NEW YORK, Nov. 17, 2016 /PRNewswire/ -- The Chain Restaurants industry has experienced steady growth over the five years to 2016. During the five-year period, as per capita income increased and unemployment declined, consumer confidence improved, giving rise to greater spending on sit-down meals.
For the full report, visit IBISWorld's Chain Restaurants in the US industry report page. Although the average industry profit margin remains slim, profit margins at most chains have increased over the past five years, as revenue has grown and costs have been kept under control. Over the five years to 2016, industry revenue is expected to increase at an annualized rate of 4.3% to $107.6 billion. The industry's run of steady growth is projected to moderate over the five years to 2021. Consumers will increase their spending at restaurants as the economy continues to improve and unemployment dissipates. "However," notes IBISWorld Industry Analyst Andrew Alvarez, "increasing competition from a growing number of fast, casual restaurants that serve high-quality food at reasonable prices and have business models that are not reliant on large overheads will continue to threaten industry profit margins." For this reason, major full-service restaurant chains will increasingly push operations abroad to emerging economies for growth. Similar industries:Single Location Full-Service RestaurantsFast Food Restaurants Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189IBISWorld industryReport Key Topics Industry PerformanceProducts & MarketsGlobalization & TradeMajor CompaniesOperating ConditionsKey Statistics About IBISWorld Inc.Recognized as the nation's most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. For more information, visit www.ibisworld.com or call 1-800-330-3772.Contact InformationKathryn WhiteMedia Relations Specialist Kathryn.firstname.lastname@example.org +1 917-267-0351 Ext: 351 Logo - http://photos.prnewswire.com/prnh/20161108/437083LOGO