The Preschool Education industry is currently the target of Federal Government reform. Federal Government funding for the industry has increased over the past five years as a result, boosting industry revenue significantly over the period. IBISWorld forecasts that industry revenue will increase at an annualised 14.4% over the five years through 2014-15, to $2.0 billion.
The Coalition of Australian Governments (COAG) introduced a National Quality Framework in December 2009 to standardise and increase the quality of preschool and childcare services.
Industry participants are primarily engaged in providing 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 directed at children aged three to five years, and is provided by staff that have training in an educational field. Preschools may be operated by governments, community organisations or the private sector.
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.