Australia Technical And Vocational Education Market Size & Outlook
Australia technical and vocational education market, 2018-2030 (US$M)
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Australia technical and vocational education market highlights
- The Australia technical and vocational education market generated a revenue of USD 17,298.9 million in 2023 and is expected to reach USD 40,007.3 million by 2030.
- The Australia market is expected to grow at a CAGR of 12.7% from 2024 to 2030.
- In terms of segment, stem was the largest revenue generating course type in 2023.
- STEM is the most lucrative course type segment registering the fastest growth during the forecast period.
Technical and vocational education market data book summary
| Market revenue in 2023 | USD 17,298.9 million |
| Market revenue in 2030 | USD 40,007.3 million |
| Growth rate | 12.7% (CAGR from 2023 to 2030) |
| Largest segment | Stem |
| Fastest growing segment | STEM |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | STEM, Non-STEM |
Other key industry trends
- In terms of revenue, Australia accounted for 2.3% of the global technical and vocational education market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China technical and vocational education market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 116,521.2 million by 2030.
Stem was the largest segment with a revenue share of 74.74% in 2024. Horizon Databook has segmented the Australia technical and vocational education market based on stem, non-stem covering the revenue growth of each sub-segment from 2018 to 2030.
Australia is known as a destination for quality education and attracts international students, contributing to the growth of the TVE market. The increasing importance of digital skills has also led to the development of technical and vocational programs in IT and related fields.
Moreover, large-scale infrastructure projects in the country have boosted demand for skilled workers in construction, engineering, and related fields. Furthermore, Australia's robust economy has also led to increased job opportunities, particularly in sectors requiring skilled tradespeople.
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Technical And Vocational Education Market Scope
Technical And Vocational Education Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia technical and vocational education market size, by course type, 2018-2030 (US$M)
Australia Technical And Vocational Education Market Outlook Share, 2024 & 2030 (US$M)
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