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Aug 26, 2024  |  Published by: First Research, Inc.  |  USD 129

... all of which have a global sphere of influence. Major companies outside the US include Bertelsmann and ProSiebenSat1 Media (both based in Germany). COMPETITIVE LANDSCAPE Massive media conglomerates dominate the global content production and distribution ... Read More

Books Printing - 2024 U.S. Market Research Report with Updated Recession Risk Forecasts

Aug 05, 2024  |  Published by: Kentley Insights  |  USD 295

... United States with over 100 data sets covering 2015-2028. This 63-page Kentley Insights report is packed with insightful data sets and forecasts to give you a comprehensive understanding of the industry including historical and forecasted ... Read More

Book Stores & News Dealers - 2024 U.S. Market Research Report with Updated Recession Risk Forecasts

... and in-depth assessments of the retail sector in the United States with over 100 data sets covering 2015-2028. This Kentley Insights report includes historical and forecasted market size, ecommerce, product lines, inventory turns, gross margin, ... Read More

Aug 05, 2024  |  Published by: First Research, Inc.  |  USD 129

... companies include Advance Publications, Hallmark, Hearst, and News Corp (all based in the US), as well as Axel Springer (Germany), Pearson and RELX Group (both based in the UK), Thomson Reuters (Canada), and Wolters Kluwer ... Read More

2024 Book Publishers Global Market Size & Growth Report with Updated Recession Risk Forecasts

... regions, 22 subregions, and 195 countries. Historical data is from 2012 through 2023, with forecasts for 2024 and 2027. The historical data utilizes in-depth survey results from companies in the Book Publishers industry combined with ... Read More

2024 Books Retail Sales Global Market Size & Growth Report with Updated Recession Risk Impact

... across 4 global regions (The Americas, Europe, Asia & Oceania, Africa & Middle East), 22 subregions, and 195 countries. Figures are from 2012 through 2023, with forecasts for 2024 and 2028. The historical data utilizes ... Read More

2024 General Reference Books Retail Sales Global Market Size & Growth Report with Updated Recession Risk Impact

... revenue, growth, and share across 4 global regions (The Americas, Europe, Asia & Oceania, Africa & Middle East), 22 subregions, and 195 countries. Figures are from 2012 through 2023, with forecasts for 2024 and 2028. ... Read More

2024 Newspaper, Periodical, Book, and Directory Publishers Global Market Size & Growth Report with Updated Recession Risk Forecasts

... revenue, growth, and regional share across 4 global regions, 22 subregions, and 195 countries. Historical data is from 2012 through 2023, with forecasts for 2024 and 2027. The historical data utilizes in-depth survey results from ... Read More

Book Stores - 2024 U.S. Market Research Report with Updated Recession Risk Forecasts

... sector in the United States with over 100 data sets covering 2015-2028. This Kentley Insights report includes historical and forecasted market size, ecommerce, product lines, inventory turns, gross margin, profitability, financial ratios, BCG matrix, statistics ... Read More

Book, Periodical & Music Stores - 2024 U.S. Market Research Report with Updated Recession Risk Forecasts

2024 books wholesale global market size & growth report with updated recession risk impact.

... global regions (The Americas, Europe, Asia & Oceania, Africa & Middle East), 22 subregions, and 195 countries. Figures are from 2012 through 2023, with forecasts for 2024 and 2028. The historical data utilizes in-depth survey ... Read More

2024 Publishing (except Internet) Global Market Size & Growth Report with Updated Recession Risk Forecasts

... 4 global regions, 22 subregions, and 195 countries. Historical data is from 2012 through 2023, with forecasts for 2024 and 2027. The historical data utilizes in-depth survey results from companies in the Publishing (except Internet) ... Read More

2024 Religious Books Retail Sales Global Market Size & Growth Report with Updated Recession Risk Impact

... and share across 4 global regions (The Americas, Europe, Asia & Oceania, Africa & Middle East), 22 subregions, and 195 countries. Figures are from 2012 through 2023, with forecasts for 2024 and 2028. The historical ... Read More

2024 Trade Books Retail Sales Global Market Size & Growth Report with Updated Recession Risk Impact

Book publishing (uk) - industry report.

Aug 01, 2024  |  Published by: Plimsoll Publishing Ltd.  |  USD 525

... out the most attractive acquisition opportunities • Analyse industry trends • Benchmark their own financial performance Using an exclusive methodology, a quick glance of this Book Publishing (UK) report will tell you the companies that ... Read More

Contract Publishing (UK) - Industry Report

... out the most attractive acquisition opportunities • Analyse industry trends • Benchmark their own financial performance Using an exclusive methodology, a quick glance of this Contract Publishing (UK) report will tell you the companies that ... Read More

Children's Book Publishers (UK) - Industry Report

... • Seek out the most attractive acquisition opportunities • Analyse industry trends • Benchmark their own financial performance Using an exclusive methodology, a quick glance of this Children's Book Publishers (UK) report will tell you ... Read More

Book Clubs (UK) - Industry Report

... out the most attractive acquisition opportunities • Analyse industry trends • Benchmark their own financial performance Using an exclusive methodology, a quick glance of this Book Clubs (UK) report will tell you the companies that ... Read More

Booksellers (UK) - Industry Report

... most attractive acquisition opportunities • Analyse industry trends • Benchmark their own financial performance Using an exclusive methodology, a quick glance of this Booksellers (UK) report will tell you the companies that have a declining ... Read More

Book Wholesalers & Distributors (UK) - Industry Report

... for failure • Seek out the most attractive acquisition opportunities • Analyse industry trends • Benchmark their own financial performance Using an exclusive methodology, a quick glance of this Book Wholesalers & Distributors (UK) report ... Read More

Non-Fiction Book Publishers (UK) - Industry Report

... • Seek out the most attractive acquisition opportunities • Analyse industry trends • Benchmark their own financial performance Using an exclusive methodology, a quick glance of this Non-Fiction Book Publishers (UK) report will tell you ... Read More

Publishing (UK) - Industry Report

... most attractive acquisition opportunities • Analyse industry trends • Benchmark their own financial performance Using an exclusive methodology, a quick glance of this Publishing (UK) report will tell you the companies that have a declining ... Read More

Global Open Access Journal Publishing

Jul 31, 2024  |  Published by: Freedonia Focus Reports  |  USD 1,100

... Directory of Open Access Journals (DOAJ) OA journal titles, and DOAJ OA journal articles. To illustrate historical trends, market data is provided for 2021, 2022, and 2023. The coverage of OA in this report includes ... Read More

E-Book Publishing in the UK - Industry Market Research Report

Jul 18, 2024  |  Published by: IBISWorld  |  USD 920

... is expected to fall at a compound annual rate of 2.9% over the five years through 2023-24 to £372.7 million. A declining trend for e-book publishing over the past five years has been fuelled by ... Read More

Global Book Publishing - Industry Market Research Report

Jul 14, 2024  |  Published by: IBISWorld  |  USD 1,095

... slowed physical print releases as supply chains were disrupted and publishers were forced to operate at a limited capacity. While physical bookstores were closed, online retailers could still deliver books directly to consumers' doorsteps, preventing ... Read More

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Books Market

Global Books Market Size, Share, Growth, Report, Analysis: By Type: Science, Fantasy, Mystery, Historical, Romance, Literary, Educational, Comic, Others; By Format: Hard Copy, E-Books, Audiobooks; By Distribution Channel; Online, Local Book Shops, Retail Shops, Speciality Stores; Regional Analysis; Competitive Landscape; 2024-2032

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Global Books Market Size

The global books market reached around USD 136.17 billion in 2023. The market is projected to grow at a CAGR of 1.4% between 2024 and 2032 to reach nearly USD 154.32 billion by 2032.

Global Books Market Outlook

• Globally, around 2.2 billion books are sold annually, with China, the UK, and the USA constituting over 72% of all sales.
• In 2023, the total revenue from book sales surged by 2.53% y-o-y, reaching $78.07 billion.
• In 2023, print books generated a revenue of $64.35 billion, which was a y-o-y growth of 2.24%.

Global Books Market Growth

In terms of sales, the United States of America (24.7%), China (19.4%), Germany (9.2%), Japan (8.7%), and the United Kingdom (3.5%) lead the market. By 2027, they are expected to raise their share in global book sales transactions (from 66.71% in 2023) to 68%. While local bookshops still contribute nearly 50.3% of sales revenue, readers are expected to gravitate towards online distribution channels (which presently account for 25% of overall book sales) due to rising levels of digital literacy.

While printed books still account for over 78% of book sales, audiobooks and e-books are expected to emerge as popular reading formats. In 2021, audiobooks and e-books accounted for 5.73% and 15.75%, respectively, however, by 2027, their share in overall sales is expected to reach 6.9% and 17.27% respectively.

Memoirs and biographies of political leaders have become extremely popular among readers. Former US President Obama’s book “A Promised Land” sold nearly 3.3 million copies in the first month of its release in the United States. “My Life” and “Decision Points”, which were memoirs of Bill Clinton and George W. Bush, sold nearly 3-4 million copies.

Global Books Industry Segmentation

Global Books Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Educational

Market Breakup by Format

Market Breakup by Distribution Channel

• Local Book Shops
• Retail Shops
• Speciality Stores

Market Breakup by Region

• North America
• Asia Pacific
• Latin America
• Middle East and Africa

Global Books Market Share

The market is segmented based on region into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. North America is projected to dominate the market, representing 26.7% of the overall market share amid the growing demand for e-books and audiobooks.

Over the forecast period of 2024-2032, the Asia Pacific is expected to grow at a CAGR of 1.7%, due to the rising popularity of audiobooks among readers. In the region, India is estimated to witness the fastest growth, growing at a CAGR of 1.9% during 2024-2032. This can be attributed to the evolving book distribution landscape, rising literacy rates in the country, and surging spending on education.

Leading Companies in the Global Books Market

Major publishing houses are using AI tools for content classification, plagiarism checks, and acquisitions, and to enhance book promotions and marketing efforts. The number of self-publishing books has also risen steadily in recent years.

• Penguin Random House LLC
• Hachette Book Group
• Pearson Plc
• IDW Media Holdings Inc.
• HarperCollins Publishers L.L.C.
• Simon & Schuster, LLC
• Holtzbrinck Publishing Group
• Scholastic Inc.
• Walt Disney Co. (Marvel Comics)
• Morris Publishing

