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.
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or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/us-fast-food-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
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.
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