Industry Analysis & Industry Trends
The Art and Non-Vocational Education industry is highly fragmented, offering a variety of educational services to a diverse market comprising individuals and corporations, from arts education to professional development courses. Although the various segments exhibit differing trends due in part to the latest fads and preferences, the industry's fortunes are generally tied to economic conditions. Besides households disposable income, the industry's reliance on business customers exposes the industry to further revenue volatility.
Over the five years through 2012-13, IBISWorld projects that industry revenue will contract at an annualised rate of 1.6%... purchase to read more
Industry Report - Industry Investment Chapter
The industry displays low capital intensity as labour costs significantly outweigh capital costs. For every dollar spent on capital, $10.1 is expended on labour. There is a high reliance on teaching staff, as is generally the case with industries in the Education division, although growth in external courses is reducing this reliance to some degree. For example, some tutoring courses can be taken online, reducing the cost of teaching staff.
Furthermore, the structure of many tutoring programs is becoming increasingly standardised, therefore reducing the required qualifications of the tutor delivering the education. Some tutoring businesses have sought to recruit university students as their employees... purchase to read more