Spain Technical And Vocational Education Market Size & Outlook
Spain technical and vocational education market, 2018-2030 (US$M)
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Spain technical and vocational education market highlights
- The Spain technical and vocational education market generated a revenue of USD 19,596.1 million in 2023 and is expected to reach USD 35,597.3 million by 2030.
- The Spain market is expected to grow at a CAGR of 8.9% 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 19,596.1 million |
| Market revenue in 2030 | USD 35,597.3 million |
| Growth rate | 8.9% (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, Spain accounted for 2.6% 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 Europe, Germany technical and vocational education market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 52,640.9 million by 2030.
Stem was the largest segment with a revenue share of 75.41% in 2024. Horizon Databook has segmented the Spain technical and vocational education market based on stem, non-stem covering the revenue growth of each sub-segment from 2018 to 2030.
The government of Spain has implemented several policies and initiatives to support vocational education, including the “Plan de Formación Profesional” (Vocational Training Plan), which aims to modernize and expand vocational training opportunities.
In addition, high youth unemployment rates in Spain have led to an increased focus on vocational education as a means to provide young people with practical skills and improve their employment prospects. Vocational education supports regional development by providing training opportunities in areas with high unemployment or economic challenges.
This helps to balance economic disparities and support local economies. These factors collectively contribute to the robust growth and development of the TVE market in Spain, addressing both current and future labor market needs.
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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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Spain technical and vocational education market size, by course type, 2018-2030 (US$M)
Spain Technical And Vocational Education Market Outlook Share, 2024 & 2030 (US$M)
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