China Technical And Vocational Education Market Size & Outlook
China technical and vocational education market, 2018-2030 (US$M)
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China technical and vocational education market highlights
- The China technical and vocational education market generated a revenue of USD 71,052.3 million in 2023 and is expected to reach USD 148,463.0 million by 2030.
- The China market is expected to grow at a CAGR of 11.1% 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 71,052.3 million |
| Market revenue in 2030 | USD 148,463.0 million |
| Growth rate | 11.1% (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, China accounted for 9.6% 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 82.36% in 2024. Horizon Databook has segmented the China technical and vocational education market based on stem, non-stem covering the revenue growth of each sub-segment from 2018 to 2030.
China's shift from a manufacturing-based economy to a more diversified, innovation-driven economy requires a workforce with advanced technical and vocational skills. Vocational education is essential in training workers for emerging industries such as high-tech manufacturing, renewable energy, and information technology.
The government of China has implemented several policies and initiatives to promote vocational education. The "Implementation Plan of National Vocational Education Reform" focuses on enhancing the quality and scale of vocational training.
Moreover, China's ongoing urbanization has created a need for skilled labor in urban areas, particularly in construction, infrastructure development, and urban services. Vocational education plays a critical role in training workers to meet these demands.
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Technical And Vocational Education Market Scope
Technical And Vocational Education Market Companies
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China technical and vocational education market size, by course type, 2018-2030 (US$M)
China Technical And Vocational Education Market Outlook Share, 2024 & 2030 (US$M)
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