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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 | Jan 2015

On the go: Industry revenue growth will slow amid regulatory hurdles and increased saturation

IBISWorld’s Food Trucks market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$857m
Annual Growth 10-15
9.3%
Annual Growth 15-20
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Profit
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Employment
14,893
Businesses
4,042
Industry Analysis & Industry Trends

The Food Trucks industry has experienced a remarkable rise over the past five years, as consumers have increasingly favored unique, gourmet cuisine at budget-conscious prices. Despite strong performance, however, high competition and unfavorable regulatory conditions in some cities have limited the growth of industry vendors. Nevertheless, the industry has outperformed the broader food-service sector over the period in terms of revenue expansion. In the five years to 2020, favorable consumer trends will continue to underpin moderate revenue growth, but the industry will need to work with municipal governments to resolve the remaining legal challenges to food truck operations.... purchase to read more

Industry Report - Starting a New Business Chapter

The barriers to entry into the Food Trucks industry are low when compared with other industries in the food-service sector. Compared with brick-and-mortar food service establishments, initial capital investments for this industry are relatively low. Capital is required to purchase or lease kitchen equipment and trucks, with fully equipped trucks costing more than $100,000. Additionally, in saturated markets such as New York, obtaining a mobile food vending unit permit, which is required to begin operations, is difficult because cities place limits on the number of permits they distribute annually. Moreover, while a two-year truck permit only costs $200 on the black market, vending unit permits are sold for about $15,000... 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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