Development of the Global Vocational Education and Training Industry in 2022

Source:iResearchJuly 29,20227:51 PM Overview

From the macro perspective, the development of the vocational education and training market is closely related to the local economic structure and development level. The change of the global economic structure and the adjustment of the industrial structure constitute the underlying logic of the development of vocational education and education. Support and investment from governments and institutions and the empowerment by information technology continuously promote industry development.

As the fact that vocational education and general education are equally important is widely recognized, vocational education and training will shoulder the heavy responsibility of talent supply that meet the needs of China's economic structural transformation, and will play an important role in social services such as housekeeping, healthcare, transportation, emergency response, and strategic emerging industries such as energy and environmental protection, aerospace and AI.

Vocational education training enterprises play a critical role in the industrial ecology, and a linking role in industrial standardization. They are responsible for practical cooperation in the integration of industry and education and the cooperation between schools and enterprises. They are pioneers in the development and exploration of advanced education models and resources.

Value Chain of the Vocational Education and Training Market

The value chain of the vocational education and training market is a complex ecology composed of multiple participants. In this system, a closed loop of vocational education recruitment or training might be done by the combination and collaboration of multiple entities, which means the information transmission paths in the ecology are diversified. However, rich transmission paths might lead to potential risks such as information distortion. With the constant development of the market and the accumulation of information, the importance of digital platforms for vocational education and training becomes increasingly prominent. Only by connecting all the main bodies in the ecology and integrating all ecological information through digital platforms can the whole ecology coexist harmoniously and operate smoothly.

Ecology of the Global Vocational Education and Training Industry

Size of the Global Vocational Education and Training Market

The size of vocational education and training has been rising globally. However, the size and growth momentum of different countries and regions vary according to macro policies, economic development levels, changes in labor supply and demand, and informatization degree. Although the Covid-19 pandemic, political turmoil in many countries, and extreme natural disasters have negative impacts on the global economy, the market size is expected to exceed 800 billion yuan by 2026, thanks to the positive macro background of global vocational education development.

Overview of Vocational Education in Different Regions 

Vocational education involves all walks of life. Its development degree is closely related to a country's population structure, economic structure and industry development. The development of vocational education in Europe and the United States is relatively mature. Thanks to years of development and iterative evolution, There are relatively complete vocational education systems and education models. However, in Asia, Africa and Latin America, vocational education is still in its infancy. These regions are actively exploring vocational education systems that meet their own talent development needs.

Trends and Outlook of the Vocational Education and Training Industry in China 

China has 200 million skilled workers, among whom 50 million are highly skilled talents. The jobs/applications ratio of skilled talents has been over 1.5 for a long time. According to National Development and Reform Commission, the proportion of skilled talents in China has been growing and is now nearly 30%. However, it is low considering the huge workforce, and it is much lower than that in manufacturing powerhouses such as Germany and Japan. The shortage of high-quality labor might become more severe in the future. On the other hand, the imbalance of vocational and general education in China's higher education system results in a falling employment rate of undergraduates. Chinese families will still prefer academic general education in the near future. However, in the long run, driven by the supply and demand of the job market, vocational education that emphasizes professional skills will attract more and more attention. The problem of imbalance between talent supply and demand can only be solved by healthy diversion of vocational education and general education.

Trends and Outlook of the Vocational Education Industry in China 

The ecology of vocational education includes diverse subjects and covers various industries and industry chains. In the traditional point-to-point industrial ecology, the efficiency of information transfer between the subjects is low, which is prone to disadvantages such as information asymmetry. With the improvement of the platform-based industrial ecology of vocational education, information barriers will be broken down, and fast exchange and circulation of information in the ecology will be realized, which will greatly improve the efficiency of information and resource allocation across the industry, and lay a solid foundation for the digital construction of talents. Such a huge and changing ecology need digital platforms to be stable, easy to use, highly compatible and have sustainable revenue. Therefore, the combination of industry training and employment service platforms based on SaaS will probably become the most promising business model for digital platforms.


Table of Contents of the Full Report

Abstract


1 Overview of the Global Vocational Education Industry

1.1 Scope and Definition of Vocational Education

1.2 Analysis of Vocational Education Market Value Chain
1.3 Ecological Map of the Global Vocational Education and Training Industry
1.4 Market Size of the Global Vocational Education and Training Industry
1.5 Macro Background of the Global Vocational Education and Training Industry
2 Status Quo of Vocational Education in Different Regions
2.1 Overview of Vocational Education in Different Regions
2.2 Overview of the Vocational Education System in China
2.3 Analysis of the Vocational Education Market in China
2.4 Analysis of the Policy Environment for the Vocational Education Market in China 
2.5 Overview of the Vocational Education and Training Market in Guangdong-Hong Kong-Macao Greater Bay Area
2.6 Development Trends in the Vocational Education Market in Guangdong-Hong Kong-Macao Greater Bay Area
2.7 Overview of the Vocational Education and Training Market in Europe
2.8 Analysis of the Vocational Education and Training Market Size in Europe
2.9 Factors Driving the Vocational Education Market in Europe
2.10 Development Trends in Vocational Education in Europe
2.11 Overview of the Vocational Education and Training Market in Africa
2.12 Analysis of African Vocational Education Market Size
2.13 Status Quo of the Vocational Education Market in Africa
2.14 Factors Driving the Vocational Education Market in Southeast Asia
2.15 Development Trends in the Vocational Education Market in Southeast Asia

3 Analysis of the Demand for Vocational Talents in China

3.1 Demand for Talents is the Underlying Factor Driving the Vocational Education Industry

3.2 Analysis of the Demand for Talents in Recruitment Examination Related Industries

3.3 Analysis of the Demand for Talents in the Corporate Training Industry

3.4 Analysis of the Demand for Talents in the Housekeeping Industry

3.5 Analysis of the Demand for Talents in the Emergency Industry

3.6 Analysis of the Demand for Talents in the Finance Industry
3.7 Analysis of the Demand for Talents in the Transportation Industry
3.8 Analysis of the Demand for Talents in the Energy and Environmental Protection Industry

3.9 Analysis of the Demand for Talents in the Aerospace Industry

3.10 Analysis of the Demand for Talents in the Medical Care Industry

3.11 Analysis of Demand for High-tech Talents

3.12 Position of Vocational Education in the Professional Talent Supply Ecology


4 Case Study of Representative Enterprises Worldwide

4.1 Case Study of Overseas Representative Enterprises

4.2 Case Study of Chinese Representative Enterprises


5 Trends and Outlook
5.1 Trends and Outlook of the Vocational Education Industry in China



Contents

The vocational education and training industry is composed of vocational school education and vocational training. Besides education and training institutions and students, its participants include enterprise employers, industry associations, governments, and so on. All parties together constitute an inseparable industrial ecology.

Related Reports
Close
Top Reports
Contact
Beijing Office
3/F, Tower B, Guanghualu SOHO II, No. 9 Guanghua Road, Chaoyang District, Beijing, 100020 Phone: +86 18610937103
Services Related:wanghe9@iresearch.com.cn Media Interview: vikdong@iresearch.com.cn