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 |
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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