The Restaurant Buildings by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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https://www.thebusinessresearchcompany.com/report/restaurant-buildings-global-market-report
According to The Business Research Company’s Restaurant Buildings, The restaurant buildings market size has grown strongly in recent years. It will grow from $238.87 billion in 2023 to $253.86 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to consumer dining trends, urbanization and population density, economic growth and disposable income, culinary diversity and trends, tourism and hospitality industry.
The restaurant buildings market size is expected to see strong growth in the next few years. It will grow to $324.13 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to health and wellness trends, sustainability practices, technology integration, adaptation to changing consumer habits, urban redevelopment.. Major trends in the forecast period include flexible seating arrangements, health and safety measures, biophilic design elements, culinary experience spaces, community-focused design.
Increasing demand for restaurants is expected to propel the growth of the restaurant buildings market going forward. The restaurant building market is steadily expanding due to increased demand for family food parties, convenience foods, ready meals, and cold cuts. The hectic lives of millennials and the global expansion of working populations influenced food consumption in restaurants. This is likely to aid the restaurant building sector’s global expansion. For instance, according to the report published by the Office for National Statistics, a UK-based executive office of the statistics authority, in the UK, the total number of restaurants available in 2022 was 101,785 compared to 95,060 in 2021. Therefore, increasing demand for restaurants is driving the growth of the restaurant buildings market.
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The restaurant buildings market covered in this report is segmented –
1) By Type Of Restaurant: Limited-Service Restaurants, Cafeterias, Buffets, Full-Service Restaurants, Ghost Restaurants
2) By Equipment Type: Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Other Equipment Types
3) By Building Construction Type: New Construction, Reconstruction And Renovation
New product innovations are the key trend gaining popularity in the restaurant buildings market. Major companies operating in the restaurant buildings market are focused on developing innovative and latest technologies in the building construction to strengthen their position in the market. For instance, in October 2022, Luyten 3D, an Australia-based commercial building and construction company that offers 3D printing technology in building construction, introduced the Platypus X12 concrete printer, an AI-powered mobile concrete 3D printer designed for use in the commercial building and construction industry. It is one of the world’s largest printers and can be transformed into a 12 x 6 mobile crane in 20 minutes, allowing it to print large-scale structures. It incorporates optical and acoustic-based artificial intelligence for data-driven concrete printing.
The restaurant buildings market report table of contents includes:
1. Executive Summary
2. Restaurant Buildings Market Characteristics
3. Restaurant Buildings Market Trends And Strategies
4. Restaurant Buildings Market – Macro Economic Scenario
5. Global Restaurant Buildings Market Size and Growth
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26. South America Restaurant Buildings Market
27. Brazil Restaurant Buildings Market
28. Middle East Restaurant Buildings Market
29. Africa Restaurant Buildings Market
30. Restaurant Buildings Market Competitive Landscape And Company Profiles
Top Major Players:
- Construction One Inc
- DESCCO Design & Construction Inc
- Stovall Construction Inc
- Tech 24 Construction Inc
- Hilbers Inc
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