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Technical & Vocational Education in the UK: Market Research Report

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

Technical & Vocational Education Market Research Report | SIC P85.410 | Jan 2017

Learning to succeed: Revenue is set to steadily increase after a period of volatility

IBISWorld’s Technical & Vocational Education 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.

Report Snapshot
Market Share of Companies
Learndirect Limited Learndirect Limited market share
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
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Industry Threats & Opportunities
  • The skills shortage has resulted in a focus on vocational training from the government
  • The government has provided more funding for training in areas with the worst skills shortages
  • Britain's exit from the European Union could widen the skills gap and thereby boost demand
  • ... purchase to read more

Industry Analysis & Industry Trends

Over the past five years, the Technical and Vocational Education industry has faced a number of challenges, as various events have significantly changed its operating landscape. Government cutbacks following the economic downturn led to a drop in training four times greater than any other European country, according to the Institute for Public Policy Research. Furthermore, the growing internet-based economy in the United Kingdom and the strong recovery of construction markets have created a serious shortage of skills within the UK workforce. This skills shortage has resulted in a renewed focus on vocational training from the government and has fuelled demand for courses specialising in new skill sets.

A number of policy changes have aided development in the industry... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Technical and Vocational Education industry has a low level of market share concentration. The top four operators in the industry are estimated to have a combined market share of 10.2% in 2016-17. This is partially reflective of the devolved structure of education in the United Kingdom. The government departments in England, Scotland, Northern Ireland and Wales are each responsible for providing education services in their respective jurisdictions and have developed their own systems to fund and regulate technical and vocational education. The industry has become more fragmented over the past five years. In the academic year through 2013-14, new legislation was introduced in England increasing the age at which people must remain in education from 16 to 17. Fur.. purchase to read more

Additional Insights for the Technical & Vocational Education Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Technical & Vocational Education Industry are

  • Qualified work force
  • Ability to vary services to suit different needs
  • Accessibility to consumers/users
  • IBISWorld analysts also discuss how external factors such as Participation of 16-18 year olds in full-time education and Demand from universities in the Technical & Vocational Education industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Technical & Vocational Education Industry?

    Operators in this industry provide courses and apprenticeships at post-secondary non-tertiary levels. These courses are typically offered through further education institutions, sixth-form colleges, secondary schools and other specialist colleges. Operators also work closely with individual employers to offer on-the-job traineeships. The industry does not include education for recreational purposes.

    Industry Products
    Preparation for life and work coursesHealth, public services and care coursesArts, media and publishing coursesLanguage, literature and culture coursesRetail and commercial enterprise coursesBusiness administration, finance and law coursesInformation and communication technology courses
    Industry Activities
    Providing vocational trainingProviding apprenticeshipsTeaching NVQ and BTEC qualifications

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Participation of 16-18 year olds in full-time education
  • Demand from universities
  • Population aged 16 to 25 years
  • Public-sector funding for higher level education
  • National unemployment rate
  • Current Performance
  • Skills shortage
  • Policy and legislation
  • Employment trends
  • Chart: Revenue Growth
  • Industry Outlook
  • Changes to funding
  • Education versus employment
  • Further fragmentation
  • Table: Technical & Vocational Education Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Technical & Vocational Education Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Consumers
  • Key Selling Industries
  • Book Publishing
  • Computer & Peripheral Equipment Wholesaling
  • General Building Cleaning
  • Paper Stationery Manufacturing
  • Products & Services
  • Preparation for life and work courses
  • Other
  • Health, public services and care courses
  • Arts, media and publishing courses
  • Language, literature and culture courses
  • Retail and commercial enterprise courses
  • Business administration, finance and law courses
  • Information and communication technology courses
  • Chart: Technical & Vocational Education Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Students aged between 19 and 24
  • Students aged under 19
  • Students aged between 25 and 49
  • Students aged 50 and over
  • Chart: Major Market Segmentation for the Technical & Vocational Education Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Depreciation
  • Purchases
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Technical & Vocational Education
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Technical & Vocational Education Industry
  • Industry Globalization
    Major Companies
    Learndirect Limited
  • Table: Learndirect Limited - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Technical & Vocational Education Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Technical & Vocational Education Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Blended Learning
  • A combination of both online and traditional face-to-face instruction.
  • Distance Education
  • Education delivered to students who are not physically present in a traditional classroom or campus.
  • National Vocational Qualification (Nvq)
  • Work-based awards awarded across the United Kingdom.
  • Technical Baccalaureate
  • Educational qualification awarded to students who take an approved technical level qualification, a Level 3 maths qualification or an extended project.
  • University Technical College
  • An educational institution for 14- to 19-year-olds that is partnered with a university, which helps direct the curriculum and support the students.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Technical & Vocational Education:
    • 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 & Vocational Education 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 & Vocational Education, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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