Canada Technical And Vocational Education Market Size & Outlook
Canada technical and vocational education market, 2017-2030 (US$M)
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Canada technical and vocational education market highlights
- The Canada technical and vocational education market generated a revenue of USD 54,762.2 million in 2023 and is expected to reach USD 99,990.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 9% 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 54,762.2 million |
| Market revenue in 2030 | USD 99,990.9 million |
| Growth rate | 9% (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, Canada accounted for 7.4% 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 North America, U.S. technical and vocational education market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 99,990.9 million by 2030.
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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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Canada technical and vocational education market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to technical and vocational education market will help companies and investors design strategic landscapes.
Stem was the largest segment with a revenue share of 76.01% in 2023. Horizon Databook has segmented the Canada technical and vocational education market based on stem, non-stem covering the revenue growth of each sub-segment from 2017 to 2030.
The Canada TVE market is burgeoning due to a confluence of economic, demographic, and technological advancements. In addition, the country's emphasis on skilled trades and applied sciences is also driving the growth of its TVE market.
Moreover, the government of Canada actively supports TVE through various initiatives, such as the Canada Job Grant, which helps fund training programs for workers, and targeted investments in vocational schools and colleges.
Furthermore, as Canada seeks to diversify its economy and reduce reliance on traditional industries such as natural resources, there is a high demand to develop a skilled workforce in emerging sectors such as renewable energy, information technology, and advanced manufacturing.
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Target buyers of Canada technical and vocational education market databook
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Our clientele includes a mix of technical and vocational education market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada technical and vocational education market , including forecasts for subscribers. This country databook contains high-level insights into Canada technical and vocational education market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada technical and vocational education market size, by course type, 2017-2030 (US$M)
Canada Technical And Vocational Education Market Outlook Share, 2023 & 2030 (US$M)
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