Allied Market Research
Loading...
0
Upcoming Allied Market Research
2022
Food Truck Market

Food Truck Market by Application (Ice Cream, Barbeque Food, Snack Food, Beverage Serve, Halal Food, Fast Food, Fruits & Vegetable Seller, and Other), Type (Full Size Van, Bus, Ape, and Others), and Location Premise (Commercial, Institutional, Streets and Parks): Global Opportunity Analysis and Industry Forecast, 2021–2030

A15661
Pages: NA
Jul 2022 | 214 Views
   
Author(s) : NA
Tables: NA
Charts: NA
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Food Truck Market

Request Now !

Food trucks are considered the restaurant industry's mobile equivalent. A food truck can travel to any location where customers are present. As a result, it has become one of the most popular restaurant trends. The changing tastes and preferences of consumers, as well as their desire to eat street food and beverages, have resulted in an increase in demand for food truck services throughout time. Manufacturers of these vehicles are concentrating on producing trucks with the sanitary element in mind. Due to factors such as increased hectic schedules, an increase in the number of working women, a preference for street food, and growing urbanization, the worldwide food truck business has seen significant changes. Food trucks are gaining popularity because the food they provide is both economical and good, and it is available in convenient locations. Another factor driving the expansion of the food truck market is lower capital investment.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2030

 Base Year Considered

  2020

  Forecast Period

  2021–2030s

  Forecast Unit

  Value (USD)

  Segments Covered

  Application, Type, Location premise, and Region

 

COVID-19 Impact analysis

  • The COVID-19 (coronavirus) outbreak has drastically impacted foot traffic in business district regions, which are home to a big number of food truck operators. As a result, industry operators should expect a drop in demand for food served by food trucks, as many people have resorted to working remotely as a result of the pandemic. 
  • As a result, food truck entrepreneurs have come up with new ways to reach out to residents, businesses, and rest stations. Some food trucks, in example, have cooperated with hospitals and factories to park in their lots. In the midst of the pandemic, some food trucks have switched to selling groceries. 
  • Rising health consciousness among people has led to fall in demand of street food this in turn will lead to fall in demand for food truck market.

Top Impacting Factors

  • Due to increased consumer propensity toward street food and quickly changing lifestyles, the global food truck market is likely to grow significantly over the forecast period.
  • Another reason why people prefer food trucks to get their meals at inexpensive prices is a lack of time. Furthermore, lesser investment, higher profitability, and greater flexibility, together with increased consumer disposable income, which allows them to spend on unique and excellent food offered by food trucks, are some of the factors driving the rise of the food truck industry.
  • Food truck market growth could be hampered by an increase in the number of health-conscious people, as well as strict government regulations on food trucks due to service tax and traffic rules difficulties.

Market Trends

Food Trucks are being used by more commercial restaurants

Food trucks are being used as a catalyst by established chain restaurants, such as Outback, to test out new foods and concepts. Many new eateries are offering food trucks with prospective new menu items while also keeping track of sales. These collaborations minimize the need to fund and organize focus groups, allowing for natural experimentation to take place. Furthermore, bad consumer opinion is associated with the food truck rather than the restaurant if the item is unpopular.

Food trucks are also being utilized to test public opinion on different sorts of foods as well as their potential for local success. Instead of doing surveys to determine what type of cuisine will be popular in a given location, established businesses might put a food truck there and monitor its performance. There are numerous eateries that have chosen to open commercial sites after deploying food trucks to the area.

Increasing demand for environment friendly food and vegan foods 

Young people who frequent food trucks are also aware of the consequences of climate change. In 2021, this lobbying is likely to have an influence on the food business, which will be under pressure to sell food that is sourced responsibly and cultivated using renewable resources. Increased organic options are expected from food trucks, as well as more labels detailing the sources of their ingredients. Food trucks can increase their business by accommodating the viewpoints of their customers.

Vegan products have taken traction, with prominent fast-food companies including them on their menus. As the desire for vegetarian protein options develops, the food truck business should expect to see this trend extend to them. Experts in the food sector have taken note of the Impossible Burger's success and are working to accommodate this new demand. Additionally, omnivores seeking healthier options are increasingly turning to meat-plant mixtures. Burgers with mushrooms, beans, and chickpeas are being considered by food trucks.

Key Benefits of the Report

  • This study presents the analytical depiction of the Food Truck industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Food Truck Market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the Food Truck Market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed Food Truck Market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the Report

  • Who are the leading market players active in the Food Truck Market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What is Food Truck Market prediction in the future?
  • Which will be the niches at which players profiling with recent advancements should set a presence?
  • What are the driving factors and opportunities in the market?
  • What are the current trends and predicted trends?
  • What are the challenges faced in the Food Truck Market?

Key Market Segments

Segments Sub-segments
By Application
  • Ice Cream
  • Barbeque Food
  • Snack Food
  • Beverage Serve
  • Halal Food
  • Fast Food
  • Fruits & Vegetable Seller
  • Other
By Type
  • Full size van
  • Bus
  • Ape
  • Others
By Location premise
  • Commercial
  • Institutional
  • Streets
  • Parks
By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa


Key Market Players

  • Roundup World Street Kitchen
  • Food Truck India
  • Food Truck Company B.V.
  • Mallaghan
  • Prestige Custom Food Truck Manufacturer
  • EasyTracGPS Inc
  • Roaming Hunger
  • Good Food Truck Company
  • M & R trailers and Truck
  • Custom Concessions
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
PURCHASE OPTIONS

Start reading ,This Report and over 13000+ thousand more Reports, Available with Avenue Library, T&C*

Call or Email us

U.S.-Canada
Toll-free :
+1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.

 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

REQUEST TOC/SAMPLE

OR

Purchase Full Report of
Food Truck Market

Start reading.
This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $9,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Erythropoietin Drugs Market

Global Opportunity Analysis and Industry Forecast, 2021–2028

Published in May 2021

Download Sample

Protein Therapeutics Market

Global Opportunity Analysis and Industry Forecast, 2021–2030

Published in Feb 2022

Download Sample

Surgical Equipment Market

Global Opportunity Analysis and Industry Forecast, 2020-2027

Published in Jan 2021

Download Sample

Medical Implant Market

Global Opportunity Analysis and Industry Forecast, 2020–2027

Published in Nov 2020

Download Sample

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers