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Restaurants in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Restaurants Market Research Report | ANZSIC H4511a | Feb 2014

Dining in: Social trends and a strong economy will keep revenue growing

IBISWorld’s Restaurants market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 09-14
5.6%
Annual Growth 14-19
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Profit
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Employment
68,842
Businesses
8,360
Industry Analysis & Industry Trends

Changing social trends have fuelled a recovery of the Restaurants industry over the past five years. Bouncing back from a low point during the global financial downturn, the industry posted annualised growth of 5.6% over the period. Performance was solid in 2013-14, with the industry growing by 3.1% to $11.4 billion. This strong growth, although somewhat attributable to a bounce after losses during the global financial crisis, can also be attributed to changing social trends. Busier lifestyles, longer hours at work and an increasing squeeze on leisure time have led more and more consumers to turn to restaurants as a solution. Restaurants have allowed consumers to combine mealtime with leisure and avoid the time involved in food preparation... purchase to read more

Industry Report - Starting a New Business Chapter

Barriers to entry in the Restaurants industry are low. This is indicated by the high rate of entries and exits of establishments in the industry. Low initial capital outlays and low industry concentration play a significant role in reducing barriers to new entries. New restaurateurs can enter the market with minimal set-up costs by leasing premises, equipment, furniture and settings. In addition, there is no formal qualification required to operate in the industry, although experience and training in hospitality are desirable and can assist profitability.

Low industry concentration means new entrants can acquire market share relatively easily and quickly without being encumbered by dominant major players... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Restaurants Industry?

This industry includes restaurants that serve food and beverages on the premises, such as licensed restaurants, BYO restaurants, licensed and BYO restaurants, and unlicensed restaurants. The industry excludes takeaway food services, restaurant and catering services, theatre restaurants and the sale of alcohol for consumption on and off premises.

Industry Products
Premium diningMiddle-range diningLow-cost dining
 
Industry Activities
BYO restaurant operationLicensed restaurant operationBYO and licensed restaurant operationUnlicensed restaurant operation


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