40% of K-12 Robotic Toolkits Market Growth to Originate from North America, Segmentation Analysis and Forecasts 2021-2025

NEW YORK, July 27, 2022 /PRNewswire/ -- The K-12 Robotic Toolkits Market is a part of the global education services industry and is expected to grow at a moderate pace. The global education industry, covers products, services, and solutions that are offered to educational institutions, corporate institutions, students, parents, individuals, and teachers. Moreover, The K-12 robotic toolkits market value is set to grow by USD 347.68 million, progressing at a CAGR of 19.35% from 2020 to 2025, as per the latest report by Technavio.

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The K-12 robotic toolkits market is segmented by School Level (high school, middle school, and preK-elementary school).

• The K-12 robotic toolkits market share growth by the high school segment will be significant during the forecast period. The factors driving the demand for K-12 robotic toolkits in high schools are the wide range of products offered for high school students and growing enrolment in high/tertiary schools. K-12 robotic toolkits help students focus on science and engineering careers.

The K-12 robotic toolkits market is segmented by Geography (North America, Europe, APAC, South America, and MEA).

• 40% of the market's growth will originate from North America during the forecast period. US is the key market for K-12 robotic toolkits market in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA and South America. The launch of innovative products, growing use of online platforms for purchasing education and learning products and increasing enrolment in schools will facilitate the K-12 robotic toolkits market growth in North America over the forecast period. 

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• The product premiumization due to technological advances is a major factor driving the global K-12 robotic toolkits market share growth. The global K-12 robotic toolkits market has become more competitive over the years.
• With advances in technology, customers preferences have changed, which is driving the demand for innovative products. For instance, customers prefer K-12 robotic toolkits that can perform multiple tasks with minimal resources. This has encouraged vendors to constantly engage in innovation and R&D in terms of technology, performance, features, and design to succeed in the market.
• Growing purchasing power and rising disposable income has led to an increase in spending on advanced education and learning products and services such as K-12 robotic toolkits. Increasing investments by vendors in incorporating innovative raw materials and technologies have enhanced the performance and aesthetic appeal of K-12 robotic toolkits.
• One-to-one is a prominent interaction feature of these toolkits. Therefore, growth in product premiumization, increasing demand, and rising growing customer expenditure on K-12 robotic toolkits are driving the value sales of K-12 robotic toolkits. 

• The adoption of substitute products and services will be a major challenge for the global K-12 robotic toolkits market share growth during the forecast period. The aforementioned factors make the price of these products high when compared to substitute products such as virtual robotic toolkits, educational toys and games, and digital content, including audio and video educational materials.
• A K-12 robotic toolkit costs minimum $130 and has the risk of getting damaged, unlike the substitute products. Therefore, middle- and low-income customers prefer substitutes over K-12 robotic toolkits. Moreover, K-12 robotic toolkits have restrictions in terms of the number of users, while other substitute products such as digital content and educational toys and games can engage a large pool of students.
• LEGO, one of the popular vendors in the toys and games market, offers a wide range of games for STEM education and learning purposes. Parents and educators in developing countries still prefer classroom and guided learning by professionals such as teachers.
• These professionals monitor the progress of students and make changes in learning methods according to requirements. Essentially, the substitute products will hinder the growth of K-12 robotic toolkits during the forecast period.

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• Amtek Company Inc.
• EZ-Robot Inc.
• Innovation First International Inc.
• LEGO System AS
• Makeblock Co. Ltd.
• Modular Robotics Inc.
• Ozobot & Evollve Inc.
• Raspberry Pi Foundation
• Sphero Inc.
• Valiant Technologies Pvt. Ltd.

The K-12 robotic toolkits market is fragmented, and the vendors are deploying growth strategies such as differentiating themselves based on product quality and innovation and offering products with different technologies and designs to compete in the market.

