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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 | Sep 2014

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

IBISWorld’s Street Vendors market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 09-14
4.9%
Annual Growth 14-19
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Profit
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Employment
35,691
Businesses
32,381
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 Investment Chapter

The Street Vendors industry has a moderate level of capital intensity. In 2014, IBISWorld estimates that for every $1.00 an operator spends on wages and associated labor costs, it will spend $0.16 on the use and replacement of capital. The major industry costs relate to the owner's own labor costs (and the cost of hiring employees, if applicable) in supplying food services to customers and in purchasing food, beverages and similar items for re-sale.

The many capital costs operators are exposed to include vehicles and cooking equipment. Operators with limited access to capital can rent or lease equipment, which lowers the average level of capital intensity. The cost of various food-preparation equipment ranges based on function and quality... 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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