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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 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
$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 Locations Chapter

The geographic spread of revenue in the industry largely follows the distribution of population, with certain exceptions. The prevalence of the public VET system, primarily TAFEs, can distort revenue distribution. Victoria, although home to less than one-quarter of Australia's population, receives about 38.3% of combined state funding. This is likely due to the large number of TAFEs in the state.

Furthermore, as the public VET system is primarily funded by the various state and territory governments, the revenue distribution correlates with state and territory budget allocations for the industry... 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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