Industry Analysis & Industry Trends
While the larger food-service sector relies on buoyant consumers to drive revenue, the Street Vendors industry has not been as susceptible to volatility in consumer spending and confidence over the past five years. In the five years since the recession, many consumers spent less on discretionary items such as food purchases. However, street vendors were largely able to avoid these potential hindrances by selling food that is even cheaper than traditional fast food restaurants. The public's newfound obsession with food trucks will likely subside over the next five years, but sustained interest from major metropolitan areas will still present some opportunities for growth... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Street Vendors industry is highly fragmented with over 80.0% of enterprises being owner-operators with no employees. Of those firms in the industry that do have paid staff, most employ four people or less. There are no major players in the industry with a market share of 5.0% or greater. In 2014, IBISWorld estimates that the top four players in the industry account for well under 5.0% of available market share, providing the industry with a low level of concentration.
The highly competitive nature of the industry, the low profit margins and high regulatory barriers in some cities are not conducive to operators owning and operating more than one establishment. For this reason, most operators focus on providing a high level of service with one food cart... purchase to read more