The Danish books retail market in specialized stores has shown a consistent downward trend from 2013 to 2023, decreasing from 276.1 million Euros to 187.2 million Euros. The sector realized a overall Compound Annual Growth Rate (CAGR) of around -3.08% over the past five years. Specifically, the annual variations reflect continuous declines, even if the rate of reduction modestly slowed down over recent years, dropping by about 3.06%. This forecasted trend indicates continued declines, albeit at a slower rate, with an expected five-year CAGR of -1.88%, projecting the market to decrease to 165.5 million Euros by 2028.
Future trends to watch for include the shift towards digital formats and e-commerce platforms, evolving consumer preferences, potential regulatory changes affecting brick-and-mortar store operations, and strategies that retailers may implement to counteract declining sales, such as diversifying product offerings or enhancing in-store experiences.