K-12 Textbook Market is Estimated to Hit a Sales of US$ 5,55,364 Million By 2031 | Europe Captured About 47% of Revenue

CHICAGO, UNITED STATES, August 11, 2023/EINPresswire.com/ -- Global 𝐊-𝟏𝟐 𝐭𝐞𝐱𝐭𝐛𝐨𝐨𝐤 𝐦𝐚𝐫𝐤𝐞𝐭 revenue was 𝐔𝐒$ 𝟏,𝟎𝟑,𝟔𝟖𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟐 and is estimated to attain a valuation of 𝐔𝐒$ 𝟓,𝟓𝟓,𝟑𝟔𝟒 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟏, growing at a 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟐𝟎.𝟓% during the forecast period from 𝟐𝟎𝟐𝟑 𝐭𝐨 𝟐𝟎𝟑𝟏.

𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐑𝐞𝐩𝐨𝐫𝐭@- https://www.astuteanalytica.com/request-sample/k-12-textbook-market

The global K-12 textbook market is witnessing huge growth opportunities due to an increasing focus on high-quality education, technological advances, and the inclusion of interactive content. New opportunities are opening up for market players owing to government measures to improve educational infrastructure and the rising accessibility of education in developing countries.

The global demand for textbooks is rising due to the increasing emphasis on high-quality education and rising student enrolment rates. For instance, from pre-kindergarten through the 12th grade, there were about 49.45 million people enrolled in public schools in the United States as of 2021. In the United States, preK–12 textbook sales brought in more than US$ 5.61 billion in 2022. With revenues up 16.63% from the previous year, the preK–12 market had another strong year in 2022.

The adoption of digital learning tools and the inclusion of interactive material in textbooks are crucial factors in the market's expansion. The rapid development of information technology has led to a transition in book design from print to electronic. For instance, the usage of e-books has increased dramatically in India, where there are already 133.3 million users, and a 9.1% growth rate is expected by 2027.

Thanks to K–12 education, India's educational system has undergone a considerable transformation. The use of themes in teaching strategies has supported the holistic development of a student's physical, emotional, moral, psychological, and spiritual qualities along with the introduction of technology into the classrooms. For instance, California's educational officials are pressuring book publishers to produce diverse, inclusive works that support equity.

New opportunities are opening up for market players as a result of government measures to improve educational infrastructure and the rising accessibility of education in developing countries. For instance, one of the UN's Millennium Development Goals is to ensure that all people have access to education. For instance, in August 2023, the K–12 education system in Newfoundland and Labrador will gradually phase away the 1.6-kilometer restriction for accessing school bus services starting with the following school year, according to an announcement made by the Honourable Dr. Andrew Furey, Premier of Newfoundland and Labrador. Thus, expanding education features and maintaining a supportive learning environment will result in market growth.

𝐏𝐫𝐢𝐧𝐭𝐞𝐝 𝐓𝐞𝐱𝐭𝐁𝐨𝐨𝐤𝐬 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐞𝐝 𝐌𝐚𝐱𝐢𝐦𝐮𝐦 𝐒𝐚𝐥𝐞𝐬 𝐨𝐟 𝐔𝐒$ 𝟖𝟐,𝟖𝟐𝟖 𝐌𝐢𝐥𝐥𝐢𝐨𝐧

The printed book market category generated more than $82,828 million in revenue in 2022. The fact that printed books provide students and teachers with a real and comfortable learning experience is the reason for their continued popularity. As they don't require electronic gadgets or internet connectivity, they can be accessed in places with a lack of technology infrastructure. Additionally, printed books are simple to browse, highlight, and annotate, enabling students to actively connect with the information. For instance, with 788.7 million units sold in 2022, the U.S. market reveals a persistent preference for print books.

Traditional print remains the most preferred reading format for both adults and children, according to the most recent study on book consumption and book formats from the Pew Research Center. Over the past year, 75% of adults in the United States have read a book of some kind.

𝐄𝐮𝐫𝐨𝐩𝐞 𝐂𝐚𝐩𝐭𝐮𝐫𝐞𝐝 𝐀𝐛𝐨𝐮𝐭 𝟒𝟕% 𝐨𝐟 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐯𝐞𝐧𝐮𝐞

Europe is the largest market globally, with more than 47% of the global K–12 textbook market's total revenue. The region places a high priority on education, has a variety of educational systems, and has made significant technological developments, contributing to its market domination.

Education is given top priority in European nations, which make enormous investments in the advancement of their educational systems. Governments spend a lot of money making sure that students have access to excellent educational materials, including textbooks. This dedication fosters development and sustainability in the European market. The EU is investing over EUR70 billion (US$ 77 billion) in the field, and Member States are increasing the amount of money they allocate to education as a percentage of their GDP.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐌𝐨𝐫𝐞 𝐅𝐮𝐥𝐥 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭@- https://www.astuteanalytica.com/industry-report/k-12-textbook-market

The growth of the global market is also due to the fact that different nations in Europe have different educational curricula and requirements, which has led to a desire for a wide variety of textbooks catering to specialized needs. Publishers in Europe are skilled in producing specialized products that adhere to the specific needs of many national and regional educational systems. This agility and flexibility provide European publishers a competitive edge and draw clients from both domestically and beyond.

𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

Key market participants are giving the creation of creative and interactive textbook solutions priority in order to maintain a competitive edge in this dynamic environment. Personalized and immersive educational experiences can be provided by utilizing cutting-edge technology like artificial intelligence, augmented reality, and adaptive learning systems.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

• McGraw-Hill Education
• Pearson Education Inc.
• K12 Inc.
• Cengage Learning
• Blackboard Education
• John Wiley & Sons Inc.
• Other Prominent Players

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐎𝐮𝐭𝐥𝐢𝐧𝐞

𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐊-𝟏𝟐 𝐭𝐞𝐱𝐭𝐛𝐨𝐨𝐤 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐜𝐮𝐬𝐞𝐬 𝐨𝐧 𝐅𝐨𝐫𝐦, 𝐒𝐜𝐡𝐨𝐨𝐥 𝐋𝐞𝐯𝐞𝐥, 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥, 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧.

𝐁𝐲 𝐅𝐨𝐫𝐦
• Printed Textbooks
• Online/Digital Textbooks
By School Level
• Primary
• Secondary
• Upper Secondary
By Distribution Channel
• Educational Institutes
• Brick-and-Mortar Store
• Online Retail
By Region
• North America
o The U.S.
o Canada
o Mexico
• Europe
• Western Europe
 The UK
 Germany
 France
 Italy
 Spain
o Rest of Western Europe
• Eastern Europe
 Poland
 Russia
o Rest of Eastern Europe
• Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o South Korea
o ASEAN
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o South Africa
o UAE
o Rest of MEA
• South America
o Argentina
o Brazil
o Rest of South America

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐑𝐞𝐩𝐨𝐫𝐭@- https://www.astuteanalytica.com/request-sample/k-12-textbook-market

𝐀𝐛𝐨𝐮𝐭 𝐀𝐬𝐭𝐮𝐭𝐞 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐚:

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Aamir Beg
Astute Analytica
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