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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 2014

Fight for funding: Government reforms have made the industry more market-oriented

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
$10bn
Annual Growth 10-15
2.2%
Annual Growth 15-20
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Profit
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Employment
92,585
Businesses
8,173
Industry Analysis & Industry Trends

The Technical and Vocational Education and Training industry has undergone significant structural and government funding changes over the past five years. The Federal Government has increased grants to the industry under the National Partnership Agreement on Skills Reform and pushed for state governments to reform their vocational education and training (VET) markets. A government shift in some jurisdictions from funding only state-run TAFEs to offering competitive funding for providers based on student demand has led to an increase in the number of private providers operating in the industry. Overall, industry revenue is forecast to increase at an annualised 2.2% over the five years through 2014-15, to reach $10.3 billion in 2014-15. This includes growth of 1.6% in 2014-15... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Technical and Vocational Education and Training industry is in the mature stage of its life cycle. Industry value added is forecast to increase at an annualised 2.3% over the five years through 2019-20 compared with GDP growth at an annualised 2.7%. This indicates that the industry is growing at a marginally slower pace than the overall economy.

The Federal Government has committed to various industry reforms over the past five years. A move towards demand-driven funding across all states and territories will support student enrolments and encourage new providers to enter the industry, particularly in the private sector. Industry enterprises are expected to grow by an annualised 1.8% over the next five years... 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). RTOs include TAFE institutes, dual-sector institutions, enterprises and other private and community providers.

Industry Products
Diploma and aboveCertificate ICertificate IICertificate IIICertificate IV
 
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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