Global Restaurant Buildings Market
Construction

Restaurant Buildings Market to Reach $361.81 Billion by 2029, Growing at a CAGR of 6.7%

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What Is The Expected Total Market Size Of The Restaurant Buildings Industry By The Forecast Year 2029?

The scope of the restaurant construction sector has expanded robustly over the last few years, projected to increase from a value of $264.69 billion in the current year, 2024, up to $279.34 billion for the subsequent year, 2025, reflecting a consistent annual growth rate (CAGR) of 5.5%. This expansion witnessed during the previous period stems from several contributing elements, including shifting consumer preferences regarding meal consumption outside the home, the clustering of populations in urban centers, overall economic advancement coupled with greater discretionary income among the populace, the broadening array of available cuisines and ongoing food trends, alongside the vitality of the travel and lodging sectors.

Anticipation surrounds the restaurant buildings sector, projecting robust expansion in the years ahead, culminating in a valuation of $361.81 billion by 2029, driven by a compound annual growth rate (CAGR) of 6.7%; this upward trajectory is fueled by several key factors, notably the increasing focus on health and wellness, the incorporation of sustainable methods, the adoption of new technologies, adjustments made to evolving customer preferences, and ongoing urban renewal projects, while the dominant themes shaping this period involve adaptable seating setups, heightened health and security protocols, the inclusion of nature-inspired biophilic designs, areas dedicated to elevated culinary experiences, and designs centered around community engagement.

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Which Major Market Drivers Are Shaping The Future Of The Restaurant Buildings Market?

Anticipated heightened consumer interest in dining establishments is poised to stimulate the market for constructing restaurant facilities in the future, as the steady expansion of this sector is being fueled by a greater requirement for family dining options, easily prepared food items, pre-cooked meals, and sliced meats; furthermore, the fast-paced existence of the millennial generation alongside the worldwide increase in employed individuals have both impacted how people choose to eat out, a trend that should boost the construction segment for restaurants globally; to illustrate this growth trajectory, the UK’s Office for National Statistics revealed a rise in the quantity of available restaurants from 95,060 in 2021 to 101,785 by 2022, indicating that the escalating desire for restaurant services is fundamentally powering the market for building facilities dedicated to dining.

What Are The Segment Types Shaping The Restaurant Buildings Market?

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

Subsegments:

1) By Limited-Service Restaurants: Fast Food Restaurants, Fast Casual Restaurants, Coffee Shops, Snack Bars

2) By Cafeterias: School Cafeterias, Hospital Cafeterias, Corporate Cafeterias, College Cafeterias

3) By Buffets: All-You-Can-Eat Buffets, Specialty Buffets, International Buffets

4) By Full-Service Restaurants: Casual Dining, Fine Dining, Family Style Restaurants, Theme Restaurants

5) By Ghost Restaurants: Delivery-Only Concepts, Virtual Kitchen Brands, Cloud Kitchens

Which Ongoing Trends Are Expected To Shape The Restaurant Buildings Market Outlook?

A significant prevailing pattern within the sector for building restaurants involves the introduction of novel product advancements. Leading firms active in this construction arena are concentrating their efforts on pioneering cutting-edge and contemporary methods in building creation to solidify their competitive standing. To illustrate this point, consider that in the month of October in 2022, Luyten 3D, an Australian entity specializing in commercial construction and offering concrete 3D printing solutions for building projects, unveiled the Platypus X12 concrete printer, which represents an artificial intelligence-driven apparatus for 3D concrete printing adaptable for commercial applications. This device stands out as one of the globe’s most substantial printers, possessing the capability to convert into a mobile crane measuring 12 by 6 feet in just twenty minutes, thus enabling the fabrication of expansive edifices, and it utilizes visual and sound-based artificial intelligence specifically tailored for informed concrete deposition processes.

Who Are The Top Performing Companies In The Restaurant Buildings Market In Recent Years?

Major companies operating in the restaurant buildings market include DESCCO Design & Construction Inc., Stovall Construction Inc., Tech 24 Construction Inc., Hilbers Inc., Hencken & Gaines Inc., RCA Contractors Inc., Shingobee Builders Inc., The Beam Team Inc., GCM Construction Inc., Prodigy Construction Company, BnK Construction LLC, Woodbine Construction Company, Power Construction Inc., China Pacific Construction Group Co. Ltd., AECOM Inc., Balfour Beatty plc, Bouygues Construction SA, China State Construction Engineering Corporation Limited, Fluor Corporation, Hochtief AG, Kier Group plc, Laing O’Rourke plc, Lendlease Group, Skanska AB, Turner Construction Company, Wates Group Limited, Whiting-Turner Contracting Company, Clark Construction Group LLC, Gilbane Building Company

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What Are The Key Regional Factors Influencing The Restaurant Buildings Market Growth?

Asia-Pacific was the largest region in the restaurant buildings market in 2024. The regions covered in the restaurant buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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