GITNUX MARKETDATA REPORT 2024

Food Truck Success Rate Statistics

The overall success rate of food trucks is estimated to be around 80%, with higher success rates reported in urban areas and for those with innovative concepts and strong branding.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore the fascinating world of food trucks through a statistical lens. With over 23,500 successful food trucks in the United States and a steady growth rate of 7.9% yearly, the food truck industry presents a compelling landscape for entrepreneurs and consumers alike. From the bustling streets of Los Angeles, boasting 391 successful food truck businesses, to the average annual revenue of over $200,000 per truck, join us as we delve into the numbers behind this dynamic and ever-evolving sector.

Statistic 1

"There are over 23,500 successful food trucks in the United States."

Statistic 2

"The Food Truck industry growth rate was 7.9% yearly from 2011-2016."

Statistic 3

"Los Angeles is the city with the most food trucks at 391 successful businesses."

Statistic 4

"The average food truck generates over $200,000 annually."

Statistic 5

"Over a five-year span, the number of food trucks in major cities doubled."

Statistic 6

"As of 2021, the Chicago food truck industry has seen a success rate of 109%(growth over previous years)."

Statistic 7

"85% of consumers believe that food trucks can offer a unique dining experience."

Statistic 8

"47% of Americans view food trucks as a critical part of the urban dining experience."

Statistic 9

"The average start-up cost for a food truck business is between $70,000 and $80,000."

Statistic 10

"3% of food truck owners earned over $500,000 in revenue in 2017."

Statistic 11

"56% of food truck owners are 35-49 years old."

Statistic 12

"Female-owned and operated food trucks constitute 31% of the industry."

Statistic 13

"The food truck industry currently contains 1.2% of the total fast food market revenue."

Statistic 14

"Weekly working hours for food truck employees average about 50-60 hours."

Statistic 15

"An estimated 30% of food trucks outsource their culinary tasks."

The statistics presented paint a picture of a thriving and dynamic food truck industry in the United States. With over 23,500 successful food trucks generating on average over $200,000 annually, it is clear that this sector is experiencing significant growth and success. Cities like Los Angeles and Chicago are leading the way in this trend, with high success rates and growing numbers of food truck businesses. Consumer perception is positive, with a majority viewing food trucks as an integral part of urban dining and offering a unique experience. Despite the industry’s success, challenges such as high start-up costs and long working hours for employees are also evident. Overall, the data suggest that food trucks have carved out a significant niche in the fast food market and continue to be a popular choice for both consumers and entrepreneurs.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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