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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 | Aug 2013

Rolling along: While the food truck craze will wane, 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
$1bn
Annual Growth 08-13
3.9%
Annual Growth 13-18
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Profit
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Employment
35,502
Businesses
30,810
Industry Analysis & Industry Trends

Keep on trucking

Demand for food trucks and street vendors has soared in the five years to 2011, and revenue will continue to grow steadily during the next five years. With consumer spending back on track, firms will incorporate unique and healthy food options to entice customers. Though competition from other restaurants and food establishments will remain strong, vendors will provide quality and personal service to gain revenue... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Street Vendors industry is in a growth phase of its life cycle. Over the 10 years to 2017, industry value added (IVA), which measures an industry's contribution to GDP, will grow at an average annual rate of 3.5%. By comparison, GDP is anticipated to grow at an annualized 2.1% over the same period.

While the rest of the food-service sector has been suffering due to lower consumer spending rates, the street vendor industry has made leaps and bounds over the past five years. Street vendors were largely able to dodge the recession's blow by offering new and compelling products that attracted a more diverse client base. These offerings include ethnic foods and fusions, gourmet foods and other dining options not traditionally associated with street food or food trucks... 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 non-motorized 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 non-alcoholic beverage standsMobile coffee cartsMobile food concession standsIce cream truck vendorsLunch wagonsMobile food standsMobile refreshment standsMobile snack standsStreet vendors of food


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