PUBLISHER: The Business Research Company | PRODUCT CODE: 1605564
PUBLISHER: The Business Research Company | PRODUCT CODE: 1605564
A driving school is an organization that provides instruction and training for individuals interested in learning to drive. It generally offers both classroom education and practical, behind-the-wheel training to teach the rules of the road, vehicle operation, and safe driving practices.
The main types of driving schools include those focused on cars, motorcycles, trucks, buses, and specialty vehicles. Car driving schools specifically provide practical and theoretical training for individuals learning to drive, which includes behind-the-wheel instruction as well as classroom sessions covering road safety and traffic regulations. These schools serve a diverse range of customers, including young adults (ages 16-24), middle-aged adults (ages 25-64), and seniors (ages 65 and older), and they operate in various settings such as urban, suburban, rural, and remote areas.
The driving school market research report is one of a series of new reports from The Business Research Company that provides driving school market statistics, including driving school industry global market size, regional shares, competitors with a driving school market share, detailed driving school market segments, market trends and opportunities, and any further data you may need to thrive in the driving school industry. This driving school market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The driving school market size has grown steadily in recent years. It will grow from $94.32 billion in 2023 to $98.71 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth during the historic period can be attributed to factors such as decreased fuel consumption, a heightened need for effective management tools, an increase in safe driving practices, and a rise in the number of vehicles on the road.
The driving school market size is expected to see strong growth in the next few years. It will grow to $119.98 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The anticipated growth in the forecast period can be attributed to factors such as a rise in road accidents, the adoption of eco-friendly and alternative transportation methods, an increasing population of young drivers, and a growing demand for driving education and licenses. Key trends expected during this period include technological innovations, a digital shift in education, the expansion of online learning, the integration of virtual reality, and the implementation of eco-driving techniques.
The growing population of young drivers is anticipated to drive the expansion of the driving school market in the coming years. Young drivers typically refer to individuals aged 16 to 25 who are newly licensed or possess limited driving experience. The number of young drivers is increasing as more individuals reach the legal driving age and seek greater mobility, spurred by economic growth that allows them to afford driving lessons and vehicles. Driving schools support young drivers by providing comprehensive training in road safety, driving skills, and traffic regulations, helping them build the confidence and knowledge necessary for safe driving and obtaining their licenses. For instance, the National Safety Council (NSC), a U.S.-based nonprofit organization focused on eliminating preventable deaths and injuries, reported that the number of young drivers aged 15 to 20 in the U.S. rose from 2,133 in 2021 to 2,334 in 2022. Consequently, the increasing number of young drivers is propelling the growth of the driving school market.
Key companies in the driving school market are concentrating on developing innovative solutions, such as online platforms for driving education, to improve accessibility and convenience for learners while enhancing overall instructional quality through digital tools. Online platforms for driving education consist of digital services and websites that provide courses, instructional materials, and practice tests to assist individuals in learning driving theory, road safety rules, and driving skills. For example, in June 2022, Kruzee, a Canada-based online driving school, launched Canada's first online driver's education platform aimed at transforming the driving school experience. This comprehensive platform allows students to easily schedule lessons with vetted instructors, complete theory courses at their own pace, and utilize a ministry-approved curriculum, all while emphasizing safety and transparency. By leveraging technology, Kruzee seeks to address the inefficiencies and outdated practices commonly found in traditional driving schools, delivering a more engaging, accessible, and convenient learning experience for aspiring drivers across Canada.
In October 2022, Top Driver, a U.S.-based provider of driver education services, acquired Drive Home Safe Driving School for an undisclosed amount. This acquisition aims to expand Top Driver's presence in the far western suburbs of Chicago, enhance service offerings while maintaining educational quality, and ensure continuity by keeping existing instructors under the Top Driver brand. Drive Home Safe Driving School is known for its high-quality in-car and online driver training programs.
Major companies operating in the driving school market are AA Driving School, Young Drivers of Canada, Red Driving School, Bill Plant Driving School, Pass N Go Driving School, LTrent Driving School, Safeway Driving School, 911 Driving School, A to Z Driving School, ACE Driving School, Advance Driving Academy, All Seasons Driving School, Behind the Wheel Driving School, Champion Driving School, Drive Dynamics, Drive Johnson's Driving School, Elite Driving School, EZ Learning Driving School, First Choice Driving School, Metro Driving Academy, One 2 One Driving School, Pass Plus Driving School, RyO's Driving School, Streetwise Driving School, Topgear Driving School
North America was the largest region in the driving school market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the driving school market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the driving school market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The driving school market includes revenues earned by entities by providing services such as, basic driver education, defensive driving courses, online driving classes, commercial vehicle training, and driver's license testing preparation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Driving School Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on driving school market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for driving school ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The driving school market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.