North America Technical And Vocational Education Market Size & Outlook
North America technical and vocational education market, 2018-2030 (US$M)
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North America technical and vocational education market highlights
- The North America technical and vocational education market generated a revenue of USD 195,969.5 million in 2023.
- The market is expected to grow at a CAGR of 8.3% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 195,969.5 million |
| Market revenue in 2030 | USD 341,995.4 million |
| Growth rate | 8.3% (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, North America region accounted for 26.4% 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 75.33% in 2024. Horizon Databook has segmented the North America technical and vocational education market based on stem, non-stem covering the revenue growth of each sub-segment from 2018 to 2030.
In addition, there is a growing need for skilled workers in various industries, such as healthcare, technology, construction, and manufacturing. TVE provides the practical skills and training required to fill these positions.
Moreover, industries undergoing rapid technological developments require a workforce with up-to-date skills. Vocational and technical education programs are often more agile and adaptable to their curricula to meet these evolving needs.
Furthermore, economic growth and industrial expansion in North America increase the demand for a technically proficient workforce. This leads to greater investment in vocational training programs by both public and private sectors.
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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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North America technical and vocational education market size, by country, 2018-2030 (US$M)
North America Technical And Vocational Education Market Outlook Share, 2024 & 2030 (US$M)
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