Leading Food Trucks Type Markets Databank
The Food Trucks market was valued at $3,930.0 Million in 2020, and is projected to reach $7,727.5 Million by 2029 growing at a CAGR of 7.85% from 2021 to 2029. Buses & Vans segment is expected to be the highest contributor to this market, with $1,459.0 Million in 2020, and is anticipated to reach $2,878.2 Million by 2029, registering a CAGR of 7.89%. Boxes segment is anticipated to reach $1,612.0 Million by 2029 with the highest CAGR of 7.92%. Buses & Vans and Boxes segments collectively expected to account for about 57.9% share of the Food Trucks market in 2020, with the former constituting around 37.1% share. Boxes and Buses & Vans segments are expected to witness significant growth rates at a CAGR of 7.92% and 7.89% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 57.9% in the overall Food Trucks market in 2020, and is anticipated to reach 58.1% by 2029.
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