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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 | Oct 2016

Learning a lesson: Reduced federal funding is constraining industry revenue growth

The Technical and Vocational Education and Training market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 12-17
1.3%
Annual Growth 17-22
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Profit
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Employment
61,449
Businesses
4,536
Industry Analysis & Industry Trends

The Technical and Vocational Education and Training industry is subject to continuous changes in regulation. In 2012, the Federal Government increased grants to the industry under the National Partnership Agreement, under the condition that the states and territory governments improve the outcomes of vocational and educational training (VET). The increased availability of VET loans and the inclusion of private registered training organisations (RTOs) in funding caused industry establishments to rise. More recently, concerns regarding the use of government funding by numerous private RTOs has led to the VET FEE-HELP scheme ending. Instead, VET Student Loans will come into effect in January 2017. Industry revenue is expected to increase at a compound annual rate of 1.3%... purchase to read more

Industry Report - Industry Products Chapter

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

Certificate I

Certificate I is the lowest tertiary education qualifications available under the Australian Qualifications Framework (AQF). It equips individuals with basic functional knowledge and skills for initial work, further learning and community involvement. Graduates at this level can undertake routine tasks and identify simple problems. Certificate I courses are also offered to secondary school students, but this revenue is not included in the industry. This segment's contribution to industry revenue has remained stable over the past five years... 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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