US Restaurant Construction Industry Research Report 2024: Market Revenue Projected To Rise As Demand For New Eating Space Recovers

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Jan. 23, 2025 (GLOBE NEWSWIRE) -- The "Restaurant construction in the US - industry market Research Report" report has been added to ResearchAndMarkets.com's offering.
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.

In recent years, demand for the Restaurant Construction industry has fluctuated. Industry operators engage in new work, additions and reconstruction projects for commercial construction projects for food service establishments, including fast food restaurants, single-location restaurants and bars with full food services.

In 2018, falling unemployment and improved disposable income resulted in heightened consumer spending. With increased consumer spending and moderately looser credit conditions, restaurants could address their previously deferred expansion and remodeling. However, industry demand began to fall in 2019 as nonresidential construction activity slowed down.

In 2020, amid the COVID-19 pandemic, industry revenue plummeted 18.2% as the food service sector was decimated by restaurant closures. However, as pandemic restrictions eased and people chose to dine in, industry revenue decline slowed then reversed in 2021 and 2022. Still, industry revenue is expected to have declined at a CAGR of 0.5% to reach $7.1 billion in 2023, when industry revenue is set to decline 0.3% as high interest rates stifle investment.
This industry includes operators that engage in new work, additions and reconstruction projects for food service establishments. These include commercial construction projects for fast food restaurants, single-location restaurants, chain restaurants and bars with full food services.
Key Topics Covered:
ABOUT THIS INDUSTRY

• Industry Definition
• Main Activities
• Similar Industries
• Additional Resources

INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE

• Executive Summary
• Key External Drivers
• Current Performance
• Industry Outlook
• Industry Life Cycle

PRODUCTS & MARKETS

• Supply Chain
• Products & Services
• Demand Determinants
• Major Markets
• International Trade
• Business Locations

COMPETITIVE LANDSCAPE

• Market Share Concentration
• Key Success Factors
• Cost Structure Benchmarks
• Basis of Competition
• Barriers to Entry
• Industry Globalization

MAJOR COMPANIES
OPERATING CONDITIONS

• Capital Intensity
• Technology & Systems
• Revenue Volatility
• Regulation & Policy
• Industry Assistance

KEY STATISTICS

• Industry Data
• Annual Change
• Key Ratios

JARGON & GLOSSARY
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