Key Highlights of the Report

Books Market Report Snapshots

Books Market Size

Books Market Growth

Books Market Share

Books Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface 2    Report Coverage – Key Segmentation and Scope 3    Report Description        3.1    Market Definition and Outlook     3.2    Properties and Applications     3.3    Market Analysis     3.4    Key Players 4    Key Assumptions 5    Executive Summary     5.1    Overview     5.2    Key Drivers     5.3    Key Developments     5.4    Competitive Structure     5.5    Key Industrial Trends 6    Market Snapshot     6.1    Global     6.2    Regional 7    Opportunities and Challenges in the Market 8    Global Books Market Analysis     8.1    Key Industry Highlights     8.2    Global Books Historical Market (2018-2023)      8.3    Global Books Market Forecast (2024-2032)     8.4    Global Books Market by Type         8.4.1    Science             8.4.1.1    Historical Trend (2018-2023)             8.4.1.2    Forecast Trend (2024-2032)         8.4.2    Fantasy             8.4.2.1    Historical Trend (2018-2023)             8.4.2.2    Forecast Trend (2024-2032)         8.4.3    Mystery             8.4.3.1    Historical Trend (2018-2023)             8.4.3.2    Forecast Trend (2024-2032)         8.4.4    Historical             8.4.4.1    Historical Trend (2018-2023)             8.4.4.2    Forecast Trend (2024-2032)         8.4.5    Romance             8.4.5.1    Historical Trend (2018-2023)             8.4.5.2    Forecast Trend (2024-2032)         8.4.6    Literary             8.4.6.1    Historical Trend (2018-2023)             8.4.6.2    Forecast Trend (2024-2032)         8.4.7    Educational             8.4.7.1    Historical Trend (2018-2023)             8.4.7.2    Forecast Trend (2024-2032)         8.4.8    Comic             8.4.8.1    Historical Trend (2018-2023)             8.4.8.2    Forecast Trend (2024-2032)         8.4.9    Others     8.5    Global Books Market by Format         8.5.1    Hard Copy             8.5.1.1    Historical Trend (2018-2023)             8.5.1.2    Forecast Trend (2024-2032)         8.5.2    E-Books             8.5.2.1    Historical Trend (2018-2023)             8.5.2.2    Forecast Trend (2024-2032)         8.5.3    Audiobooks             8.5.3.1    Historical Trend (2018-2023)             8.5.3.2    Forecast Trend (2024-2032)     8.6    Global Books Market by Distribution Channel         8.6.1    Online             8.6.1.1    Historical Trend (2018-2023)             8.6.1.2    Forecast Trend (2024-2032)         8.6.2    Local Book Shops             8.6.2.1    Historical Trend (2018-2023)             8.6.2.2    Forecast Trend (2024-2032)         8.6.3    Retail Shops             8.6.3.1    Historical Trend (2018-2023)             8.6.3.2    Forecast Trend (2024-2032)         8.6.4    Speciality Stores             8.6.4.1    Historical Trend (2018-2023)             8.6.4.2    Forecast Trend (2024-2032)     8.7    Global Books Market by Region         8.7.1    North America             8.7.1.1    Historical Trend (2018-2023)             8.7.1.2    Forecast Trend (2024-2032)         8.7.2    Europe             8.7.2.1    Historical Trend (2018-2023)             8.7.2.2    Forecast Trend (2024-2032)         8.7.3    Asia Pacific             8.7.3.1    Historical Trend (2018-2023)             8.7.3.2    Forecast Trend (2024-2032)         8.7.4    Latin America             8.7.4.1    Historical Trend (2018-2023)             8.7.4.2    Forecast Trend (2024-2032)         8.7.5    Middle East and Africa             8.7.5.1    Historical Trend (2018-2023)             8.7.5.2    Forecast Trend (2024-2032) 9    North America Books Market Analysis     9.1    United States of America          9.1.1    Historical Trend (2018-2023)         9.1.2    Forecast Trend (2024-2032)     9.2    Canada         9.2.1    Historical Trend (2018-2023)         9.2.2    Forecast Trend (2024-2032) 10    Europe Books Market Analysis     10.1    United Kingdom         10.1.1    Historical Trend (2018-2023)         10.1.2    Forecast Trend (2024-2032)     10.2    Germany         10.2.1    Historical Trend (2018-2023)         10.2.2    Forecast Trend (2024-2032)     10.3    France         10.3.1    Historical Trend (2018-2023)         10.3.2    Forecast Trend (2024-2032)     10.4    Italy         10.4.1    Historical Trend (2018-2023)         10.4.2    Forecast Trend (2024-2032)     10.5    Others 11    Asia Pacific Books Market Analysis     11.1    China         11.1.1    Historical Trend (2018-2023)         11.1.2    Forecast Trend (2024-2032)     11.2    Japan         11.2.1    Historical Trend (2018-2023)         11.2.2    Forecast Trend (2024-2032)     11.3    India         11.3.1    Historical Trend (2018-2023)         11.3.2    Forecast Trend (2024-2032)     11.4    ASEAN         11.4.1    Historical Trend (2018-2023)         11.4.2    Forecast Trend (2024-2032)     11.5    Australia         11.5.1    Historical Trend (2018-2023)         11.5.2    Forecast Trend (2024-2032)     11.6    Others 12    Latin America Books Market Analysis     12.1    Brazil         12.1.1    Historical Trend (2018-2023)         12.1.2    Forecast Trend (2024-2032)     12.2    Argentina         12.2.1    Historical Trend (2018-2023)         12.2.2    Forecast Trend (2024-2032)     12.3    Mexico         12.3.1    Historical Trend (2018-2023)         12.3.2    Forecast Trend (2024-2032)     12.4    Others 13    Middle East and Africa Books Market Analysis     13.1    Saudi Arabia         13.1.1    Historical Trend (2018-2023)         13.1.2    Forecast Trend (2024-2032)     13.2    United Arab Emirates         13.2.1    Historical Trend (2018-2023)         13.2.2    Forecast Trend (2024-2032)     13.3    Nigeria         13.3.1    Historical Trend (2018-2023)         13.3.2    Forecast Trend (2024-2032)     13.4    South Africa         13.4.1    Historical Trend (2018-2023)         13.4.2    Forecast Trend (2024-2032)     13.5    Others 14    Market Dynamics     14.1    SWOT Analysis         14.1.1    Strengths         14.1.2    Weaknesses         14.1.3    Opportunities         14.1.4    Threats     14.2    Porter’s Five Forces Analysis         14.2.1    Supplier’s Power         14.2.2    Buyer’s Power         14.2.3    Threat of New Entrants         14.2.4    Degree of Rivalry         14.2.5    Threat of Substitutes     14.3    Key Indicators for Demand     14.4    Key Indicators for Price   15    Competitive Landscape     15.1    Market Structure     15.2    Company Profiles         15.2.1    Penguin Random House LLC              15.2.1.1    Company Overview             15.2.1.2    Product Portfolio             15.2.1.3    Demographic Reach and Achievements             15.2.1.4    Certifications         15.2.2    Hachette Book Group              15.2.2.1    Company Overview             15.2.2.2    Product Portfolio             15.2.2.3    Demographic Reach and Achievements             15.2.2.4    Certifications         15.2.3    Pearson Plc              15.2.3.1    Company Overview             15.2.3.2    Product Portfolio             15.2.3.3    Demographic Reach and Achievements             15.2.3.4    Certifications         15.2.4    IDW Media Holdings Inc.              15.2.4.1    Company Overview             15.2.4.2    Product Portfolio             15.2.4.3    Demographic Reach and Achievements             15.2.4.4    Certifications         15.2.5    HarperCollins Publishers L.L.C.               15.2.5.1    Company Overview             15.2.5.2    Product Portfolio             15.2.5.3    Demographic Reach and Achievements             15.2.5.4    Certifications         15.2.6    Simon & Schuster, LLC              15.2.6.1    Company Overview             15.2.6.2    Product Portfolio             15.2.6.3    Demographic Reach and Achievements             15.2.6.4    Certifications         15.2.7    Holtzbrinck Publishing Group              15.2.7.1    Company Overview             15.2.7.2    Product Portfolio             15.2.7.3    Demographic Reach and Achievements             15.2.7.4    Certifications         15.2.8    Scholastic Inc.              15.2.8.1    Company Overview             15.2.8.2    Product Portfolio             15.2.8.3    Demographic Reach and Achievements             15.2.8.4    Certifications         15.2.9    Walt Disney Co. (Marvel Comics)              15.2.9.1    Company Overview             15.2.9.2    Product Portfolio             15.2.9.3    Demographic Reach and Achievements             15.2.9.4    Certifications         15.2.10    Morris Publishing              15.2.10.1    Company Overview             15.2.10.2    Product Portfolio             15.2.10.3    Demographic Reach and Achievements             15.2.10.4    Certifications         15.2.11    Others 16    Key Trends and Developments in the Market

List of Key Figures and Tables

1.    Global Books Market: Key Industry Highlights, 2018 and 2032 2.    Global Books Historical Market: Breakup by Type (USD Billion), 2018-2023 3.    Global Books Market Forecast: Breakup by Type (USD Billion), 2024-2032 4.    Global Books Historical Market: Breakup by Format (USD Billion), 2018-2023 5.    Global Books Market Forecast: Breakup by Format (USD Billion), 2024-2032 6.    Global Books Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023 7.    Global Books Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032 8.    Global Books Historical Market: Breakup by Region (USD Billion), 2018-2023 9.    Global Books Market Forecast: Breakup by Region (USD Billion), 2024-2032 10.    North America Books Historical Market: Breakup by Country (USD Billion), 2018-2023 11.    North America Books Market Forecast: Breakup by Country (USD Billion), 2024-2032 12.    Europe Books Historical Market: Breakup by Country (USD Billion), 2018-2023 13.    Europe Books Market Forecast: Breakup by Country (USD Billion), 2024-2032 14.    Asia Pacific Books Historical Market: Breakup by Country (USD Billion), 2018-2023 15.    Asia Pacific Books Market Forecast: Breakup by Country (USD Billion), 2024-2032 16.    Latin America Books Historical Market: Breakup by Country (USD Billion), 2018-2023 17.    Latin America Books Market Forecast: Breakup by Country (USD Billion), 2024-2032 18.    Middle East and Africa Books Historical Market: Breakup by Country (USD Billion), 2018-2023 19.    Middle East and Africa Books Market Forecast: Breakup by Country (USD Billion), 2024-2032 20.    Global Books Market Structure

What was the overall value of the market for books in 2023?

The market reached nearly USD 136.17 billion in 2023.

What is the growth rate of the global books market?

The market is projected to grow at a CAGR of 1.4% between 2024 and 2032.

What is the forecast outlook for the books market 2024-2032?

The market is assessed to witness healthy growth in the forecast period to reach around USD 154.32 billion in 2032.

What are the different types of books in the market?

The different types of books in the market are science, fantasy, mystery, historical, romance, literary, educational, and comic, among others.

What are the different distribution channels in the market?

The different distribution channels in the market are online, local book shops, retail shops, and speciality stores.

What are the different book formats in the market?

The different book formats in the market are hard-copy, e-books, and audiobooks.

What are the different regions covered in the books market report?

The different regions covered in the market report are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Who are the key players in the global books industry?

The key market players are Penguin Random House LLC, Hachette Book Group, Pearson Plc, IDW Media Holdings Inc., HarperCollins Publishers L.L.C., Simon & Schuster, LLC, Holtzbrinck Publishing Group, Scholastic Inc., Walt Disney Co. (Marvel Comics), and Morris Publishing, among others.

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Books Market Size, Share & Trends Analysis Report By Type (Science, Historical, Mystery, Fantasy, Literary, Contemporary/Realistic, Romance, Educational, Comic, Others), By Distribution Channel (Online, Local Book Shops, Retail Shops, Specialty Stores), By Format (Hard Copy, Ebooks, Audiobooks) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2023-2031

Market Dynamics

Regional analysis.

• Report Scope

Segmental Analysis

• Key Players
• Recent Development
• Report Overview
• Table of Content
• Segmentation

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Market overview.

The global books market revenue was valued at  USD 137.12 billion in 2022. It is estimated to reach USD 165.22 billion by 2031 , growing at a CAGR of 2.2% over the forecast period (2023–2031). The market growth is driven by increasing consumer spending and a growing emphasis on self-development.

Books are indispensable in our lives and have served as a reservoir of knowledge and amusement for centuries. With the advancement of technology and the rise of digital media, the book industry has undergone significant changes. Consumer books in the digital era are commonly labeled as "analog." Despite the passage of centuries since the invention of the printing press, books remain readily accessible and reasonably priced, serving as a reliable source of knowledge and entertainment for people around the globe. Hardcover books, paperbacks, audiobooks, and electronic books are just a few of the many formats available on the market. The book market exists primarily to facilitate the dissemination of information and literature to benefit consumers, who may seek such materials for amusement or instruction.

Global Books Market Drivers:

Increasing Consumer Spending

Rising consumer spending and the rising focus on self-development drive market growth. Nowadays, consumers are more likely to spend on hobbies they like to pursue and their areas of interest. Moreover, higher importance is being given to leisure activities, resulting in an increased number of readers. This has led to greater momentum in the global book market. As consumers' disposable income increases, they are more inclined to allocate their funds toward various products and services that align with their hobbies and interests.

Rising Influence of Technological Innovations

Large-scale changes have occurred throughout the history of books. With the innovation of digital media and new technologies, the book market has evolved into numerous formats, including ebooks and audiobooks , from papyrus scrolls to ebooks. Therefore, the range of opportunities for publishers and consumers has increased due to reading moving to screens. Publishers should invest in producing and promoting content in text, audio, and video modes while considering the digital communication medium. Since 2013, HarperCollins has established alliances with organizations like the digital library Scribd. Publishers like J.K. Rowling's Pottermore can give their readers a visual online experience.

The wave of digitization in the industry has also given rise to the concepts of 'book tubers' and 'bookstagrammers.' These specialist book bloggers are storming social media platforms with their liking for printed books, thereby igniting a passion for reading, which, in turn, drives market growth. This effortless combination of book publishing with social media by these influencers helps promote the beauty of print via photographs of books in lifestyle shots or through reviews on vlogs. Moreover, digital printing has paved the way for print service providers (PSPs) to add value to existing services, offer new ones, and attract new customers. This scenario will likely emphasize the adoption of books and drive reading culture.

Global Books Market Restraint:

Constant Problems Persisting with Piracy

Another concern for the market, with the advent of digital media, is online piracy, which has changed how content is shared and consumed by the reader. It has increased publishers' losses and created fear among writers that readers will not purchase their books if they are available online. Many readers cannot easily acquire certain books where they live and refrain from buying them due to high shipping costs. Therefore, despite being against the law, issues with pricing and accessibility have increased ebook piracy.

Furthermore, technological advancements like high-speed Internet, smartboards, tablets, and e-readers have reshaped reading and learning habits to a large extent. Search engines have made finding specialized information on a topic incredibly straightforward. Readers are no longer required to possess a physical book to access the content. There are several ways to consume content, including games, blogs, streaming services, blogs, and articles. Such developments and changes in reading habits pose a significant challenge for book market players.

Global Books Market Opportunities:

Growing Trend of Reverse Supply Chain

The growing trend of the reverse supply chain, also known as e-commerce, offers new opportunities for selling used books. Re-commerce exemplifies the growing trend toward transforming consumption through reuse. Therefore, re-commerce retailers such as Momox, reBuy, and Quoka.de are the biggest drivers of the industry. For instance, Momox, which resells books, console games, CDs, and DVDs, recorded a double-digit growth yearly for seven consecutive years, earning EUR 150 million (USD 177.98 million) in 2016 alone.

North America Dominates the Global Market

Region-wise, the global books market is segmented into North America, Europe, Asia-Pacific, Central and South America, and the Middle East and Africa.

North America is the most significant global books market shareholder and is anticipated to exhibit a CAGR of 2.4% during the forecast period. Mystery is the most popular genre in the U.S., followed by romance and fantasy. In Canada, mystery novels feature higher on the list of top choices. According to BookNet Canada, there were almost 16,000 actively-selling ISBNs in the mystery/detective genre in 2016. Sales data from national sales tracking service BNC SalesData for the most popular titles indicated that book buyers enjoy a mix of newcomers like Gillian Flynn and more classic authors like Agatha Christie. All such factors drive market growth.

Asia-Pacific is expected to grow at a CAGR of 2.7% during the forecast period. The Asia-Pacific book market is presently expanding. Regionally, local publishers predominate, and demand for foreign books is predicted to rise. However, there is a greater market for books written in regional languages than novels written in English because so many different languages are spoken in this area. The rise in high-speed Internet penetration in these countries is contributing to an increase in demand for ebooks.

Similarly, the demand for textbooks and reference books will increase over the forecast period. The region's higher popularity of fiction books is ensuring strong sales for fantasy and romance books in Asia Pacific countries. For instance, South Asian novels, for the most part, are pigeonholed as serious fiction featuring heavy social or political commentary. Moreover, Japan's three leading book genres are Culture, Science, Education, and Sports, Politics and Law, and Literature. Such instances drive regional market growth.

