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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 | Feb 2016

Crash course: Industry growth has been constrained by a drop in international student enrolments

IBISWorld’s Technical and Vocational Education and Training market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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
58,850
Businesses
3,662
Industry Analysis & Industry Trends

The Technical and Vocational Education and Training industry has faced significant changes to its structure and government funding 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 from funding only state-run TAFEs to offering funding for providers based on student demand in some jurisdictions has led to an increase in the number of private providers. Overall, industry revenue is forecast to rise at an annualised 3.0% over the five years through 2015-16, to $8.9 billion. This includes growth of 1.8% in the current year... purchase to read more

Industry Report - Industry Investment Chapter

The Technical and Vocational Education and Training industry displays a low level of capital intensity. IBISWorld estimates that for every dollar spent on capital costs, $9.38 is spent on wages. Lecturers and teachers are required to conduct face-to-face classes, resulting in a high level of labour input. Industry operators also hire non-academic staff to undertake general administration and maintenance activities.

Depreciation costs are incurred through investment in buildings and specific equipment and technology. The introduction of computer and internet-based training has led to increased capital investment in technology infrastructure and systems... 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 that is 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 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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