Driving Schools in the US - Industry Market Research Report
Description
Driving Schools in the US
Driving schools enjoyed steady but tempered growth over the next five years, largely driven by a rise in motor vehicle registrations and growing disposable income that enabled prospective drivers to enroll in driver's education. Driving schools faced a slight dip in revenue through the COVID-19 pandemic as demand for cars fell and parents were more able to teach their children to drive, but rebounding demand made up for losses the following year. The industry is also facing slowing birth rates, which have cut the number of eligible students looking to get their licenses. Industry-wide revenue has been growing at a CAGR of 0.7% over the past five years and is expected to total $1.3 billion in 2023, when revenue will jump by an estimated 1.8%.
This industry offers automobile driving instruction. Firms that primarily offer bus and truck driving are excluded from this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Driving schools enjoyed steady but tempered growth over the next five years, largely driven by a rise in motor vehicle registrations and growing disposable income that enabled prospective drivers to enroll in driver's education. Driving schools faced a slight dip in revenue through the COVID-19 pandemic as demand for cars fell and parents were more able to teach their children to drive, but rebounding demand made up for losses the following year. The industry is also facing slowing birth rates, which have cut the number of eligible students looking to get their licenses. Industry-wide revenue has been growing at a CAGR of 0.7% over the past five years and is expected to total $1.3 billion in 2023, when revenue will jump by an estimated 1.8%.
This industry offers automobile driving instruction. Firms that primarily offer bus and truck driving are excluded from this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
42 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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