Order up: Continued improvement in consumer spending will boost industry revenue

The Fast Food Restaurants industry in Ohio has fared well over the past five years to 2018, as rising consumer spending, in conjunction with declining unemployment and faster, on-the-go lifestyles, benefited industry operators. Consumer spending in Ohio has increased at an annualized rate of 1.3% over the five years to 2018, which represents slower growth than its national counterpart. Nevertheless, a larger share of spending on food has occurred outside of the home, due to a more optimistic outlook. Over the five years to 2018, industry revenue is expected to increase at an annualized rate of 2.9%. In 2018, the industry is expected to grow 1.6% to $10.2 billion, as competition reaches a saturation point throughout the broader food service sector...purchase to read more.

Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 13-18
2.9%
Forecast Growth 18-23
Profit
Employment
185,867
Businesses
10,654

Industry Threats & Opportunities

  • The industry is expected to grow as competition reaches a saturation point throughout the food service sector
  • Industry Report - Industry Key Buyers Chapter

    •The Fast Food Restaurants industry in Ohio has a low level of concentration.•The industry is dominated by smaller players and exhibits a level of concentration that is roughly in line with its national counterpart.•More than 59.0% of establishments employ less than 20 individuals, while 64.8% employ the same amount as the US industry...purchase to read more.

    Additional Insights for the Fast Food Restaurants in Ohio Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Fast Food Restaurants in Ohio 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 Ohio and Healthy eating index in the Fast Food Restaurants in Ohio industry impact industry performance..

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    What's in this report

    What is the Fast Food Restaurants in Ohio Industry?

    This industry comprises restaurants where patrons pay for quick-service food products before eating. Purchases may be consumed on-site, taken out or delivered. Gross revenue is derived from both franchised and company-owned stores. Franchise fees (up-front costs associated with opening a franchise) account for a portion of industry revenue. This industry excludes coffee and snack shops. Most industry establishments also sell beverages, but usually not alcohol.

    Industry Products
  • Burger
  • Asian
  • Latin
  • Pizza and pasta
  • Chicken
  • Industry Activities
  • Operating quick-service restaurants
  • Operating fast food services
  • Operating drive-thru and take-out facilities
  • 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
  • Healthy eating index
  • Consumer Confidence Index
  • Per capita coffee consumption

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fast Food Restaurants in Ohio 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
  • Burger
  • Pizza and pasta
  • Other
  • Asian
  • Latin
  • Chicken
  • Chart: Fast Food Restaurants in Ohio Industry Products and Services Segmentation

  • Major Markets
  • Highest quintile of incomes
  • Fourth quintile of incomes
  • Middle quintile of incomes
  • Lowest quintile of incomes
  • Second quintile of incomes
  • Chart: Major Market Segmentation for the Fast Food 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 Fast Food Restaurants in Ohio

  • Basis of Competition
    Barriers to Entry
    McDonald's Corp., Yum! Brands Inc., Subway, Wendy's Company,
  • Table: McDonald's Corp. - financial performance
  • Table: Yum! Brands Inc. - financial performance
  • Table: Subway - financial performance
  • Table: Wendy's Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Fast Food 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 Fast Food 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
    Baby Boomers
  • Consumers born between 1946 and 1964 who account for a major proportion of the population.
  • 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.
  • Same-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 sales growth of existing stores.
  • System-Wide Sales
  • Sales from both company-owned or managed and franchised or licensed outlets. System-wide sales excludes royalties and franchising revenue fees.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Fast Food Restaurants in Ohio Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Fast Food Restaurants in Ohio industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    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 Fast Food 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 Fast Food 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 Fast Food 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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