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From 2022 to 2030, the worldwide book trade is projected to expand from its 2023 valuation of USD 139.39 billion at a CAGR (compound annual growth rate) of 3.9%.
Rising affluence and interest in reading have contributed to a surge in consumer expenditure on books, while format improvements have improved the reading experience for consumers. Academic publishers have historically held a lion's share of the market, while trade publishers have held a far smaller share. There is mutual benefit between the academic publishing industry and the schooling system. Most of these publishers focus on serving academic institutions that offer scientific, medical, and professional degrees.
The history of books is one of dramatic transformation. The market has evolved into new formats, such as e-books and audiobooks, from its origins in papyrus scrolls to the present day, with the arrival of digital media and new technology. In this way, the shift to digital reading has expanded the market for both readers and writers. Consideration of the digital medium of communication necessitates publishers' investment in the creation and promotion of content in text, audio, and video formats. Since 2013, HarperCollins has made efforts to collaborate with organizations like Scribd, a cloud-based digital library. Like J.K. Rowling's Pottermore, publishers can also provide their audience a visual online experience.
Consumers are looking for alternatives to buying new copies of their favorite titles as the rising cost of both print and digital editions presents a major threat to the industry. Voice of the Reader reports that customers are putting off purchases due to the high cost of books. As a result, when book prices are high, people look for ways to cut costs elsewhere, such as obtaining free or heavily reduced e-books from bargain newsletters or purchasing used books. Textbook prices have also gone up in tandem with this trend.
The worldwide COVID-19 epidemic caused a surge in book sales, especially in the residential market. As a result of the pandemic, hundreds of thousands of individuals around the world are now working from home, giving them more time for hobbies and personal growth. Tens of thousands of consumers wanted books at this time of uncertainty and turbulence so that they may concentrate on personal growth and fill their downtime with worthwhile activities. As a result, the demand for books has increased.
By 2021, the North American continent would account for more than 30% of the world's book sales. The abundance of local publishing houses and independent authors is expected to fuel the industry's expansion. The market is expected to rise thanks, in part, to the increasing number of readers in North America. Amazon dominates the North American book market, with Barnes & Noble coming in second.
Additionally, it is estimated that hardcover books would maintain the highest market share, while audiobooks will expand rapidly. It is also expected that the number of people reading e-books would rise in the area. With more and more people preferring to buy books online or sign up for e-book subscription services, many brick-and-mortar bookstores have been struggling.
Report Coverage
Global Books research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Books report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Books competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Books market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Books market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Books market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Penguin Random House, Hachette Book Group, HarperCollins Publishers, Simon & Schuster, Inc., Pearson, Macmillan Publishers, Scholastic Inc., Marvel Comics, Morris Publishing, IDW Publishing.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Books market based on the below-mentioned segments:
Global Books Market, By Type
Science
Historical
Mystery
Fantasy
Literary
Contemporary/Realistic
Romance
Educational
Comic
Others
Global Books market, By Format
Hard Copy
E-Books
Audiobooks
Global Books Market, By Distribution Channel
Online
Local Book Shops
Retail Shops
Specialty Stores
Global Books market, Regional Analysis
Rising affluence and interest in reading have contributed to a surge in consumer expenditure on books, while format improvements have improved the reading experience for consumers. Academic publishers have historically held a lion's share of the market, while trade publishers have held a far smaller share. There is mutual benefit between the academic publishing industry and the schooling system. Most of these publishers focus on serving academic institutions that offer scientific, medical, and professional degrees.
The history of books is one of dramatic transformation. The market has evolved into new formats, such as e-books and audiobooks, from its origins in papyrus scrolls to the present day, with the arrival of digital media and new technology. In this way, the shift to digital reading has expanded the market for both readers and writers. Consideration of the digital medium of communication necessitates publishers' investment in the creation and promotion of content in text, audio, and video formats. Since 2013, HarperCollins has made efforts to collaborate with organizations like Scribd, a cloud-based digital library. Like J.K. Rowling's Pottermore, publishers can also provide their audience a visual online experience.
Consumers are looking for alternatives to buying new copies of their favorite titles as the rising cost of both print and digital editions presents a major threat to the industry. Voice of the Reader reports that customers are putting off purchases due to the high cost of books. As a result, when book prices are high, people look for ways to cut costs elsewhere, such as obtaining free or heavily reduced e-books from bargain newsletters or purchasing used books. Textbook prices have also gone up in tandem with this trend.
The worldwide COVID-19 epidemic caused a surge in book sales, especially in the residential market. As a result of the pandemic, hundreds of thousands of individuals around the world are now working from home, giving them more time for hobbies and personal growth. Tens of thousands of consumers wanted books at this time of uncertainty and turbulence so that they may concentrate on personal growth and fill their downtime with worthwhile activities. As a result, the demand for books has increased.
By 2021, the North American continent would account for more than 30% of the world's book sales. The abundance of local publishing houses and independent authors is expected to fuel the industry's expansion. The market is expected to rise thanks, in part, to the increasing number of readers in North America. Amazon dominates the North American book market, with Barnes & Noble coming in second.
Additionally, it is estimated that hardcover books would maintain the highest market share, while audiobooks will expand rapidly. It is also expected that the number of people reading e-books would rise in the area. With more and more people preferring to buy books online or sign up for e-book subscription services, many brick-and-mortar bookstores have been struggling.
Report Coverage
Global Books research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Books report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Books competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Books market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Penguin Random House, Hachette Book Group, HarperCollins Publishers, Simon & Schuster, Inc., Pearson, Macmillan Publishers, Scholastic Inc., Marvel Comics, Morris Publishing, IDW Publishing. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Books Market from 2021 to 2030.
- Market Forecast for Books Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Books competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Books
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Books market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Books market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Penguin Random House, Hachette Book Group, HarperCollins Publishers, Simon & Schuster, Inc., Pearson, Macmillan Publishers, Scholastic Inc., Marvel Comics, Morris Publishing, IDW Publishing.
Primary Target Market
- Market Players of Books
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Books market based on the below-mentioned segments:
Global Books Market, By Type
Science
Historical
Mystery
Fantasy
Literary
Contemporary/Realistic
Romance
Educational
Comic
Others
Global Books market, By Format
Hard Copy
E-Books
Audiobooks
Global Books Market, By Distribution Channel
Online
Local Book Shops
Retail Shops
Specialty Stores
Global Books market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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