Europe is the third largest region. The region's largest market for book publishers includes Germany, the U.K., France, Spain, and Italy. In 2019, publishers released approximately 605,000 new titles, which is a slight increase from the previous year, according to the Federation of European Publishers. The United Kingdom, Germany, Italy, France, and Spain reported the highest availability among the European countries, with over 12.5 million titles in stock in 2019. Digital publishing in all its forms, digitization of back catalogs, print-on-demand services, and self-publishing titles drive up annual publishing count.

Moreover, fiction books are increasingly popular in Europe, with detective or crime fiction among the most popular literary genres. According to Penguin Books Ltd., popular fiction in 2019 included All the Rage by Cara Hunter and Secret Service by Tom Bradby. The growing penetration of online publishing channels and sales supports the increasing adoption of digital publishing methods. The easy availability of books through online mediums contributes significantly to regional growth.

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The global books market is segmented based on type, distribution channel, and format.

Based on type, the global books market is divided into science, historical, mystery, fantasy, literary, romance, contemporary/realistic, comics, educational, and others (including classics and biographies). 

The mystery segment dominates the global market and is expected to expand substantially during the forecast period. According to Nielsen, not only is mystery/crime one of the most popular literature subgenres in the US, but many people believe it to be more popular in the UK than romance. According to an Irishexaminer article in 2018, more than twice as many women read crime novels as men in the UK. The phenomenal success of Gillian Flynn's Gone Girl and Paula Hawkins's The Girl on the Train and their subsequent movie adaptations have enticed millions to this genre. General adult fiction, romance, and suspense/thrillers were the three most popular adult genres in 2017, according to Nielsen BookScan, which aggregates statistics on actual sales.

Crime and mystery books also rank second, bringing in about USD 728.2 million yearly, according to Bookstr. In 2017, Nielsen's team put together a study universe of 6,000 US book buyers representing 180,000 book purchases per year. The respondents were drawn from a nationally representative pool using criteria of age, gender, and location. Based on this study, more than two-thirds of the Mystery/Crime readership were women. It turns out that the largest sector of the Mystery/Crime readership — 28 percent, as developed by Nielsen's team — was over 65. The next largest group was the 55- to 64-year-old set: 19 percent. Less than 20 percent of Mystery/Crime are being read by people under 30.

Based on distribution channels , the global books market is categorized into online, local bookshops, retail shops, and specialty stores. 

The local bookshop segment owns the highest market share and is estimated to exhibit a CAGR of 2.01% during the forecast period. Online retailers can offer customers significantly lower prices and an exponentially larger book inventory. Another significant advantage of shopping online is ease, as customers may purchase a book without leaving their homes by simply clicking a button. However, one thing that e-commerce websites lack is booksellers because booksellers are people – they are consummate bibliophiles, and that human component is an important part of the literary experience. A neighborhood bookshop is a home for both authors and readers and is a warm place to meet and relax. It serves as a meeting place and forum for like-minded people to share their views.

Furthermore, numerous such stores host in-house book clubs and themed reading groups and host frequent author events, seminars, and other activities encouraging people to think creatively. Independent bookshops are frequently prominent in their neighborhoods, serving as everything from a secure location for children to go after school to a pleasurable way for a group of friends to spend a Saturday. As per an article published by indigo9digital, in June 2019, the number of independent bookstores in the U.S. decreased by 40% between the mid-1990s and 2009, but independent bookstores have experienced a resurgence in recent years. The number of independent bookstores in the U.S. increased by 31% since 2009.

Based on the format, the global books market is categorized into hard copy, ebook, and audio. 

The hard copy segment dominates the global market and is expected to exhibit a CAGR of 2.12% during the forecast period. Books have shown to be incredibly robust in the face of an avalanche of new technology. Reading from a printed book has many significant benefits over reading from a screen. It is more legible and has a permanence that the relatively transient and easily editable digital language lacks.

In contrast to the rapid obsolescence of many other technologies and their replacement by more modern innovations, books have endured as a medium for millennia despite fierce competition. As per the Association of American Publishers' 2019 annual report, publishers of books in all forms made close to USD 26 billion in revenue in the U.S. last year, with print publishing bringing in about USD 22.6 billion and ebook sales bringing in USD 2.04 billion. Along with fiction, these numbers also included commerce and instructional publications.

Market Size By Type

• Contemporary/Realistic
• Educational

List of key players in Books Market

• Penguin Random House
• Hachette Book Group
• HarperCollins
• Simon & Schuster
• IDW Publishing
• Scholastic Inc.

Books Market Share of Key Players

Recent Developments

• September 2023 - At Christie's auction house in London , two books by the renowned authors Agatha Christie and Arthur Conan Doyle that were once owned by English musician Charlie Watts broke individual records for the beloved authors, months after an 800-year-old copy of the Bible became the most expensive book ever sold.

Books Market Segmentations

By type (2019-2031), by distribution channel (2019-2031).

• Local Book Shops
• Retail Shops
• Specialty Stores

By Format (2019-2031)

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Books Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, UK, Germany, Japan - Size and Forecast 2024-2028

• Published: Aug 2024
• SKU: IRTNTR71627

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Books Market Size 2024-2028

The Books Market size is forecast to increase by USD 38.3 billion   at a compound annual growth rate (CAGR) of 5.91% between 2023 and 2028. The market is witnessing significant growth driven by various factors. Utilizing interactive books for early literacy programs has become increasingly prevalent, fostering a more engaging learning environment for young readers who also prefer comic books . Moreover, the surging popularity of eBooks offers readers convenient access to a vast array of literature across digital platforms. Additionally, the incorporation of gamification into interactive learning experiences is enhancing reader engagement and retention, further propelling the market's expansion. These trends underscore the evolving landscape of the global book market, catering to diverse reading preferences and learning styles. This market research and growth report also includes an in-depth analysis of drivers, trends, and challenges. 

What will be the size of the Books Market During the Forecast Period?

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Books market segmentation.

In the market, self-development literature holds a significant presence, offering readers valuable insights and personal growth opportunities. Over centuries, they have served as a reservoir of knowledge, providing both amusement and advancement for readers worldwide. The book industry has witnessed significant changes, with a shift towards consumer books and e-books and the advent of the printing press revolutionizing accessibility. They remain a reliable source of information, benefiting readers across diverse demographics. With rising consumer spending and an increased number of readers, the market offers various products catering to different interests and preferences. This dynamic landscape reflects the enduring relevance and versatility of books in contemporary society.

The market share growth by the adult books segment will be significant during the forecast period. The adult books segment will show significant growth opportunities during the forecast period as the curricula of technical and non-technical online courses comprise digital educational publications. This segment is witnessing an increased demand for smart education from both classroom-based and virtual learning environments. The market is experiencing growth fueled by several key factors. As disposable income rises and consumer spending increases, there's a growing interest in leisure activities such as reading, leading to an expanded base of readers worldwide. With readily accessible options like paperbacks, audiobooks, and electronic books, consumers have a variety of formats to choose from, catering to different preferences and hobbies. Additionally, the market benefits from the availability of reasonably priced books, making them more accessible to a wider audience. This diverse array of products caters to various areas of interest, ensuring that readers can find content that resonates with them, ultimately driving the continued expansion of the global market.

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The adult books segment  was valued at USD 37 billion  in 2018 .  Online courses have broadened the customer base for digital publishing . They offer various advantages to college students as they include features, such as embedded audio or video files and communication tools that facilitate interaction between the faculty and students. Furthermore, adult books meant for professional or corporate readers are generally bulky and not convenient to carry around. Also, an entire book must be purchased to access a small amount of information, which is not cost-effective. Hence, digital platforms make accessing such information easier for readers. Additionally, providers of adult books are not limiting themselves to an app but have developed an interactive content creation tool. This tool further helps to publish adult books on multiple devices, such as iPads and tablets. Therefore, the abovementioned factors will lead to the growth of this segment during the forecast period. 

Key Regions

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APAC  is estimated to contribute 44% to the growth of the global market during the forecast period. Another region offering significant growth opportunities to companies is North America . Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

North America is the dominating market in terms of revenue contribution toward the global market. Looking at the technology-based education landscape, the US is the breeding ground for innovative e-learning . This applies to modifying every aspect of education, be it e-books or software solutions. For instance, Apple introduced interactive textbooks along with the iBooks Author software in July 2020. Schools and institutions across the nation embrace these kinds of textbooks. Additionally, Canada also portrays the adoption of such textbooks by institutions. Global education leaders, such as Pearson, cater to the varied needs of institutions. Pearson offers various learning technologies, such as the Canadian Learning Exchange, Cogneeto, PowerSchool, MyLabs, and interactive textbooks. Hence, such factors are driving the market during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Georg von Holtzbrinck GmbH and Co. KG -  The company focuses on the newspaper and consumer book division and the science and education division. The key offerings of the company include books. 

The books market forecasting report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

• Aleph Book Co.
• Bertelsmann SE and Co. KGaA
• Coordination Group Publications Ltd.
• Bloomsbury Publishing Plc
• Idea and Design Works LLC
• McGraw Hill Education Inc.
• Morris Publishing
• Oxford University Press
• Pearson Plc
• Rupa Publications India Pvt. Ltd.
• Scholastic Corp.
• The Bureau International de I Edition Francaise

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Books Market Dynamics and Customer Landscape

The books market has witnessed significant changes over centuries, evolving from a reservoir of knowledge to a source of self-development and amusement. With the rise of digital media, literature is now readily accessible in various formats like hardcover , paperbacks, audiobooks, and electronic books. This advancement in dissemination benefits consumers, offering reasonably priced and reliable sources of information and entertainment. The industry has seen a surge in consumer spending, driven by increased disposable income and the growing number of readers. They cater to diverse hobbies, areas of interest, and leisure activities, making them an essential part of modern life. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The growing use of gamification for interactive learning is notably driving market growth.   Gamification is defined as the integration of game design fundamentals and subject concepts that enhance students' conceptual and practical knowledge. It involves pedagogical approaches, strategies, and methodologies. Furthermore, it is highly used to motivate students to stay focused on the story or subject concepts. Due to the increasing preference for online interactive book tutorials and the growing adoption of smart devices, such as smartphones, gamification has become the most efficient and convenient way to learn subject concepts interactively.

The proliferation of smartphones and the increasing penetration of the internet have raised the demand for mobile learning books. The popularity of mobile learning interactive book companies has encouraged other companies, such as content creators and platform providers, to optimize their products for mobile accessibility. Moreover, eBooks through mobiles are less expensive to design and maintain compared with a full-scale learning interactive eBook for children. Hence, the popularity of gamification-based interactive learning will boost the global market during the forecast period.

Significant Market Trends

The growing e-commerce and m-commerce market is an emerging trend in the market.   B2B and B2C businesses have grown tremendously as global trade has increased rapidly due to the impact of globalization and the liberalization of economic policies. The growth in trade can also be underpinned by the increased penetration of smart devices and the internet globally. Thus, companies are also changing their methods of product and service sales according to customer expectations.

The gradual shift in customer spending and shopping habits has amplified the growth potential of the e-commerce market. The growth of information and communication technology, artificial intelligence, and other modern technologies have made it easy to reach out to and attract customers. Various companies in different industries increasingly use e-commerce to boost their sales, thereby creating lucrative growth prospects for key market companies.  Moreover, the constructive steps taken by key companies to collaborate with major online retailers will enhance their market shares. Hence, the growing adoption of e-commerce and the m-commerce industry will boost the growth of the market in focus during the forecast period.

Major Market Challenge

The growing digital addiction is a major challenge impeding the market.   With the increasing use of smartphones and other wireless devices, there is a growing concern regarding digital addiction. Parents, teachers, and government authorities are concerned regarding the time children spend on such devices, which have reduced their physical activities and are causing various health issues such as obesity, anxiety, and depression.  

Furthermore, the results of increased time spent in front of the screen directly impact the time spent on other activities such as eating, reading, writing, and physical activities. There are increased chances of becoming obese due to the limited physical activity involved in screen time, and often, it is combined with munching on high-calorie snack food. In addition, people have a hard time falling asleep. Such negative effects on health can negatively impact the growth of digital books and the adoption of technology by companies in the global market during the forecast period. Therefore, these factors can hinder the global market growth during the forecast period. 

Customer Landscape

The books market growth analysis report includes the market's adoption lifecycle, covering the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Market Customer Landscape

• Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

• Adult-books
• Higher education course materials
• K-12 instructional materials
• Children's-books
• Local book shops
• Specialty stores
• Retail shops
• Rest of Europe
• Saudi Arabia
• South Africa
• Rest of the Middle East & Africa

Market Analyst Overview

The books market has undergone significant changes over the centuries, evolving from a traditional reservoir of knowledge to a diverse industry embracing digital media and self-development literature . With the rise of digital platforms , consumers now have access to a vast amusement and advancement in literature. Consumer books are now readily accessible in various formats, including hardcover , paperbacks, audiobooks, and electronic books, catering to diverse preferences. These reliable sources of information benefit from the increasing consumer spending on literature, supported by the dissemination of reasonably priced books through the  printing press and online platforms. The industry continues to thrive, offering a rich array of literature to an increased number of readers worldwide.

The global book industry has witnessed significant advancements in technology , leading to the rise of digital media and the transition from analog to digital formats. As a reliable source of entertainment and information dissemination, hardcover books and digital platforms benefit consumers with a diverse range of literature. With rising consumer spending and increased disposable income , hobbies and leisure activities such as reading have gained momentum. Publishers leverage technological innovations to offer various products catering to readers' areas of interest. From papyrus scrolls to screens , the evolution of the book industry reflects the changing landscape of digital communication mediums. Notable platforms like HarperCollins and digital libraries like Scribd, alongside ventures like J.K. Rowling's Pottermore, contribute to the vibrant global market.

