Tested performance: Despite rising enrolment, falling funding per student has limited growth

Operators in the Third-Level Education industry provide full- and part-time teaching and training that leads to both undergraduate and postgraduate qualifications. Universities, institutes of technology and colleges offer higher education, leading to qualifications such as bachelor's degrees, master's degrees and doctoral degrees. Demand for Irish universities has risen dramatically over the past five years, with student numbers reaching a record high of just below 250,000 in 2018, according to the Higher Education Authority. However, government funding for industry operators has not kept pace and universities' budgets have become stretched.Revenue has grown in every year since 2015, when it declined by 5.3% following a decrease in state funding. A...read more.

Industry Statistics & Market Size
Revenue
€2.6bn
Annual Growth 14-19
0.9%
Forecast Growth 19-24
Profit
Employment
26,181
Businesses
31
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • A rise in student numbers has supported demand, but funding per student has fallen
  • Funding for universities has not kept pace with enrolment figures, limiting profit growth
  • The UK's exit from the European Union should encourage more EU students to apply to Irish universities
  • Industry Report - Industry Key Buyers Chapter

    The Third-Level Education industry has a medium level of market share concentration, with the top four largest universities estimated to have a combined market share of 64.2% in 2019. This is as a result of only a small number of long-established universities in Ireland, which have become very large and reputable, generating a large share of revenue as a result. The industry receives a considerable share of its income from the government through the Higher Education Authority, which oversees funding and grants for higher education for the Department of Education and Skills in Ireland. Core funding per student has fallen in recent years. As a result, market share concentration among the smaller universities is expected to fall as universities compete more for funding...purchase to read more.

    Additional Insights for the Third-Level Education Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Third-Level Education Industry are

  • Having a good reputation
  • Use of specialist equipment or facilities
  • Experienced work force
  • IBISWorld analysts also discuss how external factors such as Number of students in secondary education and Public sector funding for higher level education in the Third-Level Education industry impact industry performance..

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    What's in this report

    What is the Third-Level Education in Ireland Industry?

    Third-level education covers universities, institutes of technology and colleges offering higher education, which leads to qualifications such as bachelor’s degrees, master’s degrees, post graduate diplomas and doctoral degrees. Operators in this industry provide full and part-time teaching and training that leads to both undergraduate and postgraduate qualifications.

    Industry Products
  • Level 6
  • Level 7
  • Level 8
  • Level 9
  • Level 10
  • Industry Activities
  • Teaching first degrees
  • Teaching taught and research master's degrees
  • Teaching postgraduate certificates in education
  • Teaching doctoral degrees
  • Teaching other undergraduate and postgraduate professional qualifications
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of students in secondary education
  • Public sector funding for higher level education
  • Gross disposable income of households
  • National unemployment rate
  • Population aged 19 to 24 years

  • Current Performance
    Demand for degreesFunding gap
  • Chart: Revenue Growth

  • Industry Outlook
    Future fundingGrowing demandStructural changes
  • Table: Third-Level Education Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Third-Level Education Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Legal Activities in Ireland
  • Consultant Engineering Services in Ireland
  • Hospitals in Ireland

  • Key Selling Industries
  • Computer & Peripheral Equipment Manufacturing in Ireland
  • Newsagents & Stationery Stores in Ireland
  • Office Furniture Wholesaling in Ireland

  • Products & Services
  • Level 8
  • Level 9
  • Level 10
  • Level 7
  • Level 6
  • Chart: Third-Level Education Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Students aged 20 and under
  • Students aged between 21 and 24
  • Students aged 30 and over
  • Students aged between 25 and 29
  • Chart: Major Market Segmentation for the Third-Level Education Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Rent
  • Other Costs
  • Chart: Cost Structure Benchmarking – Sector vs Third-Level Education

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Third-Level Education Industry

  • Industry Globalization
    University College Dublin, University College Cork, Trinity College Dublin, National University of Ireland Galway, Royal College of Surgeons in Ireland,
  • Table: University College Dublin - financial performance
  • Table: University College Cork - financial performance
  • Table: Trinity College Dublin - financial performance
  • Table: National University of Ireland Galway - financial performance
  • Table: Royal College of Surgeons in Ireland - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Third-Level Education 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 Third-Level Education Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Cassells Report
  • A report assessing the long-term funding requirements of the higher education system published in 2015.
  • Free Fees Initiative
  • The Irish Exchequer pays tuition fees to the university on behalf of students registered for the first time on qualifying, full-time undergraduate degree programmes.
  • Higher Education Authority
  • The statutory planning and policy development body for higher education and research in Ireland.
  • Qs Stars
  • A university ranking system giving internationally mobile students a way to form concrete comparisons of university standards across borders.
  • What Our Customers Say

    Why buy this report?

    The Third-Level Education in Ireland 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 Third-Level Education in Ireland:
    • 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 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 Third-Level Education in Ireland 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 Third-Level Education in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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