About Quick Service Restaurant (QSR)
Quick service restaurant (QSR) is a restaurant which offer certain food items that require minimal preparation time and are delivered through quick services. Typically, quick service restaurants or QSRs cater to fast food items over a limited menu as they can be cooked in lesser time with minimum possible variation. QSR restaurants are known to have standardized, modular and efficient processes which help them in reducing the lead times to fulfil the orders but still maintain the quality expected by the customers. Preparation methodology and usage of technology are pillars of a Quick service restaurant (QSR).
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.89% |
Competition among existing players is due to the Quick Service Restaurant (QSR) market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Quick Service Restaurant (QSR) market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Quick Service Restaurant (QSR) market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Doctor's Associate, Inc. (United States), Graviss Foods Private Limited (India), Jubilant FoodWorks Limited (India), McDonald's Corporation (United States), Restaurant Brands Asia Limited (India), Tata Starbucks Private Limited (India), Wow! Momo Foods Private Limited (India), Yum! Brands, Inc. (United States), Starbucks Corporation (United States) and Jubilant FoodWorks (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Darden Concepts Inc. (United States), Ark Restaurant Corp. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Quick Service Restaurant (QSR) market by Type (Conventional Foodservice System, Centralized Food Service System, Ready-Prepared Foodservice System and Assembly Serve Foodservice System), Application (Individual, Corporate, Institution and Others) and Region.
On the basis of geography, the market of Quick Service Restaurant (QSR) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Quick Service Restaurant (QSR) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Integrating with online payment platforms to make it easier for customers to order online.
Market Growth Drivers:
The increased need for self-service choices. and The growing need to innovate the customer experience.
Challenges:
QSRs is the increasing cost of goods and services. and Changing consumer preferences.
Restraints:
High Storage Cost. and Labour Shortage.
Opportunities:
Increasing Adoption of Advanced Technology in Restaurants. and Changing Need of Consumers.
Market Leaders and their expansionary development strategies
In May 2023, McDonald's established a long-term strategic partnership with Glovo, aiming to elevate customer experience. The collaboration focused on expanding choices for consumers on the platform, enhancing the McDelivery ordering experience through Glovo, and ultimately providing a more comprehensive and satisfying service
In March 2023, Ipsos announce the launch of specialized end to-end innovation solutions for Quick Service Restaurants (QSR) to fuel development and optimization at any stage of the product life cycle.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.