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What are the key data covered in this books market research report.

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2023 and 2027
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Market growth analysis across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about companies
• Market forecasting of factors that will challenge the growth of the key market companies

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1 Executive Summary

• Executive Summary - Chart on Market Overview
• Executive Summary - Data Table on Market Overview
• Executive Summary - Chart on Global Market Characteristics
• Executive Summary - Chart on Market by Geography
• Executive Summary - Chart on Market Segmentation by Type
• Executive Summary - Chart on Market Segmentation by Distribution Channel
• Executive Summary - Chart on Incremental Growth
• Executive Summary - Data Table on Incremental Growth
• Executive Summary - Chart on Company Market Positioning

2 Market Landscape

• Parent Market
• Data Table on - Parent Market
• Market characteristics analysis
• Value Chain Analysis

3 Market Sizing

• Offerings of companies included in the market definition
• Market segments
• 3.3 Market size 2023
• Chart on Global - Market size and forecast 2023-2028 ($ billion)
• Data Table on Global - Market size and forecast 2023-2028 ($ billion)
• Chart on Global Market: Year-over-year growth 2023-2028 (%)
• Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

• Historic Market Size - Data Table on Global Books Market 2018 - 2022 ($ billion)
• Historic Market Size - Type Segment 2018 - 2022 ($ billion)
• Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ billion)
• Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
• Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

• Five forces analysis - Comparison between 2023 and 2028
• Bargaining power of buyers - Impact of key factors 2023 and 2028
• Bargaining power of suppliers - Impact of key factors in 2023 and 2028
• Threat of new entrants - Impact of key factors in 2023 and 2028
• Threat of substitutes - Impact of key factors in 2023 and 2028
• Threat of rivalry - Impact of key factors in 2023 and 2028
• Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

• Chart on Type - Market share 2023-2028 (%)
• Data Table on Type - Market share 2023-2028 (%)
• Chart on Comparison by Type
• Data Table on Comparison by Type
• Chart on Adult books - Market size and forecast 2023-2028 ($ billion)
• Data Table on Adult books - Market size and forecast 2023-2028 ($ billion)
• Chart on Adult books - Year-over-year growth 2023-2028 (%)
• Data Table on Adult books - Year-over-year growth 2023-2028 (%)
• Chart on Higher education course materials - Market size and forecast 2023-2028 ($ billion)
• Data Table on Higher education course materials - Market size and forecast 2023-2028 ($ billion)
• Chart on Higher education course materials - Year-over-year growth 2023-2028 (%)
• Data Table on Higher education course materials - Year-over-year growth 2023-2028 (%)
• Chart on K-12 instructional materials - Market size and forecast 2023-2028 ($ billion)
• Data Table on K-12 instructional materials - Market size and forecast 2023-2028 ($ billion)
• Chart on K-12 instructional materials - Year-over-year growth 2023-2028 (%)
• Data Table on K-12 instructional materials - Year-over-year growth 2023-2028 (%)
• Chart on Children books - Market size and forecast 2023-2028 ($ billion)
• Data Table on Children books - Market size and forecast 2023-2028 ($ billion)
• Chart on Children books - Year-over-year growth 2023-2028 (%)
• Data Table on Children books - Year-over-year growth 2023-2028 (%)
• Chart on Others - Market size and forecast 2023-2028 ($ billion)
• Data Table on Others - Market size and forecast 2023-2028 ($ billion)
• Chart on Others - Year-over-year growth 2023-2028 (%)
• Data Table on Others - Year-over-year growth 2023-2028 (%)
• Market opportunity by Type ($ billion)
• Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Distribution Channel

• Chart on Distribution Channel - Market share 2023-2028 (%)
• Data Table on Distribution Channel - Market share 2023-2028 (%)
• Chart on Comparison by Distribution Channel
• Data Table on Comparison by Distribution Channel
• Chart on Local book shops - Market size and forecast 2023-2028 ($ billion)
• Data Table on Local book shops - Market size and forecast 2023-2028 ($ billion)
• Chart on Local book shops - Year-over-year growth 2023-2028 (%)
• Data Table on Local book shops - Year-over-year growth 2023-2028 (%)
• Chart on Online - Market size and forecast 2023-2028 ($ billion)
• Data Table on Online - Market size and forecast 2023-2028 ($ billion)
• Chart on Online - Year-over-year growth 2023-2028 (%)
• Data Table on Online - Year-over-year growth 2023-2028 (%)
• Chart on Specialty stores - Market size and forecast 2023-2028 ($ billion)
• Data Table on Specialty stores - Market size and forecast 2023-2028 ($ billion)
• Chart on Specialty stores - Year-over-year growth 2023-2028 (%)
• Data Table on Specialty stores - Year-over-year growth 2023-2028 (%)
• Chart on Retail shops - Market size and forecast 2023-2028 ($ billion)
• Data Table on Retail shops - Market size and forecast 2023-2028 ($ billion)
• Chart on Retail shops - Year-over-year growth 2023-2028 (%)
• Data Table on Retail shops - Year-over-year growth 2023-2028 (%)
• Market opportunity by Distribution Channel ($ billion)
• Data Table on Market opportunity by Distribution Channel ($ billion)

8 Customer Landscape

• Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• Chart on Market share by geography 2023-2028 (%)
• Data Table on Market share by geography 2023-2028 (%)
• Chart on Geographic comparison
• Data Table on Geographic comparison
• Chart on North America - Market size and forecast 2023-2028 ($ billion)
• Data Table on North America - Market size and forecast 2023-2028 ($ billion)
• Chart on North America - Year-over-year growth 2023-2028 (%)
• Data Table on North America - Year-over-year growth 2023-2028 (%)
• Chart on Europe - Market size and forecast 2023-2028 ($ billion)
• Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
• Chart on Europe - Year-over-year growth 2023-2028 (%)
• Data Table on Europe - Year-over-year growth 2023-2028 (%)
• Chart on APAC - Market size and forecast 2023-2028 ($ billion)
• Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
• Chart on APAC - Year-over-year growth 2023-2028 (%)
• Data Table on APAC - Year-over-year growth 2023-2028 (%)
• Chart on South America - Market size and forecast 2023-2028 ($ billion)
• Data Table on South America - Market size and forecast 2023-2028 ($ billion)
• Chart on South America - Year-over-year growth 2023-2028 (%)
• Data Table on South America - Year-over-year growth 2023-2028 (%)
• Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
• Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
• Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
• Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
• Chart on US - Market size and forecast 2023-2028 ($ billion)
• Data Table on US - Market size and forecast 2023-2028 ($ billion)
• Chart on US - Year-over-year growth 2023-2028 (%)
• Data Table on US - Year-over-year growth 2023-2028 (%)
• Chart on China - Market size and forecast 2023-2028 ($ billion)
• Data Table on China - Market size and forecast 2023-2028 ($ billion)
• Chart on China - Year-over-year growth 2023-2028 (%)
• Data Table on China - Year-over-year growth 2023-2028 (%)
• Chart on UK - Market size and forecast 2023-2028 ($ billion)
• Data Table on UK - Market size and forecast 2023-2028 ($ billion)
• Chart on UK - Year-over-year growth 2023-2028 (%)
• Data Table on UK - Year-over-year growth 2023-2028 (%)
• Chart on Germany - Market size and forecast 2023-2028 ($ billion)
• Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
• Chart on Germany - Year-over-year growth 2023-2028 (%)
• Data Table on Germany - Year-over-year growth 2023-2028 (%)
• Chart on Japan - Market size and forecast 2023-2028 ($ billion)
• Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
• Chart on Japan - Year-over-year growth 2023-2028 (%)
• Data Table on Japan - Year-over-year growth 2023-2028 (%)
• Market opportunity by geography ($ billion)
• Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Opportunity/Restraints

• 10.1 Market drivers
• 10.2 Market challenges
• Impact of drivers and challenges in 2023 and 2028
• 10.4 Market opportunities/restraints

11 Competitive Landscape

• 11.1 Overview
• Overview on criticality of inputs and factors of differentiation
• Overview on factors of disruption
• Impact of key risks on business

12 Competitive Analysis

• Companies covered
• Matrix on companies position and classification
• Bertelsmann SE and Co. KGaA - Overview
• Bertelsmann SE and Co. KGaA - Business segments
• Bertelsmann SE and Co. KGaA - Key news
• Bertelsmann SE and Co. KGaA - Key offerings
• Bertelsmann SE and Co. KGaA - Segment focus
• Bloomsbury Publishing Plc - Overview
• Bloomsbury Publishing Plc - Business segments
• Bloomsbury Publishing Plc - Key news
• Bloomsbury Publishing Plc - Key offerings
• Bloomsbury Publishing Plc - Segment focus
• Georg von Holtzbrinck GmbH and Co. KG - Overview
• Georg von Holtzbrinck GmbH and Co. KG - Product / Service
• Georg von Holtzbrinck GmbH and Co. KG - Key offerings
• Idea and Design Works LLC - Overview
• Idea and Design Works LLC - Product / Service
• Idea and Design Works LLC - Key offerings
• McGraw Hill LLC - Overview
• McGraw Hill LLC - Product / Service
• McGraw Hill LLC - Key news
• McGraw Hill LLC - Key offerings
• Morris Publishing - Overview
• Morris Publishing - Product / Service
• Morris Publishing - Key offerings
• News Corp. - Overview
• News Corp. - Business segments
• News Corp. - Key offerings
• News Corp. - Segment focus
• Oxford University Press - Overview
• Oxford University Press - Product / Service
• Oxford University Press - Key offerings
• Paramount Global - Overview
• Paramount Global - Business segments
• Paramount Global - Key offerings
• Paramount Global - Segment focus
• Pearson Plc - Overview
• Pearson Plc - Business segments
• Pearson Plc - Key news
• Pearson Plc - Key offerings
• Pearson Plc - Segment focus
• RELX Plc - Overview
• RELX Plc - Business segments
• RELX Plc - Key offerings
• RELX Plc - Segment focus
• Scholastic Corp. - Overview
• Scholastic Corp. - Business segments
• Scholastic Corp. - Key offerings
• Scholastic Corp. - Segment focus
• The Walt Disney Co. - Overview
• The Walt Disney Co. - Business segments
• The Walt Disney Co. - Key news
• The Walt Disney Co. - Key offerings
• The Walt Disney Co. - Segment focus
• Thomson Reuters Corp. - Overview
• Thomson Reuters Corp. - Business segments
• Thomson Reuters Corp. - Key news
• Thomson Reuters Corp. - Key offerings
• Thomson Reuters Corp. - Segment focus
• Vivendi SE - Overview
• Vivendi SE - Business segments
• Vivendi SE - Key offerings
• Vivendi SE - Segment focus

13 Appendix

• 13.1 Scope of the report
• Inclusions checklist
• Exclusions checklist
• Currency conversion rates for US$
• Research methodology
• Information sources
• Data validation
• Validation techniques employed for market sizing
• Data synthesis
• 360 degree market analysis
• List of abbreviations

Frequently Asked Questions?

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Adroit Market Research - Industry Insights

Several primary factors drive the Books Market's growth. Initially, the rise in digital platforms like e-readers, tablets, and smartphones plays a pivotal role in expanding the market. This transition to digital reading formats offers broader access to books and enhanced convenience for readers. Furthermore, the proliferation of online retail channels, exemplified by Amazon and other e-commerce platforms, simplifies the book purchasing process, leading to increased sales and a more extensive customer base. Additionally, the emergence of self-publishing platforms and the ease of accessing publishing tools empower authors to independently publish their works, ultimately increasing the book supply in the market. Moreover, publishers now leverage personalized reading experiences and data analytics to target specific reader preferences effectively, boosting customer satisfaction. Lastly, the enduring popularity of physical books, especially in niche markets, continues to fuel sales and sustain demand.

 Books Market Scope:

Market Definition

Books are crafted pieces of written or printed literature that encapsulate knowledge, narratives, or concepts. They function as a vehicle for the sharing of wisdom, amusement, and individual illumination.

Literature plays a vital role in human society for a multitude of reasons. Initially, it serves as a wellspring of knowledge and information across a diverse array of topics, facilitating the expansion of comprehension and providing valuable insights into various domains. Secondly, literature acts as a catalyst for imaginative thinking and ingenuity, immersing individuals in alternate realms and fostering critical analysis. Moreover, it contributes significantly to individual advancement by nurturing empathy, emotional intelligence, and analytical capabilities. Additionally, books offer a form of mental refuge, enabling individuals to unwind and de-stress. Reading also enhances linguistic proficiencies, enriching vocabulary and literacy rates, thereby advancing communication and comprehension abilities. Ultimately, literature holds historical importance by upholding cultural heritage and chronicling the collective wisdom of past eras. In essence, books play a vital role in education, personal development, entertainment, and cultural preservation, establishing them as an indispensable cornerstone of human civilization.

Key Market Segmentation:

Insights On Key Type

Contemporary/Realistic

Contemporary/Realistic books are expected to dominate the Global Books Market. This part includes books that reflect the current time period and realistic situations. With the increasing interest in relatable stories and characters, contemporary/realistic books are likely to resonate with a wide range of readers. These books explore themes and issues that are relevant in today's society, such as relationships, social challenges, and personal growth. Additionally, contemporary/realistic books have the potential to appeal to various age groups, including young adults and adult readers. The demand for relatable and engaging stories makes the contemporary/realistic part a strong contender in the Global Books Market.

