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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

The Food Trucks market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 Investment Chapter

The Food Trucks industry has a low level of capital intensity. While a food truck with a fully functional kitchen can be very expensive, the industry also heavily relies on human labor. In 2014, IBISWorld estimates that for every dollar an operator spends on wages and associated labor costs, it will spend $0.04 on the use and replacement of capital.

The main capital costs incurred by operators include the purchase of vehicles and cooking equipment. These assets depreciate over time, but given their high resale value, depreciation rates are typically low. Launching a new food truck venture costs into the tens of thousands of dollars. However, operators can reduce their capital outlays by renting or leasing vehicles or equipment... 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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