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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

IBISWorld’s Food Trucks 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
$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 - 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 NYC, 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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