Science books cater to the reader's curiosity and thirst for knowledge regarding scientific principles, discoveries, and advancements. With the rapid pace of scientific innovation and the increasing interest in STEM-related subjects, the science part is expected to thrive in the Global Books Market. Science books encompass a wide range of topics, including physics, chemistry, biology, astronomy, and more. They serve as a valuable resource for students, researchers, educators, and science enthusiasts who want to gain a deeper understanding of the world around them. The demand for science books is likely to remain strong as scientific discoveries continue to shape our understanding of the universe.

Historical books offer a glimpse into the past, providing readers with insights into different time periods, cultures, and events. This part appeals to those who enjoy delving into history and learning about significant moments that have shaped our world. Historical books encompass a variety of genres, including historical fiction, biographies, and non-fiction accounts. The historical part is expected to have a dedicated readership due to its ability to transport readers to different eras and offer a deeper understanding of human history. The demand for historical books remains steady as people continue to appreciate and value the lessons and stories from the past.

Mystery books offer an element of intrigue and suspense, captivating readers with thrilling plot twists, puzzles, and mysterious characters. This part holds a strong position in the Global Books Market due to its ability to keep readers engaged and entertained. Mystery books encompass various genres, including crime, detective, and psychological thrillers. They cater to readers who enjoy the challenge of solving puzzles and uncovering hidden truths. The blend of suspense, action, and intellectual stimulation makes mystery books a popular choice for a wide range of readers.

Fantasy books transport readers to imaginative worlds filled with magic, mythical creatures, and epic adventures. This part has a dedicated fan base and is expected to maintain a strong presence in the Global Books Market. Fantasy books encompass various subgenres, including high fantasy, urban fantasy, and paranormal fiction. They provide an escape from reality and allow readers to explore fantastical realms and characters. The enduring popularity of fantasy books, demonstrated by the success of series like Harry Potter and Game of Thrones, ensures continued demand for this part.

Literary books are known for their artistic and intellectual merit, often delving into complex themes and employing literary techniques. While the literary part may not dominate the Global Books Market in terms of sales volume, it holds a significant place in the world of literature and critical acclaim. Literary books have a devoted readership who appreciates thought-provoking narratives, rich character development, and evocative prose. They often tackle social, philosophical, and psychological issues, offering a deeper exploration of the human condition.

Romance books encompass a wide range of subgenres, including contemporary romance, historical romance, and paranormal romance. While romance books have a dedicated fan base, they may not dominate the Global Books Market in terms of overall sales volume. However, the romance part still holds a significant share in the market due to its popularity among readers who enjoy heartwarming and passionate stories. Romance books often explore themes of love, relationships, and personal growth, providing readers with an escape into romantic narratives.

Educational

Educational books serve as valuable resources for students, educators, and lifelong learners. While they may not dominate the Global Books Market in terms of sales volume, the educational part caters to a specific audience seeking knowledge and intellectual growth. Educational books encompass a wide spectrum, including textbooks, reference guides, study aids, and informational texts. They cover various subjects, ranging from science and history to language and mathematics, providing readers with opportunities to expand their understanding and skills in specific areas of study.

Comic books offer a unique blend of storytelling and visual art, creating a distinct reading experience. While comic books may not dominate the Global Books Market in terms of overall sales volume, they have a dedicated and passionate fan base. Comic books encompass a wide range of genres, including superheroes, graphic novels, manga, and webcomics. They appeal to readers of all ages, from children to adults, and provide a visually immersive storytelling format. The continued popularity and cultural impact of comic books contribute to their presence in the Global Books Market.

The Others category consists of various subgenres and genres that do not fall under the defined categories mentioned above. This part may include niche genres, experimental literature, poetry, or hybrid forms of storytelling. While these books may have their own loyal readership, they are not expected to dominate the Global Books Market in terms of overall sales volume. However, the "Others" part contributes to the diversity and richness of the book market, catering to niche interests and offering unique literary experiences.

Insights On Key Distribution Channel

Online 

The online distribution channel is expected to dominate the global books market. With the advent of technology and the increasing popularity of e-commerce platforms, online book retailers have gained significant traction in recent years. The convenience of purchasing books with just a few clicks, coupled with the ability to access a wide variety of titles, has shifted consumer preferences towards online shopping. Moreover, online bookstores often offer competitive pricing and discounts, further attracting customers away from traditional brick-and-mortar stores. As a result, the online distribution channel is projected to continue its dominance in the global books market.

Local Book Shops

Local book shops, although facing competition from online retailers, still hold a significant share in the global books market. These establishments provide a unique experience for book lovers, offering personalized recommendations, a sense of community, and the opportunity to browse physical copies before making a purchase. Local book shops also often host author events and literary discussions, fostering a closer connection between readers, writers, and the local community. While the online distribution channel has gained prominence, the charm and tangible aspect of physical bookstores continue to attract a dedicated customer base.

Retail Shops 

Retail shops, which encompass general merchandise stores and supermarkets that sell books, have a moderate presence in the global books market. These establishments leverage their existing customer base and foot traffic to promote book sales. While they may not specialize in books, their wide array of products offer convenience for consumers, allowing them to combine book purchases with other shopping needs. However, due to their diverse product offerings, retail shops may not always offer an extensive selection of titles compared to dedicated bookstores. Nevertheless, they remain a relevant player, particularly for customers seeking convenience and variety.

Specialty Stores

Specialty stores, such as those focusing on specific genres or niche markets, cater to a specific of book enthusiasts. These establishments create a curated experience, providing a vast selection of titles within a particular area of interest. Specialty stores may include comic book shops, art bookstores, or stores specializing in rare and collectible editions. While they may not dominate the overall global books market, specialty stores serve as important destinations for passionate readers seeking unique and specialized content. These stores often foster a sense of community and provide knowledgeable staff who can cater to the needs of niche book enthusiasts.

Insights On Key Format

Ebooks are expected to dominate the global books market. The digital revolution and technological advancements have significantly increased the popularity and convenience of ebooks. With the growing availability of e-readers, smartphones, and tablets, consumers can access a vast catalog of books with just a few taps. Ebooks offer the advantages of easy portability, instant delivery, and customizable reading experiences. Additionally, the lower costs associated with digital publishing attract both readers and authors. The convenience, affordability, and accessibility of ebooks make them the dominant part in the global books market.

While ebooks are expected to dominate the global books market, hard copies still hold a significant portion of the market. Many readers prefer the tactile experience of holding a physical book and flipping through its pages. Hardcover books, in particular, continue to be popular among collectors and book enthusiasts. Additionally, hard copies are often preferred in academic settings and libraries, where physical copies are required for reference purposes. Despite the rise of technology, the demand for hard copy books persists, ensuring their continued presence in the global books market.

Audiobooks, although not as dominant as ebooks, have been experiencing steady growth in recent years. The convenience offered by audiobooks appeals to busy individuals who can listen to books while engaging in other activities, such as commuting or exercising. The increasing popularity of audio streaming platforms and the proliferation of smart speakers contribute to the rise in audiobook consumption. Moreover, audiobooks cater to individuals with visual impairments or learning disabilities, making literature more accessible to a wider audience. While not expected to dominate the global books market, audiobooks continue to carve out their own niche in the industry.

Insights on Regional Analysis:

The Europe region is expected to dominate the global books market. This region has a rich literary tradition and a strong publishing industry. Additionally, European countries have a high literacy rate and a strong reading culture, which contributes to the demand for books. The presence of major publishing hubs such as London, Frankfurt, and Paris further enhances Europe's dominance in the global books market. Furthermore, Europe has a large population and a well-established distribution network, allowing publishers to reach a wide audience. With a combination of strong literary heritage, high literacy rates, and a robust publishing industry, Europe is poised to dominate the global books market.

North America

The North America region, specifically the United States and Canada, holds significant influence in the global books market. The region benefits from a large English-speaking population, a strong reading culture, and a well-developed publishing industry. The United States, in particular, is home to several major publishing houses and hosts a number of prominent book fairs and events. Furthermore, highly developed distribution networks and access to advanced technology provide North American publishers with a competitive advantage. While Europe may dominate the global books market, North America remains a key player due to its established publishing industry, strong cultural influence, and large market size.

Asia Pacific

The Asia Pacific region is seeing a steady growth in the books market, driven by increasing literacy rates, expanding middle-class populations, and the rise of digital reading platforms. Countries like China and India have large consumer bases, and their growing middle class has led to increased demand for books. Moreover, the region is witnessing the development of e-commerce and online bookstores, making books more accessible to a larger audience. Although Asia Pacific may not dominate the global books market currently, its rapidly expanding market size and strong growth potential make it an important region to watch in the future.

Latin America

The Latin America region has a diverse and vibrant literary culture, with countries like Brazil, Mexico, and Argentina being significant contributors to the global books market. However, the region faces challenges such as low literacy rates and economic disparities that impact access to books. Despite these challenges, Latin America has seen a growing interest in reading and an increase in the number of independent publishers. Government initiatives to promote literacy and investment in the education sector also contribute to the region's potential for growth in the books market. While Latin America may not dominate the global books market, its rich literary heritage, growing publishing industry, and increasing initiatives to promote reading make it a significant player in the global market.

Middle East & Africa

The Middle East & Africa region is a diverse market for books, with varying levels of literacy rates, cultural preferences, and economic development. The region is home to several emerging markets, including the United Arab Emirates, Saudi Arabia, South Africa, and Nigeria, which contribute to the growth of the books market. However, challenges such as language barriers, limited access to quality education, and economic disparities affect the overall market potential in the region. While the Middle East & Africa may not dominate the global books market, its growing population, expanding urbanization, and increasing investments in education and infrastructure provide opportunities for the future development of the books market.

Company Profiles:

Publishing companies are key stakeholders in the worldwide book industry as they engage in acquiring, editing, creating, and circulating books to cater to the wide-ranging needs of readers through different mediums. This significantly contributes to the development and endurance of the sector.

Book vendors serve as intermediaries connecting publishers with readers, effectively expanding the reach of books through diversified avenues like brick-and-mortar stores, online platforms, and electronic books. This facilitates global consumer access and convenience, enhancing the overall reading experience. Prominent entities shaping the books market are Penguin Random House, Hachette Livre, HarperCollins, Simon & Schuster, Macmillan Publishers, Bloomsbury Publishing, Scholastic Corporation, Pearson Education, John Wiley & Sons, and Cengage Learning. These leading organizations in the publishing sector are recognized for their diverse range of books spanning multiple genres and styles. Whether it's popular fiction and non-fiction works or educational resources and scholarly texts, these major players maintain a significant presence within the global publishing landscape. Continuously adapting and enhancing their product offerings, they strive to meet the changing preferences and needs of readers on a global scale.

COVID-19 Impact and Market Status:

The global market for books has experienced a decline in sales and faced challenges in distribution channels due to the adverse effects of the Covid-19 pandemic.

The emergence of the COVID-19 pandemic has brought about profound changes within the books market. Due to widespread lockdowns and measures promoting social distancing, traditional brick-and-mortar bookshops have been compelled to cease operations, resulting in a notable drop in in-person sales. Nevertheless, the desire for literary works has not waned entirely. As individuals find themselves spending more time in their residences, there has been a discernible uptick in the procurement of books through online channels, as well as a ened interest in e-books and audiobooks. Many book enthusiasts have shifted their focus to digital platforms to fulfill their reading needs, causing a surge in online book transactions. Moreover, the closure of public libraries has prompted readers to embrace e-books and audiobooks as viable alternatives. This transition towards digital mediums has been accelerated by the pandemic. Despite the hurdles encountered by the books market, the sector has demonstrated resilience and flexibility by adapting to evolving consumer preferences. As restrictions ease and physical bookstores recommence operations, a gradual recuperation in traditional book sales is anticipated, albeit online sales are poised to remain prominent. In essence, the COVID-19 outbreak has revolutionized the books market, propelling it towards digitalization and unveiling novel growth prospects.

Latest Trends and Innovation:

- In June 2020, Penguin Random House announced its acquisition of Simon & Schuster, expanding its presence in the book market.

- In September 2020, Bloomsbury Publishing acquired Zed Books, a leading independent publisher known for its focus on social issues and activism.

- In January 2021, Hachette UK announced the merger of its divisions, Headline Publishing Group and Quercus, to strengthen their collective publishing presence.

- In March 2021, HarperCollins Publishers acquired the trade book assets of Egmont Books UK, further enhancing their portfolio of children's books.

- In April 2021, Pearson, a global education company, sold its remaining stake in Penguin Random House, enabling the latter to become wholly owned by Bertelsmann.

- In May 2021, Amazon unveiled its new Kindle Paperwhite, featuring a thinner and lighter design, higher resolution display, and improved waterproofing.

- In July 2021, HarperCollins Publishers announced the acquisition of HMH Books & Media, which added renowned authors and titles to their catalog.

- In August 2021, Macmillan Publishers launched a new imprint called Celadon Books to focus on publishing fiction and non-fiction titles by up-and-coming authors.

- In October 2021, Barnes & Noble unveiled its next-generation Nook GlowLight Plus e-reader, boasting features like a high-resolution 300-dpi display and enhanced waterproofing.

- In November 2021, Penguin Random House partnered with Archewell, the non-profit organization founded by Prince Harry and Meghan Markle, to publish their upcoming memoir.

- In December 2021, Hachette UK announced the acquisition of Endeavor's Transworld Publishers, strengthening their position as one of the largest publishers in the UK.

Significant Growth Factors:

Factors contributing to the growth of the book market encompass the rising demand for e-books, the broadening readership of self-help and personal growth literature, and the emergence of online book retail platforms.

