K-12 Makerspace Materials Global Market Report 2024

The K-12 makerspace material market size has grown strongly in recent years. It will grow from $0.93 billion in 2023 to $1.02 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%.

The growth observed in the historical period can be credited to heightened parental demand, a stronger emphasis on sustainability, market diversification into previously untapped regions, augmented financial support from private entities, and the inclusion of makerspaces within educational programs.

The K-12 makerspace material market size is expected to see strong growth in the next few years. It will grow to $1.45 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. Anticipated growth in the forecast period can be attributed to the growing emphasis on STEM education, the advantages presented by makerspaces, increased governmental funding, the expansion of after-school initiatives, and a focus on tailored learning approaches. Prominent trends projected for this period include advancements in technology, the incorporation of educational technology (EdTech), the introduction of drone technology, the evolution and assimilation of 3D printing techniques, and the integration of virtual and augmented reality tools.

The increasing demand for online education is poised to drive the growth of the K-12 makerspace materials market in the future. Online education, which involves delivering educational content and instruction over the internet, is experiencing a surge in demand due to its flexibility, accessibility, and the quality of remote learning options. This demand is fueled by technological advancements and evolving learning needs. Makerspace materials complement online education by providing students with hands-on learning experiences, fostering creativity and innovation, promoting collaboration, and preparing them for success in an increasingly digital and technology-driven world. For instance, according to the World Economic Forum in January 2022, online education enrollment more than doubled in 2020 and then experienced another significant increase of 32% the following year, reaching a peak of 189 million in 2021. Therefore, the growing demand for online education stimulates the growth of the K-12 makerspace materials market.

Key companies in the K-12 makerspace materials market are focusing on developing advanced solutions, such as AI-based curricula, to enhance STEM education and cultivate student innovation. AI-based curricula utilize AI algorithms and tools to personalize instruction, adapt to individual student needs, provide real-time feedback, and optimize learning outcomes. For instance, Kinderlab Robotics, a US-based company offering K-12 makerspace materials, launched Thinking with KIBO in September 2023, an AI curriculum designed for young learners. The curriculum aims to help students in grades 1-3 understand that AI is a tool created by people, AI systems make decisions based on input and rules, AI does not think such as humans and is not alive, and AI can assist people in solving complex problems. This curriculum encourages critical thinking about the societal implications of AI tools by elucidating how AI works through interactive exercises featuring the KIBO robot.

In October 2022, KIRKBI A/S, a Denmark-based private equity company, acquired BrainPOP for an undisclosed amount. This acquisition represents a significant milestone in the Edtech industry, bringing together two prominent brands in educational technology and digital play. BrainPOP, a US-based company offering K-12 makerspace materials, is now part of KIRKBI A/S's portfolio.

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.

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.

K-12 makerspace materials encompass the tools, equipment, supplies, and resources tailored for kindergarten through 12th-grade students in makerspace settings. These resources are carefully chosen to facilitate hands-on, experiential learning experiences that promote creativity, innovation, problem-solving, and collaboration.

The primary categories of K-12 makerspace materials include robotic toolkits, construction materials, art and craft supplies, and other resources. A robotic toolkit comprises a set of materials utilized for designing, constructing, programming, and controlling robots. Students utilize the hardware components of the toolkit to construct robots, thereby bringing STEM concepts into practical application. These resources find applications across various educational levels, from pre-primary to high school, and are utilized in diverse settings such as classrooms, cafeterias, libraries, offices, and more.

The K-12 makerspace materials market research report is one of a series of new reports that provides K-12 makerspace materials market statistics, including K-12 makerspace materials industry global market size, regional shares, competitors with a K-12 makerspace materials market share, detailed K-12 makerspace materials market segments, market trends and opportunities, and any further data you may need to thrive in the K-12 makerspace materials industry. This K-12 makerspace materials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The countries covered in the K-12 makerspace materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The K-12 makerspace materials market consists of sales of STEM learning kits, coding and programming kits, safety gear, programming tools and curriculum materials. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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