Skip to content
  • Home
  • World News
  • Business
  • Aviation
195 news

195News

All the news that's fit to print

  • Home
  • World News
  • Business
  • Aviation
  • Toggle search form
  • Secretary Antony J. Blinken At a Meeting with Palestinian Civil Society Representatives
    Secretary Antony J. Blinken At a Meeting with Palestinian Civil Society Representatives World News
  • Pugachev’s interview to Gordon: Putin’s money bought him voices in the west. 2022-09-07 pt1
    Pugachev’s interview to Gordon: Putin’s money bought him voices in the west. 2022-09-07 pt1 World News
  • Global Aviation Fuel Market Growth: Projected to Reach 4.04 Billion by 2029 with an Impressive 13.8% CAGR
    Global Aviation Fuel Market Growth: Projected to Reach $444.04 Billion by 2029 with an Impressive 13.8% CAGR Aviation
  • eMerge M&A Ranked #1 Lower Middle Market Investment Bank by Axial
    eMerge M&A Ranked #1 Lower Middle Market Investment Bank by Axial Business
  • Ventajas de las Rejillas de Fibra de Vidrio para Empresas
    Ventajas de las Rejillas de Fibra de Vidrio para Empresas Business
  • Single-Use Devices to Propel the U.S. Urological Device Market to Reach .5B by 2030
    Single-Use Devices to Propel the U.S. Urological Device Market to Reach $6.5B by 2030 World News
  • Business Technology Architects and IT Leaders to Meet April 23 at the IASA Ireland/ICT Skillnet TechBREW Event in Dublin
    Business Technology Architects and IT Leaders to Meet April 23 at the IASA Ireland/ICT Skillnet TechBREW Event in Dublin Business
  • The American University of Rome launches new one-week summer program focused on the cultural heritage of Rome
    The American University of Rome launches new one-week summer program focused on the cultural heritage of Rome World News
North America Food Trucks Market to Rise at a Revenue of US$ 137.19 Million by 2031

North America Food Trucks Market to Rise at a Revenue of US$ 137.19 Million by 2031

Posted on June 23, 2023 By NewsEditor

North America Food Trucks Market to Rise at a Revenue of US$ 137.19 Million by 2031

CHICAGO, UNITED STATES, June 12, 2023/EINPresswire.com/ — North America food truck market is expected to grow rapidly from 2023 to 2031, registering a CAGR of 18.47%. The market is expected to reach US$ 137.19 Mn in revenue by 2031, up from US$ 23.87 Mn in 2022, demonstrating the enormous potential for entrepreneurs to enter the food truck company.

Request Sample Report @ https://www.astuteanalytica.com/request-sample/north-america-food-trucks-market

In 2021, the National Restaurant Association (NRA) estimated that 25,500 food trucks were operating in the United States, with a market revenue of US$ 1.2 billion. There are currently an estimated 6,000 food trucks operating all around Canada, which has seen a considerable increase in the food truck market in recent years.

Each year, many food trucks are added to the North American landscape. Over 2,000 new food trucks are being added to the American market each year, compared to 500 in Canada. This suggests a strong and expanding market with more potential for new business owners to enter the sector.

This growth in the food truck market in North America is due to shifting customer preferences, escalating urbanization, and rising interest in street food. Additionally, there is a rise in demand for mobile food trucks that offer gluten-free and vegan food for people with special dietary needs. In the upcoming years, this trend will continue, presenting expansion prospects for businesses that provide specialized food products.

Another aspect driving the market’s expansion in North America is the low cost of food trucks compared to restaurants. According to the U.S. Chamber of Commerce, the average cost to launch a food truck business in the country is between US$ 50,000 and US$ 60,000. These expenses include the purchase of a point-of-sale (POS) system, payment for licenses and permits, and other legal compliances. Furthermore, according to Restaurant research, the average cost to open a restaurant range from US$ 275,000 to US$ 2 million, while the cost to open a new food truck is between US$ 75,000 and US$ 150,000.

