Report Code: CMI27586

Published Date: August 2023

Pages: 220+

Category: Consumer Goods

Report Snapshot

CAGR: 6.2%
5.01B
2022
5.26B
2023
7.55B
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Prestige Custom Food Truck Manufacturer
  • EasyTracGPS Inc.
  • Roaming Hunger
  • Good Food Truck Company
  • Others

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Reports Description

As per the current market research conducted by the CMI Team, the global Food Truck Market is expected to record a CAGR of 6.2% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 5.01 Billion. By 2032, the valuation is anticipated to reach USD 7.55 Billion.

A “Food Truck” is a large vehicle, often resembling a van, that is equipped to handle the entire food service process, including food preparation, cooking, serving, and selling. These trucks can offer diverse food options, depending on their specialization.

Some food trucks have fully functional onboard kitchens and prepare meals from scratch, while others may reheat pre-prepared dishes sourced from a commercial kitchen. Food trucks are popularly known for their convenience, mobility, and ability to cater to a wide variety of culinary preferences. Some food trucks focus on serving familiar favorites like sandwiches, French fries, hamburgers, and other local fast foods.

Others cater to the gourmet food market by offering diverse specialties and ethnic menus, tapping into the recent trend of experiential and unique dining experiences. The rising popularity of food trucks can be attributed to the emergence of display restaurants, where the preparation of food is showcased to customers, enhancing the overall dining experience.

Additionally, food trucks allow customers to enjoy gourmet meals in a more casual and outdoor setting. Food trucks are not limited to serving only hot meals; they also offer cold beverages like soda and water to quench thirst and complement their food offerings.

Food Truck Market – Significant Growth Factors

  • Affordability and Lower Overheads: Operating a food truck typically involves lower startup costs and ongoing expenses compared to traditional brick-and-mortar restaurants. With no need for permanent storefronts and reduced overheads, food trucks can offer their products at more affordable prices, attracting budget-conscious customers.
  • Unique and Specialized Cuisine: Food trucks often specialize in niche or unique cuisines, offering customers a diverse range of food options. This specialization appeals to food enthusiasts looking for new and exciting culinary experiences beyond what conventional restaurants may offer.
  • Mobility and Flexibility: The mobility of food trucks allows them to move to different locations, events, and high-traffic areas, capitalizing on changing customer demands and maximizing exposure. They can cater to various demographics and adjust their menus to suit different settings and occasions.
  • Social Media and Marketing: Food trucks have effectively leveraged social media platforms to build a strong online presence, engage with their customers, and promote their locations and menus in real time. This social media-driven marketing strategy has helped food trucks gain a loyal following and attract new customers.
  • Cultural Diversity and Fusion Cuisine: Many food trucks embrace cultural diversity and offer fusion cuisine, combining elements from different culinary traditions. This trend appeals to a broad audience, as customers can try exciting new flavor combinations and international dishes in a convenient and accessible setting.
  • Food Festivals and Events: Food trucks are often invited to participate in food festivals, local events, concerts, and gatherings, where they can reach a large audience and showcase their culinary offerings. Such events provide valuable exposure and networking opportunities.
  • Changing Consumer Preferences: Modern consumers are seeking more convenient, casual, and unique dining experiences. Food trucks offer an alternative to traditional restaurants, catering to the preferences of urban dwellers and those looking for on-the-go meals.
  • Environmental Sustainability: Some food trucks emphasize their commitment to sustainability, using eco-friendly practices such as compostable packaging and sourcing locally produced ingredients. This resonates with environmentally-conscious consumers.
  • Entrepreneurial Opportunities: The food truck market provides an attractive option for aspiring entrepreneurs to enter the food service industry without the high entry barriers of establishing a brick-and-mortar restaurant. This has led to a surge in the number of food truck startups.
  • Supportive Regulations: In many regions, local governments have relaxed regulations or introduced specific permits to encourage the growth of the food truck industry. This regulatory support has made it easier for food truck operators to navigate legal requirements and operate successfully.

