Brazil Technical And Vocational Education Market Size & Outlook
Brazil technical and vocational education market, 2018-2030 (US$M)
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Brazil technical and vocational education market highlights
- The Brazil technical and vocational education market generated a revenue of USD 16,982.9 million in 2023 and is expected to reach USD 33,380.4 million by 2030.
- The Brazil market is expected to grow at a CAGR of 10.1% 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 16,982.9 million |
| Market revenue in 2030 | USD 33,380.4 million |
| Growth rate | 10.1% (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, Brazil 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 Latin America, Brazil technical and vocational education market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 23,124.0 million by 2030.
Stem was the largest segment with a revenue share of 77.36% in 2024. Horizon Databook has segmented the Brazil technical and vocational education market based on stem, non-stem covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil's diverse economy, which includes industries such as agriculture, mining, and manufacturing, requires a wide range of skilled workers, driving the demand for vocational training. Moreover, the need for specialized skills in emerging sectors, including technology and renewable energy, fosters growth in vocational training programs tailored to these industries.
Addressing skills mismatches and improving workforce competencies to meet the needs of a rapidly changing job market are key drivers of the TVE market in the country.
Furthermore, the government of Brazil has implemented various initiatives, such as the National Program for Access to Technical Education and Employment (Pronatec), to expand and enhance TVE opportunities.
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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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Brazil technical and vocational education market size, by course type, 2018-2030 (US$M)
Brazil Technical And Vocational Education Market Outlook Share, 2024 & 2030 (US$M)
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