Global Back To College Market

Back To College Market Size, Share, Growth Analysis, By Product Type(Electronics and Furniture), By Distribution Channel(Online retail, and Offline retail), By Region - Industry Forecast 2024-2031


Report ID: SQMIG30L2123 | Region: Global | Published Date: April, 2024
Pages: 198 |Tables: 60 |Figures: 78

Back To College Market Insights

Global Back To College Market size was valued at USD 347.70 billion in 2022 and is poised to grow from USD 361.61 billion in 2023 to USD 494.81 billion by 2031, growing at a CAGR of 4% during the forecast period (2024-2031).

Global back to college market refers to the spending by students and their families on educational supplies, technology, and other related products as they prepare to return to college or university. The rising interest in pursuing higher education propels market expansion, as evidenced by the increasing enrollment in colleges and educational institutions. The positive impact on college enrollments results from growing educational institutions, their expansion, and continual investments in infrastructure. The retail industry's improvements and developments during the forecast period also facilitate the market's enlargement. In 2021, families spent USD 141.0 more compared to 2020, per household on college products and supplies, according to the National Retail Federation. The market is anticipated to experience healthy and steady growth as colleges reopen to offline learning to restore normalcy. As enrollment in graduate and post-graduate colleges continues to rise, the market is boosted by increased spending on college supplies. Post-school education is increasingly crucial worldwide as it plays a significant role in career and employment. According to European Higher Education Area key data, the number of students is continuously increasing, with a 90.0% total enrollment increase between 2000 and 2017. However, market growth is restrained by declining demand for stationery supplies, such as writing supplies. Consumers and classrooms are becoming techno-savvy, with the rising trend of smart classrooms, leading to increased use of electronic gadgets. The increased use of electronic devices subsequently lowers the demand for stationery supplies, hindering market growth.

US Back To College Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 347.70 billion

Largest Segment

Electronics

Fastest Growth

Electronics

Growth Rate

4% CAGR

Global Back To College Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)

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Back To College Market Segmental Analysis

Global Back To College market is segmented by product type, and distribution channel. Based on type, the Back To College Market can be segmented into electronics and furniture. Based on distribution channel, the Back To College Market is segmented into online retail, and offline retail. Based on region, the Back To College Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Back To College Market Analysis by Type

By type, the market can be segmented into electronics and furniture. The electronics segment of the back-to-college market includes laptops, tablets, smartphones, printers, and other electronic accessories. This segment dominates with a significant market share due to the high demand for technology products among college students. The increasing need for digital devices for online classes, research, and communication has further boosted the demand for electronic products in this market. Moreover, the technological advancements and innovations in the electronics industry, such as the development of 5G technology and foldable smartphones, have also contributed to the growth of this segment.

The furniture segment of the back-to-college market includes beds, desks, chairs, bookshelves, and other dorm room furniture. This segment is the second-largest product type in the market, with a significant share. The need for comfortable and functional furniture in dorm rooms and apartments primarily drives the demand for furniture products. The growth of this segment is also attributed to the increasing number of college students opting for off-campus housing, which requires them to purchase furniture for their living spaces. Furthermore, the rise of online furniture retailers has made it easier for students to purchase affordable and stylish furniture.

Back To College Market Analysis by Distribution Channel

By distribution channel, the market can be segmented into online retail and offline retail. The online market segment of the back-to-college market includes e-commerce platforms such as Amazon, Alibaba, and Walmart, among others. The increasing popularity of online shopping among college students due to its convenience, accessibility, and a wider range of products has contributed to this segment growth. The ongoing pandemic has also accelerated the shift towards online shopping as more students prefer to shop online to avoid crowded stores and ensure social distancing.

The offline market segment of the back-to-college market includes department stores, specialty stores, supermarkets, and other brick-and-mortar retailers. This segment is the second-largest distribution channel in the market, with a significant share. The offline market allows students to physically see and touch the products they are interested in purchasing, which can be beneficial for certain products such as furniture. However, this segment has experienced a decline in recent years due to the increasing popularity of online shopping.