The growth in the books market in recent years can be attributed to various significant factors. One key contributing factor is the increasing availability and affordability of e-books. The proliferation of smartphones, tablets, and e-readers has made it easier for readers to access a broad selection of books from anywhere at any time. This convenience has fueled a notable increase in e-book sales as consumers are drawn to the portability and ease of digital reading. Another factor driving market growth is the expansion of online bookstores and platforms. Major e-commerce players like Amazon have created extensive marketplaces for books, making it simpler for consumers to explore and purchase titles across different genres and from various authors.

The rise of self-publishing has also played a crucial role in driving market growth by enabling aspiring authors to independently publish their works, circumventing traditional publishing barriers. This has led to a surge in new books and diverse content, providing readers with a wider array of choices.

Additionally, the rising global literacy rates and a growing interest in personal development and lifelong learning have further contributed to the books market growth. As individuals seek to enhance their knowledge and skills, books have become invaluable tools for personal improvement and growth, fueling the demand for educational and informative content. In conclusion, the books market has experienced significant expansion as a result of the increasing accessibility of e-books, the growth of online platforms, the popularity of self-publishing, and the ened interest in personal development and continuous learning.

Restraining Factors:

The physical book market could encounter obstacles as a result of the rising prevalence of e-books and digital reading platforms.

The book industry faces various challenges that are hindering its growth and potential. One significant issue is the increasing popularity of digital platforms and e-books, which have changed consumer preferences. This transition to digital reading formats has impacted the demand for physical books as consumers are drawn to the convenience of e-books. Additionally, the industry faces stiff competition from other entertainment sources like streaming services, social media, and video games, which have captured a significant portion of the market. Furthermore, rising publishing and distribution costs, along with increasing book prices, have made it harder for consumers to afford books, leading to a decline in sales. The limited shelf space in bookstores and libraries also restricts consumer choices by limiting book availability and visibility. Despite these challenges, there are opportunities for growth and innovation within the book market. The industry has seen a surge in audiobooks and subscription services to cater to evolving consumer preferences. Niche and specialty books, such as self-help, personal development, and vintage editions, continue to attract demand. In addition, book clubs, online communities, and social sharing platforms have enabled book enthusiasts to connect and create communities, reinforcing the enduring value of books in society.

Key Segments of the Books Market 

Book Type Overview  • Science Books • Historical Books • Mystery Books • Fantasy Books • Literary Books • Contemporary/Realistic Books • Romance Books • Educational Books • Comic Books • Others

Distribution Channel Overview • Online Bookstores • Local Book Shops • Retail Shops • Specialty Stores

Format Overview • Hard Copy Books • Ebooks • Audiobooks

Regional Overview

North America • US • Canada • Mexico Europe • Germany • France • U.K • Rest of Europe Asia Pacific • China • Japan • India • Rest of Asia Pacific Middle East and Africa • Saudi Arabia • UAE • Rest of Middle East and Africa Latin America • Brazil • Argentina • Rest of Latin America

Frequently Asked Questions (FAQ) :

What is the cagr growth rate of the books market for the forecast period, what will be the size of books market in the coming years, what is the study period of this books market, which are the significant players operating in the books market, how can i get sample reports/company profiles for the books market.

The emergence of the COVID-19 pandemic has brought about profound changes within the books market. Due to widespread lockdowns and measures promoting social distancing, traditional brick-and-mortar bookshops have been compelled to cease operations, resulting in a notable drop in in-person sales. Nevertheless, the desire for literary works has not waned entirely. As individuals find themselves spending more time in their residences, there has been a discernible uptick in the procurement of books through online channels, as well as a heightened interest in e-books and audiobooks. Many book enthusiasts have shifted their focus to digital platforms to fulfill their reading needs, causing a surge in online book transactions. Moreover, the closure of public libraries has prompted readers to embrace e-books and audiobooks as viable alternatives. This transition towards digital mediums has been accelerated by the pandemic. Despite the hurdles encountered by the books market, the sector has demonstrated resilience and flexibility by adapting to evolving consumer preferences. As restrictions ease and physical bookstores recommence operations, a gradual recuperation in traditional book sales is anticipated, albeit online sales are poised to remain prominent. In essence, the COVID-19 outbreak has revolutionized the books market, propelling it towards digitalization and unveiling novel growth prospects.

Additionally, the rising global literacy rates and a growing interest in personal development and lifelong learning have further contributed to the books market growth. As individuals seek to enhance their knowledge and skills, books have become invaluable tools for personal improvement and growth, fueling the demand for educational and informative content. In conclusion, the books market has experienced significant expansion as a result of the increasing accessibility of e-books, the growth of online platforms, the popularity of self-publishing, and the heightened interest in personal development and continuous learning.

Table of Contents 

1. Introduction                     1.1. Introduction                     1.2. Units, Currency, Conversions, and Years Considered                     1.3. Market Definition and Scope                     1.4. Key Stakeholders                     1.5. Key Questions Answered 2. Research Methodology                     2.1. Introduction                     2.2. Data Capture Sources                     2.3. Market Size Estimation                     2.4. Market Forecast                     2.5. Data Triangulation                     2.6. Assumptions and Limitations 3. Market Outlook                     3.1. Introduction                     3.2. Market Dynamics                             3.2.1. Drivers                             3.2.2. Restraints                             3.2.3. Opportunities                             3.2.4. Challenges                     3.3. Porter’s Five Forces Analysis                     3.4. PEST Analysis 4. Books Market by Type                     4.1. Science                     4.2. Historical                     4.3. Mystery                     4.4. Fantasy                     4.5. Literary                     4.6. Contemporary/Realistic                     4.7. Romance                     4.8. Educational                     4.9. Comic                     4.10. Others 5. Books Market by Distribution Channel                     5.1. Online                     5.2. Local Book Shops                     5.3. Retail Shops                     5.4. Specialty Stores 6. Books Market by Format                     6.1. Hard Copy                     6.2. Ebooks                     6.3. Audiobooks 7. Books Market by Region                     7.1. North America                              7.1.1. US                              7.1.2. Canada                              7.1.3. Mexico                      7.2. Europe                              7.2.1. Germany                              7.2.2. France                              7.2.3. U.K                              7.2.4. Rest of Europe                      7.3. Asia Pacific                              7.3.1. China                              7.3.2. Japan                              7.3.3. India                              7.3.4. Rest of Asia Pacific                      7.4. Middle East & Africa                              7.4.1. Saudi Arabia                              7.4.2. UAE                              7.4.3. Rest of Middle East and Africa                      7.5. Latin America                              7.5.1. Brazil                              7.5.2. Argentina                              7.5.3. Rest of Latin America 8. Competitive Landscape                     8.1. Penguin Random House                     8.2. Hachette Livre                     8.3. HarperCollins                     8.4. Simon & Schuster                     8.5. Macmillan Publishers                     8.6. Bloomsbury Publishing                     8.7. Scholastic Corporation                     8.8. Pearson Education                     8.9. John Wiley & Sons                     8.10. Cengage Learning 9. Appendix                     9.1. Primary Research Approach                             9.1.1. Primary Interview Participants                             9.1.2. Primary Interview Summary                     9.2. Questionnaire                     9.3. Related Reports                             9.3.1. Published                             9.3.2. Upcoming

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Global Books Market Report By Type (Science, Historical, Mystery, Fantasy, Literary, Contemporary/Realistic, Romance, Educational, Comic, Others), By Format (Hard Copy, E-Books, Audiobooks), By Distribution Channel (Online, Local Book Shops, Retail Shops, Specialty Stores) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2023-2032

The global demand for Books Market is presumed to reach the market size of nearly USD 180.4 BN by 2030 from USD 149.39 BN in 2022 with a CAGR of 2.9% under the study period 2023 - 2030. Traditionally a book was a medium for recording information, both text and images comprising of pages and covered for protection. But, with time, advancements in technology and digital media, information is now being recorded in the form of e-books and audiobooks. 

Market Dynamics 

The global books market has taken a huge leap due to the high adaption of e-books and audiobooks by readers. Increasing disposable income, work-from-home trends and rising consumer awareness about the benefits of reading books are showcasing a steep growth trend for this market. However, the high printing cost may restrict the growth of this market during the study period. The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of books. The growth and trends of books industry provide a holistic approach to this study. 

Market Segmentation

This section of the books market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.  By Type

• Contemporary/Realistic
• Educational

By Distribution Channel

• Local Book Shops
• Retail Shops
• Specialty Stores

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Books market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

Global Books Market Share by Region (Representative Graph)

1 . PREFACE        1.1. Report Description            1.1.1. Objective            1.1.2. Target Audience            1.1.3. Unique Selling Proposition (USP) & offerings        1.2. Research Scope        1.3. Research Methodology            1.3.1. Market Research Process            1.3.2. Market Research Methodology 2 . EXECUTIVE SUMMARY        2.1. Highlights of Market        2.2. Global Market Snapshot 3 . BOOKS – INDUSTRY ANALYSIS        3.1. Introduction - Market Dynamics        3.2. Market Drivers        3.3. Market Restraints        3.4. Opportunities        3.5. Industry Trends        3.6. Porter's Five Force Analysis        3.7. Market Attractiveness Analysis            3.7.1 Market Attractiveness Analysis By Type            3.7.2 Market Attractiveness Analysis By Format            3.7.3 Market Attractiveness Analysis By Distribution Channel            3.7.4 Market Attractiveness Analysis By Region 4 . VALUE CHAIN ANALYSIS        4.1. Value Chain Analysis        4.2. Raw Material Analysis            4.2.1. List of Raw Materials            4.2.2. Raw Material Manufactures List            4.2.3. Price Trend of Key Raw Materials        4.3. List of Potential Buyers        4.4. Marketing Channel            4.4.1. Direct Marketing            4.4.2. Indirect Marketing            4.4.3. Marketing Channel Development Trend 5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK 6 . GLOBAL BOOKS MARKET ANALYSIS BY TYPE        6.1 Overview by Type        6.2 Historical and Forecast Data        6.3 Analysis by Type        6.4 Science Historic and Forecast Sales by Regions        6.5 Historical Historic and Forecast Sales by Regions        6.6 Mystery Historic and Forecast Sales by Regions        6.7 Fantasy Historic and Forecast Sales by Regions        6.8 Literary Historic and Forecast Sales by Regions        6.9 Contemporary/Realistic Historic and Forecast Sales by Regions        6.10. Romance Historic and Forecast Sales by Regions        6.11 Educational Historic and Forecast Sales by Regions        6.12 Comic Historic and Forecast Sales by Regions        6.13 Others Histo...

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E-commerce Update: 2021 Sales vs. 2019

During this same week in pre-COVID 2019, online sales revenue was 360 percent less than what we’ve been experiencing over the past seven days on IndieCommerce and IndieLite websites. 

E-commerce Update: Comparing Seven Days of 2021 to Previous Years

Even though sales are down compared to the sales anomaly that was the year 2020, online sales revenue is up 369.19 percent from what was “normal” for most stores in pre-COVID 2019.

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Retail Sales at Bookstores Down in December

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Retail sales at U.S. bookstores were down by 7.6 percent in December 2019 compared to December 2018, according to preliminary figures from the Bureau of the Census. 

Retail Sales at Bookstores Down in November

Retail sales at U.S. bookstores were down by 7.3 percent in November 2019 compared to November 2018, according to preliminary figures from the Bureau of the Census. 

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“The holidays really bring out the magic of what a bookstore is and what it can do for a community,” said Laurie Raisys of Island Books. “We get to be a part of so many little special moments. It amazes me.”

Retail Sales at Bookstores Down in October

Retail sales at U.S. bookstores were down by 1.7 percent in October 2019 compared to October 2018, according to preliminary figures from the Bureau of the Census. 

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Binc Foundation Announces Results of 2019 Survey

The survey aimed to gather information on booksellers’ current level of awareness of the foundation’s services, to rate program performance and relevance, and to solicit suggestions for new programs.

Retail Sales at Bookstores Down in September

Retail sales at U.S. bookstores were down by 2.3 percent in September 2019 compared to September 2018, according to preliminary figures from the Bureau of the Census. As of November 13, the year-to-date sales among ABA member stores, as reported to the weekly Indie Bestseller Lists, are up 0.11 percent over 2018.

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Highlights From the ABACUS-18 Financial Benchmarking Report

Among other reveals, respondents’ net income before taxes has continued to grow and was positive for the third straight year.

Retail Sales at Bookstores Down in August

Retail sales at U.S. bookstores were down by 10.3 percent in August 2019 compared to August 2018, according to preliminary figures from the Bureau of the Census. As of October 10, the year-to-date sales among ABA member stores, as reported to the weekly Indie Bestseller Lists, are down 0.26 percent over 2018. Compound annual growth among ABA member stores is 7.5 percent over the past five years. 

Retail Sales at Bookstores Down in July

Retail sales at U.S. bookstores were down by 5 percent in July 2019 compared to July 2018, according to preliminary figures from the Bureau of the Census. As of September 11, the year-to-date sales among ABA member stores, as reported to the weekly Indie Bestseller Lists, are down 0.77 percent over 2018. Compound annual growth among ABA member stores is 7.5 percent over the past five years. 

Retail Sales at Bookstores Down in June

Retail sales at U.S. bookstores were down by 5 percent in June 2019 compared to June 2018, according to preliminary figures from the Bureau of the Census. As of August 14, the year-to-date sales among ABA member stores, as reported to the weekly Indie Bestseller Lists, are down 0.49 percent over 2018. Compound annual growth among ABA member stores is 7.5 percent over the past five years. 

Retail Sales at Bookstores Down in May

Retail sales at U.S. bookstores were down by 0.7 percent in May 2019 compared to May 2018, according to preliminary figures from the Bureau of the Census. As of July 10, the year-to-date sales among ABA member stores, as reported to the weekly Indie Bestseller Lists, are down 0.5 percent over 2018. Compound annual growth among ABA member stores is 7.5 percent over the past five years. 

