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Subject: MRR

K-12 makerspace materials market recorded 10.53% growth between 2020 and 2021; Insights on Top Countries such as the UK, among others - Technavio


NEW YORK, Feb. 6, 2023 /PRNewswire/ -- The UK is the leading market in Europe and contributes to the top education services among the different countries. The UK Educational Services sector comprises establishments that provide instruction and training in a wide variety of subjects. This instruction and training are provided by specialized establishments, such as schools, colleges, universities, and training centers. In the wake of the pandemic in 2020, most institutions of higher education have shuttered their physical campuses for the academic year and moved their summer sessions online. To know more, Buy the Report!

The outbreak of COVID-19 led to the imposition of country-wide lockdowns and the closure of schools, colleges, and educational institutes. This resulted in a decline in the demand for K-12 makerspace materials from educational institutes. However, the number of individual buyers of makerspace materials for home-based learning has been increasing. Thus, the market is expected to recover slowly during the forecast period. Moreover, as schools and higher educational institutions are expected to reopen, the market in this region will grow gradually. For more insights ? Download a Sample Report!

The UK is one of the top key country contributors to the global K-12 makerspace materials market. The market is segmented by product (robotic toolkits, construction materials, arts and crafts materials, and other materials), school level (middle school, elementary school, and high school), and geography (North America, Europe, APAC, South America, MEA, North America, Europe, APAC, South America, and MEA). The global K-12 makerspace materials market is estimated to decline at a CAGR of 9.44% between 2020 and 2025. The size of the market is forecast to decrease by USD 323.17 million.

The major vendors for the global K-12 makerspace materials market report include BASIC FUN Inc., Elenco Electronics Inc., Engino.net Ltd., Follett Corp., GoldieBlox Inc., LEGO System AS, Makeblock Co. Ltd., SparkFun Electronics Inc., Sphero Inc., and Stratasys Ltd. among others. To know about the vendor offerings, Request a PDF Sample!

The advent of advanced makerspace materials is notably driving the K-12 makerspace materials market growth, although factors such as complexity in managing makerspaces may impede the market growth.

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K-12 Makerspace Materials Market 2021-2025: Key Highlights

K-12 Makerspace Materials Market Scope

Report Coverage

Details

Page number

133

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 9.44%

Market growth 2021-2025

USD 323.17 million

Market structure

Fragmented

YoY growth 2020-2021 (%)

10.53

Regional analysis

North America, Europe, APAC, South America, MEA, North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 38%

Key consumer countries

US, UK, China, Germany, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Key companies profiled

BASIC FUN Inc., Elenco Electronics Inc., Engino.net Ltd., Follett Corp., GoldieBlox Inc., LEGO System AS, Makeblock Co. Ltd., SparkFun Electronics Inc., Sphero Inc., and Stratasys Ltd.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio's consumer discretionary market reports

Table of contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Product

6 Market Segmentation by School level

7 Customer landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 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

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Newsroom: https://newsroom.technavio.org/news/k-12-makerspace-materialsmarket

SOURCE Technavio


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