Quick Service Restaurants Market by Service and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR43556
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The quick service restaurants market has the potential to grow by USD 119.20 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.55%.

This quick service restaurants market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by service (eat-in service, takeaway service, drive-thru service, and home delivery service) and geography (North America, APAC, Europe, South America, and MEA). The quick service restaurants market report also offers information on several market vendors, including American Dairy Queen Corp., Chick-fil-A Inc., Doctors Associates LLC, Dominos Pizza Inc., Dunkin Brands Group Inc., Inspire Brands Inc., McDonald Corp., Starbucks Coffee Company, The Wendys Co., and YUM Brands Inc. among others.

What will the Quick Service Restaurants Market Size be in 2021?

Quick-Service-Restaurants-Market-Market-Size-2020-2025

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Quick Service Restaurants Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rise in the number of quick service restaurants is notably driving the quick service restaurants market growth, although factors such as fluctuations in raw material prices may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the quick service restaurants industry get your FREE report sample now.

This quick service restaurants market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Quick Service Restaurants Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • American Dairy Queen Corp.
  • Chick-fil-A Inc.
  • Doctors Associates LLC
  • Dominos Pizza Inc.
  • Dunkin Brands Group Inc.
  • Inspire Brands Inc.
  • McDonald Corp.
  • Starbucks Coffee Company
  • The Wendys Co.
  • YUM Brands Inc.

 

The quick service restaurants market is fragmented and the vendors are deploying growth strategies such as new product innovation in their menu to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the quick service restaurants market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Quick Service Restaurants Market?

Quick-Service-Restaurants-Market-Market-Share-by-Region-2020-2025

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43% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for quick service restaurants in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.

The consumers' preference to eat out, brand loyalty, interest in new restaurant experiences, and the introduction of new cuisines and flavors will facilitate the quick service restaurants market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Service Segments in the Quick Service Restaurants Market?

Quick-Service-Restaurants-Market-Market-Share-by-Service-2020-2025

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The quick service restaurants market share growth by the eat-in service segment will be significant during the forecast period. A rise in the global adult population aged 25-49 years is driving the eat-in service market as this consumer segment mostly prefers to dine out. Due to their fast-paced lifestyle and busy working schedules, dining out becomes convenient for them and helps them achieve a work-life balance. Consumers look for flexibility and variety in menus at eat-in outlets. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the quick service restaurants market size.

 

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What are the Key Factors Covered in this Quick Service Restaurants Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive quick-service restaurants market growth during the next five years
  • Precise estimation of the quick-service restaurants market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the quick service restaurants industry across North America, APAC, Europe, South America, and MEA
  • A thorough 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

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Quick Service Restaurants Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4%

Market growth 2021-2025

$ 119.20 billion

Market structure

Fragmented

YoY growth (%)

2.87

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

North America at 43%

Key consumer countries

US, China, Japan, UK, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

American Dairy Queen Corp., Chick-fil-A Inc., Doctors Associates LLC, Dominos Pizza Inc., Dunkin Brands Group Inc., Inspire Brands Inc., McDonald Corp., Starbucks Coffee Company, The Wendys Co., and YUM Brands Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The quick service restaurants market growth will increase by $122.81 billion during 2019-2024.
The quick service restaurants market is expected to grow at a CAGR of 3.37% during 2019-2024.
Technavio has segmented the quick service restaurants market by geographic (North America, APAC, Europe, South America, and MEA).
Chick-fil-A Inc., Inspire Brands Inc., Restaurant Brands International Inc., Starbucks Corp., YUM! Brands Inc. are a few of the key vendors in the quick service restaurants market.
APAC will register the highest growth rate of 40.71% among the other regions. Therefore, the quick service restaurants market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the quick service restaurants market growth are:
  • Rise in the number of quick service restaurants
The quick service restaurants market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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