Global Restaurant Buildings Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers
11 Jul, 2023
The global restaurant buildings market size is expected to grow from $223.90 billion in 2022 to $240.50 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%.The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many every markets across the globe. The restaurant buildings market size is expected to reach $300.55 billion in 2027 at a CAGR of 5.7%.
Global Restaurant Buildings Market Key Driver
Rising restaurant demand is projected to drive the expansion of the restaurant buildings industry in the coming years. Due to rising demand for family dinner parties, convenience foods, ready meals, and cold cuts, the restaurant construction market is rapidly expanding. The hectic lifestyles of millennials, as well as the global rise of working populations, have influenced restaurant food consumption. This is anticipated to promote the global expansion of the restaurant construction industry.
Get a sample of the global restaurant buildings market reportGlobal Restaurant Buildings Market Segments
The global restaurant buildings market is segmented:
1) By Type Of Restaurant: Limited-Service Restaurants, Cafeterias, Buffets, Full-Service Restaurants, Ghost Restaurants
2) By Equipment Type: Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Other Equipment Types
3) By Building Construction Type: New Construction, Reconstruction And Renovation
4) By Geography: The regions covered in the restaurant buildings market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global restaurant buildings market.
Major Restaurant Buildings Industry Players
Construction One, DESCCO Design & Construction Inc., Stovall Construction, Tech 24 Construction, Hilbers Inc., Hencken & Gaines Inc., RCA Contractors Inc., Shingobee Builders Inc., The Beam Team Inc., GCM Construction, Prodigy Construction, BnK Construction, Woodbine Construction, Power Construction Inc., China Pacific Inc.
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Restaurant Buildings Market Overview
A restaurant building is a commercial property that prepares and serves food and beverages to customers. In general, restaurant building involves the preparation, serving and consumption of food within the confines of a building.
Restaurant Buildings Global Market Report 2023 provides data on the global restaurant buildings market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The restaurant buildings market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.