Press release
Food Trucks Market Research Report 2018 | Trends, Development, Growth Factors, Top Leading Companies, Revenue and Gross Margin Forecast to 2025
The Global Food Trucks Market was valued at USD 2.7 billion in 2017, and is expected to grow at a CAGR of XX% by 2025. Changing lifestyle, busy schedule, consumers taste and menu preferences remains the primary driver which drives the development of the market.The Omnipresence of Food trucks, freedom for less upfront investment, Smart Networks and rise in growth of Electric Vehicles which offer fuel-efficient future for both consumer and commercial uses is drives a way for food-preneurs to grow in exciting and experimental ways, without the expense of a brick-and-mortar location.
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Rise in online ordering trend and increasing number of food trucks are letting customers place their orders from different locations or even while waiting in line through a dedicated app. The use of tech by millennial to order food foresees an opportunity in the rise of food truck market. Also, Toyota Motor Corp. has showed off a new concept called e-Palette, a vehicle that is similar food truck and is highly customizable and even thinks food trucks are the future of retail and has convinced Amazon.com Inc. to help out.
Consumers preferences keep on changing when it comes to food the unique flavors of different food trucks increase the options of getting a low cost, high-quality gourmet food. The setback in establishing a food truck business is the regulations that vendors have to meet before they get their permits. Globally Multi cuisine and rising popularity of fast food among the consumers are also resulting to the rise in growth of the food truck market in the Asia Pacific, South America and Africa.
Europe accounts to be the major share for food truck market due to the rising inclination among the consumers with the changing consumer’s tastes and preferences towards different kind of menu served.
Key players covered in the report
Roundup World Street Kitchen
Food Truck India
Food Truck Company
Good Food Truck Company
EasyTracGPS, Inc
Foodtruckr.com
The Lalit Food Truck Company
Prestige Food Trucks
Custom Concessions
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Target Audience:
• Food Trucks providers
• Traders, Importer and Exporter
• Raw material suppliers and distributors
• Research and consulting firms
• Government and research organizations
• Associations and industry bodies
Key Benefits of the Report:
• Global, Regional, Country, Application, and Vehicle Type Market Size and Forecast from 2014-2025
o Provide attractive market segments and associated growth opportunities
• Detailed market dynamics, industry outlook with market specific PESTLE, Value Chain, Supply Chain, and
SWOT Analysis to better understand the market and build strategies
• Identification of key companies that can influence this market on a global and regional scale
• Expert interviews and their insights on market shift, current and future outlook and factors impacting
vendors short term and long term strategies
• Detailed insights on emerging regions, product & application, and competitive landscape with qualitative and
quantitative information and facts
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TABLE OF CONTENT
1 EXECUTIVE SUMMARY
2 METHODOLOGY AND MARKET SCOPE
3 FOOD TRUCKS MARKET — INDUSTRY OUTLOOK
4 FOOD TRUCKS MARKET BY VEHICLE TYPE OUTLOOK
5 FOOD TRUCKS MARKET BY APPLICATION OUTLOOK
6 FOOD TRUCKS MARKET BY REGIONAL OUTLOOK
7 COMPETITIVE LANDSCAPE
End of the report
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