Order up: Demand for industry services will rise as the economy continues to improve

The Chain Restaurants industry in Ohio has experienced steady growth over the past five years. As per capita disposable income increased and unemployment declined, consumer confidence improved, giving rise to greater spending on sit-down meals. Over the five years to 2018, industry revenue is expected to increase at an annualized rate of 1.8% to $3.5 billion. In 2018, industry revenue is projected to increase 0.9% as the economy continues to exhibit signs of strength and consumers become comfortable spending money at restaurants.Although the average industry profit margin remains slim, profit margins for most chains have increased over the past five years as revenue has grown and costs have been minimized...purchase to read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 13-18
1.8%
Forecast Growth 18-23
Profit
Employment
80,654
Businesses
1,421

Industry Threats & Opportunities

  • Consumers have sought greater convenience at a lower cost, to the detriment of full-service establishments
  • Industry Report - Industry Locations Chapter

    As a service-based retail industry, operators in the Chain Restaurants industry are dispersed largely in line with population and income distribution. The industry is concentrated in the Northeast (34.9% of industry establishments), Southwest (24.7%), Central (19.3%) and Northwest (13.3%) regions, mainly due to population distribution and size. Most of these regions have a large number of relatively small establishments in terms of employment and revenue. Licensing restrictions in some regions also have an effect on this industry's operations and location.Operators will attempt to situate themselves in high-profile areas with a high rate of foot or automobile traffic. This indicates that rent costs may be high, as industry operators pay for the privilege of exposure...purchase to read more.

    Additional Insights for the Chain Restaurants in Ohio Industry

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

  • Access to multiskilled and flexible workforce
  • Ability to quickly adopt new technology
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Consumer spending in Ohio and Consumer Confidence Index in the Chain Restaurants in Ohio industry impact industry performance..

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    What's in this report

    What is the Chain Restaurants in Ohio Industry?

    The industry comprises of chain and franchised restaurants that provide food services to patrons who order and are served while seated (i.e. waiter or waitress service) and pay after eating. These establishments may provide this type of food service to patrons in combination with selling alcoholic and other beverages.

    Industry Products
  • American restaurants
  • Asian restaurants
  • Mexican restaurants
  • Pizza restaurants
  • Seafood restaurants
  • European restaurants
  • Steakhouses
  • Industry Activities
  • Full-service restaurant operation (waiter or waitress service at tables)
  • Chain full-service restaurant operation (directly owned and operated by owners)
  • Franchised full-service restaurant operation (under franchise agreements with franchisers)
  • Similar Industries
  • Single Location Full-Service Restaurants
  • Caterers
  • Bars & Nightclubs
  • Coffee & Snack Shops
  • Fast Food Restaurants
  • Chain Restaurants in Illinois
  • Single Location Full-Service Restaurants in Illinois
  • Single Location Full-Service Restaurants in Texas
  • Chain Restaurants in Texas
  • Chain Restaurants in Florida
  • Single Location Full-Service Restaurants in Florida
  • Chain Restaurants in Massachusetts
  • Single Location Full-Service Restaurants in Massachusetts
  • Single Location Full-Service Restaurants in Ohio
  • Chain Restaurants in Pennsylvania
  • Single Location Full-Service Restaurants in Pennsylvania
  • Chain Restaurants in New Jersey
  • Single Location Full-Service Restaurants in New Jersey
  • Chain Restaurants in Georgia
  • Single Location Full-Service Restaurants in Georgia
  • Chain Restaurants in Michigan
  • Single Location Full-Service Restaurants in Michigan
  • Chain Restaurants in Wisconsin
  • Single Location Full-Service Restaurants in Wisconsin
  • Chain Restaurants in Washington
  • Single Location Full-Service Restaurants in Washington
  • Chain Restaurants in Virginia
  • Single Location Full-Service Restaurants in Virginia
  • Chain Restaurants in Tennessee
  • Single Location Full-Service Restaurants in Tennessee
  • Chain Restaurants in Missouri
  • Single Location Full-Service Restaurants in Missouri
  • Chain Restaurants in North Carolina
  • Single Location Full-Service Restaurants in North Carolina
  • Chain Restaurants in Minnesota
  • Single Location Full-Service Restaurants in Minnesota
  • Chain Restaurants in Maryland
  • Single Location Full-Service Restaurants in Maryland
  • Chain Restaurants in Colorado
  • Single Location Full-Service Restaurants in Colorado
  • 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 Ohio
  • Consumer Confidence Index
  • Healthy eating index
  • Households earning more than $100,000

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Chain Restaurants in Ohio Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

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

  • Products & Services
  • American restaurants
  • Other
  • Pizza restaurants
  • Asian restaurants
  • European restaurants
  • Mexican restaurants
  • Seafood restaurants
  • Steakhouses
  • Chart: Chain Restaurants in Ohio Industry Products and Services Segmentation

  • Major Markets
  • Highest income quintile
  • Fourth income quintile
  • Middle income quintile
  • Lowest income quintile
  • Second income quintile
  • Chart: Major Market Segmentation for the Chain Restaurants in Ohio Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Chain Restaurants in Ohio

  • Basis of Competition
    Barriers to Entry
    Darden Restaurants Inc., DineEquity Inc., Bloomin' Brands Inc., Brinker International Inc.,
  • Table: Darden Restaurants Inc. - financial performance
  • Table: DineEquity Inc. - financial performance
  • Table: Bloomin' Brands Inc. - financial performance
  • Table: Brinker International Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Chain Restaurants in Ohio 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 Chain Restaurants in Ohio Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Consumer spending in Ohio (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Average Check
  • The average amount of money spent per check at an industry establishment.
  • Chain Restaurants
  • Restaurants owned and directly operated by a single company.
  • Comparable Store Sales
  • A retail measure used to assess the true performance of retail outlets by taking out the effect of new store openings and only looking at the sales growth of existing stores.
  • Fast Casual Restaurants
  • Self-service restaurants offering higher quality offerings, sometimes prepared to order, at a higher price point than traditional quick-service restaurants.
  • Franchised Restaurants
  • Restaurant concepts sold to individual operators. Operators receive ordering, marketing, training, financial and management support from the franchisor.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Chain Restaurants in Ohio is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

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

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