Food Truck Market Size and Share

Food Truck Market (2025 - 2030)
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Food Truck Market Analysis by Mordor Intelligence

The food truck market reached USD 4.42 billion in 2025 and is forecast to reach USD 6.06 billion in 2030, registering a 6.52% CAGR across the period. Strong consumer interest in convenient yet experiential dining, rising urbanization, and improvements in local permitting platforms uphold a resilient growth outlook. Operators benefit from lower upfront investment than storefront restaurants, while real-time social media discovery continues to broaden customer reach and lift daily footfall. Municipal shared-commissary initiatives and streamlined digital licensing portals reduce regulatory lead times, enabling faster scale-up for newcomers. Electric powertrains and purpose-built chassis lower lifetime operating costs, supporting the food truck market transition toward zero-emission fleets in cities that mandate cleaner transport. Competitive intensity remains fragmented as independent owners still dominate unit counts, yet fast-growing franchise systems have begun to formalize best-practice playbooks that cut compliance and sourcing costs.

Key Report Takeaways

  • By vehicle type, vans led with 46.20% revenue share in 2024; trucks are projected to expand at a 19.05% CAGR through 2030. 
  • By length, the 14 to 22 ft segment accounted for a 53.75% share of the food truck market size in 2024, while vehicles over 22 ft are poised for a 10.45% CAGR to 2030. 
  • By cuisine, fast food retained 48.30% of food truck market share in 2024; plant-based concepts are on track for a 15.40% CAGR through 2030. 
  • By ownership model, independent operators held 62.10% of the landscape in 2024; franchise chains recorded the fastest growth at 12.15% CAGR. 
  • By powertrain, internal-combustion units represented 87.50% of 2024 sales, yet all-electric alternatives are the quickest climbers at a 19.05% CAGR. 
  • By service model, roaming/event operations controlled 60.90% of 2024 turnover; semi-permanent pods are advancing at 8.75% CAGR to 2030. 
  • By geography, North America led with a 40.80% share in 2024, while Asia-Pacific is the fastest-growing region at a 10.50% CAGR.

Segment Analysis

By Vehicle Type: Vans Maintain Leadership Amid Electric Upswing

Vans secured 46.20% of 2024 revenue, reflecting their ideal mix of cargo space, maneuverability, and lower parking fees. This format accommodates full-size griddles, refrigeration, and ample prep counters without exceeding the length limits of many downtown curb zones. The food truck market size for vans is projected to advance as city planners continue to prioritize compact commercial vehicles in congestion pricing schemes. Internal-combustion vans remain prevalent, yet municipal clean-air incentives accelerate fleet transitions toward battery-electric variants with regenerative braking that cuts brake-pad wear by 20%. 

Trucks, projected to expand at a 19.05% CAGR through 2030, dominate suburban festivals since larger galleys support throughput exceeding 200 orders per hour. However, higher fuel consumption and restricted access to narrow streets temper their growth. Operators factoring lifetime economics favor electric vans that reduce operating expenditure by up to 65% relative to gasoline peers, based on annual mileage above 20,000. Food truck market participants report that lower maintenance downtime provides a second revenue uplift because vehicles stay on the street longer each month. Chassis manufacturers now offer modular galleys that slot into OEM cargo shells, reducing build-out lead times from 16 to 8 weeks.

Food Truck Market: Market Share by Vehicle Type
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By Length: Mid-Size Sweet Spot Encourages Functional Versatility

The 14 to 22 ft category owned 53.75% of the 2024 global turnover. At this size, crews of two to three staff can execute complex menus without surpassing single-space parking allocations. Food truck market operators praise the footprint because it balances storage with agility, letting them attend both weekday commuter hubs and weekend concerts. Shorter than 14 ft units thrive in pedestrian malls, yet limited hood-fan capacity restricts menu breadth to snacks, ice cream, or beverages. 

Growth momentum tilts toward platforms longer than 22 ft, forecast at 10.45% CAGR as premium chefs seek full restaurant-style pass-through kitchens. These large rigs often tow separate generators and integrate walk-in coolers, supporting multimenu service at sporting events that draw crowds above 50,000. Still, they encounter rising curb-use fees and require special driver licensing in several U.S. states. Future municipal zoning changes could cap vehicle length in historic districts, nudging owners to adopt retractable awnings and fold-out counters rather than longer frames.

