Industry Analysis & Industry Trends
The Pizza Restaurants and Takeaway industry has changed considerably over the past five years. While traditional pizzas remain popular with Australians, consumer preferences are shifting. Consumers have embraced gourmet and healthier options over the past five years, despite the associated higher pricepoints. Over the five years through 2016-17, industry revenue is expected to grow by a compound annual 2.8%. This strong growth includes a forecast rise of 0.9% in 2016-17, with revenue reaching $3.7 billion. As consumer demand has diversified, product innovation has been key to the industry's growth.
Convenience trends and changing menus have bolstered demand in the face of uncertain economic conditions... purchase to read more
Industry Report - Industry Investment Chapter
The Pizza Restaurants and Takeaway industry exhibits a moderate level of capital intensity. IBISWorld estimates that for every dollar spent on capital costs, $5.07 is spent on wages. The industry is typically labour intensive as employees are required to take customer orders and process transactions, prepare and cook food, and clean kitchen and dining areas. Wage costs have declined over the past five years however, as consumers gravitate towards online ordering and industry processes become increasingly automated.
Capital investment has increased significantly over the past five years, with the arrival of online ordering systems, mobile ordering and automatic telephone systems. These were first used by the larger pizza chains such as Domino's and Pizza Hut... purchase to read more