Overview

IBISWorld’s Full-Service Restaurants market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

Full-service restaurants in China account for the largest share of revenue of all the industries in China's catering subsector. Revenue for China's catering subsector totaled $539.1 billion in 2016, of which $407.4 billion will be generated by the Full-Service Restaurant industry.

The Full-Service Restaurant industry's proportion of the total catering subsector has been slightly decreasing in recent years, due to the fast growth of its main external competitor, the Fast-Food Restaurant industry in China (IBISWorld report 6720). Nevertheless, full-service restaurants have been experiencing steady growth, with industry revenue increasing at an annualized rate of 10.6% in the five years through 2017...

Industry Report - Starting a New Business Chapter

Barriers to entry in the Full-Service Restaurant industry in China are relatively low, due to the low start-up costs and capital investment levels required for opening a restaurant. Entry costs vary depending on the market segment, and are higher for players willing to enter the high-end segment. For these, the entry barrier would be of a medium level, due to higher start-up costs, more regulations and greater competition in terms of location, internal design and architecture (more investment capital needed), as well as brand image.

Raw material and labor costs are the major cost items in this industry, and both are relatively low in China. This contributes to low entry barriers for the overall industry. Lab..

Additional Insights for the Full-Service Restaurants Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Full-Service Restaurants Industry are

  • Effective cost controls
  • Attractive product presentation
  • Development of new products
  • IBISWorld analysts also discuss how external factors such as Competition from Substitutes - Full Service Restaurants - Limited Service Restaurants and Leisure and Recreational Activity - Eating Out in the Full-Service Restaurants industry impact industry performance..

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    Industry Products

    What is the Full-Service Restaurants Industry?

    Full-service restaurants in China provide food services to patrons who order and are served while seated and pay after eating (i.e. table service). Food provided by businesses in this industry include a large variety of Chinese cuisine as well as foreign cuisine.

    Industry Products
    Restaurants with revenue under $144,000
    Restaurants with revenue between $144,000 and $288,000
    Restaurants with revenue between $288,000 and $720,000
    Restaurants with revenue between $720,000 and $1.44 million
    Restaurants with revenue between $1.44 million and $2.88 million
    Restaurants with revenue between $2.88 million and $7.2 million
    Restaurants with revenue between $7.2 million and $14.4 million
    Restaurants with revenue over $14.4 million
    Industry Activities
    Operating full-service restaurants in hotels
    Operating standalone full-service restaurants
    Operating hot pot and barbecue restaurants
    Operating full-service restaurants in stations, airports or docks
    Operating full-service restaurants in trains and boats

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Competition from Substitutes - Full Service Restaurants - Limited Service Restaurants
  • Leisure and Recreational Activity - Eating Out
  • Per Capita Disposable Income
  • Number of Households
  • Industry Competition - Food mfg
  • Leisure and Recreational Activity Levels - Leisure Time Availability

  • Current Performance
  • Eating out in the city
  • Holiday consumption
  • Food innovations
  • The business market
  • Tourism
  • International markets
  • From full service to fast food
  • Chain operations
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Full-Service Restaurants Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Full-Service Restaurants Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Households

  • Key Selling Industries
  • Beer Production
  • Chinese Alcohol Production
  • Meat Processing
  • Wine Production

  • Products & Services
  • Restaurants with revenue between $144,000 and $288,000
  • Restaurants with revenue under $144,000
  • Restaurants with revenue between $288,000 and $720,000
  • Restaurants with revenue between $720,000 and $1.44 million
  • Restaurants with revenue between $1.44 million and $2.88 million
  • Restaurants with revenue between $2.88 million and $7.2 million
  • Restaurants with revenue between $7.2 million and $14.4 million
  • Restaurants with revenue over $14.4 million
  • Chart: Full-Service Restaurants Industry Products and Services Segmentation

  • Demand Determinants
  • Development of the Chinese economy
  • Disposable income
  • Public holidays and available leisure time
  • Food innovation

  • Major Markets
  • Businesses
  • Households with annual income of $2,350 to $7,050
  • Households with annual income of $1,150 to $2,350
  • Households with annual income over $7,050
  • Chart: Major Market Segmentation for the Full-Service Restaurants Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases and rent
  • Wages
  • Chart: Cost Structure Benchmarking – Sector vs Full-Service Restaurants

  • Basis of Competition
  • Food range and specialties
  • Quality of wait services
  • Interior design and architecture
  • Brand and image
  • Event management and marketing
  • Discounts
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Full-Service Restaurants Industry

  • Industry Globalization
    Major Companies
    China Quanjude (Group)Tao Heung GroupYum! BrandsInner Mongolia Xiao Wei Yang Restaurant Chain LimitedSichuan Haidilao Catering Company Limited
  • Table: China Quanjude (Group) - financial performance
  • Table: Tao Heung Group - financial performance
  • Table: Yum! Brands - financial performance
  • Table: Inner Mongolia Xiao Wei Yang Restaurant Chain Limited - financial performance
  • Table: Sichuan Haidilao Catering Company Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Full-Service Restaurants Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Full-Service Restaurants Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Cuisine
  • A specific set of cooking traditions and practices, often influenced by the ingredients that are available locally or through trade.
  • Franchising
  • The act of granting an independent operator the right to distribute the franchisor's products, techniques, and trademarks for a share of gross monthly sales and a royalty fee.
  • Full-Service Restaurant
  • Provides guests with sit-down meals that include table service by waitstaff.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Full-Service Restaurants:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Full-Service Restaurants market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Full-Service Restaurants, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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