Latin America Technical And Vocational Education Market Size & Outlook
Latin America technical and vocational education market, 2018-2030 (US$M)
Related Markets
Latin America technical and vocational education market highlights
- The Latin America technical and vocational education market generated a revenue of USD 37,195.5 million in 2023.
- The 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 37,195.5 million |
| Market revenue in 2030 | USD 73,115.1 million |
| Growth rate | 10.1% (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, Latin America region accounted for 5.0% 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 78.35% in 2024. Horizon Databook has segmented the Latin America technical and vocational education market based on stem, non-stem covering the revenue growth of each sub-segment from 2018 to 2030.
Against the backdrop of the thriving industrialization of the Latin America economy, there is an increasing demand for skilled workforce to support various sectors such as manufacturing, technology, and services. There is a recognized need to bridge the skills gap between the education system and labor market requirements, which further drives investment in TVE programs.
Moreover, collaborations between educational institutions and industries ensure that vocational training programs are aligned with current market needs and technological advancements. Thus, the market in the region is growing rapidly.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Technical And Vocational Education Market Scope
Technical And Vocational Education Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America technical and vocational education market size, by country, 2018-2030 (US$M)
Latin America Technical And Vocational Education Market Outlook Share, 2024 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
