Elementary And Secondary Schools Market worth $11.3 Billion by 2028 | Top Keyplayers Are Apple Inc., The home depot lnc., Robert Bosch GmbH, Panasonic Corporation, Best Buy Co. Inc

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Overview and Scope

An elementary school is an educational institution that provides the first eight years of children’s primary preparatory formal education, generally from 1st to 8th grade. Secondary schools refer to educational institutions that provide academic courses after the completion of elementary school, generally from 8th grade to 12th grade.

Sizing and Forecast

The elementary and secondary schools market size has grown strongly in recent years. It will grow from $1620.94 billion in 2023 to $1769.82 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to population growth, government funding, education policies, parental involvement, community development.

The elementary and secondary schools market size is expected to see strong growth in the next few years. It will grow to $2483.77 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to inclusive education practices, infrastructure upgrades, global competency emphasis, public-private partnerships, teacher professional development. Major trends in the forecast period include education technology innovation, digital learning platforms, technological integration, personalized learning approaches, focus on steam education.

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Segmentation & Regional Insights

The elementary and secondary schools market covered in this report is segmented –

1) By Type: Primary School, Middle School, Secondary School

2) By Type of Expenditure: Public, Private

3) By Ownership: Government, Local Body, Other Ownerships

4) By Fee Structure: Low-Income, Medium-Income, High-Income

Asia-Pacific was the largest region in the elementary and secondary schools market in 2023. Western Europe was the second-largest region in the elementary and secondary schools market. The regions covered in the elementary and secondary schools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

An increase in spending on education is expected to propel the growth of the elementary and secondary schools market. Spending on education refers to the expenses of the various activities of schools. The higher spending also leads to higher revenues for the schools. For Instance, according to the 2022 report, Annual Survey of School System Finances by the U.S. Census Bureau, an agency of the government of the US aimed to collect accurate information about the country’s population and economy, total revenue for public school systems increased to $584.9 billion in FY 2020, from $572.5 billion in FY 2019. Total expenditure by these reporting areas grew to $586.4 billion in FY 2020, an increase from $571.8 billion in FY 2019. Therefore, the increase in spending on education is driving the growth of the elementary and secondary schools market going forward.

Key Industry Players

Major companies operating in the elementary and secondary schools market report are Apple Inc., The home depot lnc., Robert Bosch GmbH, Panasonic Corporation, Best Buy Co. Inc., Midea Group, Candy Group, Haier Group Corporation, Avnet Inc., MediaMarktSaturn Retail Group, Ceconomy AG, Toshiba Corporation, Whirlpool Corporation, Koninklijke Philips N.V., GOME Retail Holdings Limited, Fnac Darty SA, Office Depot lnc., Dixons Carphone plc, Gamestop Corp., Bic Camera Inc., RadioShack Corporation, GE Appliance, Fry’s Electronics lnc., Hhgregg Inc., P.C. Richard & Son, Micro Electronics Inc., iRobot Corporation, Aqua Corporation, BrandsMart USA Superstore LLC, Nebraska Furniture Mart Inc., Abt Electronics lnc., RC Willey Home Furnishings lnc., Conn’s HomePlus lnc., Electronic Express lnc.

The elementary and secondary schools market report table of contents includes:

Executive Summary
Elementary And Secondary Schools Market Characteristics
Elementary And Secondary Schools Product/Service Analysis -Product/Service Examples
Elementary And Secondary Schools Market Trends And Strategies
Elementary And Secondary Schools Market – Macro Economic Scenario