Truck Driving Schools in the US Industry Market Research Report Now Available from IBISWorld

The Truck Driving Schools industry has long suffered from a negative perception of the occupation; this trend shows no sign of reversing, as shown in continued declines in revenue. For these reasons, industry research firm IBISWorld has added a report on the Truck Driving Schools industry to its growing industry report collection.

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The industry will continue suffering as perceptions about truck driving remain negative

Los Angeles, CA (PRWEB) April 06, 2013

In the United States, truck transportation is the most common method for shipping freight. Despite the ubiquity of big rigs on the nation's highways and byways, a well-publicized and widely discussed shortage of drivers looms large over the industry, with a deficit of more than 100,000 drivers anticipated as early as 2014. This impending forecast is unlikely to reverse the Truck Driving School's ongoing decline, however, due to the changing nature of the US economy and perceptions about truck driving as a profession.

As the US economy continues to shift from one reliant on manufacturing to one driven by data, high schools are placing greater emphasis on college preparation. “In turn, young people are opting for more white-collar jobs, and the result has been detrimental for truck driving schools for the past decade,” says IBISWorld industry analyst Josh McBee. Also, industry insiders cite the unconventional nature of truck driving (namely long periods away from home and family combined with extended periods of sitting in a confined space) as responsible for creating a negative perception about the profession among many young, health-conscious high school graduates. Further, many trucking companies prefer their drivers to own their own trucks, a significant investment that prohibits some from pursuing the career. Last, a new law places tougher standards on driving records, so barriers to entering the truck driving field have increased. While the driver shortfall is good for existing truckers, it is bad for schools that seek to train them. IBISWorld expects the industry's revenue to fall at an annualized rate of 1.9% during the five years to 2013. In 2013 alone, a 1.9% dip is expected to bring the industry's total revenue to an estimated $456.0 million. The demand for drivers and, in turn, schools to train them hinges largely on the overall demand for the freight trucking industries. While this sector is projected to reverse its previous state of decline during the five years through 2018, demand for truck driving schools will likely remain subdued for the reasons cited previously. As such, IBISWorld forecasts industry revenue to continue declining through 2018.

This Truck Driving Schools industry exhibits a low degree of market share concentration. IBISWorld estimates only Roadmaster is capable of garnering a noteworthy market share, due largely to their 12 locations across the country. Beyond Roadmaster, the industry is comprised of many small driving schools operating on a local or regional basis. Based on data from the 2007 US Census Bureau's County Business Patterns report (latest available), driving schools with fewer than 10 employees are estimated to account for over half of all establishments. This figure helps illustrate the difficulty individual companies have in expanding their operations to increase market share. According to McBee, with only a few employees, the ability of staff to handle high volumes of students (and increase market share through increased tuition collection) is limited. Census data also reveals that only three companies were making $10.0 million or more in 2007 (latest available), which would give any of them a market share of less than 2.0% at the least. Further, this type of instruction is usually handled on a one-on-one basis. With the ongoing decline in truck driving as a profession, establishments keep their costs low by hiring only necessary staff. For more information, visit IBISWorld’s Truck Driving Schools in the US industry report page.

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IBISWorld industry Report Key Topics

Companies in this industry primarily offer truck driving instruction. The industry excludes businesses that primarily provide automobile driving instruction, and community colleges that offer truck driving instruction are also excluded.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.


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  • Gavin Smith
    IBISWorld
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