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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 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. 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. For example, Tasmania and Queensland have lower funding per student than Western Australia and Victoria, while the Northern Territory provided the highest funding per student that any of the other states.

The state and territory governments' stance on a publicly funded system or a user-pays system will ultimately determine the distribution of private RTOs and TAFEs... 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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