
Preschool Education in Australia - Industry Market Research Report
Description
Preschool Education in Australia - Industry Market Research Report
Preschool Education in Australia
Despite challenging operating conditions after the COVID-19 outbreak, the Preschool Education industry has been improving its performance. While the pandemic meant that many parents were keeping their children at home, many continued to pay fees to retain their spots at preschools, maintaining industry performance. The Federal Government has been providing more funding to states and territories for providing preschool services, which has been elevating revenue. The National Quality Framework (NQF) has also been changing participation in the industry; changes to staff-to-student ratios and qualification requirements have meant that preschools have had to hire more staff, elevating employment numbers. A growing number of women in the labour force has also fuelled demand conditions, since more parents are needing to seek out preschool services. Revenue is expected to climb at an annualised 2.7% to $3.6 billion over the five years through 2022-23. This trend includes a slight anticipated rise of 0.5% in the current year, since a drop in real household discretionary incomes is limiting revenue growth.
Industry participants primarily provide accredited pre-primary education. Preschool programs are designed to introduce children to the ideas, attitudes and behaviour required in a school environment. Preschool education is generally aimed at children aged three to five, and is provided by staff that have training in an educational field. Governments, community organisations or the private sector may operate preschools.
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
63 Pages
- 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
Pricing
Currency Rates
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