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Global Driving Vacation Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Driving Vacation
What Is the Driving Vacation Market Size and Projected Growth Rate?
The driving vacation market size has grown rapidly in recent years. It is expected to rise from $159.93 billion in 2024 to $185.65 billion in 2025, with a compound annual growth rate (CAGR) of 16.1%. This increase is driven by rising car ownership, expanded road networks, higher disposable incomes, a surge in leisure travel, the popularity of road trips, and improved economic stability.
The driving vacation market is expected to grow to $332.63 billion by 2029, with a CAGR of 15.7%. Growth is attributed to advances in electric vehicle technology, the expansion of autonomous driving, increasing environmental consciousness, remote work, and personalized travel experiences. Key trends include sustainable travel, road trip apps, unique experiences, flexible travel planning, and wellness activities.
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What Are the Major Segments in the Driving Vacation Market?
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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What Are The Driving Driving Vacation Market Evolution?
A rise in travelers is encouraging the driving vacation market's expansion. More people are traveling due to improved services and disposable income. Driving vacations offer flexibility and affordability. In 2024, the International Trade Administration projected 77.7 million international visitors to the U.S., up from 67.3 million in 2023. Therefore, more travelers are increasing demand in the driving vacation market.
Which Firms Dominate The Driving Vacation Market Segments?
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
What Trends Are Expected to Dominate the Driving Vacation Market in the Next 5 Years?
In the driving vacation market, companies are providing group trip vehicle rental services to increase travel convenience. For instance, in June 2024, Savaari Car Rentals introduced Tempo Traveler and Minibus Rental Services in India, offering spacious, comfortable transport for large groups with options like 12- and 16-seaters, making it ideal for family trips, pilgrimages, and corporate events.
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Which Is The Largest Region 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Driving Vacation Market?
2. What is the CAGR expected in the Driving Vacation Market?
3. What Are the Key Innovations Transforming the Driving Vacation Industry?
4. Which Region Is Leading the Driving Vacation Market?
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