Global Back To College Market Size By Product Type, 2022 (%), 2023 (%)

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Back To College Market Regional Insights

North America dominated the global back-to-college market. This is due to the high rate of enrollment in colleges and universities, the availability of financial aid, and the presence of major retailers that offer a wide range of products. In North America, the United States is the largest market, followed by Canada, while in Europe, the United Kingdom and Germany are the dominant markets.

The Asia Pacific region is expected to witness the fastest growth in the global market due to increasing enrollment rates, rising disposable incomes, and growing awareness about the importance of education. China and India are the largest markets in the region, and are projected to experience significant growth over the forecast period. In addition, the region is witnessing a surge in e-commerce platforms, which is driving growth in the online retail segment of the back-to-school market.

Global Back To College Market By Geography, 2022-2030, 2024-2031
  • Largest
  • Fastest

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Back To College Market Dynamics

Back To College Market Drivers

Increasing enrolment in colleges and universities

  • One significant driver of the global back-to-college market is the increasing enrolment in colleges and universities. The rising demand for education and the growing importance of post-school education in career and employment is driving the demand for educational supplies and products. This has led to the expansion of the market, with retailers offering a wide range of products such as textbooks, electronics, dorm room supplies, clothing, and personal care items to cater to the increasing demand from students and their families.

Back To College Market Restraints

Declining demand for traditional stationery supplies

  • One significant restraint of the global back-to-college market is the declining demand for traditional stationery supplies, such as writing materials. With the growing trend of digitalization and technology, students and classrooms are becoming increasingly tech-savvy, resulting in a shift towards electronic gadgets for note-taking and other educational purposes. This has led to a decrease in demand for traditional stationery supplies and may impact the growth of the back-to-school market. Retailers must adapt and offer a wider range of digital products to cater to this trend and maintain market relevance.

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Back To College Market Competitive Landscape

The global back-to-college market is highly competitive, with numerous regional and global players. Companies are focusing on product innovation, expansion of distribution channels, and strategic collaborations to gain a competitive edge. The market is characterized by the presence of a diverse range of products, including textbooks, electronics, stationery, and apparel, which cater to the diverse needs of students. Retailers must also adapt to changing consumer preferences and offer a mix of online and offline retail channels to remain competitive in the market.

Back To College Market Top Player’s Company Profiles

  • Amazon.com, Inc.
  • Walmart Inc.
  • Target Corporation
  • Bed Bath & Beyond Inc.
  • The Home Depot, Inc.
  • Costco Wholesale Corporation
  • Best Buy Co., Inc.
  • Macy's, Inc.
  • Kohl's Corporation
  • J.C. Penney Company, Inc.
  • Apple Inc.
  • Dell Technologies Inc.
  • HP Inc.
  • Lenovo Group Limited
  • Microsoft Corporation
  • Samsung Electronics Co., Ltd.
  • Sony Corporation
  • Adidas AG
  • Nike, Inc.
  • Under Armour, Inc.

Back To College Market Recent Developments

  • In March 2023, Target announced a new program called "Target School Fundraiser" to allow schools to raise funds by partnering with Target.
  • In February 2023, Walmart announced a new partnership with Boys & Girls Clubs of America to provide educational resources to children in underserved communities.
  • In May 2022, Best Buy announced a new program called "Geek Squad Academy" to teach technology skills to young students.

Back To College Key Market Trends

  • One of the key market trends in the global back-to-college market is the increasing demand for online shopping platforms. With the ongoing pandemic, students are more inclined to shop online due to the convenience, wider product range, and the ability to avoid crowded stores. Additionally, retailers invest heavily in digital marketing strategies to attract customers, offering online discounts and promotions. Another trend is the increasing popularity of eco-friendly and sustainable products as students become more conscious of their environmental impact. These trends are expected to drive the growth of the market in the coming years.

Back To College Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global back-to-college market analysis, the market includes a wide range of products such as electronics, furniture, textbooks, and school supplies. The market has been growing steadily due to the increasing number of college students and their demand for various products. Key market trends include the growing demand for online shopping platforms and the popularity of eco-friendly and sustainable products. Retailers invest heavily in digital marketing strategies and offer online discounts to attract customers.

