October 30, 2020
According to the research report titled ‘Global Drive-Thru Food Market Size study, by Industry (Household, Restaurant) by Sales Channel (Direct Sales, Distributor) and Regional Forecasts 2020-2026‘, available with Market Study Report, global drive-thru food market is expected to experience significant gains during 2020-2026.
Inclination towards fast food among the millennials is a major factor expected to propel the global drive-thru food market during the forecast period. Furthermore, hectic lifestyle, lack of time required to sit and dine, and rising disposable income will contribute to the industry growth.
Emphasis of fast food chain on investing towards setting-up their own drive through restaurants is stimulating global drive-thru industry outlook. Citing an instance, Dunkin Donuts launched their first dual lane drive through system in 2018 and Chipotle started its first drive thru version called Chipotlanes in 2019.
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For those unfamiliar, drive-thru restaurants serve food to the customers without needing them to leave their cars. Rising prevalence of COVID-19 has fueled the growth of global drive-thru food market, as the system aids in maintaining social distancing and avoids direct contact with individuals.
However, shifting consumer preference for natural and healthy food in consort with increasing incidences of obesity are expected to hamper the global drive-thru food market trends over 2020-2026.
Based on industry vertical, global drive-thru food market is segmented into restaurant and household. With regards to sales channel, the industry is bifurcated into distributor and direct sales.
From regional frame of reference, worldwide drive-thru food market is segmented into Europe, Asia Pacific, North America, Latin America, and rest of the world. As per the report, North America market amassed significant revenues in the recent past and will grow further, mainly due to rising number of fast-food chains and surging popularity of drive thru culture in the region.
Meanwhile, Asia Pacific drive-thru food industry is anticipated to witness highest growth rate over 2020-2026, owing to increasing disposable income and adoption of western food culture.
Major players operating in global drive-thru food marketplace include McDonalds Corporation, Burger King, Chick-fil-A, KFC Corporation, Taco Bell, Starbucks Corporation, Wendy’s, and Whataburger.