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According to the latest research, the global Technical and Vocational Education and Training (TVET) market size was valued at USD 669843.72 million in 2022 and is expected to expand at a CAGR of 10.13% during the forecast period, reaching USD 1195336.94 million by 2028.
Technical and vocational education and training (TVET) is understood as comprising education, training and skills development relating to a wide range of occupational fields, production, services and livelihoods. TVET, as part of lifelong learning, can take place at secondary, post-secondary and tertiary levels and includes work-based learning and continuing training and professional development which may lead to qualifications. TVET also includes a wide range of skills development opportunities attuned to national and local contexts. Learning to learn, the development of literacy and numeracy skills, transversal skills and citizenship skills are integral components of TVET. This report calculates the income of educational institutions providing technical and vocational education and training.
Impact of Carbon Neutrality on the Technical and Vocational Education and Training (TVET) Industry
People, the planet, and prosperity are underpinned in the 2030 Sustainable Development Goals (SDG). As countries and communities are striving towards meeting the Sustainable Development Goals (SDGs), there is an urgent requirement to develop the competencies, skills and knowledge needed to transform to a more sustainable economy and society. ILO stated in their latest report (World Employment and Social Outlook 2018 – Greening with jobs) how a green economy could not only improve livelihoods for millions of people but also act as a catalyst for poverty reduction. The report optimistically estimates the green economy can compensate for potential job losses with 24 million new jobs, given that the right policies and skill development opportunities are in place. Yet, this green transition relies on a number of factors. One crucial factor is adequate training and education for sustainable development, which bring the next part - the greening of TVET. Identifying steps to make the TVET model greener is also an effective means of reaching some of the SDGs.
Advantages of vocational education training
There are numerous advantages to TVET programs. There are many contributions of Technical and Vocational Education and Training (TVET) to a nations economy. TVET has been proved as the key to skill development. With its feature focused on specific occupations, it has allowed individuals to find skill-related jobs or start their own employment. TVET stands as a major player in the economic growth of a nation through the development of the workforce and the rise in the employment rate.
Skills and qualifications required for job hunting are on the rise
The rapid technological changes demand that workers continuously update their knowledge and skills. Unlike in the past when a job could be held for life, it is commonplace to change vocations several times. TVET enables that flexibility in two ways. One is providing broad-based technical knowledge and transversal skills on which different occupations can be based.
Limitation of TVET system
While there has been increasing in the awareness of TVET and therefore, an increase in the quantity of intake of the TVET system, the capacity of industry to absorb the graduates have not increased as much, especially in the recent years when the global economic crisis affected most of the labor-intensive sectors. On the other hand, the industries that were not greatly affected and were the focus of the training interventions, such as the business process outsourcing require skills that do not necessarily match those of the graduates of the education system.
Region Overview:
In 2021, the share of the Technical and Vocational Education and Training (TVET) market in United States stood at 30.69%.
Company Overview:
SGS
SGS is a Swiss multinational company headquartered in Geneva, which provides inspection, verification, testing and certification services. It has more than 96,000 employees and operates over 2,600 offices and laboratories worldwide. It ranked on Forbes Global 2000 in 2015, 2016, 2017, 2020 and 2021.
BSI
The British Standards Institution is the national standards body of the United Kingdom. BSI produces technical standards on a wide range of products and services and also supplies certification and standards-related services to businesses. As a leading business improvement partner, BSI works with organizations to understand their development needs, creating training programs to align with and meet their strategic objectives. Operating in 195 countries, BSIs industry experts have developed an unrivaled portfolio of courses to support the entire organization.
SGS is one of the major players operating in the Technical and Vocational Education and Training (TVET) market, holding a share of 0.117% in 2022.
Segmentation Overview:
Technical education and training cover industries with high technical requirements such as aviation, telecommunications, and IT.
Non-technical education and training include tourism and hospitality, beauty and wellness, public administration and other less technically demanding industries.
By type, Technical segment accounted for the largest share of market in 2021.
