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Nightclubs in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Nightclubs Market Research Report | SIC I56.301 | Aug 2014

An empty dance floor: Revenue contracts as people make a move for cheaper alternatives

The Nightclubs market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
The Luminar Group Limited The Luminar Group Limited market share
Industry Statistics & Market Size
Revenue
£2bn
Annual Growth 10-15
-4.7%
Annual Growth 15-20
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Profit
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Employment
38,748
Businesses
6,965
Industry Analysis & Industry Trends

The music has stopped for many nightclubs during the past five years. Legislation that has extended licensing hours for other drinking establishments and banned smoking indoors in public buildings have removed the industry's main competitive advantage. Late-night revellers once had to go to nightclubs, but they can now stay at a pub or bar and enjoy a wider selection of drinks, cheaper prices and a more relaxed atmosphere.

Nightclubs have also come under pressure from the economic downturn, which has made clubbing unaffordable for many. On top of this, soaring youth unemployment and rising university tuition fees have hit the industry's core demographic hard... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The life cycle of nightclubs has taken a different turn to that of other establishments in the hospitality and service sector. Many industries in the sector have entered a growth phase but nightclubs are well and truly in decline. As a result of the legislative changes, nightclub operators became saturated with external competition. The economic downturn from 2008-09 onwards created tighter credit conditions and reduced consumers' discretionary spending, leading many to trade down to drinking and listening to music at home or at private parties. Industry value added, the contribution made by the industry to the economy, is estimated to decline at a compound annual rate of 3.7% during the 10 years through 2019-20... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Nightclubs Industry?

The Nightclubs industry comprises licensed establishments that provide dance and musical entertainment services. The industry does not include public houses, bars, hotels and restaurants, which principally serve food and beverages.

Industry Products
Alcoholic beveragesEntry feesNon-alcoholic beveragesOther services
 
Industry Activities
Operating sound systems and lightingPlaying themed musicSupplying a dance floorSelling alcoholic beverages for on-site consumption


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