Whether you’re new to the food truck industry, have been an owner for years, or want to join in the future, you’re likely wondering the forecast of this beloved industry.
Unfortunately, we can’t tell you if the industry is growing or not, especially since it’s likely growing in some areas and not in others.
What we can do is look at the numbers and allow you to make an educated decision based off of them.
According to Statista, “In 2015, the value of the U.S. food truck industry increased to 856.7 million U.S. dollars. The industry was forecasted to increase by another 140 million U.S. dollars by 2020.”
If you base the growth of the food truck industry off of those numbers, then, well, it’s pretty clear that this industry is thriving.
Are you currently doing any kind of email marketing or social media marketing? If so, then you should also be doing Facebook Messenger Marketing! Click here to find out more.
Let’s turn to IBISWorld to see more figures…
IBISWorld states that the food truck industry’s total revenue in 2019 is up at $1 billion.
The number of businesses is also up at 23,872.
What about the annual growth from 2014 to 2019? Also up… to the tune of 6.8 percent.
And, finally, the industry employment is, you guessed it, up as well with 28,916 employees in the industry.
IBISWorld also states that…
“The Food Trucks industry has expanded over the five years to 2019 and is one of the best-performing segments in the broader food service sector. The industry’s remarkable rise is largely attributable to changing consumer preferences in favor of unique, gourmet cuisine at less expensive prices.”
Looking to take your food truck business to the next level? If so, then The Food Truck Growth Kit has your name written all over it!
While statistics can be misleading at times, not to mention some areas of the country might be thriving while others are seeing a decline, the figures above should be music to the ears of food truck owners.
Image by biggifraley from Pixabay
Want to learn how to build a subscriber list for your food truck business? One of our managing partners here at FoodTruckr has put together an AMAZING FREE GUIDE that will teach you everything you need to know about getting started with Messenger Marketing! Click here to get your free guide.
To dig your teeth into what FoodTruckr has to offer, make sure to like us on Facebook and follow us on Twitter, and also make sure to check out more content that we bring to the table.
This post was last modified on %s = human-readable time difference
The eagerly awaited Food Truck Owners Expo makes its way to Orlando, FL from November 12 to 13, 2024 at…
Hello San Diego! If you're looking to add a dash of SD's beachy and fun street food scene to your…
Hello New York City! If you're looking to add a dash of NYC's vibrant street food scene to your next…
Hello Los Angeles! If you're looking to add a dash of LA's vibrant street food scene to your next corporate…
Hello Austin! If you're looking to add a dash of Austin's vibrant street food scene to your next corporate event…
Hello Orange County! If you're looking to add a dash of OC's bespoke street food scene to your next corporate…