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

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Technical and Vocational Education and Training Market Research Report | ANZSIC P8101 | Oct 2016

Learning a lesson: Reduced federal funding is constraining industry revenue growth

IBISWorld’s Technical and Vocational Education and Training 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.

Report Snapshot
Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 12-17
1.3%
Annual Growth 17-22
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Profit
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Employment
61,449
Businesses
4,536
Industry Analysis & Industry Trends

The Technical and Vocational Education and Training industry is subject to continuous changes in regulation. In 2012, the Federal Government increased grants to the industry under the National Partnership Agreement, under the condition that the states and territory governments improve the outcomes of vocational and educational training (VET). The increased availability of VET loans and the inclusion of private registered training organisations (RTOs) in funding caused industry establishments to rise. More recently, concerns regarding the use of government funding by numerous private RTOs has led to the VET FEE-HELP scheme ending. Instead, VET Student Loans will come into effect in January 2017. Industry revenue is expected to increase at a compound annual rate of 1.3%... purchase to read more

Industry Report - Starting a New Business Chapter

The industry has moderate barriers to entry and this has remained steady over the past five years, despite fluctuations. In 2012, government policy made the industry more market-based. However, recent Federal Government initiatives have limited the amount of funding available to industry players, and also placed strict requirements on new entrants. Although industry concentration is low, operators still need to establish a strong reputation to attract students. Developing a good reputation can take time, and this can deter new entrants. Capital intensity in the industry is low, but significant investment is required initially to secure land, buildings and classroom equipment... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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 aboveCertificate IVCertificate IIICertificate IICertificate I
 
Industry Activities
Apprenticeship training program operationBusiness college and school operationInformation technology training centre operationInstitute of technology operationProfessional and management development trainingSecretarial trainingTechnical and further education college operationTechnical college operationVocational computer training


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