Industry Analysis & Industry Trends
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. While trucking is fairly lucrative, young people opt for jobs that may provide higher income without the long hours and extended time on the road.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
IBISWorld analysis reveals this industry is declining. During the 10 years to 2020, industry value added (IVA), which measures the industry's contribution to the US economy, is projected to decrease along with revenue, averaging a 5.4% decline per year. In comparison, US GDP is forecast to rise at an average rate of 2.5% annually during the same period. The discrepancy between IVA and GDP usually indicates an industry in the midst of decline, and other factors support this conclusion.
The number of truck driving schools operating in the United States has been declining steadily for the past decade. IBISWorld estimates an annualized 2.6% drop in the number of industry companies during the 10 years to 2020... purchase to read more