The global whiteboard market is anticipated to grow at a considerable CAGR 6% during the forecast period (2022-2028). The rise in the number of students attending schools and other educational institutions is anticipated to drive the growth of the global whiteboard market. According to the data published by National Center for Education Statistics (NCES), in 2020 approximately 49.4 students attended public schools from prekindergarten to grade 12, including upgraded students. Out of 49.4 million public school students, 1.2 million attended prekindergarten, 3.4 million attended kindergarten, 34.1 million attended pre-kindergarten to grade 8, and 15.3 million attended graded 9 to 12. Moreover, in 2019-2020, nearly 4.7 million students attended private schools. In addition, nearly 3.7 million students are estimated to have graduated from high school in 2019, including 3.3 million students from public schools and 0.4 million students from private schools. Thus, the increasing number of students attending schools and other educational institutions is anticipated to fuel the demand for the global whiteboard market.
The increasing number of educational institutions is anticipated to drive the growth of the global whiteboard market. According to data published by India Brand Equity Foundation (IBEF) in 2022, the number of colleges reached 42,343 in 2020. Further, in 2021 -2022, there are 8,997 total AICTE-approved institutes in India. Out of these, there are 3,627 undergraduate, 4,790 postgraduate, and 3,994 diploma institutes. Thus, the increasing number of students coupled with a growing number of educational institutions are anticipated to fuel the demand for the global whiteboard market.
Looking toward the demand for the whiteboard, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in April 2022, ClickUp launched a whiteboard to develop work from home analytics. The Clickup’s whiteboard offers real-time collaboration, wherein users can add existing tasks to whiteboards and find links between tasks, and documents and create new tasks directly from whiteboards. In addition, users can add content to the whiteboard in a variety of ways from drawing text, shapes, and notes and possess the ability to embed images and other media files. Thus, such launches are anticipated to drive the growth of the global whiteboard market during the forecast period (2022-2028)
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Metroplan, GMI Co., and Canadian Blackboard among others
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global White Board Market Report by Segment
By Type
- Melamine Whiteboard
- Porcelain Whiteboard
- Glass Whiteboard
By Application
- Schools
- Office
- Household
- Others
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