Food Truck Market – Significant Threats

  • Competition from Brick-and-Mortar Restaurants: Traditional restaurants may view food trucks as direct competitors and could lobby local governments to impose stricter regulations on mobile vendors to protect their business interests.
  • Regulatory Hurdles: Food trucks often face complex and varying regulations across different cities and regions. Obtaining permits, and licenses, and complying with health and safety standards can be time-consuming and costly, hindering the growth of food truck businesses.
  • Seasonal Demand: Depending on the location, food trucks may experience seasonal fluctuations in demand. Inclement weather and cold climates can significantly impact foot traffic and sales during certain periods.
  • Limited Operating Hours: Food trucks often have limited operating hours compared to brick-and-mortar restaurants. Some areas may have restrictions on when and where food trucks can operate, which can affect their ability to serve customers during peak times.
  • Rising Costs: Like any business, food trucks are vulnerable to increasing operating costs, such as fuel, food ingredients, labor, and insurance expenses. Rising costs could affect pricing strategies and profit margins.
  • Location and Foot Traffic: The success of a food truck heavily depends on its location and access to foot traffic. If the chosen location does not have sufficient customer flow or the target audience, it could impact sales and revenue.
  • Food Safety and Quality Concerns: Maintaining food safety and quality standards in a mobile setting can be challenging. Any foodborne illness incidents or quality issues could harm a food truck’s reputation and lead to a loss of customer trust.
  • Limited Menu and Storage Space: Food trucks have limited space for storing ingredients and preparing complex dishes. This constraint could limit the menu options and prevent some operators from offering a wide variety of choices.
  • Parking and Zoning Restrictions: Some cities may have strict parking and zoning restrictions for food trucks, limiting their ability to operate in popular and high-traffic areas.
  • Market Saturation: In certain areas, the food truck market might become saturated with a high number of vendors, leading to increased competition and reduced profitability.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Food Truck Market Light Commercial Vehicle Market Nano Zinc OxideMarket
CAGR 6.2% (Approx) CAGR 9.5% (Approx) CAGR 29.2% (Approx)
USD 7.55 Billion by 2032 USD 17.6 Trillion by 2032 USD 58.3 Billion by 2032

Report Scope

Feature of the Report Details
Market Size in 2023 USD 5.26 Billion
Projected Market Size in 2032 USD 7.55 Billion
Market Size in 2022 USD 5.01 Billion
CAGR Growth Rate 6.2% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Serving Type, Types of Vehicle and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Serving Type:

The Food Truck Market can be categorized based on the Serving Type, including ice cream, barbeque food, snack food, beverage service, fast food, fruits & vegetable seller, and others. As of 2022, the fast food segment held the largest market share, and it is expected to experience significant growth at a compounded annual growth rate (CAGR) during the forecast period.

The popularity of fast food has surged due to its affordability, convenience, and the wide variety of menu items and flavors offered. This trend is projected to drive the expansion of the fast food segment in the coming years as the consumption of fast food continues to rise.

By Types of Vehicle:

The Global Food Truck Market has been classified based on the types of vehicles used, including Full-Size Van, Bus, Ape, or any Large or Extra-Large Vehicle. As of 2022, the Full-Size Van segment dominated the market, holding the largest market share, and it is expected to witness the highest compound annual growth rate (CAGR) during the forecast period.

This surge in the Full-Size Van segment can be attributed to food truck owners’ increasing inclination towards creating unique themes and providing an enhanced overall experience for their customers. Vans are becoming a preferred choice for food trucks due to their ease of customization and cost-effectiveness, allowing food truck operators to personalize their vehicles to match their brand and offerings.

Global Food Truck Market 2023–2032 (By Billion)

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Food Truck Market – Regional Analysis

  • North America: North America has been a prominent region for the food truck industry. The United States, in particular, has witnessed significant growth in the number of food trucks operating in various cities. Food trucks have become a popular choice for urban areas, college campuses, and events. The diverse food culture and the growing demand for convenient, unique dining experiences have contributed to the food truck’s success in this region.
  • Europe: Several countries in Europe have also embraced the food truck culture, although the market’s growth has been relatively slower compared to North America. Cities like London, Berlin, and Barcelona have seen a rise in gourmet food trucks offering a wide range of international cuisines. However, strict regulations and permitting processes in some European cities have presented challenges for food truck operators.
  • Asia-Pacific: The food truck market in Asia-Pacific has been steadily growing, especially in countries like South Korea, Japan, and Australia. These regions have seen the emergence of creative and diverse food trucks offering both traditional and fusion cuisines. The food truck trend is driven by an increasing young urban population seeking innovative dining experiences.
  • Latin America: Food trucks have gained popularity in Latin America, with cities like Mexico City, São Paulo, and Buenos Aires witnessing a rise in food truck culture. Street food has long been an integral part of the region’s culinary tradition, and food trucks have provided a modern twist to traditional flavors.
  • Middle East and Africa: The food truck market in the Middle East and Africa is relatively nascent but shows potential for growth. Countries like the United Arab Emirates and South Africa have witnessed the emergence of food trucks catering to diverse cuisines and consumer preferences.

