Europe Technical And Vocational Education Market Size & Outlook
Europe technical and vocational education market, 2018-2030 (US$M)
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Europe technical and vocational education market highlights
- The Europe technical and vocational education market generated a revenue of USD 240,409.1 million in 2023.
- The market is expected to grow at a CAGR of 8.7% 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.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 240,409.1 million |
| Market revenue in 2030 | USD 431,482.5 million |
| Growth rate | 8.7% (CAGR from 2023 to 2030) |
| Largest segment | Stem |
| Fastest growing segment | STEM |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | STEM, Non-STEM |
Other key industry trends
- In terms of revenue, Europe region accounted for 32.4% of the global technical and vocational education market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 500,091.2 million by 2030.
Stem was the largest segment with a revenue share of 75.25% in 2024. Horizon Databook has segmented the Europe technical and vocational education market based on stem, non-stem covering the revenue growth of each sub-segment from 2018 to 2030.
The European Union (EU) supports vocational education through various programs and funding initiatives, such as Erasmus+ and the European Social Fund (ESF). These programs promote mobility, cooperation, and modernization of vocational training systems across member states.
In addition, various countries such as Germany, Switzerland, and Austria have well-established dual education systems that blend classroom learning with on-the-job training. These systems are highly effective in providing practical skills and improving employability.
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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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Europe technical and vocational education market size, by country, 2018-2030 (US$M)
Europe Technical And Vocational Education Market Outlook Share, 2024 & 2030 (US$M)
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