(MENAFN- America News Hour) Global Quick Service Restaurant Market valued approximately
USD 11.18 billion in 2018 is anticipated to grow with a healthy growth rate of
more than 7.61% over the forecast period 2019-2026. The Quick Service
Restaurant Market is continuously growing in the global scenario at significant
pace. Quick service restaurants are also known as fast food restaurants. This
type of restaurant focuses on fast food service and limited table service. Take
away or take-out options are also offered. The food is often cooked in bulk
ahead of time and kept hot until sold. Quick service restaurants are often part
of a restaurant chain such as McDonalds or KFC. Fast food is often highly
processed and served in bags or cartons. The food is often prepared at a
central supply facility and then shipped to individual locations where they are
cooked quickly in response to incoming orders. Pre-cooked items are closely
monitored for freshness and holding time. Increase in use of electronic gadgets
and systems in the quick service restaurant industry, where delivery of orders
on time forms the core of success and good relations with customers is the
substantial driving factors of the market during the forecast period. In
addition to this, growing adoption of mobile payment solutions is also fueling
growth of the market. Moreover, surging adoption of advanced technology in
quick service restaurant in emerging economies is the factors that likely to
create numerous opportunity in the near future. However, health concerns such
as obesity, strict government policy associated with plastic packaging and fluctuation
in cost of raw material are the factors that limiting the growth of the market
during the forecast period.
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The regional analysis of Global Quick Service Restaurant Market is considered
for the key regions such as Asia Pacific, North America, Europe, Latin America
and Rest of the World. North America is the leading/significant region across
the world in terms of market share due to high demand for ready-to-eat meals
among consumers and rising number of quick service restaurants in the region. Europe
is estimated to second largest region in the global Quick Service Restaurant
market over the upcoming years. Further, Asia-Pacific is anticipated to exhibit
higher growth rate / CAGR over the forecast period 2019-2026 due to growing
urbanization and increasing awareness among populace regarding with
ready-to-eat meals across the region.
The major market player included in this
report are:
Abcom Pty Ltd.
CAKE Corporation
Cognizant
Delphi Display Systems
GoFrugal Technologies Pvt. Ltd.
HM Electronics Inc.
Imagine! Print Solutions
LG Display
Microsoft Corporation
NCR Corporation
NEC Display Solutions of America Inc.
Oracle Corporation
Panasonic Corporation
PAR Technology Corporation
Restaurant Service Solutions
Revel Systems Inc.
Verifone Systems Inc.
The objective of the study is to define market sizes of different segments
& countries in recent years and to forecast the values to the coming eight
years. The report is designed to incorporate both qualitative and quantitative
aspects of the industry within each of the regions and countries involved in
the study. Furthermore, the report also caters the detailed information about
the crucial aspects such as driving factors & challenges which will define
the future growth of the market. Additionally, the report shall also
incorporate available opportunities in micro markets for stakeholders to invest
along with the detailed analysis of competitive landscape and product offerings
of key players. The detailed segments and sub-segment of the market are explained
below:
By Type:
Hardware
Software
Service
By Application:
Restaurant Operation
Franchise Management
Inventory Management
Others
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
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