Retail Sales at Bookstores Up in April

Retail sales at U.S. bookstores were up by 3.4 percent in April 2019 compared to April 2018, according to preliminary figures recently released by the Bureau of the Census.

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Global Books Market Report 2024

Books Market Report 2024 (Global Edition)

Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.

The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.

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Global Books Market Report 2024 Market Size Split by Type (Trade books, Other books), by Application (Adult, Children)

"Global Books market size 2023 was XX Million. Books Industry compound annual growth rate (CAGR) will be XX% from 2024 till 2031."

Preview of Global Books Market Revenue

Books Market Size, CAGR and Industry Statistics

Industry segmentation can be altred as per your needs. For example, we can proivde cross slipt between Trade books with Application, , additional country analysis, volume/consumption data, etc.

Books Market Report Scope

Report scope is customizable as we have a huge database of Books industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages .

Books Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!

Books Market Report Description

Market Dynamics such as Drivers, Restraints, Opportunities, Trends data

Books Industry Dynamics

Market dynamics is the key parameter of the report study. The Chemical Industry is influenced by positive as well as negative factors, including raw material availability, regulatory changes, economic conditions,  and others. Moreover,  environmental and safety regulations are important in shaping the chemical industry.

In this chapter, we have included a detailed analysis of drivers, restraints, opportunities and technological roadmap for Books Market. Global Books market dynamics can have a significant impact on the production, pricing, and distribution of chemicals. This analysis also helps businesses operating in the chemical industry to understand the current market conditions, technological advancement along with environmental and safety regulations.

We have various report editions of Books Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access .

Top Companies in Books Market

Chemical and materials companies are facing some challenges including stringent rules & regulation, supply chain disruption along with raw material price volatility. Thus, some of the key players are adopting new technologies to enhance their product portfolio. Now days digital technologies play an important role in this sector because it improves efficiency, operations and productivity of the plant. This study helps you to understand the competitor’s revenue generation, key strategies, recent development coupled with its S.W.O.T analysis.

• McGraw-Hill Publications
• Penguin Random House
• Hachette Livre
• Thomas Reuters
• HarperCollins
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Books Market Regional Analysis

The regional analysis offers Books market size, share and a detailed analysis for each region. This quantitative as well as qualitative information is crucial for new entrants along with companies operating in Books market . Books market production and consumption can vary significantly from one region to another owing to factors such as, the availability of raw materials, regulatory environments, and others.

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

Books Market Share (%) by Region (2019-2031)

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Books Market Analysis

Global Books Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Books Industry growth. Books market has been segmented with the help of its Type, Application , and others. Books market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

Type Segment Analysis of Books Market

Quality management is the major parameter to meet specific standards and specifications, reliability and consistency. The chemical and material industry is full of various types of chemicals and it is necessary to focus on quality management because it may affect environment & other equipment. Raw materials plays an important role in this industry. The chemical industry converts these raw materials into primary, secondary, and tertiary products. Fluctuations in raw material prices may impact the market growth in the near future. This study includes the revenue generation of each type in each region for the year 2019 to 2031. Additionally it also provides detailed supply chain analysis along with current trends in the market which are expected to propel the market growth in the coming year.

• Trade books
• Other books

Books Market Share (%) by Type in 2019-2031

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Books Industry. Request a Free Sample PDF!

Application Segment Analysis of Books Market

Chemical and materials are one of the most important industries for other sectors including automotive, pharmaceutical, personal care, consumer goods and others. The demand for high quality and environment friendly products is increasing in various end-use sectors. Thus, key manufacturers are focusing on technological advancement in production of high-quality chemicals. The segment analysis will help to understand which is the most attractive application/end use sector. It also provides the year on year (Y-O-Y) growth rate for each segment. Moreover, this study includes the detailed analysis of each segment to understand the key positive and negative factors which are impacting the growth of the Books Market.

Books Market Share (%) by Application in 2019-2031

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Books market report 2024 Edition by contacting our team .

Author's Detail

Senior Research Analyst at Cognitive Market Research

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults • Proficient in secondary research and familiar with all paid research databases • Proficient in primary research and handling client queries through mails and calls • Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis • Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients • Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals  • Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

I am a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis, I thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making. My analytical mindset, coupled with effective communication skills, allows me to bridge the gap between data analysis and practical business applications.

I served as a key player in market research and competitive analysis. I have a proven track record of synthesizing disparate data sources, employing statistical models, and delivering comprehensive insights. Collaborating across departments, I played a pivotal role in shaping evidence-based strategies that fueled the success of key business initiatives. I am committed to ongoing professional development, participating in industry conferences, workshops, and pursuing additional certifications to stay at the forefront of research methodologies.

Author's Conclusion

Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.

The Global Books Market is witnessing significant growth in the near future.

In 2023, the Trade books segment accounted for noticeable share of global Books Market and is projected to experience significant growth in the near future.

The Adult segment is expected to expand at the significant CAGR retaining position throughout the forecast period.

Some of the key companies Pearson, Penguin Random House and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.

Frequently Asked Questions

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• https://www.wermac.org/materials/chemical_elements.html
• https://www.rsc.org/journals-books-databases/about-journals/industrial-chemistry-materials/
• https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Archive:Chemicals_production_statistics
• https://pubs.acs.org/
• https://www.bls.gov/ooh/life-physical-and-social-science/chemists-and-materials-scientists.htm
• https://www.osha.gov/chemical-hazards
• https://www.ilo.org/global/topics/labour-administration-inspection/resources-library/publications/guide-for-labour-inspectors/harmful-chemical-and-biological-agents-substances/lang--en/index.htm
• https://www.americanchemistry.com/chemistry-in-america/data-industry-statistics
• https://www.nsf.gov/news/classroom/chemistry.jsp
• https://cen.acs.org/
• https://www.materialstoday.com/materials-chemistry/news/
• https://group.echemi.com/en/index.html
• https://www.technology.org/category/technologies/chemistry/
• https://www.cisa.gov/sites/default/files/publications/Chemical-Sector-Profile_Final%20508.pdf

Books Market Report Table of Content

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This chapter will help you gain GLOBAL Market Analysis of Books. Further deep in this chapter, you will be able to review Global Books Market Split by various segments and Geographical Split.

Chapter 1 Global Market Analysis

• 1.1 Global Books Market Size, Trend Analysis 2019 - 2031

Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.

• 1.2.1 Global Books Revenue Market Size By Region
• 1.3.1 Trade books Market Size
• 1.3.2 Other books Market Size
• 1.4.1 Adult Market Size
• 1.4.2 Children Market Size
• 1.5 Global Level Competitor Analysis (Subject to Data Availability (Private Players))

You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)

• 1.6.1 Regional Market Revenue Summary 2019 vs 2024 vs 2031
• 1.6.2 Global Market Revenue Split By Type
• 1.6.3 Global Market Revenue Split By Application

Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable

Chapter 2 North America Market Analysis

• 2.1.1 North America Books Market Size By Country 2019 - 2031
• 2.1.2.1 North America Trade books Market Size
• 2.1.2.2 North America Other books Market Size
• 2.1.3.1 North America Adult Market Size
• 2.1.3.2 North America Children Market Size

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• 2.2.1 North America Company Market Share 2019 till 2023

Qualitative Analysis for the North America Market: North America Books Market Trends North America Books Technological Road Map North America Books Market Drivers North America Books Market Restraints North America Books Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis

You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)

• 2.3.1 North America Market Summary 2019 vs 2024 vs 2031
• 2.3.2 North America Market Revenue Split By Type
• 2.3.3 North America Market Revenue Split By Application

Chapter 3 Europe Market Analysis

• 3.1.1 Europe Books Market Size By Country 2019 - 2031
• 3.1.2.1 Europe Trade books Market Size
• 3.1.2.2 Europe Other books Market Size
• 3.1.3.1 Europe Adult Market Size
• 3.1.3.2 Europe Children Market Size
• 3.2.1 Europe Company Market Share 2019 till 2023
• 3.2.2 Qualitative Analysis for Europe Market

You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)

• 3.3.1 Europe Revenue Market Summary 2019 vs 2024 vs 2031
• 3.3.2 Europe Market Revenue Split By Type
• 3.3.3 Europe Market Revenue Split By Application

Chapter 4 Asia-Pacific Market Analysis

• 4.1.1 Asia Pacific Books Market Size By Country 2019 - 2031
• 4.1.2.1 Asia Pacific Trade books Market Size
• 4.1.2.2 Asia Pacific Other books Market Size
• 4.1.3.1 Asia Pacific Adult Market Size
• 4.1.3.2 Asia Pacific Children Market Size
• 4.2.1 Asia Pacific Company Market Share 2019 till 2023
• 4.2.2 Qualitative Analysis for Asia Pacific Market

You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)

• 4.3.1 Asia Pacific Market Summary 2019 vs 2024 vs 2031
• 4.3.2 Asia Pacific Market Revenue Split By Type
• 4.3.3 Asia Pacific Market Revenue Split By Application

Chapter 5 South America Market Analysis

• 5.1.1 South America Books Revenue Market Size By Country 2019 - 2031
• 5.1.2.1 South America Trade books Market Size
• 5.1.2.2 South America Other books Market Size
• 5.1.3.1 South America Adult Market Size
• 5.1.3.2 South America Children Market Size
• 5.2.1 South America Company Market Share 2019 till 2023
• 5.2.2 Qualitative Analysis for South America Market

You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)

• 5.3.1 South America Market Summary 2019 vs 2024 vs 2031
• 5.3.2 South America Market Revenue Split By Type
• 5.3.3 South America Market Revenue Split By Application

Chapter 6 Middle East and Africa Market Analysis

• 6.1.1 Middle East and Africa Books Revenue Market Size By Country 2019 - 2031
• 6.1.2.1 Middle East and Africa Trade books Market Size
• 6.1.2.2 Middle East and Africa Other books Market Size
• 6.1.3.1 Middle East and Africa Adult Market Size
• 6.1.3.2 Middle East and Africa Children Market Size
• 6.2.1 Middle East and Africa Company Market Share 2019 till 2023
• 6.2.2 Qualitative Analysis for Middle East and Africa Market

You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)

• 6.3.1 Middle East and Africa Market Summary 2019 vs 2024 vs 2031
• 6.3.2 Middle East and Africa Market Revenue Split By Type
• 6.3.3 Middle East and Africa Market Revenue Split By Application

Only Available with Corporate User License

Chapter 7 Top 10 Countries Analysis

• 7.1.1 Country 1Books Market Size by Type 2019 -2031
• 7.1.2 Country 1Books Market Size by Application 2019 -2031
• 7.2.1 Segmentation Analysis will be provided as shown for Country 1
• 7.3.1 Segmentation Analysis will be provided as shown for Country 1
• 7.4.1 Segmentation Analysis will be provided as shown for Country 1
• 7.5.1 Segmentation Analysis will be provided as shown for Country 1
• 7.6.1 Segmentation Analysis will be provided as shown for Country 1
• 7.7.1 Segmentation Analysis will be provided as shown for Country 1
• 7.8.1 Segmentation Analysis will be provided as shown for Country 1
• 7.9.1 Segmentation Analysis will be provided as shown for Country 1
• 7.10.1 Segmentation Analysis will be provided as shown for Country 1

Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)

Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))

• 8.1.1 Top Players Ranking 2022

(Subject to Data Availability (Private Players))

• 8.1.3 Industry Mergers and Acquisition Analysis
• 8.1.4 New Product Launch Analysis

Data Subject to Availability as we consider Top competitors and their market share will be delivered.

• 8.2.1.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
• 8.2.1.2 Business Overview
• 8.2.1.3 Financials (Subject to data availability)
• 8.2.1.4 Product Types Specification
• 8.2.1.5 Business Strategy
• 8.2.1.6 S.W.O.TAnalysis
• 8.2.2.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
• 8.2.2.2 Business Overview
• 8.2.2.3 Financials (Subject to data availability)
• 8.2.2.4 Product Types Specification
• 8.2.2.5 Business Strategy
• 8.2.2.6 S.W.O.TAnalysis
• 8.2.3.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
• 8.2.3.2 Business Overview
• 8.2.3.3 Financials (Subject to data availability)
• 8.2.3.4 Product Types Specification
• 8.2.3.5 Business Strategy
• 8.2.3.6 S.W.O.TAnalysis
• 8.2.4.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
• 8.2.4.2 Business Overview
• 8.2.4.3 Financials (Subject to data availability)
• 8.2.4.4 Product Types Specification
• 8.2.4.5 Business Strategy
• 8.2.4.6 S.W.O.TAnalysis
• 8.2.5.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
• 8.2.5.2 Business Overview
• 8.2.5.3 Financials (Subject to data availability)
• 8.2.5.4 Product Types Specification
• 8.2.5.5 Business Strategy
• 8.2.5.6 S.W.O.TAnalysis
• 8.2.6.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
• 8.2.6.2 Business Overview
• 8.2.6.3 Financials (Subject to data availability)
• 8.2.6.4 Product Types Specification
• 8.2.6.5 Business Strategy
• 8.2.6.6 S.W.O.TAnalysis
• 8.2.7.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
• 8.2.7.2 Business Overview
• 8.2.7.3 Financials (Subject to data availability)
• 8.2.7.4 Product Types Specification
• 8.2.7.5 Business Strategy
• 8.2.7.6 S.W.O.TAnalysis
• 8.2.8.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
• 8.2.8.2 Business Overview
• 8.2.8.3 Financials (Subject to data availability)
• 8.2.8.4 Product Types Specification
• 8.2.8.5 Business Strategy
• 8.2.8.6 S.W.O.TAnalysis
• 8.2.9.1 Company Basic Information, Manufacturing Base, Sales Area, and Competitors
• 8.2.9.2 Business Overview
• 8.2.9.3 Financials (Subject to data availability)
• 8.2.9.4 Product Types Specification
• 8.2.9.5 Business Strategy
• 8.2.9.6 S.W.O.TAnalysis

Chapter 9 Qualitative Analysis (Subject to Data Availability)

• 9.1 Market Drivers
• 9.2 Market Trends
• 9.3 Market Restraints
• 9.4 Market Opportunity
• 9.5 Product Life Cycle (Subject to Data Availability)
• 9.6.1 Industry Chain Analysis
• 9.6.2 Manufacturing Cost Analysis
• 9.6.3 Consumer Preference Analysis
• 9.6.4.1 Raw Material Analysis
• 9.6.4.2 Raw Material Procurement Analysis
• 9.6.4.3 Raw Material Price Trend Analysis
• 9.7 Market Attractiveness Analysis
• 9.8 COVID – 19 Impact Analysis
• 9.9 PESTEL Analysis
• 9.10 Porter’s Five Forces Analysis
• 9.11 Patent Analysis (Subject to Data Availability)
• 9.12 ESG Analysis
• 9.13 Technological Road Map

Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.

