Fast food restaurants

It’s group work I need only 2 sections done

and 3 pages Structural forces affecting industry profitability using Porter’s 5 Forces analysis

i need you to include finance graphs and charts on the market size paper

and use ibis world site for info about market size (if you have access to ibis world)

Market Size

Globally, the Fast Food Restaurants industry generates a revenue of over $570 billion (figure 1) annually signifying its attributes of a mature sector, acceptance and saturation. The global compound annual growth rate (CAGR) of the industry is expected to grow at 5% between 2018 and 2022. In the United States, the industry has grown significantly with an estimated revenue of $200 billion in 2015 (IBIS World, 2018). By 2023, the figure is forecasted to grow to approximately $255 billion.  The majority of this large sector comprises of the drive-thru and on-premises restaurants, cafeterias and off premises dining. In 2016, there were 186,977 quick service restaurants in the U.S, a figure that grew by twenty eight thousand from a decade ago (IBIS World, 2018). Today, there are over 249,371 fast food businesses in the United States, a figure that highlights significant growth of its market share.

(1,514 words)