By Cuisine/Menu: Familiar Favorites Dominate While Plant-Based Surges

Fast food still attracted 48.30% of 2024 sales, anchored by burgers, loaded fries, and tacos that turn in under three minutes. Brand equity around recognizable comfort dishes encourages repeat patronage and keeps ingredient procurement predictable. The vegan and plant-based niche, however, is the star performer with a 15.40% CAGR outlook. Younger consumers increasingly view plant proteins as ethical and sustainable, making trucks that spotlight jackfruit carnitas or seitan gyros popular beyond traditional vegetarian audiences. 

Operators catering to plant-forward diners utilize low refrigeration loads, which extend service windows when generators cycle off to minimize noise complaints. Ethnic fusion remains relevant by combining regional spices with familiar bases, such as Korean barbecue quesadillas, creating cross-cultural appeal that attracts lunch crowds in tech corridors. Dessert-oriented trucks use eye-catching visuals to encourage impulse buys, especially where high foot traffic meets favorable evening weather. Menu variety across categories emphasizes that flavor innovation, rather than just speed, drives competitive advantage as the food truck market evolves.

By Ownership Model: Entrepreneurial Roots Persist Despite Systemization

Independents commanded 62.10% of units worldwide in 2024, underscoring the sector’s entrepreneurial DNA. Operators value autonomy in sourcing, pricing, and routing, often adjusting menus daily to reflect market-day produce or local event themes. Yet franchised units demonstrate a superior unit-economics trajectory, posting 12.15% CAGR on the back of turnkey training, bulk purchasing power, and marketing scale. Food truck industry observers expect franchise share to climb but not eclipse independents before 2030, given cultural affinity for unique, community-anchored vendors. 

Corporate and institutional fleets, ranging from university dining departments to airline catering, view mobile units as brand extensions. Their focus on process standardization and regulatory compliance generates higher average capital expenditure, but resilience to localized economic shocks. Consolidation pressure may rise as franchise groups acquire successful independent brands to fill cuisine gaps, mirroring historic quick-service-restaurant roll-up strategies.

By Powertrain: Internal Combustion Still Reigns but Electrics Accelerate

Internal-combustion platforms retained 87.50% share in 2024, thanks to established refueling networks and low sticker prices. Nevertheless, the all-electric cohort, with a 19.05% CAGR, outpaces every other segmentation slice. Operators adopting battery trucks slash annual fuel and oil-change costs by up to USD 5,000 while meeting zero-emission mandates that unlock lower licensing fees in Los Angeles, London, and Paris. 

Food truck market stakeholders note that modern lithium-ion packs support onboard cooking for four to six hours without auxiliary generators, cutting noise and carbon emissions concurrently. Hybrid units form a stepping-stone for regions where charging infrastructure lags. They grant silent parking-lot operation yet preserve extended highway range for event travel. 

Food Truck Market Share by Powertrain
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By Service Model: Mobility Prevails While Pods Offer Anchor Revenue

Roaming/event service captured 60.90% of 2024 global receipts, echoing the founding ethos of food trucks: go where the crowd gathers. Daily route flexibility limits exposure to location-specific downturns and enables surge participation at festivals, sports tournaments, and night markets. Still, cities like Portland, Austin, and Brisbane have embraced semi-permanent pods or parks, fueling an 8.75% CAGR for the model. These clusters supply shared utilities, seating, and restrooms, elevating the dining experience beyond curbside stand-up eating. 

Pod operators record steadier weekday traffic, aided by lunchtime office workers and families seeking variety without table-service wait times. Some brands operate hybrid fleets, one anchor trailer at a park plus roaming trucks, to hedge demand swings. Regulatory bodies appreciate pods because infrastructure centralization simplifies sanitation oversight, although rent and common-area maintenance fees nibble at margins that roaming peers avoid.

Geography Analysis

North America contributed 40.80% of global turnover in 2024, the United States represents a majority of regional revenue, owing to city-level reforms that replaced lottery-based street-vending caps with merit-based licensing. Secondary metro areas like Charlotte, Cincinnati, and Calgary are offering commissary grants to promote culinary entrepreneurship, expanding geographical reach beyond traditional hubs like Los Angeles and New York. Canada’s multicultural urban centers continue to embrace diverse cuisine options, while its colder climate creates seasonal revenue peaks from May to September.

