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2024 U.S. Industry Statistics & Market Forecast - Automobile Driving Schools


Market Size & Industry Statistics

The total U.S. industry market size for Automobile Driving Schools: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Automobile Driving Schools industry is constantly evolving and adapting to changing technology, regulations, and consumer demands. Here are some key trends affecting the industry:

1. Online learning - With the rise of e-learning, many driving schools now offer online courses and tutorials to complement traditional in-car instruction. This allows students to learn at their own pace and from anywhere.

2. Autonomous vehicles - As self-driving cars become more common, driving schools will need to adapt their curriculum to teach skills that will be useful in operating these vehicles.

3. Electric and hybrid cars - With the increasing popularity of electric and hybrid vehicles, driving schools may need to invest in specialized training and equipment to teach students how to drive these cars.

4. Safety technology - Many new cars come equipped with advanced safety features such as collision warning systems and automatic emergency braking. Driving schools need to stay up-to-date on these technologies and teach students how to use them.

5. Changing regulations - Government regulations and requirements for driving schools can vary greatly by region. Staying informed about these changes is crucial for driving schools to maintain compliance and operate legally.

Overall, driving schools must stay current with industry trends and developments in order to provide the best education and training for their students.



Product & Services Breakdown

Research products and services in the Automobile Driving Schools industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Occupational, Technical, And Trade; Professional Development; And Management Training Programs And Courses

Training Programs - Other Occupational, Technical And Trade; Professional Development; And Management Training Programs And Cour

Leisure And Recreation Activities Instruction And Training

Driver Education Training



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Automobile Driving Schools company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Automobile Driving Schools industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Automobile Driving Schools measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 7%

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Chief Executives0%
General and Operations Managers4%
Educational Instruction and Library Occupations 53%
Other Teachers and Instructors 46%
Self-Enrichment Teachers 29%
Self-Enrichment Teachers 29%
Tutors 14%
Tutors 14%
Arts, Design, Entertainment, Sports, and Media Occupations 13%
Entertainers and Performers, Sports and Related Workers 12%
Athletes, Coaches, Umpires, and Related Workers 11%
Coaches and Scouts 11%
Personal Care and Service Occupations 8%
Other Personal Care and Service Workers 7%
Recreation and Fitness Workers 6%
Office and Administrative Support Occupations 10%
Source: Bureau of Labor Statistics


Automobile Driving Schools Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Automobile Driving Schools industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Automobile Driving Schools industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Automobile Driving Schools industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Automobile Driving Schools

  • Feb 21, 2024: COASTAL COLLEGE, INC. (New Orleans, LA) awarded $5,700
  • Feb 09, 2024: O'GARA TRAINING AND SERVICES, LLC. (Montross, VA) awarded $55,958
  • Jan 24, 2024: BRANT'S DRIVING SCHOOL (Johnstown, PA) awarded $58,254
  • Jan 23, 2024: LYTX, INC. (San Diego, CA) awarded $3,853,052
  • Jan 10, 2024: DRIVING TO INDEPENDENCE, LLC. (Tempe, AZ) awarded $60,474
  • Jan 09, 2024: DRIVABLE SOLUTIONS, INC. (Phoenix, AZ) awarded $1,994,305




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