Selbyville, DE -- (SBWIRE) -- 06/24/2019 -- The worldwide market for Reconfigurable Educational Robots is expected to grow at a CAGR of roughly 28.2% over the next five years, will reach 49 million US$ in 2024, from 14 million US$ in 2019, according to a new study.

Reconfigurable educational robots are robots that can be configured physically into different form factors with minimal programming or by joining together various elements of the robot. ,Reconfigurable educational robots show the promise of great versatility, robustness and low cost. It is a modular, self-reconfigurable system that is being used to explore the hardware reality of a robot with a large number of interchangeable modules.

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According to the Segmentation of types, all the market of Reconfigurable Educational Robots can be divided as follows:

The first main kind is Wheeled Robots, it hold a comparatively larger share in global market, which accounts for about 60.73% in 2018.

Another main kind is Humanoid Robots, for many companies, humanoid robots is attractive because of the market trending. The Humanoid Robots share the rest 39.27% market share in 2018.

Crowdfunding campaigns have showed that there is plenty of scope for innovation. The world leading players in the Reconfigurable Educational Robots market are Lego, Makeblock, Fischertechnik, Modular Robotics, Innovation First International, Robotis, Pitsco, Evollve, Parallax, Cytron Technologies, Wonder Workshop, and so on. These Top companies currently account for more than 91% of the total market share and are expected to retain their dominating hold over the market during the forecast period. As consumer interest increases, this market will attract other major companies which want to extend their brand equity.

Questions that the report answers with regards to the competitive hierarchy of the Reconfigurable Educational Robots market:

- As per the Reconfigurable Educational Robots report, which are the firms that fall under the competitive landscape of the industry in question?

- Which among these contenders – Lego, Makeblock, Fischertechnik, Modular Robotics, Innovation First International, Robotis, Pitsco, Evollve, Parallax, Cytron Technologies and Wonder Workshop, is most likely to evolve as the most profitable investment hub of this market?

- How much market share do each of these companies accrue in the industry?

- What are the main products developed by these companies?

- What are the price trends and growth margins of every firm in the Reconfigurable Educational Robots market?

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Questions that the report answers with regards to the regional hierarchy of the Reconfigurable Educational Robots market:

- Which among the geographies of North America, Europe, Asia-Pacific, South America, Middle East and Africa is touted to procure the maximum market share?

- What are the sales as well as revenue statistics of each of the zones in question?

- How much is the current valuation of every region and how much will the projected revenue of every region be pegged at?

- What is the estimated growth rate that may be registered by each of the Reconfigurable Educational Robots market regions?

Questions that the report answers with regards to the segmentation of the Reconfigurable Educational Robots market:

- Which among the product types – Wheeled Robots and Humanoid Robots, is touted to accrue maximum returns in the Reconfigurable Educational Robots market growth?

- How much is the market share of every type in the industry?

- What is the remuneration and the sales estimate of every product type by the end of the anticipated timeframe?

- Which application from Primary School, Secondary School and Others is most likely to be a highly profitable segment in the Reconfigurable Educational Robots market anlysis?

- How much is the market share of every application sector in the business?

- How much is the valuation which every application may register by the end of the projected period?
The Reconfigurable Educational Robots market study, in essence, comprises an extensive evaluation of this industry vertical focusing on the regional scope of this market as well as a slew of deliverables – like the insights with regards to market share, revenue estimation, market concentration rate, market competition trends, and sales volume. Further, the Reconfigurable Educational Robots market report encompasses information with regards to the sales channels that are adopted by diverse vendors to make sure that the best methodology for product marketing is chosen.

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