Asia-Pacific represents the fastest-growing arena at a 10.50% CAGR as urban population expansion meets an ingrained street-food heritage. China’s pilot “mobile snack streets” legalize previously informal vendors, pairing QR-code payment ubiquity with modern hygiene oversight. India’s Smart City Mission funds modular vending zones outfitted with shared waste, water, and electricity, elevating baseline operating standards. Indonesia, Thailand, and Vietnam display similar momentum, buoyed by tourism rebounds and middle-class dietary experimentation. Fragmented regulations remain a hurdle, yet lower labor expenses and domestic chassis manufacturing temper start-up costs.

South America mirrors Asia-Pacific’s appetite for low-cost dining with social interaction. Brazil leads adoption, aided by fintech penetration that replaced cash-only limitations with tap-to-pay convenience. Chile and Colombia are fast followers as food truck associations lobby for unified licensing codes to replace municipality-by-municipality disparities. Europe advances with Germany’s craft-focused consumer base prompting trucks to feature organic, traceable ingredients. The United Kingdom and France host regular “street food award” circuits that professionalize competitive benchmarks and draw media attention.

Market Analysis of Food Truck Market: Forecasted Growth Rate by Region
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Competitive Landscape

Competition remains highly fragmented, with the top five brands, this fragmentation allows new entrants to secure premium sites without facing entrenched incumbents, provided they master permitting and build digital followership early. Franchise aggregators deploy capital to accelerate national rollouts, often targeting malls, stadiums, and airports where captive crowds lift average daily transactions above street averages.
Strategic moves increasingly center on technology. Operators integrate route-planning software that weights real-time traffic, event calendars, and historical sales to maximize revenue per mile. In 2025, several fleet owners adopted cloud-based HACCP logs that auto-sync temperature probes to municipal dashboards, cutting inspection-related downtime. Electric-vehicle makers have begun collaborating with kitchen-equipment suppliers to offer turnkey chassis with pre-wired appliance mounts, shaving weeks off retrofit schedules.
Partnerships between property developers and trusted food truck collectives give landlords low-risk food-and-beverage activation. Brands trading under the “ghost truck” model lease windowless commissary bays, relying solely on delivery without public-facing service; this approach lowers décor costs while offering experimentation ground for recipes that could later launch on physical trucks. Overall, success pivots on marrying operational agility with brand-level storytelling that resonates across social channels and multiple service venues.

Food Truck Industry Leaders

  1. Prestige Food Trucks

  2. M&R SPECIALTY TRAILERS AND TRUCKS

  3. Cruising Kitchens

  4. VS Veicoli Speciali

  5. Food Truck Company BV

  6. *Disclaimer: Major Players sorted in no particular order
Food Truck Market
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Recent Industry Developments

  • April 2025: LSG Sky Chefs Americas committed USD 60 million to 230 advanced catering trucks featuring intelligent cameras and anti-collision systems, with fleet deployment scheduled by Q3 2025.
  • March 2025: Cousins Maine Lobster (CML) launched a second food truck for the seafood lovers in Upstate New York.
  • December 2024: Lays announced the launch of India’s first-ever “WaysToLays” food truck in India.

Table of Contents for Food Truck Industry Report

1. Introduction

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising consumption of fast-food & street-food culture
    • 4.2.2 Growing preference for low-CAPEX franchising models
    • 4.2.3 Social-media-driven location discovery & impulse buying
    • 4.2.4 Gourmet & artisanal menu differentiation
    • 4.2.5 Municipal "shared-commissary" programs accelerating permitting
    • 4.2.6 Adoption of zero-emission / electric food trucks cuts OPEX
  • 4.3 Market Restraints
    • 4.3.1 Competition from third-party online delivery platforms
    • 4.3.2 Stringent food-safety regulations & multi-agency compliance
    • 4.3.3 Shortage of certified mobile food-safety inspectors
    • 4.3.4 Inflation-driven spike in used truck chassis prices
  • 4.4 Technological Outlook
  • 4.5 Porter's Five Forces Analysis
    • 4.5.1 Bargaining Power of Suppliers
    • 4.5.2 Bargaining Power of Buyers
    • 4.5.3 Threat of New Entrants
    • 4.5.4 Threat of Substitutes
    • 4.5.5 Intensity of Competitive Rivalry

