Industry Analysis & Industry Trends
The Full-Service Restaurants industry exhibited slow yet consistent growth over the past decade, a trend that is expected to persist over the five years to 2015. Industry growth has been subdued as consumers seek more for their money when spending at restaurants. Quick-service restaurants have outperformed full-service restaurants due to their more affordable prices and superior product development. In the coming years, industry growth is expected to remain steady, though somewhat hampered, as the Canadian economy continues to improve, but while consumer confidence falters. Consumer spending is likely to continue growing at a steady rate, driven by lower unemployment and disposable income growth... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry has a low level of market share concentration since the majority of restaurants are independent, small- to medium- sized operations. Furthermore, because many of the industry's enterprises are family run businesses, there are also a low number of enterprises that have more than one location.
In 2015 the industry's top four players are estimated to account for 15.7% of industry revenue. This increase in concentration is largely due to the growing prominence of chain restaurants within the industry. The franchise business model, whereby the capital and business risk is taken on by an independent franchisee, and the supply chain systems, marketing and operational procedures are already in place, allows chains to expand rapidly in comparison with independent restaurants... purchase to read more