THE BUSINESS RESEARCH COMPANY EXPECTS THE RESTAURANTS
AND MOBILE FOOD SERVICES
MARKET TO GROW TO $2 TRILLION BY 2021
Asia Pacific was the largest
region in the restaurants and mobile food services market in 2017, accounting
for two-fifth of the market share.
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According to The Business Research
Company’s Consultant, Nitin Gianchandani,
Companies in the restaurant and mobile food service activities market
are capitalizing on off-peak demand to reduce downtime and increase revenues.
According to the 2015 Restaurant Industry Forecast, there is a receptive
audience for off-peak offerings at discounted prices due to financial pressures
on consumers. Restaurateurs are trying to fill the off-peak hours with a
combination of sophisticated early menus and online booking specials. For
example, Black Market Bistro, a no-reservations fine-dining spot in Garrett
Park, Md., USA, started taking reservations in the 5:30 to 6:30 hour to fill up
early.
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McDonald’s was the largest
company in the restaurant and mobile food services market in 2017, with
revenues of $24.6 billion for the financial year 2016. McDonald’s growth
strategy involves restructuring its franchised business model as the company
plans to re-franchise almost 4000 outlets by 2018, aiming to increase annual
savings by $500 million. McDonald’s also seeks to modernize and automate its
services.
The restaurants and mobile food
services industry provides food services through full service restaurants,
limited service restaurants, cafeterias, grill buffets and buffets, and mobile
food services.
Restaurants
And Mobile Food Services Global Market Report 2018 is a
detailed report giving a unique insight into this market. The report is priced
at $4000 for an individual user. To use across your office, the price is $6000
and $8000 if you wish to use across a multinational company.
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The Business Research Company is a
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The Business Research Company's
management has more than 20 years of varied business research experience. They
have delivered hundreds of research projects to the senior management of some
of the world's largest organizations.
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