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Street Vendors in the US: Market Research Report

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

Street Vendors Market Research Report | NAICS 72233 | Oct 2015

Rolling along: While the food truck craze wanes, demand for specialty foods will support growth

IBISWorld’s Street Vendors 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
$2bn
Annual Growth 10-15
4.4%
Annual Growth 15-20
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Profit
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Employment
63,669
Businesses
58,843
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 - Starting a New Business Chapter

The barriers has relatively low barriers to entry compared to other industries, however, barriers have increased over the past five years, particularly in relation to the introduction of more stringent food handling and preparation health and safety regulations. Operators can enter this industry by purchasing new or used equipment or can lower capital outlays through leasing or renting equipment. The cost of various food-preparation equipment ranges based on function and quality. Used pushcarts can retail for as cheap as $1,000, while fully-fitted out food trucks can cost up to $100,000. There are some minimal skills involved in catering and running a mobile food business, however, in many cities and states employees must be certified to handle and prepare food. .. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Street Vendors Industry?

This industry comprises establishments primarily engaged in preparing and serving meals and snacks for immediate consumption from motorized vehicles or nonmotorized carts. The establishment is the main location from which the caterer route is serviced, not each cart or vehicle. Included in this industry are establishments primarily engaged in providing food services from vehicles, such as hot dog carts and ice cream trucks.

Industry Products
Traditional street vendorsMobile food preparation vehiclesIndustrial catering vehicles
 
Industry Activities
Mobile nonalcoholic beverage standsMobile coffee cartsMobile food concession standsIce cream truck vendorsLunch wagonsMobile food standsMobile refreshment standsMobile snack standsStreet vendors of food


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