Overview

School leavers: Regulatory reform is expected to slow revenue growth and cause exits

IBISWorld’s Technical and Vocational Education and Training market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • TAFE providers have lost some market share to universities in the tertiary education sector
  • A dramatic increase in loans raised concerns about the conduct of some industry operators
  • The Australian dollar is expected to appreciate, reducing revenue from international students

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    Industry Analysis & Industry Trends

    The Technical and Vocational Education and Training industry is subject to continuous changes in regulation. In 2012, the Federal Government increased grants to the industry as part of the National Partnership Agreement, under the condition that the states and territory governments improve the outcomes of vocational and educational training (VET). Industry revenue is expected to increase by an annualised 2.7% over the five years through 2016-17, to reach $9.4 billion. However, revenue for the current year is projected to decline by 3.4% as tighter regulations reduce the eligibility of some service providers to receive government funding...

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    Industry Report - Industry Investment Chapter

    The Technical and Vocational Education and Training industry is not capital intensive. An estimated $9.12 is expected to be spent on wages for every dollar spent on capital costs in 2016-17. Lecturers and teachers are required to conduct face-to-face classes and workshops. As a result, labour inputs are high relative to capital investment. Institutions also hire administrative and education support staff to manage and assist various activities.

    Depreciation costs are incurred through investments in buildings, digital infrastructure and specific learning equipment. The introduction of computer and internet-based training has led to increased capital investment in online network and data storage systems. Cap..

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    Additional Insights for the Technical and Vocational Education and Training Industry

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

  • Operators must offer regulated courses
  • Ongoing market research to develop courses offered
  • Ability to provide flexible training conditions
  • IBISWorld analysts also discuss how external factors such as Public funding for tertiary education and Number of vocational students in the Technical and Vocational Education and Training industry impact industry performance..

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    New Zealand Special Report

    Industry Products

    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 above
    Certificate IV
    Certificate III
    Certificate II
    Certificate I
    Industry Activities
    Apprenticeship training program operation
    Business college and school operation
    Information technology training centre operation
    Institute of technology operation
    Professional and management development training
    Secretarial training
    Technical and further education college operation
    Technical college operation
    Vocational computer training

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Public funding for tertiary education
  • Number of vocational students
  • Trade-weighted index
  • National unemployment rate

  • Current Performance
  • Government funding and reform
  • Private providers
  • Student enrolments
  • Chart: Revenue Growth

  • Industry Outlook
  • Government funding and reform
  • Private providers
  • Student enrolments
  • Table: Technical and Vocational Education and Training Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Book and Magazine Wholesaling
  • Central Government Administration
  • Computer and Computer Peripheral Wholesaling
  • Paper Product Wholesaling
  • Printing
  • State Government Administration
  • Telecommunications and Other Electrical Goods Wholesaling

  • Products & Services
  • Certificate III
  • Diploma and above
  • Certificate II
  • Certificate IV
  • Other
  • Certificate I
  • Chart: Technical and Vocational Education and Training Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 25 to 44
  • People aged 15 to 24
  • People aged 45 and over
  • Chart: Major Market Segmentation for the Technical and Vocational Education and Training Industry

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

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Technical and Vocational Education and Training Industry

  • Industry Globalization
    Major Companies
    Technical and Further Education CommissionDepartment of Education and Training VictoriaTAFE Queensland
  • Table: Technical and Further Education Commission - financial performance
  • Table: Department of Education and Training Victoria - financial performance
  • Table: TAFE Queensland - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Technical and Vocational 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
    Key Statistics
    Table: Industry Data for the Technical and Vocational Education and Training Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Australian Qualifications Framework (Aqf)
  • Courses at this level are national qualifications that may be issued by secondary schools, higher education institutions, TAFEs and private providers.
  • National Centre For Vocational Education Research
  • Compiles statistics and researches the vocational education market.
  • Tafe
  • Technical and Further Education. This can refer to courses or the institutions that provide them.
  • Why buy this report?

    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 Technical and Vocational 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 Technical and Vocational 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 Technical and Vocational 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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