The U.S.
fast food and quick services restaurants market is expected to
reach USD 263.8 Billion by 2025, according to a new report by Grand View
Research, Inc. Major US fast-food chains are expanding their delivery networks
and improving online ordering systems to capture more business from consumers
who increasingly value convenience and technology.
McDonald’s is rapidly rolling out delivery service at
stores across the country after finding in limited trials that average delivery
orders at some locations generated up to twice as much in sales as in-store
orders, stated the Nation’s Restaurant News reports. McDonald’s also observed
that about 60% of delivery orders were made during the evening and late night,
periods that are typically slower than lunch time service.
Delivery volumes are highest in areas near college
campuses, lower-income neighborhoods, and downtown districts where people
primarily travel by public transit. Pizza restaurants and other outlets with
well-established delivery networks will likely face more competition from the
larger chains that are starting to enter the space.
Domino’s Pizza has gotten ahead of the trend in recent
years by investing heavily in improvements to technologies such as its popular
mobile app, which allows users to order pizza in seconds and track deliveries
in real time. The company says that these tech upgrades have played a
significant role in driving 32% same-store sales growth over the last three
years.
Fried-chicken sandwiches are becoming hot commodities
on fast-food menus as consumers continue to seek out alternatives to burgers
and another standard quick-service fare. Adoption of strategies such as new
product developments, franchising, value meal offerings, enhanced delivery
options and enter into partnerships with apparel brands for merchandise and
other brandings strategies by the major market players are expected to drive
the market for fast food and quick service restaurants in the U.S.
Browse full research report on U.S. Fast Food and Quick Services Restaurants Market: https://www.grandviewresearch.com/industry-analysis/us-fast-food-quick-services-restaurants-market
Further
Key Findings from the Report Suggest:
- Hamburgers emerged as the largest segment because of increasing
consumer demand and comparative preference over other fast food items
- Hamburgers segment is anticipated to remain dominant throughout the
forecast period owing to strong demand for these products from population
of different age groups including children, youth, adults, and old age
population
- Sandwich segment is expected to show a faster growth in the near
future mainly due to
- Some of the key players in the market are Kentucky Fried Chicken
Corporation, Domino’s Pizza, Inc., Pizza Hut, Inc., Taco Bell and
McDonalds Corporation, which are expected to hold a significant share over
the forecast period.
- Key players adopt strategies such as new product developments,
franchising, value meal offerings, enhanced delivery options and enter
into partnerships with apparel brands for merchandise and other brandings
strategies to strengthen their position
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/consumer-goods
Grand
View Research has segmented the U.S. Fast Food and Quick Services Restaurants
Market on the basis of product type.
U.S.
Fast Food & Quick Services Restaurants Product Type Outlook (Revenue, USD
Billion, 2014 - 2025)
- Hamburgers
- Sandwiches
- Pizzas
- Mexican
- Others
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
No comments:
Post a Comment