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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 (2017-2027); 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 2022-2027 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.

 

Global Quick Service Restaurants 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: 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.

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.

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.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
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, EMR’s 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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Quick Service Restaurants Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Quick Service Restaurants Historical Market (2017-2021) 
    8.3    Global Quick Service Restaurants Market Forecast (2022-2027)
    8.4    Global Quick Service Restaurants Market by Service Type
        8.4.1    Self-Serviced
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Assisted Self Serviced
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Full Serviced
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    8.5    Global Quick Service Restaurants Market by Category
        8.5.1    Single Outlet
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    QSR Chain
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    Global Quick Service Restaurants Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Subway IP LLC
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    McDonald's Corporation
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Restaurant Brands International Inc.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Yum! Brands, Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    The Wendy's Company
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Domino's Pizza, Inc.
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Quick Service Restaurants Market: Key Industry Highlights, 2017 and 2027
2.    Global Quick Service Restaurants Historical Market: Breakup by Service Type (USD Billion), 2017-2021
3.    Global Quick Service Restaurants Market Forecast: Breakup by Service Type (USD Billion), 2022-2027
4.    Global Quick Service Restaurants Historical Market: Breakup by Category (USD Billion), 2017-2021
5.    Global Quick Service Restaurants Market Forecast: Breakup by Category (USD Billion), 2022-2027
6.    Global Quick Service Restaurants Historical Market: Breakup by Region (USD Billion), 2017-2021
7.    Global Quick Service Restaurants Market Forecast: Breakup by Region (USD Billion), 2022-2027
8.    North America Quick Service Restaurants Historical Market: Breakup by Country (USD Billion), 2017-2021
9.    North America Quick Service Restaurants Market Forecast: Breakup by Country (USD Billion), 2022-2027
10.    Europe Quick Service Restaurants Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    Europe Quick Service Restaurants Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Asia Pacific Quick Service Restaurants Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Asia Pacific Quick Service Restaurants Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Latin America Quick Service Restaurants Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Latin America Quick Service Restaurants Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Middle East and Africa Quick Service Restaurants Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Middle East and Africa Quick Service Restaurants Market Forecast: Breakup by Country (USD Billion), 2022-2027
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 2022-2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 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 2022-2027 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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