Global K-12 Education Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global K-12 Education Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

K12 (spoken as k twelve, k through twelve, or k to twelve) refers to the education received by students from different stages, normally from kindergarten to 12th grade, indicating the sum of primary and secondary education.

Market Overview:

The latest research study on the global K-12 Education market finds that the global K-12 Education market reached a value of USD 2516720.25 million in 2022. It’s expected that the market will achieve USD 3330468.33 million by 2028, exhibiting a CAGR of 4.78% during the forecast period.

When the epidemic first broke out, the COVID-19 epidemic severely affected the global K-12 education industry. According to data released by the United Nations, on March 23, 2020, 1.3 billion learners worldwide were unable to attend school. This is mainly due to the highly contagious nature of COVID -19, schools where people gather become a place with high risk. According to data, the incubation period of the new coronavirus that caused this epidemic is about 7-14 days. , Most areas were forced to suspend work and school. In China, students who should have returned to campus are forced to participate in online education to prevent the entire teaching schedule from being suspended. And due to the explossive number of users during the epidemic, DingTalks system has once collapsed because of excessive use.

In the early days of the epidemic, public and private schools faced a series of problems. Teachers and students were weak in class, enrollment plans were interrupted, and offline courses were completely stalled. The global K-12 education industry has suffered a severe blow. However, in order not to reduce the teaching schedule, online K-12 education is widely used in teaching, and schools have begun to learn the huge potential of online K-12 education. The development of online K-12 education has restored some losses to the entire K-12 education industry.

Basic STEM education promotes the development of the K-12 education industry

In the farming era, the understanding of education stays at the primary level of listening, speaking, reading, and writing. Only a small number of the wealthy and powerful classes can receive a good education, which limits the development of social productivity. Today, in order to promote productivity and maximize the use of natural resources to develop a modern civilized society, the demand for talents is unprecedented. Among them, increasing job opportunities in the fields of science, technology, engineering, and mathematics (STEM) are driving the demand for STEM education. Students who score high in competitive examinations are eligible to enter higher education institutions. Therefore, parents, students and various stakeholders are paying more and more attention to basic STEM education in schools around the world. As an important part of K-12 education, basic STEM education has contributed a lot to the development of the K-12 education industry.

Fierce Competition

The industry is highly competitive. The current market concentration in this industry is low, which means that there are already many schools in operation and schools are striving to gain more market share. Schools may compete in terms of hardware facilities, teaching capabilities, class size, student experience and feedback. Schools that have built a reputation, have a mature teaching team and fully understand the needs of parents and students may be less affected. If new participants do not have certain practical experience, sufficient funds and a mature team, it is difficult to maintain a solid position in the market.

Region Overview:

North America dominated the K-12 Education market in 2021, with a market share of 35.17%.

Company Overview:

TAL is one of the major players operating in the K-12 Education market, holding a share of 0.141% in 2022.

TAL

Tomorrow Advancing Life is a leading education and technology company in China. It is driven by technology, centered on talents and focused on quality. TAL Education Group is a Chinese holding company that provides after-school education for elementary and middle school students. Headquartered in Beijing, China.

New Oriental

New Oriental Education Technology Group Co., Ltd. is a private education service provider in China. New Oriental is headquartered in Haidian District, Beijing. New Orientals business includes pre-school education, general education courses for students of different age levels, online education, elementary and middle school students K -12 Educational counseling services, overseas study consulting and textbook publishing, etc.

Segmentation Overview:

As for product types, the Private K-12 education segment held the largest market share in 2021.

Application Overview:

The market's largest segment by application is the segment Primary School, with a market share of 54.31% in 2021.

Key Companies in the global K-12 Education market covered in Chapter 3:

McGraw Hill
Maple Leaf Educational Systems
Cognita
Nord Anglia Education
GEMS Education
Xueda
New Oriental
PowerSchool
TAL
K12

In Chapter 4 and Chapter 14.2, on the basis of types, the K-12 Education market from 2018 to 2029 is primarily split into:

Public K-12 Education
Private K-12 Education
Online K-12 Education

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the K-12 Education market from 2018 to 2029 covers:

Pre-primary School
Primary School
Middle School
High School

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)