About K-12 Makerspace Materials
K-12 makerspace material is defined as the place in K-12 schools which allow students to create, invent, discover, tinker and explore new ideas using a wide-ranging of materials, often, referred to as K-12 makerspace materials. Various benefits of using K-12 makerspace materials for students such as engage students in hands-on projects, develop problem-solving skills and encourage self-direction, foster teamwork, decision-making, creativity, and higher-level thinking, support stem, social studies, and vocational education curriculum, among others. Rising adoption of modern methodologies of learning such as game-based learning, experiential learning, and blended learning are propelling the growth of the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 16.2% |
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global K-12 makerspace material market can witness an upsurge in the forecast period. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global K-12 Makerspace Materials market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Follett Corporation (United States), GoldieBlox (United States), MakerBot Industries, LLC (United States), SparkFun Education (United States), littleBits (United States), K’NEX Education (United States), TechShop (United States), 3Dexter (India), LEGO Education (United States) and Raspberry Pi Foundation (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Sphero (United States), Basic Fun (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global K-12 Makerspace Materials market by Type (Robotic Toolkits, Construction Materials and Art and Craft Materials), Application (Pre-primary School, Primary School, Middle School and High School) and Region.
On the basis of geography, the market of K-12 Makerspace Materials has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Introduction of AR and VR Worldwide and Increased Emphasis on Mobile Makerspaces
Market Growth Drivers:
Increasing Popularity of Maker Movement and Increasing Emphasis on Makerspace-Aligned Curriculum
Challenges:
Complexity in Managing Makerspaces
Restraints:
Issue related to High material costs
Opportunities:
Rising Demand from Emerging Economics such as China and India and Government Initiatives to Expand the K-12 Makerspace Materials Market
In October 2022, UltiMaker, a global leader in desktop 3D printing, has launched the new MakerBot SKETCH® Large 3D printer, the newest addition to the popular MakerBot SKETCH platform. The SKETCH platform is one of the most comprehensive 3D printing solutions for education, expanding students’ access to 3D printing, enabling them to bring their ideas to life, and setting educators up for success in the classroom.
Key Target Audience
K-12 Makerspace Material Manufactures, K-12 Makerspace Material Suppliers and Distributors, Government Associations, Market Research and Consulting Firms and Government Regulatory Authorities
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.