5. Market Size & Growth Forecasts (Value (USD))

  • 5.1 By Vehicle Type
    • 5.1.1 Vans
    • 5.1.2 Trailers
    • 5.1.3 Trucks
    • 5.1.4 Carts & Tuk-tuks
  • 5.2 By Length
    • 5.2.1 Up to 14 ft
    • 5.2.2 14 to 22 ft
    • 5.2.3 Above 22 ft
  • 5.3 By Cuisine/Menu
    • 5.3.1 Fast Food
    • 5.3.2 Vegan/Plant-based
    • 5.3.3 Bakery and Desserts
    • 5.3.4 Ethnic/Fusion
    • 5.3.5 Beverage-only
  • 5.4 By Ownership Model
    • 5.4.1 Independent Operators
    • 5.4.2 Franchise Chains
    • 5.4.3 Corporate / Institutional Fleets
  • 5.5 By Powertrain
    • 5.5.1 Internal-Combustion
    • 5.5.2 All-Electric
    • 5.5.3 Hybrid
  • 5.6 By Service Model
    • 5.6.1 Roaming/Event-based
    • 5.6.2 Semi-Permanent Pods and Parks
  • 5.7 By Geography
    • 5.7.1 North America
    • 5.7.1.1 United States
    • 5.7.1.2 Canada
    • 5.7.1.3 Rest of North America
    • 5.7.2 South America
    • 5.7.2.1 Brazil
    • 5.7.2.2 Argentina
    • 5.7.2.3 Rest of South America
    • 5.7.3 Europe
    • 5.7.3.1 Germany
    • 5.7.3.2 United Kingdom
    • 5.7.3.3 France
    • 5.7.3.4 Italy
    • 5.7.3.5 Spain
    • 5.7.3.6 Russia
    • 5.7.3.7 Rest of Europe
    • 5.7.4 Asia-Pacific
    • 5.7.4.1 China
    • 5.7.4.2 India
    • 5.7.4.3 Japan
    • 5.7.4.4 South Korea
    • 5.7.4.5 Australia & New Zealand
    • 5.7.4.6 Rest of Asia-Pacific
    • 5.7.5 Middle East and Africa
    • 5.7.5.1 United Arab Emirates
    • 5.7.5.2 Turkey
    • 5.7.5.3 South Africa
    • 5.7.5.4 Rest of Middle East and Africa

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (Includes Global Level Overview, Market Level Overview, Core Segments, Financials, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
    • 6.4.1 Prestige Food Trucks
    • 6.4.2 Cruising Kitchens
    • 6.4.3 VS Veicoli Speciali
    • 6.4.4 M&R Specialty Trailers & Trucks
    • 6.4.5 Food Truck Company BV
    • 6.4.6 United Food Trucks United LLC
    • 6.4.7 MSM Catering Manufacturing Inc.
    • 6.4.8 Shanghai Mobile Kitchen Solutions
    • 6.4.9 Karpatia Trucks
    • 6.4.10 Custom Concessions
    • 6.4.11 Futuristo Trailers
    • 6.4.12 Legion Food Trucks

7. Market Opportunities & Future Outlook

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Research Methodology Framework and Report Scope

Market Definitions and Key Coverage

Our study defines the food truck market as all newly built, self-propelled or trailer-mounted vehicles that store, cook, and sell food or beverages directly to consumers in public and private venues. The unit must contain on-board preparation or finishing equipment and operate under a mobile foodservice license; pre-packaged vending carts or pop-up kiosks are excluded.

Scope exclusion: refitted buses used solely as static kitchens, festival-only container stalls, and ghost-kitchen delivery vans sit outside this analysis.

Segmentation Overview

  • By Vehicle Type
    • Vans
    • Trailers
    • Trucks
    • Carts & Tuk-tuks
  • By Length
    • Up to 14 ft
    • 14 to 22 ft
    • Above 22 ft
  • By Cuisine/Menu
    • Fast Food
    • Vegan/Plant-based
    • Bakery and Desserts
    • Ethnic/Fusion
    • Beverage-only
  • By Ownership Model
    • Independent Operators
    • Franchise Chains
    • Corporate / Institutional Fleets
  • By Powertrain
    • Internal-Combustion
    • All-Electric
    • Hybrid
  • By Service Model
    • Roaming/Event-based
    • Semi-Permanent Pods and Parks
  • By Geography
    • North America
      • United States
      • Canada
      • Rest of North America
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Europe
      • Germany
      • United Kingdom
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Middle East and Africa
      • United Arab Emirates
      • Turkey
      • South Africa
      • Rest of Middle East and Africa

Detailed Research Methodology and Data Validation

Primary Research

We reinforced secondary findings through discussions with truck builders, franchisors, municipal inspectors, and operator associations across North America, Europe, and Asia Pacific. Interviews and short surveys revealed realistic average selling prices, licensing hurdles, daily ticket volumes, and menu margin structures that sharpened model assumptions.

