Art and Non-Vocational Education in New Zealand - Industry Market Research Report
Description
Art and Non-Vocational Education in New Zealand
The industry's performance largely depends on New Zealand's economy and the amount of discretionary income people are willing to spend, in addition to consumer sentiment and business confidence. Industry revenue is expected to decrease at an annualised 0.2% over the five years through 2022-23, to $1.2 billion. This trend is largely due to declining demand over the two years through 2021-22, resulting from restrictions on migration and COVID-19 pandemic effects. However, rebounding consumer sentiment and business confidence are anticipated to limit revenue declines in 2022-23. Revenue is expected to decline by 0.4% in 2022-23.
Industry operators primarily provide non-school and non-tertiary education services, including arts education, language schools, driving and flying schools, tutoring and a range of community education services as part of the Adult and Community Education sector. The industry excludes pre-schools, kindergartens, schools, higher education institutions, technical and further education colleges, and sports instructors.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
The industry's performance largely depends on New Zealand's economy and the amount of discretionary income people are willing to spend, in addition to consumer sentiment and business confidence. Industry revenue is expected to decrease at an annualised 0.2% over the five years through 2022-23, to $1.2 billion. This trend is largely due to declining demand over the two years through 2021-22, resulting from restrictions on migration and COVID-19 pandemic effects. However, rebounding consumer sentiment and business confidence are anticipated to limit revenue declines in 2022-23. Revenue is expected to decline by 0.4% in 2022-23.
Industry operators primarily provide non-school and non-tertiary education services, including arts education, language schools, driving and flying schools, tutoring and a range of community education services as part of the Adult and Community Education sector. The industry excludes pre-schools, kindergartens, schools, higher education institutions, technical and further education colleges, and sports instructors.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
39 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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