Safety first: Rising disposable income has boosted industry demand and encouraged new entrants
Driving Schools Demand for the Driving Schools industry is largely determined by disposable income levels because driving instruction can carry a high price tag; therefore, many consumers may opt to forgo driving school if they feel they cannot afford it. However, per capita disposable income has increased over the past five years. Meanwhile, total vehicle miles driven per year have grown as people have become more willing to drive further distances and the number of registered vehicles has increased. This trend shows that more people have been interested in driving, sparking demand for driver’s education. This demand growth has attracted more companies to the industry, given its low barriers to entry. The cost of starting a driving school only includes the cost of registering with the local Department of Motor Vehicles or Department of Public Safety, and the cost of a vehicle for teaching with. Moving forward, the industry is expected to continue growing, albeit at a slower pace. Disposable income levels are likely to continue growing; however, environmental concerns are likely to push more people away from cars and toward public transportation.
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.
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