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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 | Jun 2016

Number crunching: Reduced federal funding is projected to constrain industry revenue growth

IBISWorld’s Technical and Vocational Education and Training market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 11-16
3.0%
Annual Growth 16-21
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Profit
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Employment
55,460
Businesses
4,636
Industry Analysis & Industry Trends

The Technical and Vocational Education and Training industry has faced ongoing changes to its structure and government funding. The Federal Government increased grants to the industry under the National Partnership Agreement on Skills Reform, signed in 2012, pushing for state governments to reform their vocational education and training (VET) markets. Greater access to student loan schemes and a government shift from funding only state-run TAFEs to offering funding for providers based on student demand in some jurisdictions has increased the number of private providers. Industry revenue has risen at an annualised 3.0% over the past five years, to $8.9 billion, including growth of 1.8% in the current year... purchase to read more

Industry Report - Industry Key Buyers Chapter

There are many medium- to large-size TAFEs across the states and territories, resulting in low industry concentration. TAFEs, which are controlled by state governments, dominate the vocational education markets in each state. In 2014 (latest available data), TAFEs and other government providers enrolled 60.6% of students studying at registered training organisations, with the remainder of students enrolled by private and community education providers. Although government providers dominate the industry, their share has declined from 73.3% in 2010 due to state and Federal Government encouragement of demand-driven service provision... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Technical and Vocational Education and Training Industry?

The industry offers technical and vocational education and training that is delivered by registered training organisations (RTOs). RTOs include TAFE institutes, dual-sector institutions and other private and community providers.

Industry Products
Diploma and aboveCertificate IVCertificate IIICertificate IICertificate I
 
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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