Industry Analysis & Industry Trends
The Pizza Restaurants industry has felt the heat over the five years to 2012. Operators have been substantially affected by changes in consumer spending, intense external competition and an increase in health consciousness. Despite these challenges, the industry still expanded as pizza restaurants adjusted their products to adapt to consumer preferences and consumer spending returned in 2010, which increased the demand for overall restaurant food. From 2007 to 2012, industry revenue is forecast to grow an estimated 1.5% per year to $42.8 billion. In 2012 specifically, revenue is projected to grow 4.5% as consumer confidence in the economy improves and people indulge in luxuries such as eating out.
From 2012 to 2017, IBISWorld expects industry revenue to increase an average 2.9%.... purchase to read more
Industry Report - Industry Key Buyers Chapter
In 2012, IBISWorld estimates the top four industry companies to represent 32.3% of total industry revenue, which indicates a low level of concentration among the industry's largest players. While there are well-established and well-known pizza brands in the industry, there is also a large number of small, independent and locally-focused pizza restaurants across the United States.
Over the five years to 2012, concentration has increased slightly. Revenue per establishment has increased from about $513,900 to $575,900 over that time. As unprofitable operators have exited the industry, survivors have captured a larger portion of demand, increasing their presence in the Pizza Restaurants industry... purchase to read more