Global Food Truck Market 2023–2032 (By Types of Vehicle)

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List of the prominent players in the Food Truck Market:

  • Prestige Custom Food Truck Manufacturer
  • EasyTracGPS Inc.
  • Roaming Hunger
  • Good Food Truck Company
  • Roundup World Street Kitchen
  • Food Truck India
  • Food Truck Company B.V.
  • Mallaghan
  • M&R Trailers
  • Bostonian Body Inc.
  • Others

The Food Truck Market is segmented as follows:

By Serving Type

  • Ice Cream
  • Barbeque Food
  • Snack Food
  • Beverage Serve
  • Fast Food
  • Fruits & Vegetable Seller
  • Other

By Types of Vehicle

  • Full-Size Van
  • Bus
  • Ape
  • Any Large or Extra-Large Vehicle

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Food Truck Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Food Truck Market : snapshot
  • Chapter 3. Global Food Truck Market – Industry Analysis
    • 3.1 Food Truck Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Affordability and Lower Overheads
      • 3.2.2 Unique and Specialized Cuisine
      • 3.2.3 Mobility and Flexibility
      • 3.2.4 Social Media and Marketing
      • 3.2.5 Cultural Diversity and Fusion Cuisine
      • 3.2.6 Food Festivals and Events
      • 3.2.7 Changing Consumer Preferences
      • 3.2.8 Environmental Sustainability
      • 3.2.9 Entrepreneurial Opportunities
      • 3.2.10 Supportive Regulations.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Serving Type
      • 3.7.2 Market attractiveness analysis By Types of Vehicle
  • Chapter 4. Global Food Truck Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Food Truck Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Food Truck Market – Serving Type Analysis
    • 5.1 Global Food Truck Market overview: By Serving Type
      • 5.1.1 Global Food Truck Market share, By Serving Type, 2022 and – 2033
    • 5.2 Ice Cream
      • 5.2.1 Global Food Truck Market by Ice Cream, 2024 – 2033 (USD Billion)
    • 5.3 Barbeque Food
      • 5.3.1 Global Food Truck Market by Barbeque Food, 2024 – 2033 (USD Billion)
    • 5.4 Snack Food
      • 5.4.1 Global Food Truck Market by Snack Food, 2024 – 2033 (USD Billion)
    • 5.5 Beverage Serve
      • 5.5.1 Global Food Truck Market by Beverage Serve, 2024 – 2033 (USD Billion)
    • 5.6 Fast Food
      • 5.6.1 Global Food Truck Market by Fast Food, 2024 – 2033 (USD Billion)
    • 5.7 Fruits & Vegetable Seller
      • 5.7.1 Global Food Truck Market by Fruits & Vegetable Seller, 2024 – 2033 (USD Billion)
    • 5.8 Other
      • 5.8.1 Global Food Truck Market by Other, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Food Truck Market – Types of Vehicle Analysis
    • 6.1 Global Food Truck Market overview: By Types of Vehicle
      • 6.1.1 Global Food Truck Market share, By Types of Vehicle, 2022 and – 2033
    • 6.2 Full-Size Van
      • 6.2.1 Global Food Truck Market by Full-Size Van, 2024 – 2033 (USD Billion)
    • 6.3 Bus
      • 6.3.1 Global Food Truck Market by Bus, 2024 – 2033 (USD Billion)
    • 6.4 Ape
      • 6.4.1 Global Food Truck Market by Ape, 2024 – 2033 (USD Billion)
    • 6.5 Any Large or Extra-Large Vehicle
      • 6.5.1 Global Food Truck Market by Any Large or Extra-Large Vehicle, 2024 – 2033 (USD Billion)
  • Chapter 7. Food Truck Market – Regional Analysis
    • 7.1 Global Food Truck Market Regional Overview
    • 7.2 Global Food Truck Market Share, by Region, 2022 & – 2033 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Food Truck Market, 2024 – 2033 (USD Billion)
        • 7.3.1.1 North America Food Truck Market, by Country, 2024 – 2033 (USD Billion)
    • 7.4 North America Food Truck Market, by Serving Type, 2024 – 2033
      • 7.4.1 North America Food Truck Market, by Serving Type, 2024 – 2033 (USD Billion)
    • 7.5 North America Food Truck Market, by Types of Vehicle, 2024 – 2033
      • 7.5.1 North America Food Truck Market, by Types of Vehicle, 2024 – 2033 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Food Truck Market, 2024 – 2033 (USD Billion)
        • 7.6.1.1 Europe Food Truck Market, by Country, 2024 – 2033 (USD Billion)
    • 7.7 Europe Food Truck Market, by Serving Type, 2024 – 2033
      • 7.7.1 Europe Food Truck Market, by Serving Type, 2024 – 2033 (USD Billion)
    • 7.8 Europe Food Truck Market, by Types of Vehicle, 2024 – 2033
      • 7.8.1 Europe Food Truck Market, by Types of Vehicle, 2024 – 2033 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Food Truck Market, 2024 – 2033 (USD Billion)
        • 7.9.1.1 Asia Pacific Food Truck Market, by Country, 2024 – 2033 (USD Billion)
    • 7.10 Asia Pacific Food Truck Market, by Serving Type, 2024 – 2033
      • 7.10.1 Asia Pacific Food Truck Market, by Serving Type, 2024 – 2033 (USD Billion)
    • 7.11 Asia Pacific Food Truck Market, by Types of Vehicle, 2024 – 2033
      • 7.11.1 Asia Pacific Food Truck Market, by Types of Vehicle, 2024 – 2033 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Food Truck Market, 2024 – 2033 (USD Billion)
        • 7.12.1.1 Latin America Food Truck Market, by Country, 2024 – 2033 (USD Billion)
    • 7.13 Latin America Food Truck Market, by Serving Type, 2024 – 2033
      • 7.13.1 Latin America Food Truck Market, by Serving Type, 2024 – 2033 (USD Billion)
    • 7.14 Latin America Food Truck Market, by Types of Vehicle, 2024 – 2033
      • 7.14.1 Latin America Food Truck Market, by Types of Vehicle, 2024 – 2033 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Food Truck Market, 2024 – 2033 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Food Truck Market, by Country, 2024 – 2033 (USD Billion)
    • 7.16 The Middle-East and Africa Food Truck Market, by Serving Type, 2024 – 2033
      • 7.16.1 The Middle-East and Africa Food Truck Market, by Serving Type, 2024 – 2033 (USD Billion)
    • 7.17 The Middle-East and Africa Food Truck Market, by Types of Vehicle, 2024 – 2033
      • 7.17.1 The Middle-East and Africa Food Truck Market, by Types of Vehicle, 2024 – 2033 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Prestige Custom Food Truck Manufacturer
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 EasyTracGPS Inc.
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Roaming Hunger
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Good Food Truck Company
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Roundup World Street Kitchen
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Food Truck India
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Food Truck Company B.V.
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Mallaghan
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 M&R Trailers
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Bostonian Body Inc.
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 Others.
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
List Of Figures

