Driving Schools in the US - Industry Market Research Report

Safety first: Rising disposable income has boosted industry demand and encouraged new entrants

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.