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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

The Technical & Vocational Education market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Learndirect Limited Learndirect Limited market share
Industry Statistics & Market Size
Revenue
£3bn
Annual Growth 12-17
2.1%
Annual Growth 17-22
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Profit
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Employment
64,961
Businesses
2,910
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 Investment Chapter

Comparing industry labour and capital costs suggests that the industry has a moderate level of capital intensity. Industry training involves a high level of labour input, as teaching in vocational subjects usually involves a higher teacher-to-student ratio than university courses. Wages are estimated to account for approximately 64.7% of industry revenue in 2016-17. The introduction of computer and internet-based training may limit increases in labour costs to some extent, but face-to-face teaching is expected to remain a central component of further education and skills training.

Vocational and technical training requires a much higher level of capital than other educational industries, with depreciation estimated to account for 12.2% of industry revenue. Tec.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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


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