Order up: Restaurants expand their menus and global operations to boost demand

Increasing economic recovery will bring consumers back to Restaurants industry in New York. However, with people becoming more budget- and health-conscious, industry operators will be forced to change their menu offerings, expanding their menus to include healthier and more diverse food choices. Some businesses will also extend their global scope to take advantage of areas with low market saturation. These strategies will lead to moderate revenue growth in the coming years, but operators will continue to struggle in the intensely competitive market...read more.

Industry Statistics & Market Size
Revenue
$17bn
Annual Growth 12-17
3.9%
Forecast Growth 17-22
Profit
Employment
245,581
Businesses
29,031
What Our Customers Say

Industry Threats & Opportunities

  • Fast-food chains will invest in ethnic and specialty markets to rebuild revenue
  • Fast-food retailers expanded their menus to include healthier options
  • People will be more likely to buy fast-food products over the next five years
  • Industry Report - Industry Investment Chapter

    The Restaurants industry in New York is subject to a low level of capital intensity. For every $1.00 the average restaurant in the industry spends on wages in 2017, it will spend an estimated $0.12 on the use and replacement of capital.The industry is highly dependent on direct labor input across all areas of operation, from cashiers, to delivery and food preparation, to cleaning and operational management. Due to the service nature of the industry, many of these labor-intensive functions cannot be substituted by technology or machinery. To meet customers' expectations and provide a quality and hospitable dining experience, a well-trained staff is required.Some rises in labor productivity can occur from investment in technology. In ...purchase to read more.

    Additional Insights for the Restaurants in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Restaurants in New York Industry are

  • Business expertise of operators
  • Having a clear market position
  • Effective cost controls
  • IBISWorld analysts also discuss how external factors such as Consumer Spending in New York and Healthy eating index in the Restaurants in New York industry impact industry performance..

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    What is the Restaurants in New York Industry?

    This industry comprises restaurants where patrons pay before eating. Purchases may be consumed on-site, taken out or delivered. Gross sales come from franchises and company-owned stores. Officially reported SEC company revenue (net revenue) refers to revenue obtained only from company-owned stores and franchise fees. Franchised stores’ gross sales revenue is not available to the franchisor. Net revenue is therefore always less than gross revenue.

    Industry Products
  • Burgers and Sandwiches
  • Asian
  • Chicken
  • Latin
  • Pizza and Pasta
  • Coffee and Doughnut
  • Industry Activities
  • Operating quick-service restaurants
  • Operating fast-food services
  • Operating drive-thru and take-out facilities
  • Operating ice cream, frozen yogurt and soft-serve shops
  • Operating donut and cookie shops
  • Operating bagel shops
  • Operating coffee shops
  • Operating juice and smoothie shops
  • Operating pretzel shops
  • Operating cupcake shops
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer Spending in New York
  • Healthy eating index
  • Consumer Confidence Index
  • Per capita coffee consumption

  • Current Performance
  • Improved consumer spending
  • Consumer trends drive new strategies
  • Wages and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • New ways to expand
  • Industry landscape
  • Table: Restaurants in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Restaurants in New York Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Beef & Pork Wholesaling
  • Dairy Wholesaling
  • Egg & Poultry Wholesaling
  • Fish & Seafood Wholesaling
  • Frozen Food Wholesaling
  • Fruit & Vegetable Wholesaling

  • Products & Services
  • Burgers and Sandwiches
  • Asian
  • Pizza and Pasta
  • Coffee and Doughnut
  • Latin
  • Chicken
  • Other
  • Chart: Restaurants in New York Industry Products and Services Segmentation

  • Major Markets
  • Highest quintile of incomes
  • Fourth quintile of incomes
  • Third quintile of incomes
  • Second quintile of incomes
  • Lowest quintile of incomes
  • Chart: Major Market Segmentation for the Restaurants in New York Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationRent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Restaurants in New York

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Restaurants in New York Industry

  • McDonald's Corp.Dunkin' Brands Inc.Starbucks CorporationYum! Brands Inc.
  • Table: McDonald's Corp. - financial performance
  • Table: Dunkin' Brands Inc. - financial performance
  • Table: Starbucks Corporation - financial performance
  • Table: Yum! Brands Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Restaurants in New York Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Restaurants in New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Baby Boomers
  • Consumers born between 1946 and 1964 who account for a major proportion of the population.
  • Gross Sales
  • Revenue from franchised and company-owned store sales.
  • Net Revenue
  • Revenue from company-owned stores and franchise fees, but not franchised stores' total sales.
  • Point Of Sale (Pos)
  • The location where a transaction occurs at a retail establishment or store.
  • Why buy this report?

    The Restaurants in New York industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    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 Restaurants in New York:
    • 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 Restaurants in New York 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 Restaurants in New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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