Hit the books: A growing number of students arriving from expanding economies will boost revenue

The Colleges and Universities industry in Canada, which includes public and private postsecondary institutions that grant academic certificates and degrees, has experienced moderate growth over the past five years, despite the declining role of government funding in industry operations. During the five-year period, tight government budgets have constrained provincial and federal funding for postsecondary education, causing certain institutions to implement hiring and salary freezes to reduce operating expenses. Moving forward, the industry is expected to continue growing as demand for higher education remains strong. Government funding for industry institutions is also forecast to recover over coming years as the overall Canadian economy improves...read more.

Industry Statistics & Market Size
Revenue
$39bn
Annual Growth 13-18
0.9%
Forecast Growth 18-23
Profit
Employment
303,392
Businesses
231

Industry Threats & Opportunities

  • Tight government budgets have constrained provincial and federal funding for postsecondary education
  • Institutions experienced volatile profit margins due to fluctuations in funding from government entities
  • Government budgets, both federal and provincial, significantly affect industry growth
  • Industry Report - Industry Products Chapter

    Accredited certificates, associate degrees, undergraduate degrees and postgraduate degrees are the major products offered by institutions in this industry. An important distinction exists between universities and colleges in Canada. Colleges offer a variety of one-to-three-year programs, through which students earn certificates, associate degrees and sometimes bachelors' and applied degrees in areas of particular specialization. Conversely, universities are institutions that primarily grant bachelors' degrees, which typically take upward of three years to complete. Additionally, universities offer advanced or professional degrees in fields such as law or medicine...purchase to read more.

    Additional Insights for the Colleges & Universities Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Colleges & Universities Industry are

  • Experienced Professors
  • Ability to take advantage of government subsidies and other grants
  • Ability to respond to students' needs
  • IBISWorld analysts also discuss how external factors such as Government expenditure and investment and Number of adults aged 20 to 64 in the Colleges & Universities industry impact industry performance..

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    What's in this report

    What is the Colleges & Universities Industry?

    This industry provides public and private postsecondary education services. Industry institutions grant certificates, as well as associate, baccalaureate and graduate degrees. This industry does not include for-profit institutions.

    Industry Products
  • Bachelor's degree
  • Master's degree
  • Doctorate degree
  • College certificate and associate degree
  • Industry Activities
  • Providing postsecondary education
  • Providing higher education at colleges and universities
  • Providing higher education at theological seminaries offering baccalaureate or graduate degrees
  • Providing higher education at professional schools (e.g. business administration, dental, law and medical)
  • Providing higher education at college level military academies
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Government expenditure and investment
  • Number of adults aged 20 to 64
  • Per capita disposable income
  • Corporate profit
  • National unemployment rate
  • Research and development expenditure

  • Current Performance
  • Government funding
  • Tuition fees
  • Profit
  • International students
  • Chart: Revenue Growth

  • Industry Outlook
  • Healthier government
  • Tuition fee increases
  • International students
  • Industry landscape
  • Table: Colleges & Universities Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Colleges & Universities Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Information In Canada
  • Professional, Scientific and Technical Services In Canada
  • Consumers in Canada

  • Key Selling Industries
  • Book Publishing in Canada
  • Caterers in Canada
  • Computer Manufacturing in Canada
  • Janitorial Services in Canada
  • Laboratory Supply Wholesaling in Canada

  • Products & Services
  • Bachelor's degree
  • College certificate and associate degree
  • Master's degree
  • Doctorate degree
  • Chart: Colleges & Universities Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Provincial government funding
  • Tuition fees
  • Other
  • Federal government funding
  • Investment income
  • Chart: Major Market Segmentation for the Colleges & Universities Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Rent and utilities
  • Purchases
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Colleges & Universities

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Colleges & Universities Industry

  • Industry Globalization
    The University of Toronto, University of British Columbia,
  • Table: The University of Toronto - financial performance
  • Table: University of British Columbia - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Colleges & Universities Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Colleges & Universities Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Government expenditure and investment (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Colleges
  • In Canadian English, the term college refers to a technical, applied arts or applied science school, which has the ability to grant certificates, diplomas, associate degrees and bachelors' degrees.
  • Endowment
  • Endowments represent donations, investments and other financial assets managed by universities or colleges.
  • Massive Open Online Courses (Moocs)
  • Online courses aimed at unlimited participation and open access via the internet.
  • What Our Customers Say

    Why buy this report?

    The Colleges & Universities market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Colleges & Universities:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Colleges & Universities market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Colleges & Universities, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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