Desk Research

Our desk work began with government motor-vehicle registries, city permit databases, and customs codes that track exports of purpose-built food service vehicles. Trade bodies such as the National Food Truck Association, the European Mobile Catering Federation, and the Asia Street Food Council supplied counts of active trucks, annual closures, and regulatory updates. Analysts added insight from open financial filings, event attendance records, and tier-one media coverage to size demand drivers like urban festival growth and consumer spend on away-from-home meals. Subscription intelligence from D&B Hoovers for manufacturer revenues and Dow Jones Factiva for deal flow allowed us to benchmark producer capacity and investment trends. Patent traces from Questel confirmed technology adoption in electric drivetrains and compact kitchen layouts. This list is illustrative; many additional public and paid sources were mined to validate and clarify data points.

Market-Sizing & Forecasting

Mordor analysts built a top-down model beginning with registered food-service vehicles, adjusted for active-duty ratios, average annual sales per truck, and cuisine-specific ticket sizes, which are then cross-checked through bottom-up snapshots of manufacturer shipments and sampled ASP × volume data. Key variables like new license issuances, urban foot-traffic indices, ingredient cost inflation, festival calendar expansion, and adoption of electric powertrains feed a multivariate regression and ARIMA hybrid to forecast revenue through 2030. Gap areas in supplier roll-ups were bridged using operator density proxies and normalized revenue-per-square-foot benchmarks.

Data Validation & Update Cycle

Outputs pass variance checks against independent indicators such as point-of-sale turnover surveys and insurance policy counts. Senior reviewers flag anomalies before sign-off. The model refreshes annually, with mid-cycle updates when material regulations or macro shocks surface, ensuring clients receive our latest view.

Why Mordor's Food Truck Baseline Inspires Confidence

Published estimates often diverge because firms choose different truck definitions, pricing ladders, and refresh schedules. We address those pitfalls up front by aligning scope with licensing statutes and by updating figures every twelve months.

Key gap drivers include whether refurbished step-vans are counted, how aggressively menu price inflation is rolled forward, and if partial-year operator shutdowns are discounted. Our disciplined variable set and rapid refresh cadence reduce these distortions for decision-makers.

Benchmark comparison

Market Size Anonymized source Primary gap driver
USD 4.42 B (2025) Mordor Intelligence -
USD 5.42 B (2024) Global Consultancy A Includes semi-permanent food pods and uses list prices without operator downtime adjustment
USD 4.40 B (2023) Industry Association B Excludes electric trailers and applies static currency rates
USD 4.52 B (2024) Regional Consultancy C Relies on voluntary operator surveys with limited Asia Pacific coverage

The comparison shows that while totals vary, Mordor's numbers sit within the observed band yet rest on transparent variables, cross-checks, and timely updates that together deliver a balanced, defensible baseline.

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Key Questions Answered in the Report

What is the current size of the food truck market?

The food truck market is valued at USD 4.42 billion in 2025 and is anticipated to hit USD 6.06 billion by 2030 at a 6.52% CAGR.

Which region grows fastest in the food truck market?

Asia-Pacific records the highest regional CAGR at 10.50% through 2030, propelled by urbanization and supportive small-business policies.

What vehicle type leads market share?

Vans hold the largest segment with 46.20% of 2024 revenue due to maneuverability and favorable parking regulations.

How quickly are electric food trucks scaling?

All-electric units post a 19.05% CAGR, the fastest of any segment, as cities adopt zero-emission mandates and operators seek operating-cost savings.

Why are franchise food trucks gaining interest?

Franchise models lower capital risk, supply standardized compliance resources, and provide brand-driven marketing that accelerates break-even timelines.

What key restraint could limit future growth?

Rising commissions and visibility algorithms on third-party delivery platforms reduce price competitiveness, potentially diverting customers toward delivery-only alternatives.

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