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Global & Australia Vocational Training Market Analysis and Global Forecast (2021-2028) with COVID Impact Analysis

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Global & Australia Vocational Training Market by Type (Accredited, Non-Accredited), by Program Type (High School programs, Tech Prep Education, Postsecondary Vocational School, Apprenticeship Programs, On-the-job Training, Others), by RTO Types (Private RTOs, TAFE Institutes, Community RTOs, Schools, Enterprise RTOs, Universities), and by Geography:  Global trends, opportunities and forecast- 2020 to 2028

Report Code: EB_ICT_1250 | Page: 55 | Published Date: Jan 2021

Categories: Education and Training, Miscellaneous Tags: GLOBAL & AUSTRALIA VOCATIONAL TRAINING Companies, GLOBAL & AUSTRALIA VOCATIONAL TRAINING Industry, GLOBAL & AUSTRALIA VOCATIONAL TRAINING Market Analysis, GLOBAL & AUSTRALIA VOCATIONAL TRAINING Market Forecast, GLOBAL & AUSTRALIA VOCATIONAL TRAINING Market Growth, GLOBAL & AUSTRALIA VOCATIONAL TRAINING Market Restraints, GLOBAL & AUSTRALIA VOCATIONAL TRAINING Market Share, GLOBAL & AUSTRALIA VOCATIONAL TRAINING Market Size, GLOBAL & AUSTRALIA VOCATIONAL TRAINING Market Trends
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  • Description
  • Table of Content
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  • Research Methodology
Description

The Global & Australia Vocational Training is a program where a person receives the skills and knowledge required to do a job. In most cases, this training will be provided by a professional or employer at no charge. It can be completed in some different settings, including a specialist vocational school or a specific work environment. A vocational training program will depend on the needs of the student and it may not be a full-time job. This is a great way to get a foot in the door of a business and a great way to get a part-time job. It can also help millennials get started on having a successful career path.

Parameters Indicators
Market Size (2019) $ 63,166.8 Million
CAGR (2021 to 2028) 6.59%
Market Classification Type, Program Type, RTO Types
Key Companies Profiled Technical And Further Education (Tafe), Upskilled, Trainsmart Australia, Australian College Of Commerce And Management, Fms Training, Australis College Pty Ltd, Eynesbury College, Adelaide Institute Of Business And Technology, AHTS Training & Education, Skills Australia Institute
Key Countries/Regions Analyzed US, Canada, Mexico, UK, Germany, France, Italy, Rest of Europe, China, India, Japan, South Korea, Rest of Asia Pacific, Middle East & Africa, and South America
Base Year 2019
Estimated Year 2020
Forecast Years 2021 to 2027

Driving Factors

The factors driving the growth of the global & Australian Vocational Training market include a shift in the education sector, government support for skill development, and the rising demand for skilled manpower.

The Shift in Education Sector

The COVID19 pandemic is causing major seismic changes in the education industry. The internet and online classes are now becoming more and more popular than ever before as schools and universities all over the world begin to close due to this widespread outbreak. Higher education has taken a dramatic change as business leaders come up with new ways for their companies to provide training that can be accessed both inside and outside of the workplace.

According to data published by the World Economic Forum, there has been a sharp increase and demand for online education already. This rise can also be attributed to COVID19 and the global pandemic affecting people of all ages. There has been an increase in investment around online education with 18.66 billion dollars alone invested in 2019 alone as e-learning and vocational training continues to take off as a result of such innovation. With this outbreak comes a certain level of vulnerability as well.

Restraining factors

The major factor restraining the growth of the global & Australian Vocational Training market includes the demand for specific skill sets that is prone to change over time.

Key Insight in the report:

The Global & Australia Vocational Training market report covers Executive Summary, Market Dynamics, Trend Analysis, Market Size and Forecast, Competitive Intelligence, Market Positioning, Product Benchmarking, and Opportunity Analysis.

