Technical and Vocational Education and Training in Australia - Industry Market Research Report

Technical and Vocational Education and Training in Australia

Regulations in the Technical and Vocational Education and Training industry are frequently changing. In January 2017, the Federal Government introduced the VET Student Loans scheme. This scheme has raised provider standards, but has also reduced the number of eligible courses, which has constrained revenue growth. Industry revenue is expected to rise at an annualised 3.4% over the five years through 2022-23, to $12.2 billion. This trend includes an anticipated rise of 4.5% in the 2022-23 financial year – the first full year since Australia's borders reopened in February 2022.

The industry consists of registered training organisations (RTOs) that offer technical and vocational education and training. RTOs include TAFE institutes, dual-sector institutions and other private and community providers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."