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Comprehensive K-12 Textbook Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
"How Are the key drivers contributing to the expansion of the k-12 textbook market?The increasing demand for educational services is expected to propel the K-12 textbook market. Educational services, provided by both public and private institutions, aim to offer training and instruction to students. As technology evolves rapidly, the demand for lifelong learning opportunities grows, including vocational training and online courses. K-12 textbooks are aligned with state or national standards, ensuring that the content meets the expected learning objectives. For instance, in April 2023, the National Education Association reported that the federal contribution to public school revenues increased to 14.1% in 2022-23 from 13.2% in 2021-22, highlighting the growing investment in education.
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What growth opportunities are expected to drive the k-12 textbook market's CAGR through 2034?
The K-12 textbook market will surge from $161.88 billion in 2024 to $200.78 billion in 2025 at a CAGR of 24.0%, driven by legislative reforms, government funding, and increased student enrollment.
The K-12 textbook market is expected to witness exponential expansion, reaching $469.68 billion by 2029 at a CAGR of 23.7%. The market is driven by the growing adoption of digital learning tools, an emphasis on STEM education, increased use of digital textbooks, rising demand for personalized learning experiences, and the need for supplemental educational materials. Key trends include technological innovations in education, digital textbook integration with online platforms, advancements in STEM education, the use of augmented and virtual reality, and the development of customizable textbooks.
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What are the emerging trends shaping the future of the k-12 textbook market?
Key companies in the K-12 textbook market are focused on creating advanced digital textbooks to improve interactive learning. Digital textbooks are electronic versions that incorporate features like multimedia, quizzes, and customization. In September 2024, LEAD Group, an India-based educational tech company, launched TECHBOOKS, a tool that integrates AI, AR/VR, and a curriculum aligned with the National Curriculum Framework (NCF). TECHBOOKS provides personalized, multi-modal learning experiences designed to make education more engaging and future-ready.
Which growth-oriented segments of the k-12 textbook market are leading the industry's development?
The K-12 textbook market covered in this report is segmented -
1) By Form: Printed Textbooks, Online Or Digital Textbooks
2) By School levels: Primary, Secondary, Upper Secondary
3) By Distribution Channel: Educational Institutes, Brick-And-Mortar Store, Online Retail
Subsegments:
1) By Printed Textbooks: Hardcover Textbooks, Paperback Textbooks, Workbooks And Activity Books, Custom Or Localized Textbooks
2) By Online Or Digital Textbooks: E-Books, Interactive Textbooks, Cloud-Based Textbooks, Subscription-Based Digital Textbooks, Open Educational Resources (OER), Multimedia-Enhanced Digital Textbooks
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What regions are leading the charge in the k-12 textbook market?
Europe was the largest region in the K-12 textbook market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the K-12 textbook market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the k-12 textbook market?
Major companies operating in the K-12 textbook market are Pearson plc, Harper Collins Publishers, John Wiley And Sons Inc., Stride Inc., Scholastic Corporation, Cengage Learning, Houghton Mifflin Harcourt, McGraw-Hill Education, Blackboard Education, Edmentum Holdings Inc., Renaissance Learning Inc., Imagine Learning LLC, Discovery Education, Teacher Created Materials, OverDrive Education, Savvas Learning Company, Goodheart Willcox Co. Inc., Kno Inc, Big Ideas Learning LLC, The Critical Thinking Company, LightSail Education, BookShare, LearnZillion Inc., Simba Information
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What Is Covered In The K-12 Textbook Global Market Report?
•Market Size Forecast: Examine the k-12 textbook market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the k-12 textbook market for a structured understanding.
•Key Players Overview: Analyze major players in the k-12 textbook market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the k-12 textbook market.
•Segment Contributions: Evaluate how different segments drive overall growth in the k-12 textbook market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the k-12 textbook market.
•Industry Challenges: Identify potential risks and obstacles affecting the k-12 textbook market.
•Competitive Landscape: Review strategic developments in the k-12 textbook market, including expansions, agreements, and new product launches.
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