Mobile Food Vehicles Market

Market Insights

Mobile food vehicles, including food trucks, food carts, food trailers, and bustaurants, continue to wheel for an entrepreneurial opportunity and economic growth. The trend of mobile food vehicles transforming into and becoming a part of conventional brick-and-mortar restaurants is accelerating. Over the last decade, mobile food vehicles have offered a net positive to the already established restaurant industry in whichever city they have been set up. The global mobile food vehicles market is expected to expand at a CAGR of 4.9% during the forecast period from 2018 to 2026. On the contrary, despite the rapid growth experienced over the last few years, regulatory barriers appear to be hindering the growth of a once-hot industry.

Market Synopsis

Food Trucks to Dominate Throughout the Forecast Period

Food trucks remain the preferred choice for most food vendors in the mobile food industry, accounting for the majority of the market value share in 2017. The major reason behind their popularity is their range in sizes and mobility. While other variants like food carts and food trailers need a secondary vehicle in order to tow them, food trucks can commute on their own power. Thus, mobility remains the overriding factor for the popularity of food trucks over other variants. On the other hand, with fewer space requirements, food carts incur relatively lower costs for operation (electricity and propane), thereby offering vendors the opportunity to keep prices lower than those of other mobile food vehicles.

North America to Lead; Asia Pacific to Register Strong Growth During the Forecast Period

In 2017, North America was the largest mobile food vehicle market worldwide, closely followed by Europe and Asia-Pacific, respectively. The value share of North America in the global mobile food vehicle market stood at over 40% of the global market value in the same year. This dominance can be largely credited to the strong growth observed in the U.S. food truck industry over the last few years. Since recovering from the economic recession, the food truck industry in the U.S. has demonstrated an average growth rate of 7.5% per year. However, it is presumed that after witnessing promising and sustained growth for the last five years, food truck revenue will slow down, thereby affecting new sales of food trucks and the growth of the mobile food vehicle market in the U.S.

Key Players:

Some of the leading players profiled in the study include Prestige Food Trucks, M&R Trailers & Trucks, Custom Concessions, Prime Design & Food Trucks, Food Truck Stop, LA Stainless Kings, Newark Food Trucks, and Caged Crow Fabrications, among others.

Periods of History and Forecast

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2016 to 2026, considering 2017 as the base year for the research. The CAGR (compound annual growth rate) for each segment and sub-segment is calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

Key segments covered in the report are as follows:

Key questions are answered in this report.

• What was the size of the global market for mobile food vehicles in 2016 and 2017?
• What are the estimated forecast and market projections up to 2026?
• Which is the largest revenue-generating regional market for mobile food vehicles?
• Which mobile food vehicle variant has the largest share worldwide?
• Predominant trends shaping the global mobile food vehicle market worldwide
• Who are the leading manufacturers in the global mobile food vehicle market?
• What are the key strategies adopted by the leading manufacturers in the global mobile food vehicle market?

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global MFV Market Snapshot
2.2. Global MFV Market, by Type, 2017 (US$ Mn)
2.3. Global MFV Market, by Geography, 2017 (US$ Mn)

3. Global Mobile Food Vehicles (MFV) Market Analysis
3.1. Global MFV Market Overview
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Challenges
3.3. Attractive Investment Proposition, by Geography, 2017
3.4. Competitive Landscape
3.4.1. Market Positioning of the Leading Manufacturers
3.4.2. Major Strategies Adopted

4. Global Mobile Food Vehicles (MFV) Market Value, by Type , 2016 – 2026 (US$ Mn)
4.1. Comparative Analysis
4.1.1. MFV Market Value, by Type, 2017 & 2026 (Value %)
4.2. Food Trucks
4.3. Food Carts
4.4. Food Trailers
4.5. Bustaurants

5. North America Mobile Food Vehicles (MFV) Market Analysis, 2016 – 2026 (US$ Mn)
5.1. North America MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
5.1.1. Food Trucks
5.1.2. Food Carts
5.1.3. Food Trailers
5.1.4. Bustaurants
5.2. North America MFV Market Value, by Country, 2016 – 2026 (US$ Mn)
5.2.1. U.S.
5.2.1.1. U.S. MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
5.2.2. Rest of North America
5.2.2.1. Rest of North America MFV Market Value, by Type, 2016 – 2026 (US$ Mn)

6. Europe Mobile Food Vehicles (MFV) Market Analysis, 2016 – 2026 (US$ Mn)
6.1. Europe MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
6.1.1. Food Trucks
6.1.2. Food Carts
6.1.3. Food Trailers
6.1.4. Bustaurants
6.2. Europe MFV Market Value, by Country, 2016 – 2026 (US$ Mn)
6.2.1. U.K.
6.2.1.1. U.K. MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
6.2.2. Germany
6.2.2.1. Germany MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
6.2.3. France
6.2.3.1. France MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
6.2.4. Rest of Europe
6.2.4.1. Rest of Europe MFV Market Value, by Type, 2016 – 2026 (US$ Mn)

