K-12 Makerspace Materials Market Size, Share, Growth, and Industry Analysis, By Type (Robotic Toolkits, Construction Materials, Art and Craft Materials), by Application (Рrе-рrіmаrу Ѕсhооl, Рrіmаrу Ѕсhооl, Middle Ѕсhооl, High Ѕсhооl), and Regional Forecast to 2027

Updated On: 22 April 2024

K-12 makerspace materials market Report Overview

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The global K-12 makerspace materials market size was 803.32 million in 2021 and is expected to reach USD 1197.42 million in 2027, exhibiting a CAGR of 6.88% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with K-12 makerspace materials market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over. 

The K-12 Maker Space is a place for K-12 schools that allows students to create, mend, invent, discover and explore new ideas using a variety of materials, often referred to as K-12 makerspace materials. The market is motivated by the beginning of advanced makerspace materials and increasing importance on makerspace-aligned curriculum.  They are also encouraging students to engage in activities such as interfering, building, sharing ideas, developing, and designing samples of new products. Such activities are enabling students to shape their thoughts into live objects using several makerspace materials. Hence, there is an augmented demand for marketspace materials from schools, which is motivating the growth of the market.

The number of individual buyers of makerspace materials for home-based learning has been growing.  Increasing environmental worries also inspire schools to introduce students to using recycled materials for arts and crafts activities. Increasing government initiatives to help promote the maker movement across schools, in both advanced and developing economies, are anticipated to fuel the growth of the market in the next few years. Expanding awareness of educational technologies and their incorporation in the modern education system have led to the appearance of makerspaces in K-12 schools across the world. Participating are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact: Pandemic hampered the market due to unexpected disruption in the sector

Covid 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. Covid 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

Latest Trends

"Use of innovative products to boost the market growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

K-12 makerspace materials market Segmentation

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• By Type Analysis

According to type, the market can be segmented into robotic toolkits, construction materials, art and craft materials.

Art and craft materials will capture the maximum market share through forecast period.

• By Application Analysis

According to application, the market can be segmented into prе-рrіmаrу sсhооl, prіmаrу sсhооl, middle sсhооl, high sсhооl.

K-12 makerspace materials market players cover segment as prе-рrіmаrу sсhооl will dominate the market share during forecast period.

Driving Factors

"Increasing importance of online makerspaces to boost the market growth"

Online channels provide augmented prominence of a wide range of products offered by vendors. The success of online retailing can be attributed to increased customer outreach and cost-cutting measures adopted in inventory management. Furthermost vendors in the worldwide K-12 makerspace materials market are small in size and have a restricted physical presence. Online makerspaces are virtual web-based spaces that allow students to contact numerous digital tools that help them in fulfilling daily makerspace events. 

"Technological advancement and development to upsurge the market."

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the K-12 makerspace materials market growth. Technology has revolutionized the relationship between children and their building materials. Rise in collaboration of education and technology from kindergarten to above grade, makerspace increases the learners commitment by using technology in all subjects across syllabus. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Constant development in are one of the trends in the market in variety of practices.

Restraining Factors

"Lack of knowledge to hamper the market growth"

Lack of knowledge is hampering development of K-12 makerspace materials market. Investing in staff training may result in school spending more money which might increase the cost and can deplete the market growth. It can be difficult to plan makerspace tasks that supplement the program. Technical difficulties will reduce the industry revenue.

K-12 makerspace materials market Regional Insights

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"Asia Pacific to dominate the region due to large number of prominent vendors in the region"

Asia Pacific is further expected to witness growth in the K-12 makerspace materials market share. The region is dominating the market due to presence of a large number of prominent vendors in the region. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

Key Industry Players

"Key players focus on partnerships to gain competitive advantage."

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger.

List of Market Players Profiled

• Raspberry Pi Foundation (U.K.)
• SparkFun Education (U.S.)
• Parrot Education (U.S.)
• MakerBot (U.S.)
• TechShop (U.S.)

Report Coverage

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.