$144.8bn
$X.Xbn
805k
34,111
$XX.Xbn
The Education and Training division has changed significantly in the last five years. Tertiary education's demand-driven funding model, a new school funding system and policy initiatives to increase access to preschools have all swelled revenue across the division. Australia's population growth has heightened domestic demand for education and training, which has further aided division revenue. Government funding has consistently supported growth, while the pandemic has caused international student enrolments to fluctuate.The Federal Government introduced a demand-driven funding model for the University and Other Higher Education industry in 2012. This model significantly increased student enrolments and government funding in the intervening years. The VET FEE-HELP scheme has also supplemented enrolments in vocational education. Similarly, the National Partnership Agreement on Early Childhood Education has increased preschool enrolments.The division has also benefited from the Australian dollar depreciating over the past five years, which has encouraged enrolments from overseas students. However, foreign students' enrolments have suffered since March 2020 due to border closures, and they've only started recovering after borders reopened from February 2022. Overall, revenue has grown by 0.2% each year on average through the end of 2022-23, with a rise of just 0.1% in 2022-23, to $144.8 billion. The division is characterised by non-profit organisations, but operating surpluses have fallen to 6.4%.The Education and Training division will expand over the coming years, supported by strengthening government funding, and recovering discretionary incomes and consumer sentiment. Increased funding for schools from the Quality Schools package will also boost division revenue and lift enrolments in government schools. Increased funding for schools from the package will also boost division revenue, which is set to rise by an annualised 2.5% through the end of 2027-28, to $163.6 billion, and lift enrolments in government schools.
Industry revenue has grown at a CAGR of 0.2 % over the past five years, to reach an estimated $144.8bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 |
---|---|---|
NSW Department of Education | 22,300.0 | |
NSW Department of Education | 21,400.0 | |
VIC Department of Education | 16,400.0 |
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Industry revenue is measured across several distinct product and services lines, including Private schools, Government schools and Technical and vocational education and training. Private schools is the largest segment of the Education and Training in Australia.
New funding models are supporting government schools
The Education and Training division provides education services through preschools, primary and secondary schools, technical colleges, training centres and universities. These education providers may be publicly or privately owned and operated. Child care, animal training and student accommodation services are excluded from the division.
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ANZSIC P - Education and Training in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
New funding models are benefiting revenue overall. Government funding models based on student needs and population growth have augmented overall funding across the division.
Learn about an industry's products and services, markets and trends in international trade.
Border closures stopped new foreign student enrolments. Across private schools, VET courses, English language courses and universities, a key market for education shrank.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The eastern seaboard states are home to most educative institutions. New South Wales, Victoria and Queensland have about 80% of division enterprises.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Reputation is essential when differentiating oneself from the competition. Whether a high school, university or vocational training institution, the stature of an institution...
Learn about the performance of the top companies in the industry.
Strong funding for state education departments has driven robust growth in revenue across the division.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Rising government funding across the division will support revenue growth in public schools and pre-schools more than universities and private schools.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Wages are the largest expense, as the industry relies heavily on the labour of teachers. Wage costs have fallen as a share of revenue; online delivery has improved efficienci...
Including values and annual change:
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Key data sources in Australia include:
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The market size of the Education and Training industry in Australia is $144.8bn in 2024.
There are 34,111 businesses in the Education and Training industry in Australia, which has grown at a CAGR of 2.0 % between 2018 and 2023.
The market size of the Education and Training industry in Australia has been growing at a CAGR of 0.2 % between 2018 and 2023.
Over the next five years, the Education and Training industry in Australia is expected to grow.
The biggest companies operating in the Education and Training market in Australia are NSW Department of Education, NSW Department of Education and VIC Department of Education
Private schools and Government schools are part of the Education and Training industry.
The company holding the most market share in Australia is NSW Department of Education.
The level of competition is moderate and increasing in the Education and Training industry in Australia.