home+Living
- Nordstrom, Inc.
- Simon Pearce
- Waterford