Press release
Online Hobby Classes For Kids Market Expansion Continues, with Forecast Valuation of $4.34 Billion by 2029
Online Hobby Classes For Kids
What Is the Expected CAGR for the Online Hobby Classes For Kids Market Through 2025?
In recent times, there's been a swift expansion in the market size of online hobby classes for kids. The projection is that there will be a growth from $2.17 billion in 2024 to $2.5 billion in 2025, reflecting a compound annual growth rate (CAGR) of 15.0%. Factors contributing to the growth noted in the historic period include an increase in screen time among kids, a surge in demand for extracurricular learning, the rise of online tutoring platforms, the growing popularity of creative learning apps, and the necessity for virtual interaction amid lockdowns.
What's the Projected Size of the Global Online Hobby Classes For Kids Market by 2029?
Expectations are high for the market of online hobby classes for children as it anticipates a rapid expansion in the next few years. By 2029, it's predicted the market will reach a value of $4.34 billion, boasting a compound annual growth rate (CAGR) of 14.8%. This increased growth during the forecast period can be tied to a few key factors such as a rising preference for specialized hobby learning, an uptick in the disposable income of urban households, an expansion in age-specific online class programs, a need for more flexible learning schedules and an emphasis on nurturing talents beyond typical academic scope. Key trends for the forecast period include advancements in gamified learning platforms, the development of AI-driven content recommendation tools, innovations in interactive live class technologies, the integration of AR/VR into creative skill instruction, and substantial investments in adaptive learning software technology.
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Top Growth Drivers in the Online Hobby Classes For Kids Industry: What's Accelerating the Market?
The growth of the online hobby classes for kids market is anticipated to be fueled by the burgeoning digitalization trend. This is a process where digital technologies are fully integrated into everyday business activities, replacing traditional methods with digital tools, systems, and technologies that amplify efficiency, productivity, and innovation. The primary driver for this rise in digitalization is the growing need for automation, as businesses aim to simplify procedures, boost efficiency, and diminish human error by employing cutting-edge technologies such as artificial intelligence, machine learning, and robotics. Online hobby classes for children play a key role in digitalization, implementing digital platforms to provide accessible, adaptable, and interactive learning experiences which foster technical skills and stimulate online engagement. For example, a survey conducted by the European Investment Bank, a Luxembourg-based bank, in May 2024 revealed that 69% of EU businesses incorporated advanced digital technologies in 2022, representing a considerable upsurge from 61% in 2021. Consequently, it's clear that the increasing trend of digitalization is propelling the expansion of the online hobby classes for kids market.
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What Are the Key Trends Driving Online Hobby Classes For Kids Market Growth?
Leading players in the kid's online hobby classes sector are concentrating on pioneering solutions such as 3D production using virtual reality experiences. These solutions aim to enhance engagement, immersion and effectiveness of learning for kids. Through this technology, children can interact with, design and build digital objects in a 3D environment using Virtual Reality headsets. This enriches their creative abilities and spatial awareness while making learning interactive and enjoyable. For example, in May 2022, an India-based ed-tech start-up, Camp K12 released Hatch Kids, an AR/VR creation platform specifically constructed for children. It lets them construct immersive 3D projects like games, virtual museums and art exhibitions using a no-code concept. Additionally, it offers a real-time collaborative space where multiple users can interact via voice chat and simultaneously create in the same virtual environment. The strategy aims to enhance creativity and technical expertise by merging immersive technology with an easy-to-use learning platform.
What Are the Main Segments in the Online Hobby Classes For Kids Market?
The online hobby classes for kids market covered in this report is segmented -
1) By Type: Art And Craft, Music, Dance, Coding, Cooking, Other Types
2) By Age Group: Preschoolers (Ages 3 5), Early Elementary (Ages 6 8), Middle Childhood (Ages 9 12), Teenagers (Ages 13 17)
3) By Skill Level: Beginner, Intermediate, Advanced
4) By Subscription Model: Monthly, Quarterly, Annually
5) By Learning Preference: Synchronous Learning (Live Classes), Asynchronous Learning (Pre Recorded Classes), Hybrid Learning (Combination Of Live And Recorded)
Subsegments:
1) By Art And Craft: Drawing, Painting, Origami, Clay Modeling, DIY (Do-It-Yourself) Crafts, Calligraphy
2) By Music: Vocal Training, Instrumental, Music Theory, Digital Music Production, Choir Or Group Singing
3) By Dance: Ballet, Hip-Hop, Contemporary, Classical, Jazz, Zumba
4) By Coding: Block-Based Coding, Game Development, Web Development, App Development, Robotics Programming, Python Or Java Programming Basics
5) By Cooking: Baking, Healthy Snacks, No-Flame Cooking, International Cuisine, Festive Recipes, Kitchen Safety And Hygiene
6) By Other Types: Language Learning, Photography, Chess, Yoga And Mindfulness, Creative Writing, Magic Tricks
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Which Top Companies are Driving Growth in the Online Hobby Classes For Kids Market?
Major companies operating in the online hobby classes for kids market are Stride Inc. (K12), Udemy Inc., Age of Learning Inc., Khan Academy, Outschool Inc., FutureLearn Limited, KidPass Inc., Neuron Fuel Inc., QiDZ FZ LLC, Tinkergarten Inc., DIY Co., Creativebug LLC, Spark Studio, Hobspace, CodeWizardsHQ Inc., Age of Learning Inc., Art for Kids Hub LLC, Primer Inc., KidzToPros Inc., Skillshare Inc.
Which Regions Will Dominate the Online Hobby Classes For Kids Market Through 2029?
North America was the largest region in the online hobby classes for kids market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the online hobby classes for kids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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