Figures No 1 to 25

List Of Tables

Tables No 1 to 52

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players

  • Prestige Custom Food Truck Manufacturer
  • EasyTracGPS Inc.
  • Roaming Hunger
  • Good Food Truck Company
  • Roundup World Street Kitchen
  • Food Truck India
  • Food Truck Company B.V.
  • Mallaghan
  • M&R Trailers
  • Bostonian Body Inc.
  • Others

FAQs

The key factors driving the Market are Affordability and Lower Overheads, Unique and Specialized Cuisine, Mobility and Flexibility, Social Media and Marketing, Cultural Diversity and Fusion Cuisine, Food Festivals and Events, Changing Consumer Preferences, Environmental Sustainability, Entrepreneurial Opportunities And Supportive Regulations.

The “Serving Type” category dominated the market in 2022.

The key players in the market are Prestige Custom Food Truck Manufacturer, EasyTracGPS Inc., Roaming Hunger, Good Food Truck Company, Roundup World Street Kitchen, Food Truck India, Food Truck Company B.V., Mallaghan, M&R Trailers, Bostonian Body Inc., Others.

“North America” had the largest share in the Food Truck Market.

The global market is projected to grow at a CAGR of 6.2% during the forecast period, 2023-2032.

The Food Truck Market size was valued at USD 5.01 Billion in 2022.

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