A Chinese robotics startup, Makeblock, is taking Western and other developed markets by storm with its educational robots and compatible software, according to a recent article published on Nikkei Asian Review. The Shenzhen based educational robots startup has achieved higher sales than in its domestic market, of which 70% of its robotics products were shipped to the global market last year, mainly to the U.S., Europe and Japan.
Makeblock is nowadays one of the leaders in the global educational robots market, offering various of products from do-it-yourself robot building kit to programmable robotics in more than 20,000 schools worldwide. Apart from its innovation and R&D driven business model, Makeblock’s success is also mainly attributed to the significant growth of the global educational robots market. The article cited Technavio’s Global Educational Robots Market Reports 2018-2022 and revealed the fact that the global demand for educational robots is rising with a substantial speed over the recent years.
According to Technavio’s latest market research, the global market for educational robots is expected to reach more than $6 billion by 2020, while the market growth is expected to register a CAGR of more than 21% by 2022. The market report also identifies Fischer Group, Lego, Makeblock and Modular Robotic as some of the world’s leading educational robots companies.
Attribution: Nikkei Asian Review originally published this article and explored how the Chinese robotics startup Makeblock successfully cracked the global educational robots market to become one of the industry leaders in the worldwide. Nikkei Asian Review also highlighted the growth of the global educational robots market and driving factors by presenting the market data sourced from Technavio’s market research report on this topic.
For more information about the global educational robots market size, top educational robots companies, and future trends in this market, please check this following market report: