The driving vacation market size has grown significantly in recent years, with expectations to expand from $138.26 billion in 2023 to $159.93 billion in 2024 at a compound annual growth rate (CAGR) of 15.7%. The historical growth is attributed to increased car ownership, expanded road networks, rising disposable incomes, the growth of leisure travel, the popularity of road trip culture, and improved economic stability. The market for driving vacations is forecasted to see substantial growth, anticipated to reach $287.78 billion in 2028 at a CAGR of 15.8%. This projected growth is driven by advances in electric vehicle technology, the expansion of autonomous driving capabilities, heightened environmental consciousness, increased remote work opportunities, and a growing focus on personalized travel experiences. Key trends during the forecast period include a rising interest in sustainable travel, the adoption of road trip applications, growing enthusiasm for unique and personalized experiences, demand for flexible trip planning, and an increase in wellness activities.
Global Driving Vacation Market Key Driver
The increasing number of travelers is expected to drive the driving vacation market. Travelers benefit from improved access to travel services, growing disposable incomes, and the convenience of online booking, making driving vacations an appealing option. These vacations allow flexibility, scenic exploration, and immersion in local cultures, often at lower costs compared to other travel options. According to the International Trade Administration, international visitors to the United States are projected to rise to 77.7 million in 2024, a 15.4% increase from 67.3 million in 2023, further boosting the driving vacation market.
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Global Driving Vacation Market Segments
The driving vacation market covered in this report is segmented –
1) By Tour Type: Customized Road Tour, Fixed Departure Tour
2) By Traveler Type: Solo, Group, Other Traveler Types
3) By Mode Of Booking: Online Travel Agency, Direct Travel Agents
By Geography:The regions covered in the driving vacation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the driving vacation market in 2023.
Major Driving Vacation Industry Players
American Express, Enterprise Holdings Inc., Avis Rent A Car System LLC, Hertz Global Holdings Inc., Sixt SE, Alamo Group, Tripadvisor LLC, Audley Travel, Kayak Inc., Road Bear RV, SOTC Travel Limited, TourRadar, Roadtrippers LLC, WEXAS TRAVEL, Jucy Group Ltd, Scott Dunn Ltd., Adventures Overland, Auto Europe, Travelscape LLC, Wild Frontiers Adventure Travel, Triumph Expeditions Pvt Limited
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Driving Vacation Market Overview
A driving vacation is a type of trip in which the primary mode of travel is by car, caravan, or bus. It involves planning a route that may include multiple stops, exploring different destinations along the way, and enjoying the flexibility of traveling at a certain pace.
Driving Vacation Global Market Report 2023 provides data on the global driving vacation market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The driving vacation market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