The report covers extensive competitive intelligence which includes the following data points:

  • Business Overview
  • Business Model
  • Financial Data
  • Financial – Existing
  • Financial – Funding
  • Product Segment Analysis and specification
  • Recent Development and Company Strategy Analysis
  • SWOT Analysis

Global & Australia Vocational Training Market Segmentation

The report covers market sizing and forecasting at the country level as well as at the segment level. Global & Australia Vocational Training Market is analyzed across the below-mentioned different segments:

By Type

  • Accredited
  • Non-Accredited

By Program Types

●        High School programs

●        Tech Prep Education

●        Postsecondary Vocational School

●        Apprenticeship Programs

●        On-the-job Training

  • Others

By RTO Types

  • Private RTOs
  • TAFE Institutes
  • Community RTOs
  • Schools
  • Enterprise RTOs
  • Universities

Regional analysis

North America is expected to be the fastest-growing region for vocational training over the forecasted period, as a result of a high number of trade schools and an increase in awareness about the skill gaps due to a lack of adequate workers with vocational skills required by employers. This, in turn, has led to an increase in investment from various public and private sector sources into trade schools from sectors such as automotive to plumbing thus increasing investment into specialized training. In the Asia Pacific, positive growth is expected as employers need increased skill development for office/industrial workers as well as students to undertake vocational courses that will help them build up their core competencies. A high number of institutions are raising investments into this sector which will then boost the demand for more skilled candidates for upcoming jobs.

Australia is expected to grow at the largest pace in the vocational training market due to the increase in large-scale mining and construction projects. Because of the importance of an efficient and skilled workforce, the importance of vocational training is rapidly growing and will continue its growth in the next five years.

The Global & Australia Vocational Training Market is analyzed across the below mentioned region.

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia Pacific
  • Australia
  • Rest of the World

Global & Australia Vocational Training Market Ecosystem Players:

Some of the key ecosystem players in of Global & Australia Vocational Training Market include:

  • Technical And Further Education (TAFE)
  • Upskilled
  • Train smart Australia
  • Australian College of Commerce and Management
  • FMS Training
  • Australis College Pty Ltd
  • Eynesbury College
  • Adelaide Institute of Business and Technology
  • AHTS Training & Education
  • Skills Australia Institute

REPORT CONTENT BRIEF:

  • High-level analysis of the current and future market trends and opportunities
  • Detailed analysis on current market drivers, restraining factors, and opportunities in the future
  • Global & Australia Vocational Training market historical market size for the year 2020, and forecast from 2021 to 2027
  • Global & Australia Vocational Training market share analysis at each product level
  • Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
  • Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.

