Forecast: Production of Publishing in the US

From 2013 to 2019, the US publishing industry's production value exhibited steady growth, peaking at $407.66 billion. However, the sector faced a significant contraction in 2020, with a notable year-on-year decline of 16.05%. Despite this setback, the industry quickly rebounded, achieving a strong 25.72% growth in 2021. By 2023, the production value reached $440.28 billion, reflecting a 2.12% year-on-year increase.

Over the last five years (2019-2023), the average annual growth rate (CAGR) of the industry stood at 2.56%. Looking ahead, the forecasted CAGR from 2024 to 2028 is 1.61%, forecasting a growth of 8.33% through 2028.

Future trends to watch for:

• Digital transformation and the increasing role of e-books and online publishing.
• Adoption of advanced analytics and data-driven strategies to understand consumer behavior.
• Evolving subscription models and bundled content offerings.
• Expansion in the educational publishing sector, particularly digital learning tools.