1. Market Research
  2. > Media and Entertainment
  3. > Publishing Market Trends
Books Market Size, Share & Trends Analysis Report By Type, By Distribution Channel, By Format, By Region And Segment Forecasts, 2021 - 2028

Books Market Size, Share & Trends Analysis Report By Type, By Distribution Channel, By Format, By Region And Segment Forecasts, 2021 - 2028

  • September 2021
  • 83 pages
  • ID: 6151354
  • Format: PDF
  • Grand View Research

Summary

Table of Contents

Books Market Size, Share & Trends Analysis Report By Type (Science, Historical, Mystery, Fantasy, Literary, Contemporary, Romance, Educational, Comic), By Distribution Channel, By Format, By Region, And Segment Forecasts, 2021 - 2028

Books Market Growth & Trends

The global books market size is anticipated to reach USD 159.3 billion by 2028. The market is expected to expand at a CAGR of 2.4% from 2021 to 2028. Increasing consumer spending on books supported by rising incomes and interest, as well as continued innovations in the format that have enhanced the overall reading experience, are among the key factors boosting the market.

The market has undergone significant changes over the last decade and has been heading in newer directions.The evolution of the commissioning process, backed by a generation of smart editors.

The three major areas involved in commissioning books-marketing, publicity, and sales and distribution-have all been evolving in ways that can profit the market.

For instance, Bloomsbury Publishing has reported record annual profits during the ongoing coronavirus pandemic as more people turned to reading books while sheltering at home. The publishing house saw a 14% increase in sales to reach GBP 185 million, while profits were up by more than one-fifth, reaching GBP 19.2 million in 2020. Similarly, in May 2021, a new book distribution company, operating under the Emirates Publishers Association, was formed to enable local publishers to expand their reach into regional and international markets with reduced operating costs.

Based on type, the market is divided into fiction, romance, educational, novels, comics, and others (including classics and biographies).There is more innovative publishing in the fiction books segment, with digital platforms and companies such as Potter more that create a visual and immersive experience for readers.

The increasing penetration of audiobooks in developed and developing countries is also anticipated to supplement the growth of various fictional books.

Additionally, the increasing penetration of internet services in developing countries like India and China is anticipated to boost market growth.The growth of the other books segment has been stunted, as the buying decision for books in this category is often in the hands of government institutes or academic institutes.

Additionally, students now prefer to rent their textbooks rather than purchasing them, which is anticipated to further inhibit the growth of the segment.

Different media of selling products and services in the market, with the onset of digital technology in the publishing industry, have paved the way for higher product adoption among consumers. Book royalties emerge from various sources in the current scenario, which include retail, subscription services, digital library providers, and regional stores.

The retail format has a higher reach among global readers, with the usual one-copy purchase business model adopted by players such as Amazon, Apple Books, Barnes & Noble, Google Play Books, and Kobo.Subscription services work in the form of applications or stores that provide unlimited access to books in exchange for a monthly fee, such as Scribd, Bookmate, and Dreame.

Digital library providers not only let individuals borrow books but also help institutions like public libraries, schools, universities, or corporate libraries such as OverDrive, Bibliotheca, Mackin, and Odilo.

Key players operating in the market account for a considerable share of the market and are focusing on strategies such as acquisitions, collaborations, and new launches to maximize their share and strengthen their positions.Rapid changes in the industry owing to the shift from traditional methods to digital ownership can help the market players scale newer dimensions and boost adoption.

A recent survey of 400 librarians in the U.S. and Canada found that one-third are spending less on physical books, audiobooks, and DVDs, and more on digital versions since the pandemic began.

In September 2020, libraries in the U.K. witnessed a huge uptick in the number of audiobooks and eBooks being loaned out. All branches lent an additional 3.5 million eBooks from 13th March to 14th August, according to a blog by Good e-Reader. Chrys Mellor, General Manager of Libraries at North Yorkshire County Council, stated that the demand for eBooks and audiobooks was up by 78% and 3,000 new members signed up for cards during the lockdown.

Books Market Report Highlights
• The mystery books segment dominated the market and accounted for the largest revenue share in 2020. By 2028, this segment is expected to account for total market share of 17.5%
• The local book shops segment accounted for the largest revenue of 50.3% in 2020 and was valued at USD 66.5 billion. Whereas, in 2020 the online segment generated revenue of USD 38.9 billion and by 2028 is estimated to be valued at 46.9 billion
• The hardcopy segment dominated the market and held the largest revenue share of 78.9% in the year 2020
• North America held the largest revenue share of 32.9% in 2020 on account of the presence of a large number of independent publishers and publishing companies in the region

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Children And Young Adult Books Global Market Opportunities And Strategies To 2030: COVID-19 Growth And Change

  • $ 4000
  • September 2021
  • 247 pages

Children And Young Adult Books Global Market Opportunities And Strategies To 2030: COVID-19 Growth And Change provides the strategists, marketers and senior management with the critical information they ...

  • World
  • APAC
  • Printed Book
  • Industry analysis
  • Gross Domestic Product Per Capita
  • Disposable Income

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on