UK Technical And Vocational Education Market Size & Outlook
UK technical and vocational education market, 2018-2030 (US$M)
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UK technical and vocational education market highlights
- The UK technical and vocational education market generated a revenue of USD 45,546.3 million in 2023 and is expected to reach USD 84,570.6 million by 2030.
- The UK market is expected to grow at a CAGR of 9.2% 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 45,546.3 million |
| Market revenue in 2030 | USD 84,570.6 million |
| Growth rate | 9.2% (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, UK accounted for 6.1% 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 73.26% in 2024. Horizon Databook has segmented the UK technical and vocational education market based on stem, non-stem covering the revenue growth of each sub-segment from 2018 to 2030.
The U.K. government implemented various policies and funding initiatives to support vocational education. This includes the introduction of T Levels (technical qualifications) and increased funding for apprenticeships.
Moreover, the Apprenticeship Levy, introduced in 2017, requires large employers to invest in apprenticeships. This has led to a greater number of apprenticeship opportunities and greater involvement of businesses in vocational training.
Furthermore, collaborations between employers and educational institutions in the country ensure that vocational training programs are aligned with industry requirements. Employers often play a direct role in curriculum development and offer work-based learning opportunities.
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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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UK technical and vocational education market size, by course type, 2018-2030 (US$M)
UK Technical And Vocational Education Market Outlook Share, 2024 & 2030 (US$M)
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