Global Franchise Market 2024-2028
Global Franchise Market 2024-2028
The franchise market is forecasted to grow by USD 1967.1 bn during 2023-2028, accelerating at a CAGR of 10.41% during the forecast period. The report on the franchise market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in number of restaurants and hotels worldwide, growing demand for convenient food products, and increasing construction activities.
Technavio's franchise market is segmented as below:
- By Type
- Business format franchise
- Product distribution franchise
- Management franchise
- Others
- By Application
- Hotels
- Convenience stores
- Real estate
- Car rental and dealers
- Others
- By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the innovation in in-store retailing as one of the prime reasons driving the franchise market growth during the next few years. Also, innovative packaging and marketing initiatives by prominent vendors and increasing focus on omnichannel trade will lead to sizable demand in the market.
The report on the franchise market covers the following areas:
- Franchise market sizing
- Franchise market forecast
- Franchise market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading franchise market vendors that include Ace Hardware Corp., Century 21 Real Estate LLC, Chick fil A Inc., Circle K, Jersey Mikes Franchise Systems Inc., JUBILANT FOODWORKS LTD., Kumon Institute of Education Co. Ltd., Marriott International Inc., Mathnasium LLC, McDonald Corp., Papa Johns International Inc., RE MAX Holdings Inc., Restaurant Brands International Inc., Seven and i Holdings Co., Ltd., SPC Group, The Wendys Co., United Parcel Service Inc., Wild Birds Unlimited Inc., Winmark Corp., and YUM Brands Inc.. Also, the franchise market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.