Market Overview:
The global quick service restaurant (QSR) market is expected to grow at a CAGR of 5.8% during the forecast period 2018-2030. The growth in the QSR market can be attributed to factors such as rising disposable income, changing food habits, and growing demand for convenience foods. In terms of type, the hardware segment is expected to hold the largest share in the global QSR market during the forecast period. This can be attributed to increasing investments by quick service restaurants (QSRs) in technology and automation solutions that help them improve their operational efficiency and customer experience. In terms of application, large consumers are expected to account for a larger share of the global QSR market during 2018-2030 owing to their higher spending power and growing preference for convenience foods.
 Industry Outlook.svg)
Product Definition:
A quick service restaurant (QSR) is a type of food outlet that offers fast food to customers. QSRs are typically found in high-traffic areas such as airports, malls, and highways. They offer limited menus and usually do not provide table service. The importance of QSRs lies in their ability to serve large numbers of people quickly and efficiently.
Hardware:
Hardware is the equipment and tools used in food service or manufacturing industries. It includes cooking appliances, refrigerators & freezers, deep fryers, toasters, grills & smokers and other related equipment. Hardware is an important part of QSR industry as it helps to enhance customer experience by delivering quality food at a reasonable price with attractive designs and features.
Software:
Software is a set of instructions, which when followed by the computer system helps in carrying out a specific task. The software segment has been growing at a rapid rate owing to the increasing use of internet and smartphones across the world. Software solutions are used in quick service restaurants (QSR) for inventory management, customer relationship management (CRM), kitchen display and order processing among others.
The global QSR market size was valued at USD 55 billion in 2016.
Application Insights:
The large consumers segment dominated the global QSR market, accounting for more than 40.0% share of the total revenue in 2017. The growth can be attributed to a rise in disposable income and rapid urbanization along with an increase in travel frequency across various regions including Asia Pacific and Middle East & Africa. Furthermore, companies are focusing on providing easy access to their products through limited service restaurants as they understand that busy professionals prefer quick service restaurants over traditional full-service restaurants.
The small consumers segment is expected to expand at the fastest CAGR of XX% from 2018 to 2030 owing to increasing penetration of QSRs among young adults and working class adults who prefer spending less time cooking at home but still would like someplace convenient nearby where they can grab a bite or two on their way home from work or somewhere else before dinner is ready at 6 p.m.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to maintain its position throughout the forecast period owing to increasing penetration of QSRs and changing consumer preferences towards these restaurants. Moreover, rising disposable income levels will also help boost demand for fast food in developing economies such as China and India over the coming years.
North America is projected to witness significant growth over the forecast period owing to increased adoption of technology by quick service restaurant operators, particularly in U.S., which has led them adopting a digital menu strategy for their business operations across all channels including online delivery, mobile apps, websites etc., thus impacting overall sales positively.
Growth Factors:
- Increasing urbanization – with the increase in the number of people moving to cities, there is a corresponding rise in demand for QSRs.
- Rising income levels – as incomes rise, people are increasingly able to afford fast food and snacks from QSRs.
- Changing demographics – young adults and millennials are more likely than older generations to eat out at QSRs.
- Growing awareness of health and nutrition – consumers are becoming more aware of the health risks associated with eating fast food, but this has not dampened demand for QSR products as yet.
- Technological advancements – innovations such as delivery apps and contactless payments are making it easier for consumers to access QSR products and services
Scope Of The Report
Report Attributes
Report Details
Report Title
Quick Service Restaurant (QSR) Market Research Report
By Type
Hardware, Software, Service, Quick Service Restaurant (QSR
By Application
Large Consumers, Small Consumers
By Companies
Verifone Systems Inc, NCR Corporation, Cognizant, PAR Technology Corporation, NEC Display Solutions of America, Inc., LG, Panasonic Corporation, Oracle Corporation, Delphi Display Systems, Inc, HM Electronics, Inc., Revel Systems, PAX Technology, SZZT Electronics, Shenzhen Xinguodu, Quick Service Restaurant (QSR
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Quick Service Restaurant (QSR) Market Report Segments:
The global Quick Service Restaurant (QSR) market is segmented on the basis of:
Types
Hardware, Software, Service, Quick Service Restaurant (QSR
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Consumers, Small Consumers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Verifone Systems Inc
- NCR Corporation
- Cognizant
- PAR Technology Corporation
- NEC Display Solutions of America, Inc.
- LG
- Panasonic Corporation
- Oracle Corporation
- Delphi Display Systems, Inc
- HM Electronics, Inc.
- Revel Systems
- PAX Technology
- SZZT Electronics
- Shenzhen Xinguodu
- Quick Service Restaurant (QSR
 Market Overview.svg)
Highlights of The Quick Service Restaurant (QSR) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- Service
- Quick Service Restaurant (QSR
- By Application:
- Large Consumers
- Small Consumers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Quick Service Restaurant (QSR) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A quick service restaurant (QSR) is a type of restaurant that offers customers food that can be ordered and eaten quickly. This type of restaurant typically specializes in fast food, such as hamburgers, chicken sandwiches, fries, and soft drinks.