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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 Market

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 School Level

• 5.1 Market segments

• 5.2 Comparison by School Level

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

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

• 5.5 PreK-elementary school - Market size and forecast 2020-2025
• Exhibit 21: PreK-elementary school - Market size and forecast 2020-2025 ($ million)
• Exhibit 22: PreK-elementary school - Year-over-year growth 2020-2025 (%)

• 5.6 Market opportunity by School Level
• Exhibit 23: Market opportunity by School Level

6 Customer landscape

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 25: Market share by geography 2020-2025 (%)

• 7.2 Geographic comparison
• Exhibit 26: Geographic comparison

• 7.3 North America - Market size and forecast 2020-2025
• Exhibit 27: North America - Market size and forecast 2020-2025 ($ million)
• Exhibit 28: North America - Year-over-year growth 2020-2025 (%)

• 7.4 Europe - Market size and forecast 2020-2025
• Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)
• Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)

• 7.5 APAC - Market size and forecast 2020-2025
• Exhibit 31: APAC - Market size and forecast 2020-2025 ($ million)
• Exhibit 32: APAC - Year-over-year growth 2020-2025 (%)

• 7.6 South America - Market size and forecast 2020-2025
• Exhibit 33: South America - Market size and forecast 2020-2025 ($ million)
• Exhibit 34: South America - Year-over-year growth 2020-2025 (%)

• 7.7 MEA - Market size and forecast 2020-2025
• Exhibit 35: MEA - Market size and forecast 2020-2025 ($ million)
• Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)

• 7.8 Key leading countries
• Exhibit 37: Key leading countries

• 7.9 Market opportunity by geography
• Exhibit 38: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges
• Exhibit 39: Impact of drivers and challenges

• 8.3 Market trends

9 Vendor Landscape

• 9.1 Overview
• Exhibit 40: Vendor landscape

• 9.2 Landscape disruption
• Exhibit 41: Landscape disruption
• Exhibit 42: Industry risks

• 9.3 Competitive Scenario

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 43: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 44: Market positioning of vendors

• 10.3 Amtek Company Inc.
• Exhibit 45: Amtek Company Inc. - Overview
• Exhibit 46: Amtek Company Inc. - Product and service
• Exhibit 47: Amtek Company Inc. - Key offerings

• 10.4 EZ-Robot Inc.
• Exhibit 48: EZ-Robot Inc. - Overview
• Exhibit 49: EZ-Robot Inc. - Product and service
• Exhibit 50: EZ-Robot Inc. - Key offerings

• 10.5 Innovation First International Inc.

• 10.6 LEGO System AS
• Exhibit 55: LEGO System AS - Overview
• Exhibit 56: LEGO System AS - Key news
• Exhibit 57: LEGO System AS - Product and service
• Exhibit 58: LEGO System AS - Key offerings

• 10.7 Makeblock Co. Ltd.
• Exhibit 59: Makeblock Co. Ltd. - Overview
• Exhibit 60: Makeblock Co. Ltd. - Product and service
• Exhibit 61: Makeblock Co. Ltd. - Key news
• Exhibit 62: Makeblock Co. Ltd. - Key offerings

• 10.8 Modular Robotics Inc.
• Exhibit 63: Modular Robotics Inc. - Overview
• Exhibit 64: Modular Robotics Inc. - Product and service
• Exhibit 65: Modular Robotics Inc. - Key offerings

• 10.9 Ozobot & Evollve Inc.
• Exhibit 66: Ozobot & Evollve Inc. - Overview
• Exhibit 67: Ozobot & Evollve Inc. - Product and service
• Exhibit 68: Ozobot & Evollve Inc. - Key offerings

• 10.10 Raspberry Pi Foundation
• Exhibit 69: Raspberry Pi Foundation - Overview
• Exhibit 70: Raspberry Pi Foundation - Product and service
• Exhibit 71: Raspberry Pi Foundation - Key offerings

• 10.11 Sphero Inc.
• Exhibit 72: Sphero Inc. - Overview
• Exhibit 73: Sphero Inc. - Product and service
• Exhibit 74: Sphero Inc. - Key news
• Exhibit 75: Sphero Inc. - Key offerings

• 10.12 Valiant Technologies Pvt. Ltd.
• Exhibit 76: Valiant Technologies Pvt. Ltd. - Overview
• Exhibit 77: Valiant Technologies Pvt. Ltd. - Product and service
• Exhibit 78: Valiant Technologies Pvt. Ltd. - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Currency conversion rates for US$
• Exhibit 79: Currency conversion rates for US$

• 11.3 Research methodology
• Exhibit 80: Research Methodology
• Exhibit 81: Validation techniques employed for market sizing
• Exhibit 82: Information sources

• 11.4 List of abbreviations
• Exhibit 83: List of abbreviations

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