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Premium Steak Restaurants: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Premium Steak Restaurants Market Research Report | NAICS OD4309 | Oct 2016

Staking claim: Fast recovering high-end customers will boost industry revenue growth

IBISWorld’s Premium Steak 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 Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
Industry Threats & Opportunities
  • Companies may have to adjust business models in response to increased competition and changing consumer preferences
  • The shift in consumer eating habits has been a boon to the industry
  • As the higher class recovers strongly, purchases of high end goods increase
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Industry Analysis & Industry Trends

This industry experienced volatile revenue performance over the five years to 2011. Strong economic growth prior to the recession resulted in thriving revenue and an expanding industry as consumers flocked to restaurants to purchase premium dinners. During the recession, however, the number of customers dwindled as their incomes declined and corporate spending subsided. As the economy recovers, consumers are returning to restaurants, such as premium steakhouses, to purchase high-end meals... ... purchase to read more

Industry Report - Industry Investment Chapter

The industry's capital intensity level is determined by the ratio of capital to labor costs. The ratio is calculated as depreciation charges over wage expenses, or 0.06:1. This implies that in 2015 for every dollar spent on wages, about $0.06 is spent to use and replace buildings and equipment. As a result, this industry is deemed to have a moderate level of capitol intensity. The Premium Steak Restaurant industry's capital intensity has remained consistent over the past five years. Some restaurants have invested in new equipment and restaurant fittings, however, due to the low growth environment of the industry many owners have held back on capital investments.

.. ... purchase to read more

Additional Insights for the Premium Steak Restaurants Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Premium Steak Restaurants Industry are

  • Access to multi-skilled and flexible workforce
  • Attractive product presentation
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Consumer Confidence Index in the Premium Steak Restaurants industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Premium Steak Restaurants Industry?

    The industry includes chain, franchised and single-location restaurants that provide premium steak to consumers. Customers order and are served by waiters or waitresses while seated, and they pay after eating. These establishments may provide food services in combination with selling alcoholic and other beverages.

    Industry Products
    Classic steak restaurantsSteak and seafood restaurantsPremium Brazilian steak restaurantsOther premium steak restaurants
    Industry Activities
    Independent (non-chain or franchised) operated premium steak restaurantsFranchised premium steak restaurantsChain fine dining steak restaurant operation (directly owned and operated by owners)

    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
  • Consumer spending
  • Consumer Confidence Index
  • Households earning more than $100,000
  • Corporate profit
  • Healthy eating index
  • Current Performance
  • Changing consumer preferences
  • Shifting costs
  • Chart: Revenue Growth
  • Industry Outlook
  • Consumers and businesses return
  • Beef prices
  • Table: Premium Steak Restaurants Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Premium Steak Restaurants Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Consumers
  • Key Selling Industries
  • Beef & Pork Wholesaling
  • Beef Cattle Production
  • Beer Wholesaling
  • Dairy Wholesaling
  • Egg & Poultry Wholesaling
  • Fish & Seafood Wholesaling
  • Fruit & Vegetable Wholesaling
  • Wine & Spirits Wholesaling
  • Products & Services
  • Classic steak restaurants
  • Steak and seafood restaurants
  • Other premium steak restaurants
  • Premium Brazilian steak restaurants
  • Chart: Premium Steak Restaurants Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Households with incomes above $75,000
  • Corporate-expense diners
  • Households with incomes from $50,000 to $75,000
  • Households with incomes below $50,000
  • Chart: Major Market Segmentation for the Premium Steak Restaurants Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Premium Steak Restaurants
  • Basis of Competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Premium Steak Restaurants Industry
  • Industry Globalization
    Major Companies
    Ruth's Hospitality Group, Inc.
    Darden Restaurants Inc.
  • Table: Ruth's Hospitality Group, Inc. - financial performance
  • Table: Darden Restaurants Inc. - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Premium Steak 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 Premium Steak Restaurants Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Consumer Spending (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
  • Traditional Brazilian-style steakhouse
  • Full-Service Restaurant
  • A restaurant that provides guests with sit-down meals that include table service by waitstaff.
  • Single-Location Restaurant
  • Usually an owner-operated restaurant with significant and direct input by the owners into the business.
  • Usda Prime
  • Highest quality beef on the market and limited supply. Currently, about 2.9% of carcasses grade as Prime.

  • 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 Premium Steak 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 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 Premium Steak 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 Premium Steak Restaurants, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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