Thirst for knowledge: Increased enrolment numbers have aided industry revenue growth

The University and Other Higher Education industry has undergone significant review and reform over the past five years. In 2012, the Federal Government introduced a demand-driven funding model for universities, prompting higher domestic student enrolments over the period. However, uncapping Commonwealth-supported places has significantly increased public expenditure on universities, creating budgetary pressures for the Federal Government. Changes to student visa requirements and a depreciating Australian dollar over the past five years have also strongly boosted international enrolments alongside domestic enrolments. Industry revenue is expected to expand at an annualised 2.9% over the five years through 2018-19, to $32.8 billion. This includes an expected rise of 4.1%...read more.

Industry Statistics & Market Size
Revenue
$33bn
Annual Growth 14-19
2.9%
Forecast Growth 19-24
Profit
Employment
133,133
Businesses
43

Industry Threats & Opportunities

  • Higher international and indigenous student enrolment numbers have aided industry expansion
  • The depreciation of the Australian dollar has boosted international enrolments over the period
  • Changes to government funding for bachelor's courses are forecast to constrain revenue growth
  • Industry Report - Starting a New Business Chapter

    Barriers to entry in the industry are high as a result of heavy regulation and significant infrastructure costs. Establishing a university involves investment in land, construction of buildings, student accommodation and facilities. There are high costs associated with the delivery of higher education services such as recruitment of qualified academic staff, development of course content and design and advertising. There are many regulatory hurdles to overcome, such as all institutions must be registered with the Tertiary Education Quality and Standards Agency to offer higher education services, and an institution must be registered with the Commonwealth Register of Institutions and Courses for Overseas Students to enrol overseas students. The...purchase to read more.

    Additional Insights for the University and Other Higher Education Industry

    IBISWorld has determined the most important Key Success Factors for the University and Other Higher Education are:

  • Use of specialist equipment or facilities
  • Market research and understanding
  • Ability to raise revenue from additional sources
  • IBISWorld analysts also discuss how external factors such as Population aged between 18 and 25 and Public funding for tertiary education in the University and Other Higher Education industry impact industry performance..

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    What's in this report

    What is the University and Other Higher Education Industry?

    The industry comprises accredited education providers mainly providing undergraduate and postgraduate teaching as defined under the Higher Education Support Act 2003.

    Industry Products
  • Bachelor's degrees
  • Other undergraduate programs
  • Master's degrees
  • Doctoral and other postgraduate degrees
  • Other education courses
  • Research
  • Industry Activities
  • Postgraduate school operation
  • Research school operation
  • Undergraduate school operation
  • University operation
  • 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 18 and 25
  • Public funding for tertiary education
  • Trade-weighted index
  • Secondary school retention rate

  • Current Performance
  • Policy developments
  • International developments
  • Massive Open

    Online Courses

  • Research developments
  • Enrolment trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Education reforms
  • Online courses
  • Enrolment trends
  • Table: University and Other Higher Education Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Scientific Research Services
  • Consumers

  • Key Selling Industries
  • Computer and Computer Peripheral Wholesaling
  • Newsagents and Book Retailers
  • Paper Product Wholesaling

  • Products & Services
  • Bachelor's degrees
  • Master's degrees
  • Doctoral and other postgraduate degrees
  • Research
  • Other undergraduate programs
  • Other education courses
  • Chart: University and Other Higher Education Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Domestic students
  • International students
  • Domestic students (low SES)
  • Research and consulting markets
  • Chart: Major Market Segmentation for the University and Other Higher Education 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 University and Other Higher Education

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

  • Industry Globalization
    University of Melbourne, Monash University, University of Sydney, University of New South Wales, University of Queensland,
  • Table: University of Melbourne - financial performance
  • Table: Monash University - financial performance
  • Table: University of Sydney - financial performance
  • Table: University of New South Wales - financial performance
  • Table: University of Queensland - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the University and Other Higher Education 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 University and Other Higher Education Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Fee-Help
  • An interest-free loan facility available to fee-paying undergraduate and postgraduate students in accredited coursework programs.
  • Hecs-Help
  • An interest-free loan available to eligible students enrolled in Commonwealth-supported places.
  • Os-Help
  • A government loan for people taking part in study overseas.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s University and Other Higher Education 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.

    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 University and Other Higher Education:
    • 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 University and Other Higher Education 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 University and Other Higher Education, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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