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Global Quick Service Restaurants Market: By Service Type: Self-Serviced, Assisted Self Serviced, Full Serviced; By Category: Single Outlet, QSR Chain; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Quick Service Restaurants Market Outlook
The global quick service restaurants market attained a value of about USD 447.1 billion in 2021. The market is further expected to grow at a CAGR of 3.73% during the forecast period of 2023-2028 to reach nearly USD 556.9 billion by 2027.
The Versatility of Quick Service Restaurants is Boosting the Growth of the Market
The global market for quick service restaurants is being driven by the rise in demand for fast food items by the working, millennial, and Gen-Z populations. In recent years, quick service restaurants have emerged as preferred eating joints owing to the variety of food items available at cost effective prices and the augmented demand for ready-to-eat and on-the-go food items. The market growth can also be associated with the increasing market penetration of these restaurants in places like shopping centres and airports. As products offered by quick service restaurants are easy to eat, the presence of these restaurants at commercial places is a key factor driving the growth of the market.
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Moreover, owing to the ever-changing demand from consumers and the growing preference for healthier food products, most restaurant chains have restructured their menus to include healthy and vegan food items. This is another significant factor propelling the growth of the market. In addition to this, the adoption of sustainable packaging in the wake of rising environmental concerns, the market is further witnessing growth.
Quick Service Restaurants: Market 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.
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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 EMR report looks into the regional markets of quick service restaurants like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
Incorporation of Technology to Augment Sales is Bolstering the Market Growth of Quick Service Restaurants
The global market for quick service restaurants is being positively influenced by the advent of technology. The boom of online food delivery owing to its convenience, variety, and the rising market penetration of smartphones and internet accessibility is a major factor enhancing the market growth of quick service restaurants. The online food delivery industry further surged amidst the COVID-19 pandemic, thereby providing impetus to the market growth of quick service restaurants. Furthermore, technologies such as self-ordering kiosks and kitchen display screens with user-friendly interfaces are further pushing the growth of the market.
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The growth in the market can also be associated with the upgradation of drive-thru ordering system. The integration of advanced technology like artificial intelligence (AI) by leading market players to propel the drive thru process is augmenting the sales of quick service restaurants, thereby boosting the growth of the market. In addition to this, the introduction of unique packaging techniques, such as innovative cup designs, to prevent spilling during transportation, is also aiding the market growth. Such developments in the quick service restaurant industry are providing impetus to the market growth.
Key Industry Players in the Global Quick Service Restaurants Market
The report presents a detailed analysis of the following key players in the global quick service restaurants market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:
- Subway IP LLC
- McDonald's Corporation
- Restaurant Brands International Inc.
- Yum! Brands, Inc.
- The Wendy's Company
- Domino's Pizza, Inc.
- Others
The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.
Key Highlights of the Report:
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Service Type, Category, Region |
| Breakup by Service Type | Self-Serviced, Assisted Self Serviced, Full Serviced |
| Breakup by Category | Single Outlet, QSR Chain |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Subway IP LLC, McDonald's Corporation, Restaurant Brands International Inc., Yum! Brands, Inc., The Wendy's Company, Domino's Pizza, Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Quick Service Restaurants Market Analysis
8.1 Key Industry Highlights
8.2 Global Quick Service Restaurants Historical Market (2018-2022)
8.3 Global Quick Service Restaurants Market Forecast (2023-2028)
8.4 Global Quick Service Restaurants Market by Service Type
8.4.1 Self-Serviced
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Assisted Self Serviced
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Full Serviced
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Quick Service Restaurants Market by Category
8.5.1 Single Outlet
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 QSR Chain
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Quick Service Restaurants Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Quick Service Restaurants Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Quick Service Restaurants Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Quick Service Restaurants Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Quick Service Restaurants Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Quick Service Restaurants Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Subway IP LLC
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 McDonald's Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Restaurant Brands International Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Yum! Brands, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 The Wendy's Company
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Domino's Pizza, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Quick Service Restaurants Market: Key Industry Highlights, 2018 and 2028
2. Global Quick Service Restaurants Historical Market: Breakup by Service Type (USD Billion), 2018-2022
3. Global Quick Service Restaurants Market Forecast: Breakup by Service Type (USD Billion), 2023-2028
4. Global Quick Service Restaurants Historical Market: Breakup by Category (USD Billion), 2018-2022
5. Global Quick Service Restaurants Market Forecast: Breakup by Category (USD Billion), 2023-2028
6. Global Quick Service Restaurants Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Quick Service Restaurants Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Quick Service Restaurants Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Quick Service Restaurants Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Quick Service Restaurants Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Quick Service Restaurants Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Quick Service Restaurants Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Quick Service Restaurants Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Quick Service Restaurants Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Quick Service Restaurants Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Quick Service Restaurants Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Quick Service Restaurants Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Global Quick Service Restaurants Market Structure
Key Questions Answered in the Report
The global quick service restaurants market attained a value of nearly USD 447.1 billion in 2021.
The market is projected to grow at a CAGR of 3.73% in the forecast period of 2023-2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 556.9 billion by 2027.
The market is being driven by the rising demand for ready-to-eat food options owing to busy lifestyles, versatility of menus, and the strong market penetration of quick service restaurants.
The market growth can be associated with the incorporation of advanced technology like self-ordering kiosks and the use of artificial intelligence to streamline the food ordering process.
The major regional markets for quick service restaurants are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The service types of quick service restaurants are self-serviced, assisted self-serviced, and full serviced.
The major categories of quick service restaurants are single outlet and QSR chain.
The major players in the industry 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.
Analyst Review
The global quick service restaurants market attained a value of about USD 447.1 billion in 2021, driven by the versatility of menus offered by quick service restaurants. Aided by the rising focus on technological driven operations, the market is expected to grow at a CAGR of 3.73% in the forecast period of 2023-2028 to reach nearly USD 556.9 billion by 2027.
EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. On the basis of service type, the market can be divided into self-serviced, assisted self-serviced, and full serviced. Based on category, the market can be categorised into single outlet and QSR chain. The major regional markets for quick service restaurants are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. The key players in the industry 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.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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