Food trucks market to grow at a CAGR of 5.87% from 2022 to 2027: The growing popularity of street food through food trucks will drive growth - Technavio

NEW YORK, Aug. 2, 2023 /PRNewswire/ -- The food trucks market size is estimated to grow by USD 1,409.73 million from 2022 to 2027, at a CAGR of 5.87% according to Technavio. Download a sample report!

Food trucks market insights -

• Vendors: 15+, Including Bostonian Body Inc., Custom Concessions, Delivery Concepts Inc., Food Trailers for Sale, Food Truck Co., Foodtrucker Engineering LLP, Futuristo Trailers, M and R Specialty Trailers and Trucks, MSM Catering Trucks Mfg., Roaming Hunger LLC, United Food Truck LLC, and VS Special Design srl, among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Application (Fast food, Barbeque and snacks, Desserts and confectionary, and Others), Type (Medium-sized food trucks, Small-sized food trucks, and Large-sized food trucks), and Geography (Europe, North America, APAC, South America, and Middle East and Africa)

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Food trucks market - Company insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including Bostonian Body Inc., Custom Concessions, Delivery Concepts Inc., Food Trailers for Sale, Food Truck Co., Foodtrucker Engineering LLP, Futuristo Trailers, M and R Specialty Trailers and Trucks, MSM Catering Trucks Mfg., Roaming Hunger LLC, United Food Truck LLC, and VS Special Design srl.

Food trucks market – Market Dynamics

Major Drivers - 

The growing popularity of street food through food trucks drives the growth of the food truck market. Gourmet street food means gourmet-style street food that is typically prepared to a high standard tastes good and is aesthetically presented, which are becoming more common.

Local cultures are often reflected in street food, and there is a wide variety of them the food consumption pattern of consumers has changed; they prefer foods with good taste and are cheaper in price. Hence, such factors drive the growth of the food truck market during the forecast period.

Significant Trends -

Increasing demand for eating out is an emerging food truck market trend. Food trucks are known to make and promote fast foods, barbeques, snacks, desserts, and more. Food trucks also offer less waiting time and a great taste that makes them more demanding than restaurants. 

Since, eating out has turned out to be one of the most famous forms of leisure, going out offers a chance to socialize and relax over delicious food without having to cook or do the dreaded clean-up after dinner. Hence, such trends fuel the growth of the food truck market during the forecast period.

Key Challenges - 

Strict government rules on the use of food trucks challenge the growth of the food truck market. People gather near food trucks, which creates heavy losses for street food vendors, affecting the market for food trucks.

Furthermore, since private areas have complained of gatherings in proximity to their premises, parking permits are required for food trucks. Hence, such factors challenge the growth of the food truck market during the forecast period.

Drivers, Trends, and Challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

The food trucks market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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What are the key data covered in this food trucks market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the food trucks market between 2023 and 2027
• Precise estimation of the size of the food trucks market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the food trucks market across Europe, North America, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of food trucks market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global food trucks market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on global food trucks market 2017 - 2021 ($ million)

• 4.2 Geography Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Type Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Fast food - Market size and forecast 2022-2027
• Exhibit 34: Chart on Fast food - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Fast food - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Fast food - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Fast food - Year-over-year growth 2022-2027 (%)

• 6.4 Barbeque and snacks - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Barbeque and snacks - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Barbeque and snacks - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Barbeque and snacks - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Barbeque and snacks - Year-over-year growth 2022-2027 (%)

• 6.5 Desserts and confectionary - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Desserts and confectionary - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Desserts and confectionary - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Desserts and confectionary - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Desserts and confectionary - Year-over-year growth 2022-2027 (%)

• 6.6 Others - Market size and forecast 2022-2027
• Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Application 
• Exhibit 50: Market opportunity by Application ($ million)
• Exhibit 51: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 52: Chart on Type - Market share 2022-2027 (%)
• Exhibit 53: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 54: Chart on Comparison by Type
• Exhibit 55: Data Table on Comparison by Type

• 7.3 Medium-sized food trucks - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Medium-sized food trucks - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Medium-sized food trucks - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Medium-sized food trucks - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Medium-sized food trucks - Year-over-year growth 2022-2027 (%)

