The business intelligence report titled ‘Global Quick Service Restaurant (QSR) Market Factbook (2022 Edition): World Market Review By Brands, Outlets, Delivery Model and Ownership (2016-2026)’, available with MarketStudyReport, opines that global quick service restaurant (QSR) market which had a valuation of USD 713.29 billion in 2021, is likely to register a robust growth rate during 2022-2026.

Rising population and higher disposable income levels particularly in developing nations like India & China are the primary factors propelling global quick service restaurant (QSR) market growth.

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Furthermore, technological innovations aimed at maintaining a strong digital presence through innovative solutions like kiosks, handheld devices, and point of sale solutions are expected to expand the industry revenue in the upcoming years. 

For the sake of convenience, the industry space is segregated on the basis of service type, business model,  cuisine type, and regional terrain.

Considering business model, the home delivery segment is likely to gain substantial traction during 2022-2026, due to the rising popularity of home delivery models post the pandemic as they offer an array of options for consumers to order the food item of their preference from the comfort of their home.

Moreover, since the onset of the Covid-19 pandemic, lockdown restrictions across the globe have significantly boosted segmental expansion as worldwide quick service restaurant (QSR) industry players are directing their resources towards shifting their business operations online following the shutting of dine-in facilities.

Speaking of cuisine type, the Italian segment is anticipated to gain a sizable remuneration during the analysis timeframe, as the cuisine is growing hugely popular among the masses attributable to its unique taste.

From a regional frame of reference, Asia Pacific market is likely to foresee a colossal growth through 2026, due to increasing proportion of people that fall in the middle-income group, coupled with rapid urbanization in countries like India and China.

Leading players influencing global quick service restaurant (QSR) market trends are Subway, Chipotle Mexican Grill, Inc., McDonald’s Corporation, Carrols Restaurant Group, Starbucks Corporation, The Wendy’s Company, Ark Restaurants Corporation, Bloomin’ Brands, Inc., Yum! Brands, Inc., and Restaurants Brands International, Inc.