The market scale is expanding

With the improvement of residents' income and living standards, the number of vehicles in China has increased greatly. By the end of 2118, the number of motor vehicles in China had reached 327 million. With the rapid increase in the number of vehicles, the number of required vehicle drivers has also increased rapidly, which has stimulated the release of the demand for driving training services.

In China, all motor vehicle drivers' licenses need to pass a driving test. Although the direct self-study test has been released, its proportion is very small, and obtaining a driving license through a driving training school is still the first choice for most consumers. In recent years, driven by market demand, the national driving training schools have continued to grow.

According to the statistics of the Ministry of Transport, the compound annual growth rate of the number of driving training schools in China reached 9.4% from 2113 to 2117. By 2117, the total number of driving training schools in China had reached 17,759, an increase of 1,434 over the previous year. In 2118, the total number of driving training schools is expected to reach 19283.

The huge number of driving training schools has promoted the growing market scale of China's driving training service industry. According to the statistical data of Jost Sullivan, from 2113 to 2117, the compound annual growth rate of the driving training service market in China was as high as 13.7%; In 2117, the market scale of driving training service was about 188.2 billion yuan, and it is expected to exceed 211 billion yuan in 2118.

Broad prospects for future development

In the long run, China's driving training service industry has broad prospects for future development, and its market driving force mainly includes four aspects: First, the driver's license is gradually becoming just needed. In the past, the function of a driver's license was very simple, that is, driving a motor vehicle. But now, with the rapid increase of car ownership, the rise of online car-sharing and car-sharing has made car-free people eager to try. In addition, driving a car has gradually become a life skill, even when looking for a job, it will become an advantage. Therefore, driver's license qualification has become a necessity in the contemporary era.

Second, the penetration rate of domestic driver's license is still low. Although the penetration rate of driver's license in China has maintained rapid growth in recent years, compared with developed countries abroad, the penetration rate of driver's license in China is still not high. Take the United States as an example, its driver's license penetration rate reaches 68%, while China's current rate is only about 24%, and there is still a lot of room for growth.

Third, the driving test is getting more and more difficult. In recent years, the driving test rules and syllabus have been constantly revised, which makes the test more and more difficult. The test pays more attention to the combination of theory and actual situation, emphasizes safe driving and civilized driving, and uses modern information means such as electronic technology to continuously promote the standardized development of the industry. The driving test is becoming more and more difficult, and people without a driver's license will take the test as soon as possible.

the fourth is the incremental market for driving and training derivative services. Taking the driving school as the entrance of people flow, we will develop horizontally from the driving and training service business chain, and realize the integration of main and supporting services such as physical examination, car rental, telephone customer service, appointment examination, agency certification, annual inspection of licenses, shuttle bus, canteen catering, shops and supermarkets; From the vertical development of business diversification, we will realize the integration of comprehensive automobile consumption services such as automobile driving and training services, automobile maintenance, automobile consumption finance and automobile beauty.

—— For the above data and analysis sources, refer to the Analysis Report on Market Foresight and Investment Strategic Planning of Motor Vehicle Driving Training Industry in China issued by Foresight Industry Research Institute.