Following the economic recovery, the Restaurant Construction industry has experienced much-improved conditions over the five years to 2018. Falling unemployment and improved disposable income during the period resulted in a greater number of consumers increasing their discretionary expenditures, with restaurant spending growing nominally for most of the five-year period. With increased consumer spending and moderately looser credit conditions, restaurants could address their previously deferred expansion and remodeling plans and begin entering the industry. Over the five years to 2023, the Restaurant Construction industry is expected to lose strength as demand for downstream services begins to flatten and demand for new eating space falters. Demand for industry services will be adversely affected by growing consumer skepticism in the short-term economy and their economic security.
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.
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