Over the five years to 2019, the Restaurant Construction industry has benefited from broad economic improvements. Industry operators engage in new work, additions and reconstruction projects for commercial construction projects for food service establishments, including fast food restaurants, single-location restaurants and bars with full food services. Falling unemployment and improved disposable income during the five-year period resulted in a greater number of consumers increasing their discretionary expenditures, with restaurant spending growing nominally for most of the five-year period. Over the five years to 2019, restaurant construction was propped up by increased demand for industry services, as consumer spending on restaurant services increased. During the five-year period, value-priced meals were particularly appealing to cash-strapped consumers, which resulted in the shift toward fast food construction. Furthermore, fast food restaurants have also expanded their array of healthy menu options, a trend that has been particularly appealing to consumers. Over the five years to 2024, the Restaurant Construction industry is expected to lose strength as demand for downstream services begins to flatten and demand for new eating space falters.
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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