Application Overview:
By application, the IT segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Technical and Vocational Education and Training (TVET) industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Technical and Vocational Education and Training (TVET). The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Technical and Vocational Education and Training (TVET) Market Report Include:
Market Size Estimates: Technical and Vocational Education and Training (TVET) market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Technical and Vocational Education and Training (TVET) market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Technical and Vocational Education and Training (TVET) market
Segment Market Analysis: Technical and Vocational Education and Training (TVET) market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Technical and Vocational Education and Training (TVET) market situations and prospects in major and top regions and countries
Technical and Vocational Education and Training (TVET) Market
Technical and Vocational Education and Training (TVET) Industry Chain: Technical and Vocational Education and Training (TVET) market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Technical and Vocational Education and Training (TVET) Industry News, Policies by regions
Technical and Vocational Education and Training (TVET) Industry Porters Five Forces Analysis
Key players in the global Technical and Vocational Education and Training (TVET) market are covered in Chapter 2:
ExecuTrain
New Horizons
Astra Manufacturing Polytechnics
NTUC LearningHub
Wagons Learning
Dcolearning
TasTAFE
PT Tranceformasi Indonesia Kreatif
China East Education Holdings Limited
SGS
City & Guilds Group
Opus Kinetic
BSI
Foster & Bridge Indonesia
GP Strategies Corporation
Training Vision Institute (TVI)
IDC Training House Sdn Bhd
TEDU
IPDC Training Institute
In Chapter 6 and Chapter 9, on the basis of types, the Technical and Vocational Education and Training (TVET) market from 2018 to 2028 is primarily split into:
Technical
Non-Technical
In Chapter 7 and Chapter 10, on the basis of applications, the Technical and Vocational Education and Training (TVET) market from 2018 to 2028 covers:
Healthcare
Hospitality
IT
Advanced Manufacturing
Engineering
Logistics & Transportation
Other Applications
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Technical and Vocational Education and Training (TVET) market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Technical and Vocational Education and Training (TVET) industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Technical and Vocational Education and Training (TVET) market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Technical and Vocational Education and Training (TVET) industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Technical and Vocational Education and Training (TVET) market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Technical and Vocational Education and Training (TVET) market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Technical and Vocational Education and Training (TVET) market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Technical and vocational education and training (TVET) is understood as comprising education, training and skills development relating to a wide range of occupational fields, production, services and livelihoods. TVET, as part of lifelong learning, can take place at secondary, post-secondary and tertiary levels and includes work-based learning and continuing training and professional development which may lead to qualifications. TVET also includes a wide range of skills development opportunities attuned to national and local contexts. Learning to learn, the development of literacy and numeracy skills, transversal skills and citizenship skills are integral components of TVET. This report calculates the income of educational institutions providing technical and vocational education and training.
Impact of Carbon Neutrality on the Technical and Vocational Education and Training (TVET) Industry
People, the planet, and prosperity are underpinned in the 2030 Sustainable Development Goals (SDG). As countries and communities are striving towards meeting the Sustainable Development Goals (SDGs), there is an urgent requirement to develop the competencies, skills and knowledge needed to transform to a more sustainable economy and society. ILO stated in their latest report (World Employment and Social Outlook 2018 – Greening with jobs) how a green economy could not only improve livelihoods for millions of people but also act as a catalyst for poverty reduction. The report optimistically estimates the green economy can compensate for potential job losses with 24 million new jobs, given that the right policies and skill development opportunities are in place. Yet, this green transition relies on a number of factors. One crucial factor is adequate training and education for sustainable development, which bring the next part - the greening of TVET. Identifying steps to make the TVET model greener is also an effective means of reaching some of the SDGs.
Advantages of vocational education training
There are numerous advantages to TVET programs. There are many contributions of Technical and Vocational Education and Training (TVET) to a nations economy. TVET has been proved as the key to skill development. With its feature focused on specific occupations, it has allowed individuals to find skill-related jobs or start their own employment. TVET stands as a major player in the economic growth of a nation through the development of the workforce and the rise in the employment rate.
