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.
Full
Research Report On U.S. Fast Food & Quick Services Restaurants Market By
Grand View Research:
www.grandviewresearch.com/industry-analysis/us-fast-food-quick-services-restaurants-market
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:
www.grandviewresearch.com/industry/consumer-goods
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 Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/us-fast-food-quick-services-restaurants-market-analysis
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.
For More
Information: www.grandviewresearch.com
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