• 7.4 Small-sized food trucks - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Small-sized food trucks - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Small-sized food trucks - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Small-sized food trucks - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Small-sized food trucks - Year-over-year growth 2022-2027 (%)

• 7.5 Large-sized food trucks - Market size and forecast 2022-2027 
• Exhibit 64: Chart on Large-sized food trucks - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on Large-sized food trucks - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on Large-sized food trucks - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Large-sized food trucks - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Type 
• Exhibit 68: Market opportunity by Type ($ million)
• Exhibit 69: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027
• Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027
• Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Canada - Market size and forecast 2022-2027
• Exhibit 107: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.12 China - Market size and forecast 2022-2027
• Exhibit 111: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 112: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 115: Market opportunity by geography ($ million)
• Exhibit 116: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 120: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 121: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 122: Matrix on vendor position and classification

• 12.3 Bostonian Body Inc. 
• Exhibit 123: Bostonian Body Inc. - Overview
• Exhibit 124: Bostonian Body Inc. - Product / Service
• Exhibit 125: Bostonian Body Inc. - Key offerings

• 12.4 Custom Concessions 
• Exhibit 126: Custom Concessions - Overview
• Exhibit 127: Custom Concessions - Product / Service
• Exhibit 128: Custom Concessions - Key offerings

• 12.5 Delivery Concepts Inc. 
• Exhibit 129: Delivery Concepts Inc. - Overview
• Exhibit 130: Delivery Concepts Inc. - Product / Service
• Exhibit 131: Delivery Concepts Inc. - Key offerings

• 12.6 Food Trailers for Sale 
• Exhibit 132: Food Trailers for Sale - Overview
• Exhibit 133: Food Trailers for Sale - Product / Service
• Exhibit 134: Food Trailers for Sale - Key offerings

• 12.7 Food Truck Co. 
• Exhibit 135: Food Truck Co. - Overview
• Exhibit 136: Food Truck Co. - Product / Service
• Exhibit 137: Food Truck Co. - Key offerings

• 12.8 Foodtrucker Engineering LLP 
• Exhibit 138: Foodtrucker Engineering LLP - Overview
• Exhibit 139: Foodtrucker Engineering LLP - Product / Service
• Exhibit 140: Foodtrucker Engineering LLP - Key offerings

• 12.9 Futuristo Trailers 
• Exhibit 141: Futuristo Trailers - Overview
• Exhibit 142: Futuristo Trailers - Product / Service
• Exhibit 143: Futuristo Trailers - Key offerings

• 12.10 M and R Specialty Trailers and Trucks
• Exhibit 144: M and R Specialty Trailers and Trucks - Overview
• Exhibit 145: M and R Specialty Trailers and Trucks - Product / Service
• Exhibit 146: M and R Specialty Trailers and Trucks - Key offerings

• 12.11 MSM Catering Trucks Mfg. 
• Exhibit 147: MSM Catering Trucks Mfg. - Overview
• Exhibit 148: MSM Catering Trucks Mfg. - Product / Service
• Exhibit 149: MSM Catering Trucks Mfg. - Key offerings

• 12.12 Roaming Hunger LLC 
• Exhibit 150: Roaming Hunger LLC - Overview
• Exhibit 151: Roaming Hunger LLC - Product / Service
• Exhibit 152: Roaming Hunger LLC - Key offerings

• 12.13 United Food Truck LLC 
• Exhibit 153: United Food Truck LLC - Overview
• Exhibit 154: United Food Truck LLC - Product / Service
• Exhibit 155: United Food Truck LLC - Key offerings

• 12.14 VS Special Design srl 
• Exhibit 156: VS Special Design srl - Overview
• Exhibit 157: VS Special Design srl - Product / Service
• Exhibit 158: VS Special Design srl - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 159: Inclusions checklist
• Exhibit 160: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 161: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 162: Research methodology
• Exhibit 163: Validation techniques employed for market sizing
• Exhibit 164: Information sources

• 13.5 List of abbreviations 
• Exhibit 165: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
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Email: [email protected]
Website: www.technavio.com

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