Slow growth: Rising international student enrolments have supported industry revenue

Operators in the Technical and Vocational Education and Training industry have endured multiple challenges over the past five years. Revenue derived from domestic student fees has declined over the period due to falling domestic enrolments. Falling enrolments have also reduced government funding linked to the number of students enrolled. The lack of funding has forced some industry operators to merge to remain viable. However, the depreciation of the New Zealand dollar over the past five years has boosted international student enrolments, supporting industry revenue. Industry revenue is expected to rise at an annualised 0.1% over the five years through 2019-20. This slow growth is largely due to the annual maximum fee movements imposed by the government...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 15-20
0.1%
Forecast Growth 20-25
Profit
Employment
4,640
Businesses
16

Industry Threats & Opportunities

  • Strong economic conditions have allowed people to obtain employment without tertiary education
  • Difficult conditions have caused some industry players to merge, reducing enterprise numbers
  • The fees-free study scheme is anticipated to increase demand from domestic students
  • Industry Report - Industry Products Chapter

    The Technical and Vocational Education and Training industry provides qualifications to students. The industry's products and services can be segmented by qualification level, as regulated by the New Zealand Qualifications Framework (NZQF). These qualifications include certificates 1 to 7, diplomas, bachelor's degrees and other post-schooling education qualifications.Certificate level 1A level 1 certificate is the lowest tertiary education qualification available under the NZQF. This level certificate qualifies individuals with basic knowledge and skills for work and further education. A graduate of a level 1 certificate is able to apply basic skills required to carry out simple tasks and apply basic solutions to simple problems. Thi...purchase to read more.

    Additional Insights for the Technical and Vocational Education and Training Industry

    IBISWorld has determined the most important Key Success Factors for the Technical and Vocational Education and Training are:

  • Having contacts within key markets
  • Access to highly skilled workforce
  • Market research and understanding
  • IBISWorld analysts also discuss how external factors such as Public funding for tertiary education and Population aged between 15 and 45 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 in New Zealand Industry?

    Industry operators primarily provide technical and vocational education and training. The industry includes institutes of technology and polytechnics, as defined by the New Zealand Qualifications Authority. The industry excludes private and government training establishments that offer technical or vocational courses.

    Industry Products
  • Certificate level 1
  • Certificate level 2
  • Certificate level 3
  • Certificate level 4
  • Certificates and diplomas levels 5 to 7
  • Other qualifications
  • Industry Activities
  • Apprenticeship training program operation
  • Business college and school operation
  • Institute of technology operation
  • Technical and further education college operation
  • Vocational 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
  • Population aged between 15 and 45
  • National unemployment rate
  • Trade-weighted index

  • Current Performance
  • Qualification regulations
  • Student numbers
  • Policy and fees
  • Consolidation
  • Chart: Revenue Growth

  • Industry Outlook
  • Minimal fee increases
  • Enrolment trends
  • Funding reliance
  • 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 in New Zealand

  • Key Selling Industries
  • Computer and Computer Peripheral Wholesaling in New Zealand
  • Internet Service Providers and Web Search Portals in New Zealand
  • Paper Product Wholesaling in New Zealand
  • Printing in New Zealand

  • Products & Services
  • Other qualifications
  • Certificate level 4
  • Certificates and diplomas levels 5 to 7
  • Certificate level 3
  • Certificate level 2
  • Certificate level 1
  • Chart: Technical and Vocational Education and Training Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Domestic students aged 15 to 24
  • Domestic students aged 25 to 39
  • Domestic students aged 40 and over
  • International students
  • 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
  • Internal competition
  • External competition

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

  • Industry Globalization
    Unitec Institute of Technology, Ara Institute of Canterbury, Manukau Institute of Technology, Toi Ohomai Institute of Technology,
  • Table: Unitec Institute of Technology - financial performance
  • Table: Ara Institute of Canterbury - financial performance
  • Table: Manukau Institute of Technology - financial performance
  • Table: Toi Ohomai Institute of Technology - 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 (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Industry Training Organisation (Ito)
  • These organisations coordinate structured training for employees, both on-job and off-job.
  • Institute Of Technology Or Polytechnics (Itp)
  • A government-owned education institution that delivers technical, vocational and professional education.
  • Private Training Establishment
  • A private organisation that provides education and training in specific areas.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Technical and Vocational Education and Training in New Zealand market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
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    This report on Technical and Vocational Education and Training in New Zealand:
    • 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 in New Zealand 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 in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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