Growing Popularity of Box Truck Vehicles

Box trucks have become a well-liked choice in the North American food truck market, accounting for more than 15% of market sales. Since box trucks can be customized more affordably than full-size vans or food trailers, they are a popular choice for food truck owners and a practical solution for business owners looking to enter the food truck sector. Box trucks are perfect for local runs since they offer a dependable, secure space for storing food or equipment.

Fast Food is the Popular Choice Among Americans

The fast-food segment dominated the North America food truck market. This is due to the growing demand for fast food in America, which is owing to the rise in working populations and the busy lives of millennials. The need for fresh, enticing, affordable, and quick meals is growing, and this trend is expanding globally. With food trucks becoming popular, menus that stand out from the crowd and draw consumers are becoming important.

Top 5 Players Control About 30.10% of the Market Revenue

The North America food truck is quite competitive, with many businesses competing to provide customers with a variety of goods. According to a recent study, the top market players have used various competitive methods, like mergers and acquisitions, to gain a firm foothold in the developing market. These top companies are also extending their regional reach by purchasing local and smaller brands.

Although there are many competitors, there is monopolistic rivalry in the North America food truck market, as evidenced by the biggest competitors’ combined market share of close to 30.10% of the market. The leading companies in the North American market are Roaming Hunger, M&R Trailers, EasyTracGPS, Inc., Bostonian Body, Inc., and MSM Catering Trucks Manufacturing.

According to the analysis of Astute Analytica, Roaming Hunger is one of the leading companies in the market, with a sizable revenue market share of about 8.9%. The business has made a name for itself as a top supplier of mobile food solutions, serving a variety of events and celebrations like festivals, weddings, and corporate events. The business has developed a reputation for its broad selection of culinary products, which vary from traditional street food to gourmet fare, and cater to several tastes and preferences. With a user-friendly online ordering system and mobile app that let customers find and purchase from their preferred food trucks, the business has also used technology to improve its services.

Leading businesses in the North American food truck sector are substantially investing in product development and innovation in addition to mergers and acquisitions to keep ahead of the competition. Companies are concentrating on creating novel and inventive food products to meet the trend of rising consumer demand for healthy and organic food options.

Browse Detailed Summary of Research Report: https://www.astuteanalytica.com/industry-report/north-america-food-trucks-market

Leading Companies

ALL AMERICAN FOOD TRUCKS

Bostonian Body, Inc.

EasyTracGPS, Inc.

Food Truck Company B.V.

Futuristo Trailers

Good Food Truck Company

M&R Trailers

MSM Catering Trucks Manufacturing

Prestige Food Trucks

Roaming Hunger

The Fud Trailer Company

United Food Trucks United LLC

VS VeicoliSpeciali

Other Prominent Players

Segmentation Outline

The North America food truck market segmentation focuses on Solution, Vehicle Type, Fuel Type, Application, and Country.

By Solution

Vehicles sales

Parts & Accessories

Repair & Services

By Vehicle Type

Full-Size Van

Cargo van

Step vans

Bus

Cutaway or Pickup Truck

Food Trailer

Box Truck

Others

By Fuel Type

Diesel

Petrol

Electric

Bio-Diesel

CNG

By Application

Street food truck

Gourmet food truck

Fast food truck

Vegan food truck

BBQ food truck

Others

By Country

The U.S.

Canada

Mexico

Looking For Customization: https://www.astuteanalytica.com/ask-for-customization/north-america-food-trucks-market

About Astute Analytica

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us.

Aamir Beg
Astute Analytica
+1 888-429-6757
email us here
Visit us on social media:
Twitter
LinkedIn

You just read:

News Provided By

June 12, 2023, 15:28 GMT


EIN Presswire’s priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content.
As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone’s Internet News Presswire™,
tries to define some of the boundaries that are reasonable in today’s world. Please see our
Editorial Guidelines
for more information.



