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: www.grandviewresearch.com/industry-analysis/us-fast-food-quick-services-restaurants-market
Further
Key Findings From the Study 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: 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
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/us-fast-food-quick-services-restaurants-market-analysis
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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