Give it up: Rising government funding has boosted revenue over the past five years

The Personal Welfare Services industry provides community and welfare services to disadvantaged individuals, including children and the aged. Many individuals that use the industry's services have long-term disabilities or are experiencing economic hardship. Welfare services include those designed to assist the frail and disabled within community settings, thereby circumventing the need for institutional care. The industry also provides early intervention, prevention and counselling services. Most industry operators are small, non-profit social service organisations that rely on government funding and volunteers.Welfare providers in Australia have benefited from high levels of government funding over the past decade, as spending on welfare has grown significantly...read more.

Industry Statistics & Market Size
Revenue
$14bn
Annual Growth 13-18
6.5%
Forecast Growth 18-23
Profit
Employment
187,005
Businesses
3,004
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Small, non-profit firms that rely on government funding and volunteers dominate the industry
  • Governments have increased welfare funding in response to higher demand for industry services
  • Senior citizens and long-term unemployed people will continue to demand industry services
  • Industry Report - Industry Investment Chapter

    Industry services require personal attention by professional welfare workers that do not rely significantly on physical assets to deliver these services. The need for one-on-one interaction with the client is reflected in the industry’s strong reliance on labour and its associated high wage bill. In addition, many services are delivered in the community or in the client’s home, rather than in institutions, thereby reducing the level of capital needed to deliver services. This is reflected in the relatively low level of industry depreciation expenses. The industry is therefore expected to have a high level of labour intensity and a low level of capital intensity. In 2017-18, the industry is expected to spend an estimated $0.07 on capital expenses for every dollar spent on labour...purchase to read more.

    Additional Insights for the Personal Welfare Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Personal Welfare Services Industry are

  • Ability to raise revenue from additional sources
  • Must comply with government regulations
  • Having an effective performance monitoring system
  • IBISWorld analysts also discuss how external factors such as Level of social assistance and Population aged 50 and older in the Personal Welfare Services industry impact industry performance..

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    What's in this report

    What is the Personal Welfare Services Industry?

    The Personal Welfare Services industry provides social support services directly to clients. These include adoption services, aged-care assistance, disabilities assistance, youth welfare and welfare counselling services. Such services do not include accommodation services, except on a short-stay basis.

    Industry Products
  • Advocacy and counselling services
  • Aged-care assistance
  • Disability assistance
  • Other services
  • Youth welfare services
  • Industry Activities
  • Adoption services
  • Adult day-care centre operation
  • Alcoholics Anonymous operation
  • Disabilities assistance services
  • Marriage guidance services
  • soup kitchens
  • Welfare counselling
  • Youth welfare services
  • Aged-care assistance services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Level of social assistance
  • Population aged 50 and older
  • National unemployment rate
  • Real household disposable income
  • Number of divorces

  • Current Performance
  • Demand and provision trends
  • Government funding and policies
  • Chart: Revenue Growth

  • Industry Outlook
  • Government funding
  • Private donations and bequests
  • Table: Personal Welfare Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Personal Welfare Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Commercial Cleaning Services
  • Employment Placement and Recruitment Services
  • Real Estate Services
  • Religious Services

  • Products & Services
  • Aged-care assistance
  • Disability assistance
  • Other services
  • Advocacy and counselling services
  • Youth welfare services
  • Chart: Personal Welfare Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 65 and over
  • Children, youths and family
  • People with a disability
  • Other welfare recipients
  • Chart: Major Market Segmentation for the Personal Welfare Services 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 Personal Welfare Services

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Personal Welfare Services Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Personal Welfare Services 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 Personal Welfare Services 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
    Chsp
  • Commonwealth Home Support Programme. Introduced in July 2015, it replaced previous home and community-based services programs for older people provided by state and federal governments.
  • Ndis
  • National Insurance Disability Scheme. The scheme provides coverage, long-term care, early intervention and advisory services for Australians with disabilities and their families and carers.
  • Underemployment
  • Where people are employed in jobs below their capacity or for reduced hours.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Personal Welfare Services 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 Personal Welfare Services:
    • 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 Personal Welfare Services 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 Personal Welfare Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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