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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
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 Analysis Chapter

The Technical and Vocational Education industry has been relatively volatile over the past five years as external economic conditions, governmental changes to the educational funding structure and educational legislation have affected performance. Public-sector cuts adversely affected the industry, as most industry operators are not-for-profit organisations that rely on government funding. For example, funding for adult education was cut by approximately 24% in the academic year through 2015-16; this coincided with a decline in industry revenue of 1.2% through 2015-16. However, high unemployment in the wake of the economic downturn encouraged many to enter training to improve their competitiveness in the UK job market. This helped contribute to high revenue growth of 10.3% in 2012-13. As .. 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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