1. GLOBAL FOOD TRUCK MARKET RESEARCH REPORT,
2023-2029
Market Value:
• 2021 = USD 1.94 Billion
• 2028 = USD 2.87 Billion
• CAGR = 5.75%
Date Published: January 2023
Publisher: Introspective Market Research
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Annual Market Size and Forecast
Technological Roadmap & Regulatory Landscape
Analysis on type and applications
Industry Value Chain Analysis
Analysis on Major Trends
Key strategies by Top Market Players
Market Share Analysis 2021
REPORT OUTCOMES
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Global Food Truck Market was valued at USD 1.94 billion in 2021 and is expected
to reach USD 2.87 billion by the year 2028, at a CAGR of 5.75%.
The chuckwagon, a wagon/cart used to transport and prepare meals in the United
States and Canada during the nineteenth century, is considered a forerunner of food
trucks. A wheeled truck that sells meals and usually has kitchen facilities where the
food is cooked. Furthermore, there are several sorts of food trucks such as some offer
ice cream, some sell frozen and packaged meals, and yet others having kitchens on
board to create food from scratch. Gourmet cuisine and specialist menus have been
added to food truck menus in recent years. Food trucks have grown in popularity in
the United States due to several causes. The United States recession, which began in
2008, was a crucial impact. Chefs from high-end restaurants were laid off when the
economy faltered, and several food enterprises folded.
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The global Food Truck Market report provides comprehensive market information,
including classifications, definitions, and market analysis. This also helps with the
awareness of various item specifics, the manufacturing cycle, the supply chain, and
the cost structure. Along these lines, the understanding of the project's structural
squares and key drivers of development is enhanced. To estimate the market size,
boundaries such as import and fare, rules in various nations, inflation, legal and
political variables, financial elements, and other minor aspects inside organizations
have been broken down. The research examines the competitive landscape as well as
the most current positions of major rivals in the Food Truck industry.
Segmentation of Food Truck Market: -
By Type
• Expandable
• Boxes
• Buses & Vans
• Customized Trucks
• Ape
• Others
By Food type
• Fast Food
• Barbecue & Snacks
• Desserts & Confectionery
• Ice Cream
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• Others
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of
APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
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Leading Key Players Covered Food Truck Market: -
• Roundup World Street Kitchen
• MSM Catering Trucks Manufacturing
• Food Truck India
• Food Truck Company B.V.
• Mallaghan
• VS VeicoliSpeciali
• Prestige Custom Food Truck Manufacturer
• EasyTracGPS Inc.
• Bostonian Body Inc.
• The Fud Trailer Company
• Roaming Hunger
• Good Food Truck Company
• United Food Trucks United LLC
• M&R Trailers
• Futuristo Trailers and other major players.
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Effect of COVID-19 on the Food Truck Market: -
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The COVID-19 pandemic has generated unprecedented challenges for food services,
especially the Food Truck (FT) industry, and its players. The forced closure of
restaurants and the prohibition of street food sellers have had a direct impact on
food trucks' principal source of revenue and existing business models. Furthermore,
during the COVID-19 epidemic, consumers were compelled to adjust their
behaviours and consumption patterns due to the drop-in power purchases and the
avoidance of eating out, resulting in a major shift in eating habits.
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Report Includes Competitor's Landscape:
• Major trends and growth projections by region and country
• Key winning strategies followed by the competitors
• Who are the key competitors in this industry?
• What shall be the potential of this industry over the forecast tenure?
• What are the factors propelling the demand for the Action Figures and
Statues?
• What are the opportunities that shall aid in significant proliferation of the
market growth?
• What are the regional and country wise regulations that shall either hamper or
boost the demand for Action Figures and Statues?
• How has the covid-19 impacted the growth of the market?
• Has the supply chain disruption caused changes in the entire value chain?
