Chain Restaurants in the US - Industry Market Research Report
Description
Chain Restaurants in the US
The industry swallowed economic catastrophe, surging recovery and record inflation in the past few years. Before the pandemic, restauranteurs increasingly benefited from economies of scale. Meanwhile, as per capita disposable income increased and unemployment reached record lows, consumers spent more, giving rise to more lavish spending on food away from home, especially on more expensive sit-down meals. However, the pandemic's severe detriment to the overall food service sector, even including 2021's aggressive recovery, mitigated long-run growth. From 2018 to 2022, chain restaurant revenue expanded at a 1.5% CAGR to $57.1 billion, finishing with a 2.5% increase in 2023, where profit lowered to 4.7%.
The industry consists of chain and franchised restaurants of five or more establishments that provide food services to patrons that order, are served while seated (i.e. wait service) and pay after eating. These establishments may provide this type of food service to patrons in combination with alcoholic and other beverages.
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.
The industry swallowed economic catastrophe, surging recovery and record inflation in the past few years. Before the pandemic, restauranteurs increasingly benefited from economies of scale. Meanwhile, as per capita disposable income increased and unemployment reached record lows, consumers spent more, giving rise to more lavish spending on food away from home, especially on more expensive sit-down meals. However, the pandemic's severe detriment to the overall food service sector, even including 2021's aggressive recovery, mitigated long-run growth. From 2018 to 2022, chain restaurant revenue expanded at a 1.5% CAGR to $57.1 billion, finishing with a 2.5% increase in 2023, where profit lowered to 4.7%.
The industry consists of chain and franchised restaurants of five or more establishments that provide food services to patrons that order, are served while seated (i.e. wait service) and pay after eating. These establishments may provide this type of food service to patrons in combination with alcoholic and other beverages.
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.
Table of Contents
46 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
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Pricing
Currency Rates
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