7. Asia Pacific Mobile Food Vehicles (MFV) Market Analysis, 2016 – 2026 (US$ Mn)
7.1. Asia Pacific MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
7.1.1. Food Trucks
7.1.2. Food Carts
7.1.3. Food Trailers
7.1.4. Bustaurants
7.2. Asia Pacific MFV Market Value, by Country, 2016 – 2026 (US$ Mn)
7.2.1. Japan.
7.2.1.1. Japan. MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
7.2.2. China
7.2.2.1. China MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
7.2.3. India
7.2.3.1. India MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
7.2.4. Rest of Asia Pacific
7.2.4.1. Rest of Asia Pacific MFV Market Value, by Type, 2016 – 2026 (US$ Mn)

8. Rest of the World Mobile Food Vehicles (MFV) Market Analysis, 2016 – 2026 (US$ Mn)
8.1. Rest of the World MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
8.1.1. Food Trucks
8.1.2. Food Carts
8.1.3. Food Trailers
8.1.4. Bustaurants
8.2. Rest of the World MFV Market Value, by Country, 2016 – 2026 (US$ Mn)
8.2.1. Latin America
8.2.1.1. Latin America MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
8.2.2. Middle East & Africa
8.2.2.1. Middle East & Africa MFV Market Value, by Type, 2016 – 2026 (US$ Mn)

9. Company Profiles
9.1. Prestige Food Trucks
9.2. M&R Trailers & Trucks
9.3. Custom Concessions
9.4. Prime Design & Food Trucks
9.5. Food Truck Stop
9.6. LA Stainless Kings
9.7. Newark Food Trucks
9.8. Caged Crow Fabrications

List of Figures

FIG. 1 Global Mobile Food Vehicles (MFV) Market Segmentation
FIG. 2 Global MFV Market Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global MFV Market, by Type, 2017 (US$ Mn)
FIG. 5 Global MFV Market, by Geography, 2017 (US$ Mn)
FIG. 6 Global MFV Market Value and Growth, 2016 – 2026, (US$ Mn and % Y-o-Y)
FIG. 7 Attractive Investment Segment: Global MFV Market
FIG. 8 Market Positioning of the Leading Mobile Food Vehicles Manufacturers, 2017
FIG. 9 Global MFV Market Value Contribution, by Type, 2017 & 2026 (Value %)
FIG. 10 Global Food Trucks Market Value and Growth, 2016 – 2026, (US$ Mn)
FIG. 11 Global Food Carts Market Value and Growth, 2016 – 2026, (US$ Mn)
FIG. 12 Global Food Trailers Market Value and Growth, 2016 – 2026, (US$ Mn)
FIG. 13 Global Bustaurants Market Value and Growth, 2016 – 2026, (US$ Mn)
FIG. 14 North America MFV Market Value and Growth, 2016 – 2026, (US$ Mn) (Y-o-Y %)
FIG. 15 Europe MFV Market Value and Growth, 2016 – 2026, (US$ Mn) (Y-o-Y %)
FIG. 16 Asia Pacific MFV Market Value and Growth, 2016 – 2026, (US$ Mn) (Y-o-Y %)
FIG. 17 RoW MFV Market Value and Growth, 2016 – 2026, (US$ Mn) (Y-o-Y %)

List of Tables

TABLE 1 Market Snapshot: Global Mobile Food Vehicles (MFV) Market
TABLE 2 Key Trends in Mobile Food Vehicles Industry
TABLE 3 Impact Indicators
TABLE 4 Impact Analysis of Drivers and Restraints
TABLE 5 North America MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
TABLE 6 North America MFV Market Value, by Country, 2016 – 2026 (US$ Mn)
TABLE 7 U.S. MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
TABLE 8 Rest of North America MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
TABLE 9 Europe MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
TABLE 10 Europe MFV Market Value, by Country, 2016 – 2026 (US$ Mn)
TABLE 11 U.K. MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
TABLE 12 France MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
TABLE 13 Germany MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
TABLE 14 Rest of Europe MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
TABLE 15 Asia Pacific MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
TABLE 16 Asia Pacific MFV Market Value, by Country, 2016 – 2026 (US$ Mn)
TABLE 17 China MFV Market Value, by Type, 2015- 2025 (US$ Mn)
TABLE 18 Japan MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
TABLE 19 India MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
TABLE 20 Rest of Asia Pacific MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
TABLE 21 Rest of World MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
TABLE 22 Rest of World MFV Market Value, by Region, 2016 – 2026 (US$ Mn)
TABLE 23 Latin America MFV Market Value, by Type, 2016 – 2026 (US$ Mn)
TABLE 24 Middle East & Africa MFV Market Value, by Type, 2016 – 2026 (US$ Mn)