Summary
The global Full-Service Restaurants Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
A full service restaurant (FSR) is a sit down eatery where food is served directly to the customers' table. Increasing disposable income is expected to propel growth of the global full service restaurants market over the forecast period. For instance, according to the Bureau of Economic Analysis, the personal income in the U.S. increased U$ 106.8 billion (0.6 percent) in February 2020 and disposable personal income increased US$ 88.7 billion (0.5 percent) and personal consumption expenditures increased $27.7 billion (0.2 percent).
Moreover, significant growth in the tourism sector is also expected to boost growth of the global full service restaurants market. For instance, according to India Brand Equity Foundation, by 2029, the tourism industry in India is expected to reach US$ 488 billion.
Increasing expenditure on dining out is expected to offer lucrative growth opportunities for players in the global full service restaurants market. For instance, according to the U.S. Census Bureau, sales at eating and drinking establishments increased over 4% in 2019, surpassing grocery sales at just 3%. Moreover, increasing sales in the restaurant sector is also expected to aid in growth of the market. For instance, according to The National Restaurant Association, restaurant sales are expected to value US$ 863 billion in 2019 in the U.S., witnessing an increase of 3.6% from 2018.
However, increasing prevalence of Covid-19 is expected to hinder growth of the global full service restaurants market. For instance, as of June 8, 2020, there have been 6,931,000 confirmed cases of COVID-19, including 400,857 deaths, as reported to the World Health Organization.
Major players in the market are focused on expanding their geographical presence. For instance, in May 2018, P. F. Chang's China Bistro started its first location in Shanghai, China.
Key Takeaways
- Increasing disposable income to augment growth of the global full service restaurants market over the forecast period
- Major players in the market are focused on rising funds to enhance their market share. For instance, in April 2020, The Cheesecake Factory Incorporated closed on a US$ 200 million convertible preferred investment from affiliates of Roark Capital.
- Major players operating in the global full service restaurants market include, Red Robin Gourmet Burgers and Brews, P. F. Chang's China Bistro, Joe's Crab Shack, The Cheesecake Factory, Olive Garden, Yard House, BJ's Restaurants, Inc., Bonefish Grill, Pappasito's Cantina, Chuy’s, Season’s 52, Bahama Breeze Island Grille, LongHorn Streakhouse, Abuelo’s, First Watch, Cracker Barrel Old Country Store, Maggiano’s Little Italy, Cheddar's Scratch Kitchen, The Capital Grille, Texas Roadhouse, Applebee's, Chillis's Bar and Grill, IHOP, and Red Lobster.
The Full-Service Restaurants Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Full-Service Restaurants Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Applebee'S
- Chillis'S Bar And Grill
- Olive Garden
- IHOP
- Red Lobster
- ...
By the Product Type, the market is primarily segmented into:
- Fine Dining
- Casual Dining
By Applications, the market is segmented into:
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Full-Service Restaurants Market Report:
- To assess the size of the market by value and volume
- Analyze the Full-Service Restaurants Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Full-Service Restaurants Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Full-Service Restaurants Market
The Full-Service Restaurants Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Full-Service Restaurants Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
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