Report Metric Details
Market size value in 2023 USD 347.70 billion
Market size value in 2031 USD 494.81 billion
Growth Rate 4%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product Type
    • Electronics and Furniture
  • Distribution Channel
    • Online retail, and Offline retail
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Amazon.com, Inc.
  • Walmart Inc.
  • Target Corporation
  • Bed Bath & Beyond Inc.
  • The Home Depot, Inc.
  • Costco Wholesale Corporation
  • Best Buy Co., Inc.
  • Macy's, Inc.
  • Kohl's Corporation
  • J.C. Penney Company, Inc.
  • Apple Inc.
  • Dell Technologies Inc.
  • HP Inc.
  • Lenovo Group Limited
  • Microsoft Corporation
  • Samsung Electronics Co., Ltd.
  • Sony Corporation
  • Adidas AG
  • Nike, Inc.
  • Under Armour, Inc.

Back To College Market Recent Developments

  • In March 2023, Target announced a new program called "Target School Fundraiser" to allow schools to raise funds by partnering with Target.
  • In February 2023, Walmart announced a new partnership with Boys & Girls Clubs of America to provide educational resources to children in underserved communities.
  • In May 2022, Best Buy announced a new program called "Geek Squad Academy" to teach technology skills to young students.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Back To College Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Back To College Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Back To College Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Back To College Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Back To College Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Back To College Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Back To College Market size was valued at USD 347.70 billion in 2022 and is poised to grow from USD 361.61 billion in 2023 to USD 494.81 billion by 2031, growing at a CAGR of 4% during the forecast period (2024-2031).

The back-to-college market is highly competitive, with numerous regional and players. Companies are focusing on product innovation, expansion of distribution channels, and strategic collaborations to gain a competitive edge. The market is characterized by the presence of a diverse range of products, including textbooks, electronics, stationery, and apparel, which cater to the diverse needs of students. Retailers must also adapt to changing consumer preferences and offer a mix of online and offline retail channels to remain competitive in the market. 'Amazon.com, Inc.', 'Walmart Inc.', 'Target Corporation', 'Bed Bath & Beyond Inc.', 'The Home Depot, Inc.', 'Costco Wholesale Corporation', 'Best Buy Co., Inc.', 'Macy's, Inc.', 'Kohl's Corporation', 'J.C. Penney Company, Inc.', 'Apple Inc.', 'Dell Technologies Inc.', 'HP Inc.', 'Lenovo Group Limited', 'Microsoft Corporation', 'Samsung Electronics Co., Ltd.', 'Sony Corporation', 'Adidas AG', 'Nike, Inc.', 'Under Armour, Inc.', 'In March 2023, Target announced a new program called "Target School Fundraiser" to allow schools to raise funds by partnering with Target.', 'In February 2023, Walmart announced a new partnership with Boys & Girls Clubs of America to provide educational resources to children in underserved communities.', 'In May 2022, Best Buy announced a new program called "Geek Squad Academy" to teach technology skills to young students.'

One significant driver of the back-to-college market is the increasing enrolment in colleges and universities. The rising demand for education and the growing importance of post-school education in career and employment is driving the demand for educational supplies and products. This has led to the expansion of the market, with retailers offering a wide range of products such as textbooks, electronics, dorm room supplies, clothing, and personal care items to cater to the increasing demand from students and their families.

One of the key market trends in the back-to-college market is the increasing demand for online shopping platforms. With the ongoing pandemic, students are more inclined to shop online due to the convenience, wider product range, and the ability to avoid crowded stores. Additionally, retailers invest heavily in digital marketing strategies to attract customers, offering online discounts and promotions. Another trend is the increasing popularity of eco-friendly and sustainable products as students become more conscious of their environmental impact. These trends are expected to drive the growth of the market in the coming years.

North America dominated the back-to-college market. This is due to the high rate of enrollment in colleges and universities, the availability of financial aid, and the presence of major retailers that offer a wide range of products. In North America, the United States is the largest market, followed by Canada, while in Europe, the United Kingdom and Germany are the dominant markets.

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Global Back To College Market

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