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    Table of Content

    Table of Content

    CHAPTER 1.          EXECUTIVE SUMMARY

    CHAPTER 2.          SCOPE OF THE STUDY

    2.1.    Market Definition

    2.2.    Scope of The Study

    2.2.1. OBJECTIVE OF REPORT

    CHAPTER 3.          EVOLVE BI METHODOLOGY

    3.1.    Data Collection & Validation Approach

    3.2.    MArket size estimation and forecast

    CHAPTER 4.          MARKET INSIGHTS AND TRENDS

    4.1.    Value Chain Analysis

    4.1.1. Demand of VET

    4.1.2. VET Provision

    4.1.3. VET Outcomes

    4.2.    Porter’s Five Forces Analysis

    4.2.1. Bargaining Power of Buyers

    4.2.2. Bargaining power of Suppliers

    4.2.3. Threat of New Entrant

    4.2.4. Threat of Substitute

    4.2.5. Industry Rivalry

    4.3.    Impact of COVID19 on Vocational Training Market

    4.3.1. Impact on Market Size

    4.3.2. End User Trend, Preferences and Budget Impact

    4.3.3. Regulatory Framework/Government Policies

    4.3.4. Key Players Strategy to Tackle Negative Impact

    4.3.5. Opportunity Window

    4.3.5.1.       EdTech Firms Grow in Popularity

    CHAPTER 5.          MARKET DYNAMICS

    5.1.    Introduction

    5.2.    Drivers

    5.2.1. The Shift in Education Sector

    5.2.2. Rising Demand for Skilled Manpower

    5.2.3. Government support for skill development

    5.3.    Restraint

    5.3.1. Change in the requirement of specific skill sets

    5.4.    Opportunity

    5.4.1. Revenue generation opportunities

    5.5.    Market Trends

    5.5.1. New funding models and cost-shifting approaches

    5.5.2. The international vocational training market is moving offshore

    CHAPTER 6.          AUSTRALIA VOCATIONAL TRAINING MARKET, BY TYPE

    6.1.    Introduction

    6.1.1. Accredited

    6.1.2. Non-Accredited

    CHAPTER 7.          AUSTRALIA VOCATIONAL TRAINING MARKET, BY PROGRAM TYPE

    7.1.    Introduction

    7.1.1. High School programs

    7.1.2. Tech Prep Education

    7.1.3. Postsecondary Vocational School

    7.1.4. Apprenticeship Programs

    7.1.5. On-the-job Training

    7.1.6. Others

    CHAPTER 8.          AUSTRALIA VOCATIONAL TRAINING MARKET, BY RTO TYPES

    8.1.    Introduction

    8.1.1. Private RTOs

    8.1.2. TAFE Institutes

    8.1.3. Community RTOs

    8.1.4. Schools

    8.1.5. Enterprise RTOs

    8.1.6. Universities

    CHAPTER 9.          GLOBAL VOCATIONAL TRAINING MARKET ANALYSIS

    9.1.    Introduction

    9.1.1. Global: Market Size and Forecast, By Type, 2019 – 2027 ($ Million)

    9.1.2. GLOBAL: Market Size and Forecast, By Program Type, 2019 – 2027 ($ Million)

    CHAPTER 10.        COMPETITIVE LANDSCAPE

    10.1.  Australia Vocational Training Market Share analysis

    CHAPTER 11.        COMPANY PROFILES

    11.1.  TECHNICAL AND FURTHER EDUCATION (TAFE)

    11.1.1.        Business Overview

    11.1.2.        Financial Information

    11.1.3.        Product Portfolio

    11.1.4.        Recent Development and Strategies Adopted

    11.1.5.        SWOT Analysis

    11.2.  UPSKILLED

    11.2.1.        Business Overview

    11.2.2.        Product Portfolio

    11.2.3.        Recent Development and Strategies Adopted

    11.2.4.        SWOT Analysis

    11.3.  TRAINSMART AUSTRALIA

    11.3.1.        Business Overview

    11.3.2.        Product Portfolio

    11.3.3.        Recent Development and Strategies Adopted

    11.4.  AUSTRALIAN COLLEGE OF COMMERCE AND MANAGEMENT

    11.4.1.        Business Overview

    11.4.2.        Product Portfolio

    11.4.3.        Recent Development and Strategies Adopted

    11.4.4.        SWOT Analysis

    11.5.  FMS TRAINING

    11.5.1.        Business Overview

    11.5.2.        Product Portfolio

    11.6.  AUSTRALIS COLLEGE PTY LTD

    11.6.1.        Business Overview

    11.6.2.        Product Portfolio

    11.6.3.        Recent Development and Strategies Adopted

    11.6.4.        SWOT Analysis

    11.7.  EYNESBURY COLLEGE

    11.7.1.        Business Overview

    11.7.2.        Product Portfolio

    11.7.3.        Recent Development and Strategies Adopted

    11.8.  ADELAIDE INSTITUTE OF BUSINESS AND TECHNOLOGY

    11.8.1.        Business Overview

    11.8.2.        Product Portfolio

    11.8.3.        Recent Development and Strategies Adopted

    11.9.  AHTS TRAINING & EDUCATION

    11.9.1.        Business Overview

    11.9.2.        Product Portfolio

    11.9.3.        Recent Development and Strategies Adopted

    11.9.4.        SWOT Analysis

    11.10.         SKILLS AUSTRALIA INSTITUTE

    11.10.1.      Business Overview

    11.10.2.      Product Portfolio

    11.10.3.      Strategies Adopted

     

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