LONDON--(BUSINESS WIRE)--Technavio has been monitoring the quick service restaurants market and it is poised to grow by USD 122.81 billion during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries. However, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the quick service restaurants market. The market growth in 2020 is likely to increase compared to the market growth in 2019.
Frequently Asked Questions-
- What are the major trends in the market?
- Changing lifestyles and rise in demand for on-the-go food is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of over 3%, the incremental growth of the market is anticipated to be USD 122.81 billion.
- Who are the top players in the market?
- Chick-fil-A Inc., Inspire Brands Inc., Restaurant Brands International Inc., Starbucks Corp., and YUM! Brands Inc. are some of the major market participants.
- What are the key market drivers and challenges?
- Rise in the number of quick service restaurants is one of the major factors driving the market. However, the fluctuations in raw material prices restraints the market growth.
- How big is the APAC market?
- The APAC region will contribute to 41% of market growth.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Chick-fil-A Inc., Inspire Brands Inc., Restaurant Brands International Inc., Starbucks Corp., and YUM! Brands Inc. are some of the major market participants. The rise in the number of quick service restaurants will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this quick service restaurants market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Quick Service Restaurants Market 2020-2024: Segmentation
Quick Service Restaurants Market is segmented as below:
-
Service
- Eat-in Service
- Takeaway Service
- Drive-thru Service
- Home Delivery Service
-
Geography
- North America
- APAC
- Europe
- South America
- MEA
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43556
Quick Service Restaurants Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The quick service restaurants market report covers the following areas:
- Quick Service Restaurants Market Size
- Quick Service Restaurants Market Trends
- Quick Service Restaurants Market Analysis
This study identifies changing lifestyles and rise in demand for on-the-go food as one of the prime reasons driving the quick service restaurants market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Quick Service Restaurants Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist quick service restaurants market growth during the next five years
- Estimation of the quick service restaurants market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the quick service restaurants market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of quick service restaurants market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Service
- Market segments
- Comparison by Service
- Eat-in service - Market size and forecast 2019-2024
- Takeaway service - Market size and forecast 2019-2024
- Drive-thru service - Market size and forecast 2019-2024
- Home delivery service - Market size and forecast 2019-2024
- Market opportunity by Service
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume drivers – Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Chick-fil-A Inc.
- Doctor's Associates LLC
- Domino's Pizza Inc.
- Dunkin' Brands Group Inc.
- Inspire Brands Inc.
- McDonald's Corp.
- Restaurant Brands International Inc.
- Starbucks Corp.
- The Wendy's Co.
- YUM! Brands Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
-
List of abbreviations
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