Crammed: An influx of private operators has increased competition in the industry

Regulations in the Technical and Vocational Education and Training industry are constantly changing. Student numbers and industry revenue surged with the implementation of the VET FEE-HELP scheme in 2009 and the National Partnership Agreement in 2012. The increase in government funding reduced the financial barrier for accessing vocational education for students and increased the number of private vocational education providers entering the market. However, course quality concerns and budgetary constraints resulted in changes to funding for the industry, including the implementation of the VET Student Loans scheme as of 1 January 2017. Industry revenue is expected to rise at an annualised 3.5% over the five years through 2017-18, to reach $11.6 billion, including a rise of 0.3%...read more.

Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 13-18
3.5%
Forecast Growth 18-23
Profit
Employment
64,237
Businesses
4,919

Industry Threats & Opportunities

  • The student loan scheme introduced in 2017 may have short-term effects on enrolments and revenue
  • The introduction of VET FEE-HELP led to a spike in the number of student enrolments
  • A competitive job market is likely to encourage people to enrol in tertiary education
  • Industry Report - Industry Locations Chapter

    The geographic spread of enterprises in the industry largely follows the distribution of the population and other educational institutions. According to the ABS, approximately 81.3% of enterprises are situated along Australia's eastern seaboard, in the states of New South Wales, Victoria and Queensland. Each of these states is slightly overrepresented by industry enterprises compared with their shares of the population. The remaining states and territories (except for the Australian Capital Territory) have a smaller share of VET providers than their respective shares of the population. Further education providers are mostly located in urban areas, which increases their exposure to student markets. Pub...purchase to read more.

    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

  • Must comply with government regulations
  • Production of goods currently favoured by the market
  • Ability to alter goods and services produced in favour of market 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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    What's in this report

    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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
  • Private providers
  • Government funding and reform
  • 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

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

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

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

  • Industry Globalization
    Technical and Further Education Commission, Department of Education and Training Victoria, TAFE Queensland,
  • Table: Technical and Further Education Commission - financial performance
  • Table: Department of Education and Training Victoria - financial performance
  • Table: TAFE Queensland - financial performance

  • 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
    Table: Industry Data for the Technical and Vocational 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
    Australian Qualifications Framework (Aqf)
  • The Australian Qualifications Framework is the national policy that underpins the system of regulated qualifications for schools, vocational education and training and higher education in Australia.
  • 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Technical and Vocational Education and Training market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
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    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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