PreK-12 Instructional Materials Industry Competitive Analysis, 2023

PreK-12 Instructional Materials Industry 2023

Publishers are making a variety of adjustments to what they need to do to be competitive and successful to deal with the major forces and changes confronting this section. These include responding to the lingering effects of pandemic induced lockdowns in the US, causing an ongoing need to address matters like learning loss, social emotional learning, more flexible learning and the rapid and growth in the use of digital tools and platforms

What this Report Covers

In addition to describing how companies are responding to trends and changes in the market, Simba’s PreK-12 Competitive Analysis 2023 report also looks at market and financial trends impacting the entire industry.

The Association of American Publishers’ (AAP’s) StatShot report for calendar year 2022 found that publishing industry sales overall were down 2.6%, totaling $28.1 billion. That was still 8.6% higher than the $25.87 billion recorded in 2019, and 8.7% higher than 2020 revenues of $25.86 billion. The K-12 Education portion of the business, which came in at $5.61 billion (or almost 20% of the total, making it the second biggest sector) was the only vertical that grew during the year. In fact, it showed a robust increase of 16.6%

Issues facing publishers include preparing for the loss of federal government ESSER funding; fewer mergers and acquisitions and a drop in private equity. The report also looks at how and where publishers are putting increased efforts and activity, such as producing more teaching material for ELA, STEM/STEAM and formative assessment products and tools.

Simba has also discovered past M&As in this sector and concludes that businesses that offered subject matter expertise, tech capabilities, assessment capabilities or family engagement and communication were those most sought after for acquisitions in 2023

The report includes are company profiles, and for publicly held companies, financial data for the following major players: Boxlight, Cambium Learning, Cengage, Discovery Education, Goodheart-Willcox, Houghton Mifflin Harcourt, Kahhot!, Mcgraw Hill, Pearson, PowerSchool, Renaissance, Savvas Learning, Scholastic and Stride

About Simba Information

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