Technical and Vocational Education and Training in Australia - Market Research Report

Technical and Vocational Education and Training industry trends (2014-2019)

poll Average industry growth 2014–2019: -3.9%

Regulations in the Technical and Vocational Education and Training industry are frequently changing. Student numbers and industry revenue surged with the implementation of the VET FEE-HELP scheme in 2009 and the National Partnership Agreement on Skills Reform in 2012. The increase in government funding reduced financial barriers for students seeking to access vocational education and increased the number of private vocational education providers entering the market. However, course quality concerns and budgetary constraints led to changes to industry funding, including the VET Student Loans scheme, which was implemented in January 2017. Industry revenue is expected to fall at an annualised 6.0% over the five years through 2019-20, to $9.2 billion. Th...
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Technical and Vocational Education and Training industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

Changes to the regulation and funding of vocational education are anticipated to influence the Technical and Vocational Education and Training industry's performance over the next five years. The introduction of the VET Student Loans scheme has already reduced the number of government-funded courses. The scheme will likely limit increases in the number of student enrolments and consequently slow industry growth over the next five years. However, state and territory programs, such as the Victorian Government's Free TAFE for Priority Courses, are forecast to support industry growth over the period. The strength of the Australian dollar also influences the industry's performance by affecting international enrolments. The Australian dollar is projected t...
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Technical and Vocational Education and Training industry statistics

  • attach_money Market Size: $9bn
  • business Number of Businesses: 8,809
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 69,628

Biggest companies in the Technical and Vocational Education and Training industry

The companies holding the largest market share in the Technical and Vocational Education and Training in Australia industry include Department of Education and Training Victoria, Technical and Further Education Commission and TAFE Queensland.

  • pie_chart Department of Education and Training Victoria Market Share: x.x%
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  • pie_chart Technical and Further Education Commission Market Share: x.x%
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  • pie_chart TAFE Queensland Market Share: x.x%
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What is Technical and Vocational Education and Training industry?

Industry Definition

The industry consists of registered training organisations (RTOs) that offer technical and vocational education and training. RTOs include TAFE institutes, dual-sector institutions and other private and community providers.

Industry Products and Services

  • Diploma and above
  • Certificate IV
  • Certificate III
  • Certificate II
  • Certificate I
  • Other courses and programs

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

Market research report - table of contents

Industry Definition

The industry consists of registered training organisations (RTOs) that offer technical and vocational education and training. RTOs include TAFE institutes, dual-sector institutions and other private and community providers.

Main 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

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

The industry receives federal and state government funding. Government funding affects the availability of student places and enrolment costs for students...
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Public funding for tertiary education
Number of vocational students
Trade-weighted index
National unemployment rate

Current Performance

Private providers
Student enrolments
 Chart: Revenue Growth

Industry Outlook

Government funding and reforms
Student enrolments
 Table: Technical and Vocational Education and Training in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Technical and Vocational Education and Training in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Consumers in Australia






Key Selling Industries

Printing in Australia
Computer and Computer Peripheral Wholesaling in Australia
Telecommunications and Other Electrical Goods Wholesaling in Australia
Book and Magazine Wholesaling in Australia
Paper Product Wholesaling in Australia
Central Government Administration in Australia
State Government Administration in Australia

Products & Services

Courses offered by providers in the Technical and Vocational Education and Training industry can be segmented by the qualification they offer. These quali...
Students aged 45 and over
Students aged between 15 and 24




Demand Determinants

A range of factors influence demand for technical and vocation education and training, such as government funding, the value of the Australian dollar, cou...
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Major Markets

Students aged 45 and over
Students aged between 15 and 24





 Chart: Major Market Segmentation for the Technical and Vocational Education and Training in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Technical and Vocational Education and Training industry exhibits moderate market share concentration. The industry's largest players are owned and op...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Technical and Vocational Education and Training in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Technical and Vocational Education and Training in Australia - Market Research Report Industry

Industry Globalization

The Department of Education and Training (DET) Victoria is the government agency responsible for managing TAFE institutions across the state. The Victoria...
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Department of Education and Training Victoria

 Table: Department of Education and Training Victoria - financial performance

TAFE NSW

 Table: TAFE NSW - financial performance

TAFE Queensland

 Table: TAFE Queensland - financial performance

Capital Intensity

The Technical and Vocational Education and Training industry displays low capital intensity. An estimated $11.73 is expected to be spent on wages for ever...
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 Chart: Level of Capital Intensity for the Technical and Vocational Education and Training in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Technical and Vocational Education and Training in Australia Industry

Industry Revenue (2008-2026)
Industry Gross Product (2008-2026)
Establishments (2008-2026)
Businesses (2008-2026)
Employment (2008-2026)
Exports (2008-2026)
Imports (2008-2026)
Wages (2008-2026)
Domestic Demand (2008-2026)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

AUSTRALIAN QUALIFICATIONS FRAMEWORK (AQF)

NATIONAL CENTRE FOR VOCATIONAL EDUCATION RESEARCH

TAFE

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

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