Tue. Jun 18th, 2024
Quick Service Restaurants Market

The new report by Expert Market Research titled, ‘Global Quick Service Restaurants Market Share, Report and Forecast 2022-2027’, gives an in-depth analysis of the global quick service restaurants market, assessing the market based on its segments like service types, categories, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/quick-service-restaurants-market/requestsample

The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size (2021): USD 447.1 Billion
  • Forecast CAGR (2022-2027): 3.73%
  • Forecast Market Size (2027): USD 556.9 Billion

The market is being driven by the rising consumer demand for ready-to-eat food items owing to the busy lifestyles as a result of dual income households. Thus, the increasing market penetration of quick services restaurants in commercial settings like office complexes, shopping malls, subways, and airports, among others is augmenting the market growth. Quick service restaurants are swift to adapt to shifting trends such as rising demand for vegan, clean-label, and healthy quick bites. Moreover, the cost-effective prices offered by these restaurants is a key factor influencing the growth of the market.

Industry Definition and Segmentation

Quick service restaurants are fast food chains that specialise in preparing food in as little time as possible as the food is prepared in mass quantities.

Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/quick-service-restaurants-market

On the basis of service type, the market can be divided into:

  • Self-Serviced
  • Assisted Self Serviced
  • Full Serviced

Based on category, the market can be segmented into:

  • Single Outlet
  • QSR Chain

The regional markets for the product include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The growth in the market can be associated with the advent of digital technology such as smartphones and internet accessibility which has brought with itself the trends of online food delivery. The online food delivery industry has witnessed a spur in the recent years thereby positively impacting the market growth of quick service restaurants.

The adoption of Artificial Intelligence (AI) to streamline drive through delivery operations with accurate and speedy deliveries is pushing the growth of the market. Moreover, factors such as inflating disposable incomes, innovations in packaging trends, and expansion strategies employed by leading market players are collectively invigorating the market growth of  quick service restaurants.

Key Market Players

The major players in the market are Subway IP LLC, McDonald’s Corporation, Restaurant Brands International Inc., Yum! Brands, Inc., The Wendy’s Company, and Domino’s Pizza, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Related Reports

Europe In-vitro Diagnostics Market- https://www.expertmarketresearch.com/reports/europe-in-vitro-diagnostics-market

Asia Pacific In-vitro Diagnostics Market- https://www.expertmarketresearch.com/reports/asia-pacific-in-vitro-diagnostics-market

Alpha-1 Antitrypsin Deficiency (AATD) Treatment Market- https://www.expertmarketresearch.com/reports/alpha-1-antitrypsin-deficiency-aatd-treatment-market

Canned Food Market- https://www.expertmarketresearch.com/reports/canned-food-market

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact

Company Name: Claight Corporation
Contact Person: Sophia Grace, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com

Leave a Reply

Your email address will not be published. Required fields are marked *