The Restaurant Construction industry experienced vastly improved conditions over the five years to 2016. Decreased unemployment and improved disposable income during the recovery period resulted in a greater number of consumers increasing their discretionary expenditures, with restaurant spending growing nominally each year over the five-year period. With increased consumer spending and moderately looser credit conditions, restaurants were able to address their previously deferred expansion and remodeling plans and began entering the industry. In the coming years, the industry is expected to continue to gain strength, albeit at a slower and more sustainable rate. The industry will primarily benefit from rising disposable income, which will enable consumers to ramp up discretionary spending on dining out.
This industry includes operators that engage in new work, additions and reconstruction projects for food service establishments. These include commercial construction projects for fast food restaurants, single-location restaurants, chain restaurants and bars with full food services.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.