According to the research report titled ‘Global Food Trucks Market Size study, By Type (Expandable, Boxes, Customized Trucks, Buses & Vans, Others), By Food (Fast Food, Vegan & Meat Plant, Barbecue and Snacks, Dessert & Confectionery, Bakery, Others), By Size (Small, Medium, Large), and Regional Forecasts 2021-2027’, available with the MarketStudyReport, global food trucks market was valued at USD 3.93 billion in 2020 and is expected to record 6.8% CAGR during the study period, subsequently accounting for USD 6.2 billion by the year 2027. 
 

The growing expenditure on foodservices and rising awareness regarding the quality of the food are the major driving factors for the global food trucks market growth over the forecast period. For the record, food trucks are mobile kitchens that cook, prepare, and sell food products such as fast-food, vegan, and meat plants among others.
 

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In addition, increasing number of food festivals and social events are also contributing towards the market growth. Food trucks, on the other contrary, are not quote suitable for a large consumer base, which in turn could impede the market growth over the forecast period.
 

By type, the worldwide food trucks industry is divided into buses & vans, customized trucks, boxes, expandable, and others. In terms of food, the market splits into the bakery, desert & confectionery, barbecue and snacks, fast food, vegan & meat plants and others.
 

The industry, by size, is divided into large, medium, and small segments.
 

Geographically, the worldwide food trucks industry is categorized into Europe, North America, Asia-Pacific, Latin America, and the rest of the world with key emphasis Germany, France, Italy, Spain, the U.K, the U.S, Canada, India, China, Japan, Australia, South Korea, Brazil, and Mexico among others.
 

The report claims that Europe food trucks industry is expected to register substantial growth during the projection period because of the rising number of food festivals and social food events. Meanwhile, Asia-Pacific market is expected to grow significantly during the projection period, primarily due to expanding demand for street foods and increasing disposable income.
 

Key players analyzed in global food trucks market report are Bostonian Body Inc., Food Truck Company BV., The Fud Trailer Houston Tx, MSM Catering Trucks Mfg. Inc., Futuristo Trailers., MRA, VS Veicoli Speciali, M&R Specialty Trailers and Trucks Inc., United Food Truck LLC, and Prestige Food Trucks.