Skills and qualifications required for job hunting are on the rise
The rapid technological changes demand that workers continuously update their knowledge and skills. Unlike in the past when a job could be held for life, it is commonplace to change vocations several times. TVET enables that flexibility in two ways. One is providing broad-based technical knowledge and transversal skills on which different occupations can be based.
Limitation of TVET system
While there has been increasing in the awareness of TVET and therefore, an increase in the quantity of intake of the TVET system, the capacity of industry to absorb the graduates have not increased as much, especially in the recent years when the global economic crisis affected most of the labor-intensive sectors. On the other hand, the industries that were not greatly affected and were the focus of the training interventions, such as the business process outsourcing require skills that do not necessarily match those of the graduates of the education system.
Region Overview:
In 2021, the share of the Technical and Vocational Education and Training (TVET) market in United States stood at 30.69%.
Company Overview:
SGS
SGS is a Swiss multinational company headquartered in Geneva, which provides inspection, verification, testing and certification services. It has more than 96,000 employees and operates over 2,600 offices and laboratories worldwide. It ranked on Forbes Global 2000 in 2015, 2016, 2017, 2020 and 2021.
BSI
The British Standards Institution is the national standards body of the United Kingdom. BSI produces technical standards on a wide range of products and services and also supplies certification and standards-related services to businesses. As a leading business improvement partner, BSI works with organizations to understand their development needs, creating training programs to align with and meet their strategic objectives. Operating in 195 countries, BSIs industry experts have developed an unrivaled portfolio of courses to support the entire organization.
SGS is one of the major players operating in the Technical and Vocational Education and Training (TVET) market, holding a share of 0.117% in 2022.
Segmentation Overview:
Technical education and training cover industries with high technical requirements such as aviation, telecommunications, and IT.
Non-technical education and training include tourism and hospitality, beauty and wellness, public administration and other less technically demanding industries.
By type, Technical segment accounted for the largest share of market in 2021.
Application Overview:
By application, the IT segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Technical and Vocational Education and Training (TVET) industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Technical and Vocational Education and Training (TVET). The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Technical and Vocational Education and Training (TVET) Market Report Include:
Market Size Estimates: Technical and Vocational Education and Training (TVET) market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Technical and Vocational Education and Training (TVET) market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Technical and Vocational Education and Training (TVET) market
Segment Market Analysis: Technical and Vocational Education and Training (TVET) market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Technical and Vocational Education and Training (TVET) market situations and prospects in major and top regions and countries
Technical and Vocational Education and Training (TVET) Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Technical and Vocational Education and Training (TVET) Industry Chain: Technical and Vocational Education and Training (TVET) market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Technical and Vocational Education and Training (TVET) Industry News, Policies by regions
Technical and Vocational Education and Training (TVET) Industry Porters Five Forces Analysis
Key players in the global Technical and Vocational Education and Training (TVET) market are covered in Chapter 2:
ExecuTrain
New Horizons
Astra Manufacturing Polytechnics
NTUC LearningHub
Wagons Learning
Dcolearning
TasTAFE
PT Tranceformasi Indonesia Kreatif
China East Education Holdings Limited
SGS
City & Guilds Group
Opus Kinetic
BSI
Foster & Bridge Indonesia
GP Strategies Corporation
Training Vision Institute (TVI)
IDC Training House Sdn Bhd
TEDU
IPDC Training Institute
In Chapter 6 and Chapter 9, on the basis of types, the Technical and Vocational Education and Training (TVET) market from 2018 to 2028 is primarily split into:
Technical
Non-Technical
In Chapter 7 and Chapter 10, on the basis of applications, the Technical and Vocational Education and Training (TVET) market from 2018 to 2028 covers:
Healthcare
Hospitality
IT
Advanced Manufacturing
Engineering
Logistics & Transportation
Other Applications
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Technical and Vocational Education and Training (TVET) market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Technical and Vocational Education and Training (TVET) industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Technical and Vocational Education and Training (TVET) market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Technical and Vocational Education and Training (TVET) industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Technical and Vocational Education and Training (TVET) market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Technical and Vocational Education and Training (TVET) market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Technical and Vocational Education and Training (TVET) market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
