The Art and Non-Vocational Education industry is highly fragmented, offering a variety of educational services to a diverse market comprising individuals and corporations. Although the various segments exhibit differing trends, due in part to shifting fads and preferences, the industry's fortunes are generally tied to economic conditions. The industry's reliance on business customers, the exchange rate and the level of household discretionary income exposes it to some revenue volatility.
Following the global financial crisis, business confidence levels fell significantly, leading to weaker demand from corporate clients.
Companies in this industry offer a range of education and training services. Industry operators include tutoring services, English Language Intensive Courses for Overseas Students (ELICOS) providers, driving schools and performing arts colleges. The industry excludes pre-schools, kindergartens, schools, higher education institutions, technical and further education (TAFE) colleges and sports instructors.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.
