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Food Trucks in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Food Trucks Market Research Report | Consumer Goods & Services | Food Service & Drinking Places | Jan 2015

On the go: Industry revenue growth will slow amid regulatory hurdles and increased saturation

The Food Trucks market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$857m
Annual Growth 10-15
9.3%
Annual Growth 15-20
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Profit
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Employment
14,893
Businesses
4,042
Industry Analysis & Industry Trends

The Food Trucks industry has experienced a remarkable rise over the past five years, as consumers have increasingly favored unique, gourmet cuisine at budget-conscious prices. Despite strong performance, however, high competition and unfavorable regulatory conditions in some cities have limited the growth of industry vendors. Nevertheless, the industry has outperformed the broader food-service sector over the period in terms of revenue expansion. In the five years to 2020, favorable consumer trends will continue to underpin moderate revenue growth, but the industry will need to work with municipal governments to resolve the remaining legal challenges to food truck operations.... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Food Trucks industry exhibits a low level of concentration due to the highly fragmented nature of the industry. Most food trucks are owner-operated and do not employ any workers. Additionally, there are no major players in this industry that control more than 5.0% of market share. IBISWorld expects the top four food trucks to account for less than 5.0% of industry revenue in 2015. While the leading industry operators, such as Kogi, have added more trucks to their business over the past five years, new enterprises have entered the industry at a faster rate, causing the industry to become more fragmented. IBISWorld anticipates this trend to persist in the upcoming years as mobile food vending becomes popular in less saturated regions... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Food Trucks Industry?

The industry comprises establishments primarily engaged in preparing and serving meals from a mobile truck. Food is normally prepared, stored and cooked on the truck. The truck may or may not use the same location each day and does not sell alcoholic beverages.

Industry Products
AmericanLatin AmericanAsian and Middle EasternDesserts
 
Industry Activities
Preparing and serving food from a mobile truckPreparing and serving beverages from a mobile truckPreparing and serving dessert from a mobile truckServing prepackaged food and beverages from a mobile truck


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