Top of the class: International student enrolments have increased, boosting revenue

The Education and Training division has undergone significant reform over the past five years. This has included the introduction of demand-driven systems for tertiary education, a new school funding model and policy initiatives aimed at increasing access to preschool education. While higher domestic demand for education and training is mostly attributable to Australia's population growth, the division has expanded at a faster rate than the population over the past five years. This is due to increased government funding and shifts in enrolment towards more expensive providers in secondary and tertiary education. Overall, division revenue is expected to increase at an annualised 3.5% over the five years through 2017-18, to reach $121.0 billion. This includes expected revenue growth of 2.3%...read more.

Industry Statistics & Market Size
Revenue
$121bn
Annual Growth 13-18
3.5%
Forecast Growth 18-23
Profit
Employment
800,208
Businesses
19,188

Industry Threats & Opportunities

  • The division has expanded at a faster rate than population growth over the past five years
  • International enrolments have boosted division revenue over the past five years
  • The division will undergo further structural reforms and education providers will need to adapt
  • Industry Report - Industry Products Chapter

    The Education and Training division consists of several industries that provide different levels of education, from preschool to university and other higher education. The Government Schools industry is the largest industry operating in the division, while the Sports Instructors industry is the smallest.Preschool educationPreschool operators provide accredited pre-primary education, which is designed to introduce children to the ideas, attitudes and behaviour required for school. These programs educate children aged three through five years and are conducted by public, private and community providers. The Preschool Education industry's share of division revenue has increased over the past five years due to a surge in government funding. The...purchase to read more.

    Additional Insights for the Education and Training Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Education and Training Industry are

  • Access to a highly skilled workforce
  • Ability to alter goods and services produced in favour of market conditions
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Population aged between 5 and 18 and Public funding for primary and secondary education in the Education and Training industry impact industry performance..

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    What's in this report

    What is the Education and Training Industry?

    The Education and Training division provides education services through preschools, schools, technical colleges, training centres and universities. These education providers may be publicly or privately owned and operated. Childcare services, animal training and student accommodation services are excluded from the division.

    Industry Products
  • Preschool education
  • Private schools
  • Government schools
  • Technical and vocational education and training
  • University and other higher education
  • Art and non-vocational education
  • Sports instruction
  • Industry Activities
  • Preschool education
  • School education
  • Tertiary education
  • Other education
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Population aged between 5 and 18
  • Public funding for primary and secondary education
  • Public funding for tertiary education
  • Secondary school retention rate
  • Trade-weighted index

  • Current Performance
  • Government policy
  • International student enrolments
  • Public versus private
  • Cost concerns
  • Chart: Revenue Growth

  • Industry Outlook
  • Government funding reforms
  • International enrolments
  • Trends in demand
  • Table: Education and Training Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Education and Training Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Finance
  • Institutional Building Construction
  • Professional Services
  • Wholesale Trade

  • Products & Services
  • Government schools
  • University and other higher education
  • Private schools
  • Technical and vocational education and training
  • Art and non-vocational education
  • Preschool education
  • Sports instruction
  • Chart: Education and Training Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Domestic students aged five to 14
  • Domestic students aged 15 to 19
  • Domestic students aged 25 to 44
  • Domestic students aged 20 to 24
  • International students
  • Research markets
  • Domestic students aged 45 and over
  • Domestic students aged four and under
  • Chart: Major Market Segmentation for the Education and Training Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Education and Training

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Education and Training Industry

  • Industry Globalization
    Department of Education and Training Victoria, NSW Department of Education, Queensland Department of Education and Training,
  • Table: Department of Education and Training Victoria - financial performance
  • Table: NSW Department of Education - financial performance
  • Table: Queensland Department of Education and Training - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Education and Training Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Education and Training Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Elicos
  • English Language Intensive Courses for Overseas Students.
  • Ict
  • Information Communications Technology.
  • Tafe
  • Publicly funded Technical and Further Education post-secondary organisations provide a range of technical and vocational education and training courses.
  • Vet
  • Vocational Education and Training.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s 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.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Education and Training:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Education and Training market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Education and Training, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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