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Table Of Content: -
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities By Segment
3.1 By Type
3.2 By Food Type
3.3 By Location Premises
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
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4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Food Truck Market by Type
5.1 Food Truck Market Overview Snapshot and Growth Engine
5.2 Food Truck Market Overview
5.3 Expandable
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Expandable: Grographic Segmentation
5.4 Boxes
5.4.1 Introduction and Market Overview
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5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Boxes: Grographic Segmentation
5.5 Buses & Vans
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Buses & Vans: Grographic Segmentation
5.6 Customized Trucks
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2016-2028F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Customized Trucks: Grographic Segmentation
5.7 Ape
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size (2016-2028F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Ape: Grographic Segmentation
5.8 Others
5.8.1 Introduction and Market Overview
5.8.2 Historic and Forecasted Market Size (2016-2028F)
5.8.3 Key Market Trends, Growth Factors and Opportunities
5.8.4 Others: Grographic Segmentation
Chapter 6: Food Truck Market by Food Type
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6.1 Food Truck Market Overview Snapshot and Growth Engine
6.2 Food Truck Market Overview
6.3 Fast Food
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Fast Food: Grographic Segmentation
6.4 Barbecue & Snacks
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Barbecue & Snacks: Grographic Segmentation
6.5 Desserts & Confectionery
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2016-2028F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Desserts & Confectionery: Grographic Segmentation
6.6 Ice Cream
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size (2016-2028F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Ice Cream: Grographic Segmentation
6.7 Others
6.7.1 Introduction and Market Overview
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6.7.2 Historic and Forecasted Market Size (2016-2028F)
6.7.3 Key Market Trends, Growth Factors and Opportunities
6.7.4 Others: Grographic Segmentation
Chapter 7: Food Truck Market by Location Premises
7.1 Food Truck Market Overview Snapshot and Growth Engine
7.2 Food Truck Market Overview
7.3 Parks
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2016-2028F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Parks: Grographic Segmentation
7.4 Streets
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2016-2028F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Streets: Grographic Segmentation
7.5 Commercial
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size (2016-2028F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Commercial: Grographic Segmentation
7.6 Institutional
7.6.1 Introduction and Market Overview
7.6.2 Historic and Forecasted Market Size (2016-2028F)
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7.6.3 Key Market Trends, Growth Factors and Opportunities
7.6.4 Institutional: Grographic Segmentation
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Positioning
8.1.2 Food Truck Sales and Market Share By Players
8.1.3 Industry BCG Matrix
8.1.4 Ansoff Matrix
8.1.5 Food Truck Industry Concentration Ratio (CR5 and HHI)
8.1.6 Top 5 Food Truck Players Market Share
8.1.7 Mergers and Acquisitions
8.1.8 Business Strategies By Top Players
8.2 ROUNDUP WORLD STREET KITCHEN
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Operating Business Segments
8.2.5 Product Portfolio
8.2.6 Business Performance
8.2.7 Key Strategic Moves and Recent Developments
8.2.8 SWOT Analysis
8.3 MSM CATERING TRUCKS MANUFACTURING
8.4 FOOD TRUCK INDIA
8.5 FOOD TRUCK COMPANY B.V.
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8.6 MALLAGHAN
8.7 VS VEICOLISPECIALI
8.8 PRESTIGE CUSTOM FOOD TRUCK MANUFACTURER
8.9 EASYTRACGPS INC.
8.10 BOSTONIAN BODY INC.
8.11 THE FUD TRAILER COMPANY
8.12 ROAMING HUNGER
8.13 GOOD FOOD TRUCK COMPANY
8.14 UNITED FOOD TRUCKS UNITED LLC
8.15 M&R TRAILERS
8.16 FUTURISTO TRAILERS
8.17 OTHER MAJOR PLAYERS
Chapter 9: Global Food Truck Market Analysis, Insights and Forecast, 2016-2028
9.1 Market Overview
9.2 Historic and Forecasted Market Size By Type
9.2.1 Expandable
9.2.2 Boxes
9.2.3 Buses & Vans
9.2.4 Customized Trucks
9.2.5 Ape
9.2.6 Others
9.3 Historic and Forecasted Market Size By Food Type
9.3.1 Fast Food
9.3.2 Barbecue & Snacks
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Terms of Use:
This research study involved the extensive usage of both primary and secondary data
sources. The research process involved the study of various factors affecting the
industry, including the government policy, market environment, competitive
landscape, historical data, present trends in the market, technological innovation,
upcoming technologies and the technical progress in related industry, and market
risks, opportunities, market barriers and challenges. The following illustrative figure
shows the market research methodology applied in this report.
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Top-down and bottom-up approaches are used to validate the global market size
market and estimate the market size for Company, regions segments, product
segments and Application (end users).