Press release
K-12 Makerspace Materials Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
What combination of drivers is leading to accelerated growth in the k-12 makerspace materials market?The increasing demand for online education is expected to accelerate the growth of the K-12 makerspace materials market. Makerspace materials promote hands-on learning and creativity, complementing online education by fostering innovation and collaboration. In January 2024, Eurostat reported that 30% of EU internet users aged 16-74 participated in online learning activities in 2023, a 2% increase from 2022. This rising demand for online education is driving the growth of the K-12 makerspace materials market.
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What is the projected compound annual growth rate (CAGR) of the k-12 makerspace materials market from 2025 to 2034, and what factors influence it?
The K-12 makerspace materials market will grow from $1.02 billion in 2024 to $1.11 billion in 2025 at a CAGR of 9.4%, supported by increased parental demand, curriculum integration, and funding from private organizations.
The K-12 makerspace materials market is set to grow to $1.58 billion by 2029 at a CAGR of 9.1%. The expansion is driven by the increasing focus on STEM education, rising benefits of makerspaces, government funding, growth in after-school programs, and personalized learning initiatives. Key trends include advancements in EdTech, the introduction of drones, the evolution of 3D printing technologies, and the integration of virtual and augmented reality.
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How are the latest trends influencing the growth of the k-12 makerspace materials market?
Key companies in the K-12 makerspace materials market are advancing solutions such as AI-based curricula to enhance STEM education and foster student innovation. AI-based curricula use algorithms and tools to personalize learning, adapt to student needs, and provide real-time feedback. In September 2023, Kinderlab Robotics, a US-based company, introduced Thinking with KIBO, an AI curriculum for young learners. The curriculum teaches grades 1-3 about AI, its decision-making processes, and its role in solving problems, using the KIBO robot for interactive exercises.
What are the major segments of the k-12 makerspace materials market and their role in driving growth?
The K-12 makerspace materials market covered in this report is segmented -
1) By Product Type: Robotic Toolkit, Construction Materials, Art And Craft Materials, Other Materials
2) By Application: Pr?-?r?m?r? S?h??l, Pr?m?r? S?h??l, Middle S?h??l, High S?h??l
3) By End-User: Classroom, Cafeteria, Library, Office, Other End-Users
Subsegments:
1) By Robotic Toolkit: Robotics Kits (Programming And Building Robots), Motors And Sensors, Microcontrollers And Circuit Boards, Arduino And Raspberry Pi Kits
2) By Construction Materials: Building Blocks (LEGO, K'NEX), Wood, Plastics, And Metal Sheets, 3D Printer Filament, Fasteners (Screws, Bolts, Nuts)
3) By Art And Craft Materials: Paints, Brushes, And Markers, Paper, Cardboard, And Fabric, Glue, Tape, And Scissors, Modeling Clay And Sculpture Materials
4) By Other Materials: Electronic Components (LEDs, Wires, Resistors), Educational Software And Apps, Textiles And Sewing Kits, STEM Kits
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Which regions are key players in the growth of the k-12 makerspace materials market?
Asia-Pacific was the largest region in the K-12 makerspace materials market in 2023. The regions covered in the K-12 makerspace materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the k-12 makerspace materials market?
Major companies operating in the K-12 makerspace materials market are Autodesk Inc., Follett Corp., Crayola LLC, Stratasys Ltd., Lakeshore Learning Materials, Makerbot Industries LLC, Hand2Mind, Makeblock Co. Ltd., Innovation First International Inc., Ozobot, SparkFun, Pitsco Inc., Sphero Inc., Osmo, Wonder Workshop Inc., Eduporium inc., Sakura, Kano Technology, FableVision Inc., Prisma Colour Ltd., LEGO Group, BirdBrain Technologies LLC, Engino Ltd., Makey Makey LLC, Thames & Kosmos LLC
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What Is Covered In The K-12 Makerspace Materials Global Market Report?
•Market Size Forecast: Examine the k-12 makerspace materials market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the k-12 makerspace materials market for a structured understanding.
•Key Players Overview: Analyze major players in the k-12 makerspace materials market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the k-12 makerspace materials market.
•Segment Contributions: Evaluate how different segments drive overall growth in the k-12 makerspace materials market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the k-12 makerspace materials market.
•Industry Challenges: Identify potential risks and obstacles affecting the k-12 makerspace materials market.
•Competitive Landscape: Review strategic developments in the k-12 makerspace materials market, including expansions, agreements, and new product launches.
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