Market revenue in 2023 | USD 745,922.4 million |
Market revenue in 2030 | USD 1,518,386.5 million |
Growth rate | 10.7% (CAGR from 2023 to 2030) |
Largest segment | High school (9-12) |
Fastest growing segment | Middle School (6-8) |
Historical data | 2017 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Elementary School (K-5), Middle School (6-8), High School (9-12) |
High school (9-12) was the largest segment with a revenue share of 46.18% in 2023. Horizon Databook has segmented the U.S. k-12 education market based on elementary school (k-5), middle school (6-8), high school (9-12) covering the revenue growth of each sub-segment from 2017 to 2030.
Public education in the U.S. is heavily influenced by federal, state, and local government funding. Numerous programs, such as Title I, the Individuals with Disabilities Education Act (IDEA), and Every Student Succeeds Act (ESSA), provide significant financial resources that shape educational priorities, especially in low-income and special education sectors.
Moreover, the U.S. is facing a significant shortage of teachers, particularly in subjects such as math, science, and special education. This has led to increased efforts in teacher recruitment, retention, and professional development to ensure that educators are well-equipped to handle diverse and changing classroom environments.
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