NEW YORK, Dec. 6, 2023 /PRNewswire/ — The k-12 makerspace materials market is estimated to grow by USD 1.87 billion from 2023 to 2028, growing at a CAGR of 9.52%. The k-12 makerspace materials market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer k-12 makerspace materials market are ArcBotics LLC, BASIC FUN Inc., Boxlight Corp, Chibitronics Inc., Eduscape, Elenco Electronics Inc., Engino.net Ltd., Follett Corp., GoldieBlox Inc., Innovation First International Inc., KEVA Planks Education, LEGO System AS, Makeblock Co. Ltd., Makey Makey LLC., Modular Robotics Inc., Qubits Toy, Sphero Inc., Squishy Circuits Store LLC., Stratasys Ltd., and Wonder Workshop Inc. The report provides a full list of key companies, their strategies, and the latest developments. Download Free Sample before buying
Technavio has announced its latest market research report titled Global K-12 Makerspace Materials Market 2024-2028
Company Offering:
ArcBotics LLC: The company offers K 12 makerspace materials such as Robots which includes brands name Hexy and Sparki.
BASIC FUN Inc: The company offers K-12 makerspace materials products such as arcade classics, care bears and curligirls, cutetitos and fisher price classics.
Chibitronics Inc: The company offers K 12 makerspace materials such as Paper Circuits STEAM Educators guide.
For details on companies and their offerings – Buy the report!
By Geography, the market is classified as APAC, Europe, North America, Middle East and Africa, and South America. APAC will have the largest share of the market.
APAC accounts for 38% of the market growth during the forecast period. China, Japan, Australia, India, and South Korea are some of the leading countries contributing to the market growth in APAC. In addition, the growing focus on experiential learning and collaborative learning in schools will drive the growth of the market in APAC.
Download a free sample report to get more insights on the market share of various regions and the contribution of the segments.
Impactful driver- Increased funding from private organizations
Key Trend – Introduction of drones in K-12 robotic learning programs
Major Challenges – Student safety and security issues
Market Segmentation
The market share growth by the robotic toolkit segment is significant during the forecast period. There is an increasing adoption of robotic tools in their maker spaces by many schools in both developed and developing countries. In addition, they are extensively used in science, engineering, technology, and mathematics (STEM) courses and help to bridge technology and pedagogy to provide physical manifestations of key concepts of education. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth.
Technavio Research experts have provided more insights on the market share of segments – View the Free Sample Report
Related Reports:
The digital signage in education market size is estimated to grow at a CAGR of 9.04% between 2023 and 2028. The market size is forecast to increase by USD 1.42 billion.
The k-12 instruction material market size is estimated to grow at a CAGR of 6.51% between 2023 and 2028. The market size is forecast to increase by USD 10,390.95 million.
|
K-12 Makerspace Materials Market Scope |
|
|
Report Coverage |
Details |
|
Historic period |
2018-2022 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 9.52% |
|
YoY growth 2022-2023 (%) |
8.86 |
|
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
|
Key countries |
US, China, India, Germany, and the UK |
TOC:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact US:
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio