The driving school market has shown steady growth, rising from $94.32 billion in 2023 to $98.71 billion in 2024 at a CAGR of 4.7%. This increase can be attributed to reduced fuel consumption, demand for effective management tools, an emphasis on safe driving practices, and a rise in vehicle numbers.
The driving school market is projected to grow rapidly, reaching $119.98 billion by 2028 at a CAGR of 5.0%. The growth is driven by rising road accidents, the adoption of eco-friendly transportation modes, a growing young driver population, and increasing demand for driving education and licenses. Trends include technological innovations, digital education transitions, online learning, virtual reality integration, and eco-driving techniques.
Major Driver In The Driving School Market
The increasing population of young drivers is expected to propel the growth of the driving school market. Young drivers, typically between the ages of 16 and 25, are newly licensed or have limited driving experience. This demographic is rising as more young people reach legal driving age, fueled by economic growth that enables them to afford driving lessons and vehicles. Driving schools cater to young drivers by offering comprehensive training in road safety, driving skills, and traffic laws, helping them gain the confidence and knowledge needed for safe driving and license acquisition. According to the National Safety Council (NSC), the number of young drivers (aged 15 to 20) in the US increased from 2,133 in 2021 to 2,334 in 2022. Thus, the growing population of young drivers is driving the growth of the driving school market.
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Driving School Market Competitive Landscape
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
Key Driving School Market Trend
Major companies in the driving school market are innovating with online platforms for driving education to improve accessibility and enhance instructional quality. These platforms offer courses, materials, and practice tests to help learners master driving theory and road safety rules. In June 2022, Kruzee launched Canada’s first online driver's education platform, making it easier for students to book lessons, complete courses at their own pace, and follow a ministry-approved curriculum.
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Global Driving School Market Segmentation
The driving school market covered in this report is segmented –
1) By Type: Car, Motorcycle, Truck, Bus, Specialty Vehicle Driving
2) By Customer Profile: Young Customers (Aged 16-24), Older Customers (Aged 25-64), Senior Customers (Aged 65 And Above)
3) By Region: Urban, Suburban, Rural, Remote Areas
By Geography:The regions covered in the driving school market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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 Driving School Global Market Report 2024 furnishes information about the global driving school market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
