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Technical and Vocational Education and Training in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Technical and Vocational Education and Training Market Research Report | ANZSIC P8101 | Apr 2014

Licence to skill: Private sector providers expand as the skills shortage drives growth

IBISWorld’s Technical and Vocational Education and Training market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 09-14
1.9%
Annual Growth 14-19
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Profit
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Employment
94,168
Businesses
8,679
Industry Analysis & Industry Trends

Publicly funded vocational education and training (VET) is provided by many institutions, including publicly funded TAFE institutions, universities with TAFE divisions, various government institutions, schools, community providers and private providers. In 2012, 1.9 million people were enrolled in publicly funded VET programs. Most students (about two-thirds of the total) attend courses provided by TAFEs and other government providers, but private sector operators have grown in importance over the past five years. Their share of student enrolments doubled between 2008 and 2012 (to over 28.0%), as state governments pursued an increasingly market-based approach that opened the industry to more non-government operators... purchase to read more

Industry Report - Industry Products Chapter

The courses offered by the industry can be segmented according to the level of qualification. This includes diplomas and certificates I to IV, as well as non-award courses and bridging courses.

Diploma and above

Courses in this segment account for 13.5% of industry revenue. Qualifications include diploma, associate degree, advanced diploma, graduate certificate and graduate diploma. This segment has increased as a proportion of revenue over the past five years, reflecting the shift towards higher qualifications. The introduction of VET FEE-HELP in 2008 has also assisted growth in this segment.

Certificate III or IV

Demand for Certificate III or IV represents 56.4% of revenue... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Technical and Vocational Education and Training Industry?

This industry includes technical and vocational education and training delivered by Registered Training Organisations (RTOs). The RTOs include TAFE institutes, dual-sector institutions, enterprises and other private and community providers.

Industry Products
Diploma and aboveCertificate III or IVCertificate I or II
 
Industry Activities
Apprenticeship training program operationBusiness college and school operationInformation technology training centre operationInstitute of technology operationProfessional and management development trainingSecretarial trainingTechnical and further education college operationTechnical college operationVocational computer training


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