智慧教育引擎：教学仪器创新设计与精工智造领航先锋 头豹词条报告系列

Investment Rating - The report indicates a positive investment outlook for the educational instrument manufacturing industry, with a projected compound annual growth rate (CAGR) of 7.70% from 2024 to 2028, following a CAGR of 10.87% from 2018 to 2023 [32]. Core Insights - The educational instrument manufacturing industry is experiencing continuous market growth driven by increased educational investment, expansion of online education users, and growth in the number of compulsory education students. However, challenges such as long equipment update cycles, high entry barriers, and low market efficiency persist [4][11]. - The demand for educational instruments is expected to remain robust due to the ongoing development of China's education sector, with the number of enrolled students increasing from 276 million in 2018 to 293 million in 2023, and total educational funding rising from 4,614.3 billion RMB to 6,134.4 billion RMB during the same period [20][33]. Industry Definition - The educational instrument industry focuses on creating and providing specialized equipment and tools tailored to specific teaching needs across various educational stages and disciplines. This includes a wide range of teaching devices, general instruments, and non-specialized equipment [5]. Industry Characteristics - The educational instrument manufacturing industry is characterized by long equipment update cycles, high entry barriers, and low market efficiency. The average update cycle for educational instruments is 8 to 10 years, and many instruments are used for over a decade before replacement is considered [11][12]. Industry Development History - The educational instrument industry in China has evolved through four stages: initiation (1949-1978), turbulence (1978-1985), rapid growth (1985-2010), and the current phase of information-based balanced development (2010-present). The industry is now moving towards intelligent, personalized, and international development [14][18]. Industry Scale - The market size of the educational instrument manufacturing industry grew from 960 billion RMB in 2018 to 1,600 billion RMB in 2023, with a CAGR of 10.87%. It is projected to reach 2,390 billion RMB by 2028 [32][33]. Policy Overview - Recent policies emphasize the modernization of educational equipment, with significant funding support for updating outdated teaching and research devices. The "Implementation Plan for Major Equipment Updates in the Education Sector" aims to enhance educational quality and research capabilities [38]. Competitive Landscape - The educational instrument manufacturing industry features multiple tiers of companies, with leading firms like China Teaching Instrument Equipment Co., Ltd. and Zhejiang Qiushi Science Education Equipment Co., Ltd. dominating the market. The industry is characterized by regional disparities and a historical prevalence of family-run businesses [42][44].