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

Rhea-AI Summary

The K-12 makerspace materials market in the UK is a significant contributor to Europe's educational sector. The market, impacted by the COVID-19 pandemic, has seen a decline in demand for materials from educational institutions. However, home-based learning has boosted individual purchases. The global market is projected to decline at a CAGR of 9.44% from 2020 to 2025, with an expected decrease of USD 323.17 million. Major vendors include BASIC FUN Inc., LEGO System AS, and others. As educational institutions reopen, recovery is anticipated in the market.

Positive

• Increase in individual purchases for home-based learning materials.

Negative

• Projected decline in global K-12 makerspace materials market at a CAGR of 9.44%.
• Market size expected to decrease by USD 323.17 million from 2020 to 2025.

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

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive K-12 makerspace materials market growth during the next five years
• Precise estimation of the K-12 makerspace materials market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the K-12 makerspace materials industry across North America, Europe, APAC, South America, MEA, North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of K-12 makerspace materials market vendors

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

• 2.1 Market ecosystem 
• Exhibit 01: Parent market
• Exhibit 02: Market characteristics

• 2.2 Value chain analysis 
• Exhibit 03: Value Chain Analysis: Education services

3 Market Sizing

• 3.1 Market definition 
• Exhibit 04: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 05: Market segments

• 3.3 Market size 2020

• 3.4 Market outlook: Forecast for 2020 - 2025
• Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
• Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 08: Five forces analysis 2020 & 2025

• 4.2 Bargaining power of buyers 
• Exhibit 09: Bargaining power of buyers

• 4.3 Bargaining power of suppliers 
• Exhibit 10: Bargaining power of suppliers

• 4.4 Threat of new entrants 
• Exhibit 11: Threat of new entrants

• 4.5 Threat of substitutes 
• Exhibit 12: Threat of substitutes

• 4.6 Threat of rivalry 
• Exhibit 13: Threat of rivalry

• 4.7 Market condition 
• Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Product

• 5.1 Market segments 
• Exhibit 15: Product - Market share 2020-2025 (%)

• 5.2 Comparison by Product 
• Exhibit 16: Comparison by Product

• 5.3 Robotic toolkits - Market size and forecast 2020-2025
• Exhibit 17: Robotic toolkits - Market size and forecast 2020-2025 ($ million)
• Exhibit 18: Robotic toolkits - Year-over-year growth 2020-2025 (%)

• 5.4 Construction materials - Market size and forecast 2020-2025 
• Exhibit 19: Construction materials - Market size and forecast 2020-2025 ($ million)
• Exhibit 20: Construction materials - Year-over-year growth 2020-2025 (%)

• 5.5 Arts and crafts materials - Market size and forecast 2020-2025 
• Exhibit 21: Arts and crafts materials - Market size and forecast 2020-2025 ($ million)
• Exhibit 22: Arts and crafts materials - Year-over-year growth 2020-2025 (%)

• 5.6 Other materials - Market size and forecast 2020-2025
• Exhibit 23: Other materials - Market size and forecast 2020-2025 ($ million)
• Exhibit 24: Other materials - Year-over-year growth 2020-2025 (%)

• 5.7 Market opportunity by Product 
• Exhibit 25: Market opportunity by Product

6 Market Segmentation by School level

• 6.1 Market segments 
• Exhibit 26: School level - Market share 2020-2025 (%)

• 6.2 Comparison by School level 
• Exhibit 27: Comparison by School level

• 6.3 Middle school - Market size and forecast 2020-2025
• Exhibit 28: Middle school - Market size and forecast 2020-2025 ($ million)
• Exhibit 29: Middle school - Year-over-year growth 2020-2025 (%)

• 6.4 Elementary school - Market size and forecast 2020-2025
• Exhibit 30: Elementary school - Market size and forecast 2020-2025 ($ million)
• Exhibit 31: Elementary school - Year-over-year growth 2020-2025 (%)

• 6.5 High school - Market size and forecast 2020-2025
• Exhibit 32: High school - Market size and forecast 2020-2025 ($ million)
• Exhibit 33: High school - Year-over-year growth 2020-2025 (%)

• 6.6 Market opportunity by School level 
• Exhibit 34: Market opportunity by School level

7 Customer landscape

8 Geographic Landscape

• 8.1 Geographic segmentation 
• Exhibit 36: Market share by geography 2020-2025 (%)

• 8.2 Geographic comparison 
• Exhibit 37: Geographic comparison

• 8.3 North America - Market size and forecast 2020-2025
• Exhibit 38: North America - Market size and forecast 2020-2025 ($ million)
• Exhibit 39: North America - Year-over-year growth 2020-2025 (%)

