U.S. Technical And Vocational Education Market Size & Outlook
U.S. technical and vocational education market, 2018-2030 (US$M)
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U.S. technical and vocational education market highlights
- The U.S. technical and vocational education market generated a revenue of USD 141,207.3 million in 2023 and is expected to reach USD 242,004.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 8% 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 141,207.3 million |
| Market revenue in 2030 | USD 242,004.5 million |
| Growth rate | 8% (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, U.S. accounted for 19.0% 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 North America, U.S. technical and vocational education market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 99,990.9 million by 2030.
Stem was the largest segment with a revenue share of 75.06% in 2024. Horizon Databook has segmented the U.S. technical and vocational education market based on stem, non-stem covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. houses leading universities and research institutions, fostering innovation and research in the TVE market. Moreover, the growing EdTech industry provides advanced tools and resources to enhance technical and vocational learning experiences.
Companies are undertaking strategic initiatives to stay competitive in the market. For instance, in February 2023, Sophia Learning, an e-learning platform based in the U.S., partnered with Labster ApS, an edtech platform, to offer college-level science classes that include Labster ApS’s simulation content.
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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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U.S. technical and vocational education market size, by course type, 2018-2030 (US$M)
U.S. Technical And Vocational Education Market Outlook Share, 2024 & 2030 (US$M)
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