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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 | Feb 2014

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

IBISWorld’s Food Trucks market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$804m
Annual Growth 09-14
12.4%
Annual Growth 14-19
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Profit
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Employment
14,424
Businesses
3,915
Industry Analysis & Industry Trends

The Food Trucks industry has only grown in strength over the past five years, and is one of the best performing segments in the broader food-services sector. The industry's remarkable rise began in 2008, just as the recession hit, as hundreds of new vendors recognized changing consumer preferences favoring unique, gourmet cuisine. Cities such as Portland, Oregon, Los Angeles and Austin sought to differentiate themselves by crafting laws and creating areas specially designed for mobile food trucks. While the recession put the brakes on the broader food-services sector in 2008-09, it was in fact a boon for the Food Trucks industry as consumers sought to maximize their disposable income by indulging in small conveniences such the affordable gourmet food.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Food Trucks industry is in the growth phase of its life cycle. Although growth has tempered slightly over the past two years, revenue is still growing at a much faster rate than the broader food-services sector. While many consumers tightened their purse strings during the Great Recession and cut down on out-of-home dining, food trucks did not suffer as badly due to the budget-friendly characteristics of their products and the rising trend of consumers seeking experimental food concepts. Furthermore, the industry continues to evolve and new establishments are still entering the industry with new concepts. Over the 10 years to 2019, industry value added (IVA), which measures an industry's contribution to GDP, is expected to grow at an average annual rate of 8.4%... 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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