$13.2bn
$XXX.Xm
18,045
1,571
$X.Xbn
Over the past five years, the Restaurant Supply Store industry has notably been swayed by shifts in consumer dining trends, sustainability drives, technological advancements and the disruptive effect of COVID-19. The rise in popularity of fast-casual restaurants and the health-conscious dining trend translated into increased demand for supplies that could handle fresh, locally sourced ingredients, therefore altering product portfolios. Simultaneously, rising environmental consciousness boosted demand for eco-friendly, sustainable supplies. Technological progress spurred demand for high-tech supplies like energy-efficient cooking equipment and smart appliances. It also caused an uptick in advanced inventory and supply chain management solutions as businesses focused on operational efficiency. Finally, the COVID-19 outbreak, while initially causing a decline in demand because of the industry-wide shutdowns, led to a surge in the need for packaging and delivery-related supplies as restaurants pivoted towards takeout and delivery services. Overall, industry revenue is expected to have increased at a CAGR of 0.4% to $13.2 billion over the past five years, including an expected increase of 1.4% in 2024 alone.
Industry revenue has grown at a CAGR of 0.4 % over the past five years, to reach an estimated $13.2bn in 2024.
Market size is projected to grow over the next five years.
There are no companies that hold a large enough market share in the Restaurant Supply Stores in the US industry for IBISWorld to include in this product.
Restaurant Supply Stores in the US
Industry revenue is measured across several distinct product and services lines, including Restaurant equipment, Restaurant furniture and Other . Restaurant equipment is the largest segment of the Restaurant Supply Stores in the US.
Restaurant furniture is the largest product segment
Operators in this industry are primarily engaged in the merchant wholesale distribution of furniture and other equipment for restaurants.
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NAICS 423440 - Restaurant Supply Stores in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
COVID-19 significantly disrupted the Restaurant Supply Stores industry. Temporary shutdowns and limited operations caused revenue to drop sharply in 2020 before rebounding in...
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Restaurant furniture is the largest product segment for the industry. Demand for outdoor furniture has increased since COVID-19 and the rise in outdoor dining.
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Restaurant supply stores compete with each other based on a variety of factors. Offering competitive pricing, a quality range of products and excellent customer service helps...
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Restaurant supply stores must adhere to a range of regulations including Federal Food and Drug Administration regulations. They must also comply with all common safety and em...
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Profit varies between operators in the Restaurant Supply Stores industry. The size, location and scope of a restaurant supply store can affect their profit.
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Restaurant Supply Stores in the US industry in United States is $13.2bn in 2024.
There are 1,571 businesses in the Restaurant Supply Stores in the US industry in United States, which has declined at a CAGR of 0.4 % between 2019 and 2024.
The market size of the Restaurant Supply Stores in the US industry in United States has been growing at a CAGR of 0.4 % between 2019 and 2024.
Over the next five years, the Restaurant Supply Stores in the US industry in United States is expected to grow.
Restaurant furniture and Restaurant equipment are part of the Restaurant Supply Stores in the US industry.
The level of competition is high and steady in the Restaurant Supply Stores in the US industry in United States.