Market Overview:
The global mobile food truck market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for convenient food options, especially among millennials. Additionally, the rising popularity of food trucks as a tourist attraction is also propelling the growth of this market. Based on type, the global mobile food truck market can be segmented into unpowered food trucks, electric food trucks, and gasoline-powered food trucks. Of these, electric vehicles are expected to witness higher growth during the forecast period owing to their low operating costs and environment-friendly nature. Based on application, the global mobile food truck market can be segmented into scenic spots, streetside vendors/kiosks/stalls/pods), and others (such as events & festivals). The scenic spot segment is projected to account for a larger share of this market in 2018 due its growing popularity among tourists worldwide.
Product Definition:
A mobile food truck is a vehicle that is designed to cook and sell food. The importance of mobile food trucks is that they provide a convenient way for people to buy food.
Unpowered Food Truck:
Unpowered food trucks are vehicles that do not have any electrical system to run it. These vehicles use only the energy of wheels, gravity and manual efforts for moving from one place to another. The major advantage of this vehicle type is that there is no need for a permanent structure or fixed location for business purposes.
Electric Food Truck:
An electric food truck is a vehicle that serves food from inside and can be driven to the customer. Most of these vehicles are converted from normal road vehicles such as a van or car. They have kitchen facilities inside and an exterior kitchen door for serving customers. The average life of an electric truck is five to six years, after which it may be converted into a conventional one with minimal changes, if any.
Application Insights:
The others application segment held the largest market share of more than 50% in 2017. The others application category includes events, fairs and carnivals. These events are held at various places including highways, parks and recreational grounds, sports complexes, golf courses and hotels among other public venues. Mobile food trucks serve a variety of foods including snacks to complete meals to cater to the needs of a large crowd efficiently.
Scenic spot is expected to be the fastest-growing application segment with a CAGR exceeding 8% from 2018 to 2030 owing to increasing tourism in countries such as India China Thailand among other Southeast Asian countries U.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. Factors such as increasing number of mobile food vendors owing to their flexible operating hours, presence of various application categories and a well-established tourism industry are anticipated to drive regional growth.
Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due rising disposable income levels and improving standards of living especially in developing countries such as India, China, Thailand and Vietnam among others.
Growth Factors:
- Increasing urbanization – with the increase in population, there is a corresponding increase in the demand for food services, which mobile food trucks can cater to.
- Proliferation of social media – this has helped to create awareness about mobile food trucks and their offerings, thus driving demand for them.
- Growing popularity of street food – people are increasingly preferring street foods over traditional restaurant fare, providing a growth opportunity for mobile food trucks.
- Innovative menu items and flavors – mobile food truck operators are constantly innovating their menus with new and interesting items, helping to attract customers’ attention.
Scope Of The Report
Report Attributes
Report Details
Report Title
Mobile Food Truck Market Research Report
By Type
Unpowered Food Truck, Electric Food Truck, Gasoline Food Truck
By Application
Scenic Spot, Street, Others
By Companies
M&R Specialty Trailers and Trucks, Prime Design Food Trucks, Food Cart USA, APEX, Prestige Food Trucks, Shanghai Automotive Industry Corporation (Group) Corp, TAKI AUTO, Chongqing Sokon Industry Group Stock Co., Ltd., CHONGQING DIMA INDUSTRY CO.,LTD, AUCMA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Mobile Food Truck Market Report Segments:
The global Mobile Food Truck market is segmented on the basis of:
Types
Unpowered Food Truck, Electric Food Truck, Gasoline Food Truck
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Scenic Spot, Street, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- M&R Specialty Trailers and Trucks
- Prime Design Food Trucks
- Food Cart USA
- APEX
- Prestige Food Trucks
- Shanghai Automotive Industry Corporation (Group) Corp
- TAKI AUTO
- Chongqing Sokon Industry Group Stock Co., Ltd.
- CHONGQING DIMA INDUSTRY CO.,LTD
- AUCMA
Highlights of The Mobile Food Truck Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Unpowered Food Truck
- Electric Food Truck
- Gasoline Food Truck
- By Application:
- Scenic Spot
- Street
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Mobile Food Truck Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A mobile food truck is a vehicle that is used to serve food from a stationary location. They are typically smaller than traditional trucks and have either a kitchen or countertop on the truck, making it easier for the owner to cook and serve food.
Some of the key players operating in the mobile food truck market are M&R Specialty Trailers and Trucks, Prime Design Food Trucks, Food Cart USA, APEX, Prestige Food Trucks, Shanghai Automotive Industry Corporation (Group) Corp, TAKI AUTO, Chongqing Sokon Industry Group Stock Co., Ltd., CHONGQING DIMA INDUSTRY CO.,LTD, AUCMA.
The mobile food truck market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Mobile Food Truck Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Mobile Food Truck Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mobile Food Truck Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Mobile Food Truck Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Mobile Food Truck Market Size & Forecast, 2020-2028
4.5.1 Mobile Food Truck Market Size and Y-o-Y Growth
4.5.2 Mobile Food Truck Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Unpowered Food Truck
5.2.2 Electric Food Truck
5.2.3 Gasoline Food Truck
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Scenic Spot
6.2.2 Street
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mobile Food Truck Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Mobile Food Truck Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Unpowered Food Truck
9.6.2 Electric Food Truck
9.6.3 Gasoline Food Truck
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Scenic Spot
9.10.2 Street
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Unpowered Food Truck
10.6.2 Electric Food Truck
10.6.3 Gasoline Food Truck
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Scenic Spot
10.10.2 Street
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Unpowered Food Truck
11.6.2 Electric Food Truck
11.6.3 Gasoline Food Truck
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Scenic Spot
11.10.2 Street
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Unpowered Food Truck
12.6.2 Electric Food Truck
12.6.3 Gasoline Food Truck
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Scenic Spot
12.10.2 Street
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Unpowered Food Truck
13.6.2 Electric Food Truck
13.6.3 Gasoline Food Truck
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Scenic Spot
13.10.2 Street
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Mobile Food Truck Market: Competitive Dashboard
14.2 Global Mobile Food Truck Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 M&R Specialty Trailers and Trucks
14.3.2 Prime Design Food Trucks
14.3.3 Food Cart USA
14.3.4 APEX
14.3.5 Prestige Food Trucks
14.3.6 Shanghai Automotive Industry Corporation (Group) Corp
14.3.7 TAKI AUTO
14.3.8 Chongqing Sokon Industry Group Stock Co., Ltd.
14.3.9 CHONGQING DIMA INDUSTRY CO.,LTD
14.3.10 AUCMA
