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Single Location Full-Service Restaurants in the US - Industry Market Research Report

  • October 2017
  • 33 pages
  • Ibisworld
Report ID: 237718

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Dinner rush: Rising consumer spending will heat up industry revenue growth

Abstract

Single Location Full-Service Restaurants in the US

The Single Location Full-Service Restaurants industry has experienced robust growth over the past five years. Since 2012, the improving economy and rising consumer spending have led to consistent growth in restaurant spending. The fine dining segment has done particularly well over the past five years due to quick recovery in the income levels of affluent consumers and the corporate sector. Conversely, restaurants at the lower end of the market have struggled with low growth, as consumers have traded down to the innovative products served by a growing number of new fast-casual chains. The industry’s steady growth is expected to continue over the next five years as the economy improves and consumer spending grows. Despite the optimistic operating conditions, industry restaurants will need to monitor and adjust to shifting consumer preferences. Rising health consciousness and ethical consumerism will present industry operators with ongoing opportunities to reach niche markets with premium products to increase profitability and revenue.


This industry includes single-location, independent or family-operated restaurants that provide food services to patrons who order and are served while seated (i.e. waiter and waitress service), and pay after eating. These establishments may sell alcohol and other beverages, in addition to providing food services to guests.


This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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