Press release
Surge in Traveler Numbers To Drive the Driving Vacation Market: A Key Factor Shaping the Future of the Driving Vacation Market in 2025
Driving Vacation
The increase in the number of travelers is expected to propel the growth of the driving vacation market. With more travelers having access to travel services and more disposable income, driving vacations offer an affordable way to explore destinations and experience local cultures. For example, in 2024, international visitors to the US are expected to rise to 77.7 million, a 15.4% increase from the previous year. As more people travel, the driving vacation market will grow.
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How will the growth rate of the driving vacation market shape industry trends by 2034?
The driving vacation market has grown rapidly in recent years, with projections indicating growth from $159.93 billion in 2024 to $185.65 billion in 2025, at a CAGR of 16.1%. Factors behind this include increasing car ownership, expanding road networks, rising disposable incomes, the growth of leisure travel, the popularity of road trip culture, and rising economic stability.
The driving vacation market is forecast to grow to $332.63 billion by 2029 at a CAGR of 15.7%. Key factors for growth include advancements in electric vehicle technology, the expansion of autonomous driving capabilities, greater environmental awareness, the rise of remote work, and personalized travel experiences. Trends include sustainable travel, the use of road trip apps, personalized experiences, flexible trip planning, and wellness-focused travel.
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What trends are poised to drive the future success of the driving vacation market?
Companies in the driving vacation market are offering group trip vehicle rental services to improve travel convenience. These services provide spacious vehicles like minibusses and tempo travelers, ideal for accommodating large groups. For example, in June 2024, Savaari Car Rentals, an India-based rental service, launched Tempo Traveler and Minibus Rental Services. These vehicles, with seating for 12 or 16 passengers, offer luxurious amenities and cater to various group travel needs, including family trips, road excursions, picnics, pilgrimages, and corporate events.
Which primary segments of the driving vacation market are driving growth and industry transformations?
The driving vacation market covered in this report is segmented -
1) By Tour Type: Customized Road Tour, Fixed Departure Tour
2) By Traveler Type: Solo, Group, Other Traveler Types
3) By Mode Of Booking: Online Travel Agency, Direct Travel Agents
Subsegments:
1) By Customized Road Tour: Self-Drive Customized Tours, Guided Customized Road Trips, Luxury Road Trips, Themed Road Trips, Family Road Trips
2) By Fixed Departure Tour: Group Road Trips, Scheduled Road Tours, Pre-planned Itinerary Tours, Luxury Fixed Departure Tours, Adventure Fixed Departure Tours
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Which geographical regions are pioneering growth in the driving vacation market?
North America was the largest region in the driving vacation market in 2023. The regions covered in the driving vacation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the driving vacation market landscape?
Major companies operating in the driving vacation market are American Express, Enterprise Holdings Inc., Avis Rent A Car System LLC, Hertz Global Holdings Inc., Sixt SE, Alamo Group, Tripadvisor LLC, Audley Travel, Kayak Inc., Road Bear RV, SOTC Travel Limited, TourRadar, Roadtrippers LLC, WEXAS TRAVEL, Jucy Group Ltd, Scott Dunn Ltd., Adventures Overland, Auto Europe, Travelscape LLC, Wild Frontiers Adventure Travel, Triumph Expeditions Pvt Limited
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What Is Covered In The Driving Vacation Global Market Report?
•Market Size Forecast: Examine the driving vacation market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the driving vacation market for a structured understanding.
•Key Players Overview: Analyze major players in the driving vacation market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the driving vacation market.
•Segment Contributions: Evaluate how different segments drive overall growth in the driving vacation market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the driving vacation market.
•Industry Challenges: Identify potential risks and obstacles affecting the driving vacation market.
•Competitive Landscape: Review strategic developments in the driving vacation market, including expansions, agreements, and new product launches.
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