• 8.4 Europe - Market size and forecast 2020-2025
• Exhibit 40: Europe - Market size and forecast 2020-2025 ($ million)
• Exhibit 41: Europe - Year-over-year growth 2020-2025 (%)

• 8.5 APAC - Market size and forecast 2020-2025
• Exhibit 42: APAC - Market size and forecast 2020-2025 ($ million)
• Exhibit 43: APAC - Year-over-year growth 2020-2025 (%)

• 8.6 South America - Market size and forecast 2020-2025
• Exhibit 44: South America - Market size and forecast 2020-2025 ($ million)
• Exhibit 45: South America - Year-over-year growth 2020-2025 (%)

• 8.7 MEA - Market size and forecast 2020-2025
• Exhibit 46: MEA - Market size and forecast 2020-2025 ($ million)
• Exhibit 47: MEA - Year-over-year growth 2020-2025 (%)

• 8.8 Key leading countries 
• Exhibit 48: Key leading countries

• 8.9 Market opportunity by geography 
• Exhibit 49: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Market trends

10 Vendor Landscape

• 10.1 Vendor landscape 
• Exhibit 51: Vendor landscape

• 10.2 Landscape disruption 
• Exhibit 52: Landscape disruption
• Exhibit 53: Industry risks

• 10.3 Competitive scenario

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 54: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 55: Market positioning of vendors

• 11.3 BASIC FUN Inc. 
• Exhibit 56: BASIC FUN Inc. - Overview
• Exhibit 57: BASIC FUN Inc. - Product and service
• Exhibit 58: BASIC FUN Inc. - Key offerings

• 11.4 Elenco Electronics Inc. 
• Exhibit 59: Elenco Electronics Inc. - Overview
• Exhibit 60: Elenco Electronics Inc. - Product and service
• Exhibit 61: Elenco Electronics Inc. - Key offerings

• 11.5 Engino.net Ltd. 
• Exhibit 62: Engino.net Ltd. - Overview
• Exhibit 63: Engino.net Ltd. - Product and service
• Exhibit 64: Engino.net Ltd. - Key offerings

• 11.6 Follett Corp. 
• Exhibit 65: Follett Corp. - Overview
• Exhibit 66: Follett Corp. - Product and service
• Exhibit 67: Follett Corp. - Key offerings

• 11.7 GoldieBlox Inc. 
• Exhibit 68: GoldieBlox Inc. - Overview
• Exhibit 69: GoldieBlox Inc. - Product and service
• Exhibit 70: GoldieBlox Inc. - Key offerings

• 11.8 LEGO System AS 
• Exhibit 71: LEGO System AS - Overview
• Exhibit 72: LEGO System AS - Product and service
• Exhibit 73: LEGO System AS - Key offerings

• 11.9 Makeblock Co. Ltd. 
• Exhibit 74: Makeblock Co. Ltd. - Overview
• Exhibit 75: Makeblock Co. Ltd. - Product and service
• Exhibit 76: Makeblock Co. Ltd. - Key offerings

• 11.10 SparkFun Electronics Inc. 
• Exhibit 77: SparkFun Electronics Inc. - Overview
• Exhibit 78: SparkFun Electronics Inc. - Product and service
• Exhibit 79: SparkFun Electronics Inc. - Key offerings

• 11.11 Sphero Inc. 
• Exhibit 80: Sphero Inc. - Overview
• Exhibit 81: Sphero Inc. - Product and service
• Exhibit 82: Sphero Inc. - Key offerings

• 11.12 Stratasys Ltd. 
• Exhibit 83: Stratasys Ltd. - Overview
• Exhibit 84: Stratasys Ltd. - Business segments
• Exhibit 85: Stratasys Ltd. - Key offerings

12 Appendix

• 12.1 Scope of the report

• 12.2 Currency conversion rates for US$ 
• Exhibit 86: Currency conversion rates for US$

• 12.3 Research methodology 
• Exhibit 87: Research Methodology
• Exhibit 88: Validation techniques employed for market sizing
• Exhibit 89: Information sources

• 12.4 List of abbreviations 
• Exhibit 90: List of abbreviations

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FAQ

What is the K-12 makerspace materials market growth projection for 2023?

The K-12 makerspace materials market is projected to decline at a CAGR of 9.44% from 2020 to 2025.

How much is the K-12 makerspace materials market expected to decrease by 2025?

The market is expected to decrease by USD 323.17 million from 2020 to 2025.

What factors are affecting the K-12 makerspace materials market?

COVID-19 has led to a decline in institutional demand but increased individual purchases for home learning.

Who are the major vendors in the K-12 makerspace materials market?

Major vendors include BASIC FUN Inc., LEGO System AS, and Elenco Electronics Inc.

What impact did COVID-19 have on the K-12 makerspace materials market?

COVID-19 caused a decline in demand from educational institutions but increased private purchases for home education.