Article originally published on www.einpresswire.com as North America Food Trucks Market to Rise at a Revenue of US$ 137.19 Million by 2031

Business

Post navigation

Previous Post: Vegan Supplements Market Size Expected To Reach $13 Billion By 2027
Next Post: War Day 255: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin

Related Posts

  • HiCamp Partners Joins EasyDMARC’s MSP Program to Enhance Email Security and Deliverability for Clients
    HiCamp Partners Joins EasyDMARC’s MSP Program to Enhance Email Security and Deliverability for Clients Business
  • Autism Behavior Services, Inc. Spreads Joy with Mother’s Day Gift Basket Initiative at Local Women’s Shelter
    Autism Behavior Services, Inc. Spreads Joy with Mother’s Day Gift Basket Initiative at Local Women’s Shelter Business
  • Newswire’s Media Advantage Platform Powers Chief Marketing Officers’ Return on Media and Marketing Communications Spend
    Newswire’s Media Advantage Platform Powers Chief Marketing Officers’ Return on Media and Marketing Communications Spend Business
  • Indonesia Passenger Car Market Projected to Surpass by 2030
    Indonesia Passenger Car Market Projected to Surpass by 2030 Business
  • Dolman Law Group Currently Accepting Hair Relaxer-Uterine Cancer Cases
    Dolman Law Group Currently Accepting Hair Relaxer-Uterine Cancer Cases Business
  • Supporting Our Elders: Clancey Braxton Yohman Encourages Businesses to Donate to National Council on Aging
    Supporting Our Elders: Clancey Braxton Yohman Encourages Businesses to Donate to National Council on Aging Business
August 2025
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
last celebrity gossip
Gossip Stone - celebrity life and gossip

Recent Posts

  • Audfly’s Directional Sound Modules Becoming a Standard in Smart DevicesAugust 6, 2025
  • Mural Honoring Paul ‘Unk P’ Gripper to Be Unveiled July 27 in PhiladelphiaAugust 5, 2025
  • RF Controls Powers AI-Driven, RFID-Based, Battery-Free RTLS Projects at University of Memphis AutoID LabAugust 5, 2025
  • BPX Strengthens SAP Signavio Practice to Deliver Next-Gen Process IntelligenceAugust 5, 2025
  • Aerospace 3D Printing Market Size Expected to Reach $6.80 Billion by 2030August 4, 2025
Brand Values Content
VUGA Enterprises - media network PR & Marketing
  • On the Conviction of Kem Sokha
    On the Conviction of Kem Sokha World News
  • Meat Stabilizers Blends Market Size, Share And Growth Analysis For 2023-2032
    Meat Stabilizers Blends Market Size, Share And Growth Analysis For 2023-2032 World News
  • Empowering Projects and Teams, PPM Express Now Integrates Monday.com
    Empowering Projects and Teams, PPM Express Now Integrates Monday.com World News
  • Cybernews Business Digital Index Finds Only 11% of Companies Earn Top Cybersecurity Grades
    Cybernews Business Digital Index Finds Only 11% of Companies Earn Top Cybersecurity Grades Business
  • Le nouvel établissement de service de Bombardier à Abu Dhabi témoigne de son engagement continu envers la région, alors que son empreinte de soutien à la clientèle ne cesse de croître partout dans le monde
    Le nouvel établissement de service de Bombardier à Abu Dhabi témoigne de son engagement continu envers la région, alors que son empreinte de soutien à la clientèle ne cesse de croître partout dans le monde Aviation
  • XQuant Helps Businesses With Unstructured Financial Data Processing for Efficient Output
    XQuant Helps Businesses With Unstructured Financial Data Processing for Efficient Output Business
  • War in Ukraine, Analytics. Day 831 (part2): Are We Moving Towards Defeat?
    War in Ukraine, Analytics. Day 831 (part2): Are We Moving Towards Defeat? World News
  • NASA mission to defend Earth from asteroids “a success”- BBC News
    NASA mission to defend Earth from asteroids “a success”- BBC News World News
aerospace company
stem cell clinic in kiev
medical spa in miami
Fashion TV free

Copyright © 2023 195 News. All Rights Reserved by Coolaser | Partner of VUGA Enterprises |  Advertising: Get Published

Powered by .