Top Companies in Food Truck Market | Top Key Players Growth, Analysis, Size, Statistics by VMR
The increasing inclination of the consumers toward unique food concepts, and gourmet offerings are expected to propel the demand for the Food Truck Market in the years to come.
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MARKET OVERVIEW
The global Food Truck Market is valued at USD 3.94 Billion in the year 2021 and is projected to reach a value of USD 5.78 Billion by the year 2028. The Global Market is forecasted to grow to exhibit a Compound Annual Growth Rate (CAGR) of 6.6% over the forecast period. A decade ago, when it comes to eating outside food there was either the dining restaurant or the street-side which meant that we have only two options either we go for an expensive meal or get satisfied with the cheap. But now Food Truck business or restaurant on wheels has been gaining popularity among entrepreneurs and consumers alike. A Food Truck can move to any place wherever we want and where customers are located. This is the hottest trend in the restaurant business, and this makes the customers crazy about their food. The Food Truck market continues to grow with an annual growth rate of 7.5%.
The factors behind this are the rising busy schedule of people, rise in working women population, preferred different lifestyles by people, and inclination toward street food and rapid urbanization. Food is no longer perceived or limited to being consumed at home or sitting in one place. Another factor is a low dependency on resources, Food Truck even can start with 1 or 2 resources. There is a huge potential in the mobile kitchen business or Food Truck market in India and it is still in its nascent stage. Manufacturers of these trucks focused on the most important factor i.e., hygiene factor, and keeping in mind this factor the manufacturers developing trucks.
List of Top Key Players of the Food Truck Market:
|
Company Name |
Revenue in USD |
|
<5 million |
|
<$5 Million |
|
<$5 Million |
|
$14 Million |
|
<$5 Million |
It is founded in the year 2011, its specialties in Food Trucks, Food concepts, Company branding, Food Truck engineering, Pop up containers, development, Mobile food sales, sampling, Product launch foodservice industry, Food Truck sales, lease, rent, Food Truck Europe, Customer Loyalty, and Customer engagement
It is founded in 2012 and has Headquartered in Orlando, Florida. Prestige Food Trucks specializes in working with restaurants, universities, corporations, government institutions, and more. Prestige Food Trucks is well known as a trusted Food Truck manufacturer that has been in business since 2001. This company manufactures its trucks in Indiana and has offices in Pennsylvania and Florida.
Since 2004, Chicago-based EasyTracGPS has been one of the global leaders in delivering cutting-edge GPS tracking solutions that continue to make the world a smaller place.
Roaming Hunger is a Food Truck booking service that allows people to find Food Trucks in real-time, book trucks for upcoming events, and engage Food Trucks for advertising and promotional purposes. It was founded in 2009 by Ross Resnick.
Good Food Truck Company is headquartered in Galway, Ireland.
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Vantage Market Research Report comes up with a detailed analysis of each major player in the industry. The Study provides Global market size & share, Emerging trends, an in-depth analysis of key players, Development opportunities, Sales, and a Revenue Forecast.
