Books Market Overviews
Books Market was valued at US$ 151.88 Bn. in 2023. Books Market size is estimated to grow at a CAGR of 3% over the forecast period.
Consumer books have been called ‘analog’ in the digital age, but books are ubiquitous, inexpensive, and continue to feed the entertainment and information needs of people around the world centuries after the printing press was invented. It is safe to say the market isn’t thought of very much by most adults: they think about books one at a time or not at all. Even though a print book today looks very much like one that had been purchased decades earlier, a perfect storm of changes has been affecting the books market and every player in it.
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Books Market Scope and Methodology:
Industry innovation with the advent of audio and video-based eBooks has attracted consumers in all regions. Easy access to paperback copies by people with disabilities and non-English speaking groups is one of the key factors driving the books market growth. The publishing industry is constantly evolving with the emergence of new categories that are attracting the attention of consumers. The new adult genre is well established in the market. As the popularity of novels and short stories declined, another genre became more prominent than offsetting the decline in fiction sales. Poetry reading gained popularity among U.S. adults, increasing by 76% from 2017 to 2019.
Increased personal consumption, coupled with growing interest in personal development, is driving the books market. Today, consumers tend to invest in the hobbies and areas of interest they enjoy. Leisure activities are also emphasized, leading to an increase in readers. This has led to greater dynamics in the market. With increasing purchasing power, consumers are willing to spend money on a variety of products and services according to their hobbies and interests.
Books Market Regional Insights
The presence of a significant number of independent publishers and publishing businesses in the region is expected to enhance the industry. North America dominated the market with 33.5 % in 2023 the increased number of voracious readers in North America is expected to drive the books market.
Through the forecast period, the market in the Asia Pacific is expected to grow at a CAGR of 5.6 %. Local publishers now dominate the region, although demand for international novels is expected to rise. However, because many other languages are spoken here, regional language books are in higher demand than English literature. These factors are expected to drive the growth of the market in this region.
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Books Market Segmentation
By Product
Science
History
Mystery
Comics
Others
By Distribution Channel
Online
Local Book Shops
Retail Shops
Specialty Stores
By Format
Hard Copy
E-Book
Books Market Key Players
Penguin Random House
Hachette Book Company
HarperCollins Publishers
Simon & Schuster, Inc.
MacMillan Publishers
Pearson
Scholastic, Inc.
MARVEL
Morris Publishing
IDW Publishing
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Key questions answered in the Books Market are:
- What is Books ?
- What was the Books market size in 2023?
- What is the growth rate of the Books Market?
- Which are the factors expected to drive the Books market growth?
- What are the different segments of the Books Market?
- What growth strategies are the players considering to increase their presence in Books ?
- What are the upcoming industry applications and trends for the Books Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Books Market?
- Who are the leading companies and what are their portfolios in Books Market?
- What segments are covered in the Books Market?
- Who are the key players in the Books market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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