Some of the major companies in the quick service restaurant (qsr) market are Verifone Systems Inc, NCR Corporation, Cognizant, PAR Technology Corporation, NEC Display Solutions of America, Inc., LG, Panasonic Corporation, Oracle Corporation, Delphi Display Systems, Inc, HM Electronics, Inc., Revel Systems, PAX Technology, SZZT Electronics, Shenzhen Xinguodu, Quick Service Restaurant (QSR.
The quick service restaurant (qsr) market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Quick Service Restaurant (QSR) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Quick Service Restaurant (QSR) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Quick Service Restaurant (QSR) Market - Supply Chain
4.5. Global Quick Service Restaurant (QSR) Market Forecast
4.5.1. Quick Service Restaurant (QSR) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Quick Service Restaurant (QSR) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Quick Service Restaurant (QSR) Market Absolute $ Opportunity
5. Global Quick Service Restaurant (QSR) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Quick Service Restaurant (QSR) Market Size and Volume Forecast by Type
5.3.1. Hardware
5.3.2. Software
5.3.3. Service
5.3.4. Quick Service Restaurant (QSR
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Quick Service Restaurant (QSR) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Quick Service Restaurant (QSR) Market Size and Volume Forecast by Application
6.3.1. Large Consumers
6.3.2. Small Consumers
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Quick Service Restaurant (QSR) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Quick Service Restaurant (QSR) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Quick Service Restaurant (QSR) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Quick Service Restaurant (QSR) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Quick Service Restaurant (QSR) Demand Share Forecast, 2019-2026
9. North America Quick Service Restaurant (QSR) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Quick Service Restaurant (QSR) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Quick Service Restaurant (QSR) Market Size and Volume Forecast by Application
9.4.1. Large Consumers
9.4.2. Small Consumers
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Quick Service Restaurant (QSR) Market Size and Volume Forecast by Type
9.7.1. Hardware
9.7.2. Software
9.7.3. Service
9.7.4. Quick Service Restaurant (QSR
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Quick Service Restaurant (QSR) Demand Share Forecast, 2019-2026
10. Latin America Quick Service Restaurant (QSR) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Quick Service Restaurant (QSR) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Quick Service Restaurant (QSR) Market Size and Volume Forecast by Application
10.4.1. Large Consumers
10.4.2. Small Consumers
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Quick Service Restaurant (QSR) Market Size and Volume Forecast by Type
10.7.1. Hardware
10.7.2. Software
10.7.3. Service
10.7.4. Quick Service Restaurant (QSR
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Quick Service Restaurant (QSR) Demand Share Forecast, 2019-2026
11. Europe Quick Service Restaurant (QSR) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Quick Service Restaurant (QSR) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Quick Service Restaurant (QSR) Market Size and Volume Forecast by Application
11.4.1. Large Consumers
11.4.2. Small Consumers
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Quick Service Restaurant (QSR) Market Size and Volume Forecast by Type
11.7.1. Hardware
11.7.2. Software
11.7.3. Service
11.7.4. Quick Service Restaurant (QSR
11.8. Basis Point Share (BPS) Analysis by Tye
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Quick Service Restaurant (QSR) Demand Share, 2019-2026
12. Asia Pacific Quick Service Restaurant (QSR) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Quick Service Restaurant (QSR) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Quick Service Restaurant (QSR) Market Size and Volume Forecast by Application
12.4.1. Large Consumers
12.4.2. Small Consumers
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Quick Service Restaurant (QSR) Market Size and Volume Forecast by Type
12.7.1. Hardware
12.7.2. Software
12.7.3. Service
12.7.4. Quick Service Restaurant (QSR
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Quick Service Restaurant (QSR) Demand Share, 2019-2026
13. Middle East & Africa Quick Service Restaurant (QSR) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Quick Service Restaurant (QSR) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Quick Service Restaurant (QSR) Market Size and Volume Forecast by Application
13.4.1. Large Consumers
13.4.2. Small Consumers
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Quick Service Restaurant (QSR) Market Size and Volume Forecast by Type
13.7.1. Hardware
13.7.2. Software
13.7.3. Service
13.7.4. Quick Service Restaurant (QSR
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Quick Service Restaurant (QSR) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Quick Service Restaurant (QSR) Market: Market Share Analysis
14.2. Quick Service Restaurant (QSR) Distributors and Customers
14.3. Quick Service Restaurant (QSR) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Verifone Systems Inc
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. NCR Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cognizant
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. PAR Technology Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. NEC Display Solutions of America, Inc.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. LG
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Panasonic Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Oracle Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Delphi Display Systems, Inc
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. HM Electronics, Inc.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Revel Systems
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. PAX Technology
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. SZZT Electronics
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Shenzhen Xinguodu
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Quick Service Restaurant (QSR
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
