GITNUX MARKETDATA REPORT 2024

Franchise Industry Statistics

The franchise industry continues to show strong growth, with steady increases in revenue, number of franchise establishments, and employment opportunities.

Statistic 1

"The franchise industry is projected to contribute nearly $500 billion to the U.S. Gross Domestic Product in 2021."

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Statistic 2

"There are over 770,000 independent franchise businesses operating in the U.S."

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Statistic 3

"Franchise businesses provide over 8 million jobs in the United States."

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Statistic 4

"Around 60% of franchise businesses operate in the service sector."

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Statistic 5

"As of 2020, men are 71.9% more likely to own multiple units than women in the U.S."

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Statistic 6

"41% of all food service businesses in the United States are franchised."

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Statistic 7

"An estimated 26% of all franchises globally are located in the United States."

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Statistic 8

"As per the International Franchise Association, every $1 spent in the franchise industry results in $2.19 worth of economic output."

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Statistic 9

"The QSR (Quick Service Restaurants) industry represents the largest category within franchising, with a market size of $256 billion."

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Statistic 10

"Multi-unit franchise operators own 53% of all franchised businesses in the United States."

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Statistic 11

"The average initial franchise fee is $20,000 - $30,000."

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Statistic 12

"Franchise establishments are expected to grow at an annual rate of 1.5% in 2021."

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Statistic 13

"Approximately 4% of all businesses in the U.S. are franchisee-run establishments."

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Statistic 14

"More than half of all U.S. retail sales come through franchised businesses."

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Statistic 15

"France holds the second highest number of franchises globally, after the U.S."

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Statistic 16

"Total of 795,932 franchise establishments were in the U.S. in 2020."

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Statistic 17

"The Hospitality Industry accounts for 18% of all U.S. franchising, second only to the restaurant industry."

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Statistic 18

"65% of franchises are owned by men, while 35% are owned by women."

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Statistic 19

"The fastest-growing franchise in 2021 is Dunkin Donuts, showing a growth rate of 271%."

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