Chapter 10 Market Split by Type Analysis 2019 -2031

• 10.1.1 Global Books Revenue Market Size and Share by Trade books 2019 -2031
• 10.2.1 Global Books Revenue Market Size and Share by Other books 2019 -2031

The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.

Chapter 11 Market Split by Application Analysis 2019 -2031

• 11.1.1 Global Books Revenue Market Size and Share by Adult 2019 - 2031
• 11.2.1 Global Books Revenue Market Size and Share by Children 2019 - 2031

This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Books market

Chapter 12 Research Findings

• 12.1 Key Takeaways

Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.

• 12.3 Assumptions and Acronyms

Sample Format of Deliverables

Qualitative analysis, books market regional reports, books market other related reports, global ascorbic acid 2-glucoside for personal care market report.

Published January 1, 2023      Number of Pages:250+ Report Format: PDF | PPT | Excel | Word | Bi

Global Test Report Market Report

Research methodology implemented by manoj phagare and team.

• 1.1 Books Market Report 2024 Research Methodology
• 1.2.1 Primary Research for Books Market
• 1.2.1.1 Key Data from Primary
• 1.2.1.2 Primary Interviews with Experts
• 1.2.1.3 Key Industry Insights
• 1.2.1.4 Questionnaire for Books Market
• 1.2.1.5 Breakdown of Primaries
• 1.2.2 Secondary Research for Books Market
• 1.2.2.1 Key Data from Secondary
• 1.2.2.2 Paid Sources
• 1.2.2.3 Public Sources
• 1.3.1.1 Analyzing Market Size by Top-Down Approach (Supply Side)
• 1.3.2.1 Analyzing Market Size by Bottom-Up Approach (Demand Side)
• 1.4 Market Breakdown and Data Triangulation
• 1.5 Research Assumptions for Books Market

Key Questions Answered By Books Market Report 2024

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Books Market Size, Share, Growth Analysis, By Format(Hard copy, e-books, and audiobooks), By Distribution Channel(Online, local book shops, retail shops, and specialty stores), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25G2001 | Region: Global | Published Date: July, 2024 Pages: 223 | Tables: 64 | Figures: 75

• DESCRIPTION
• TABLE OF CONTENTS
• METHODOLOGY
• ANALYST SUPPORT

Books Market Insights

Global Books Market size was valued at USD 141.86 Billion in 2022 and is poised to grow from USD 144.41 Billion in 2023 to USD 166.57 Billion by 2031, at a CAGR of 1.8% during the forecast period (2024-2031).

The global books market is a thriving industry that caters to the reading needs of individuals worldwide. The market offers a diverse range of formats, including hardcover books, paperbacks, audiobooks, and e-books, to name a few. The primary purpose of the market is to provide readers with access to literature and information, be it for entertainment or educational purposes. One of the key drivers of this growth is the increasing popularity of e-books and audiobooks , which offer readers the convenience of accessing books anytime, anywhere, and on any device. Moreover, the rise in literacy rates, particularly in developing regions, has also contributed to the growth of the market. Despite the growth prospects, the global books market faces several challenges. One of the major restraints is the increasing competition from alternative entertainment sources, such as streaming services, social media, and video games, which may divert readers' attention away from books. Additionally, the high cost of books, particularly hardcover books, may limit the market's growth potential, particularly in low-income regions.

Despite these challenges, the global books market offers several opportunities for growth. For instance, the growing popularity of self-publishing platforms, such as Amazon's Kindle Direct Publishing, provides a cost-effective way for independent authors to publish their work, thereby increasing the market's overall offerings. Furthermore, the growing demand for books in regional languages, particularly in Asia-Pacific and Africa, offers a significant opportunity for publishers to expand their offerings. In terms of key trends, the global books market is witnessing a shift towards digital formats, particularly e-books, and audiobooks. The market is also experiencing an increasing demand for non-fiction books, particularly in genres such as self-help, memoirs, and business, among others. Additionally, the market is witnessing an increasing trend towards subscription-based models, such as Amazon's Kindle Unlimited and Audible, which offer readers unlimited access to a vast library of books for a monthly fee.

Market Snapshot - 2024-2031

Global Market Size

USD 141.86 Billion

Largest Segment

Fastest Growth

Growth Rate

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Books Market Segmental Analysis

Global Books Market is segmented on the basis of format, distribution channel, and region. By format, the market is segmented into hard copy, e-books, and audiobooks. By distribution channel, the market is segmented into online, local book shops, retail shops, and specialty stores. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Analysis by Format

In 2021, the hard copy segment dominated the global books market, contributing around 78.7% of the market revenue. The popularity of hard copy books is due to their unique features that make them a preferred choice among readers. They are easy to read, browse, and have a certain durability that digital text does not have. Books have been a part of human history for centuries and have survived despite the competition from various technologies.

The audiobooks segment is anticipated to register faster growth during the forecast period. Audiobooks have gained popularity due to their immersive, educational, instructional, and entertaining nature. They are perfect for people who are time-poor and time-rich. Audiobooks can also improve the literacy of young readers and those for whom English is a second language. Moreover, according to the Western Down Libraries website, around 27% of the Kindergarten to Year 12 population are auditory learners. Regularly listening to audiobooks can help students comprehend two grade levels above their reading level. Combining print and audio increases recall by 40% over print alone, making it an effective way to improve learning outcomes.

Analysis by Distribution Channel

Local bookshops have long been a cherished institution, serving as a hub for book lovers to congregate, exchange ideas, and discover new worlds. In 2021, local bookstores dominated the distribution channel, accounting for a significant 50.3% of the market revenue share. These shops offer a personal touch and a sense of community, providing a warm and welcoming atmosphere for readers of all ages and interests. Not only do local bookshops sell books, but they also play a critical role in nurturing local literary talent. By hosting in-house book clubs, themed reading groups, and author events, they create a platform for aspiring writers and readers to interact and exchange ideas, fostering a creative and vibrant literary scene in their communities.

The online channel is expected to register faster growth in the coming years. Online vendors are embracing innovative strategies to attract customers, such as selling second-hand or used books in readable condition at low prices. This has proven to be a highly successful venture, particularly among students and young bookworms looking for affordable yet high-quality reads. For instance, Kitabay, a website operating in India, offers second-hand books at a meager price of 14 USD, with free home delivery for orders above a specific amount. Customers can also choose from "Mystery Box" options, which offer a selection of books based on genres, such as Romance, Women's Fiction, Young Adult, Classics, and more. This strategy not only attracts budget-conscious customers but also promotes sustainability by giving used books a new lease on life.

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Books Market Regional Insights

North America accounted for the largest share of the global book market in 2021, with a contribution of over 32.9%. This can be attributed to the presence of numerous independent publishers and publishing companies in the region, which is expected to drive market growth. Additionally, the rising number of enthusiastic readers in North America is likely to further benefit the market. In terms of book retailers, Amazon holds the largest market share in North America, followed by Barnes & Noble. Among book formats, hardcover books are expected to hold the largest market share, while audiobooks are anticipated to witness significant growth. The penetration of e-books is also predicted to increase in the region. However, many physical retail bookstores have been facing challenges due to the growing number of readers switching to online shopping or opting for subscription-based e-books.

The Asia Pacific region is expected to witness growth at the fastest CAGR. The book market in this region is currently in the growth phase, and it is dominated by local publishers. The demand for international books is expected to increase, but the region's diverse languages result in higher demand for books in regional languages compared to English books.

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Books Market Dynamics

Technological advancements

• The growth of e-books and audiobooks has had a significant impact on the global books market. As technology continues to evolve, more people are turning to digital books as their preferred reading format. E-books are convenient, portable, and often less expensive than traditional print books. In addition, e-books allow readers to adjust font sizes and styles, making reading more accessible to those with visual impairments. Audiobooks, on the other hand, are a popular choice for those who prefer to listen to books while commuting or doing other activities. With the growth of the internet and the increasing availability of high-speed internet connections, accessing e-books and audiobooks has become easier than ever before.

Expansion of distribution channels

• The rise of online retailers such as Amazon has had a significant impact on the global market. Online retailers have made it easier for consumers to access a wider range of books, including hard-to-find titles and self-published works. In addition, online retailers offer a more convenient shopping experience, allowing consumers to browse and purchase books from the comfort of their own homes. This has helped to boost demand for books, as consumers are able to find and purchase books more easily than ever before. Furthermore, online retailers have made it easier for publishers and authors to reach a wider audience, regardless of their geographic location. This has helped to drive the production of more books, which in turn has helped to drive demand for books.

High production costs

• High production costs can impact the overall demand for books as publishers may find it challenging to price their books competitively. Higher production costs may lead to higher prices for books, which can ultimately result in lower demand. Additionally, higher production costs may also force publishers to print smaller quantities of books, which can make it more difficult for readers to find the books they want, particularly if they are not bestsellers. This can lead to a decline in demand for books overall, as readers may become frustrated with the limited selection of books available.

Competition from digital media

• Competition from digital media can impact the demand for print books. With the rise of e-books, audiobooks, and online reading platforms, readers have more options than ever before. This can make it challenging for traditional print books to compete, particularly if they are priced higher than their digital counterparts. Additionally, the convenience of being able to access books instantly and from anywhere can make it more appealing for readers to choose digital books over print books. This can ultimately lead to a decline in demand for print books and impact the overall profitability of publishers and bookstores.

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Books Market Competitive Landscape

Global Books Market is highly competitive, with a large number of players operating in the industry. The market is characterized by the presence of both established and emerging players, who are constantly innovating to gain a competitive edge. The market is also characterized by a number of smaller players and independent publishers, who are carving out niche markets for themselves by focusing on specific genres or topics. In addition, there is growing competition from digital disruptors such as Google Books and Apple Books, who are leveraging their technological expertise to gain a foothold in the market. In terms of trends, the global books market is undergoing a significant transformation as readers increasingly shift toward digital formats. This has led to a decline in physical book sales, particularly in mature markets such as North America and Europe. However, the market for e-books is growing rapidly, particularly in emerging markets such as Asia-Pacific and Latin America. In addition, there is a growing demand for audiobooks, which are gaining popularity as a convenient and accessible alternative to print and digital formats.

Top Player’s Company Profiles

• Amazon.com, Inc. (US)
• Pearson PL (UK)
• Houghton Mifflin Harcourt Company (US)
• John Wiley & Sons, Inc. (US)
• Scholastic Corporation (US)
• News Corp (US)
• RELX PLC (UK)
• HarperCollins Publishers LLC (US)
• Holtzbrinck Publishing Group (Germany)
• Bloomsbury Publishing PLC (UK)
• Bonnier AB (Sweden)
• Shueisha Inc. (Japan)
• Kodansha Ltd. (Japan)
• Simon & Schuster (US)
• Cengage Learning Holdings II, Inc. (US)
• Grupo Santillana de Ediciones, S.L. (Spain)
• Egmont Group (Denmark)
• Oxford University Press (UK)
• Cambridge University Press (UK)
• Hachette Livre (France)

Recent Developments

• September of 2023 Months after an 800-year-old copy of the Bible became the most expensive book ever sold, two books by the famous authors Agatha Christie and Arthur Conan Doyle, which were once owned by English musician Charlie Watts, broke individual records for the beloved authors at Christie's auction house in London.
• In August 2021, HarperCollins Publishers announced the acquisition of Houghton Mifflin Harcourt's trade publishing division for $349 million. This deal will expand HarperCollins' portfolio of books and authors and give it a stronger foothold in the global educational market.
• In May 2021, Barnes & Noble Education, which operates college bookstores across the United States, announced a rebranding effort to become "Barnes & Noble College." The company also launched a new website and digital platform for students to purchase and rent textbooks.

Books Key Market Trends

• Rise of E-books and Audiobooks: With the widespread adoption of smartphones, tablets, and e-readers, there has been a significant increase in the popularity of e-books and audiobooks. These digital formats offer readers more convenience and flexibility, allowing them to access books on the go, across multiple devices.
• Growing Demand for Non-fiction: There has been a significant increase in the demand for non-fiction books in recent years, with readers looking for informative and educational content on topics ranging from self-help, personal development, and memoirs to history, politics, and current events.
• Subscription-based Models: Many publishers and booksellers are turning to subscription-based models, offering readers access to a curated selection of books for a monthly fee. This model has been successful in encouraging readers to explore new genres and authors and is particularly popular among younger readers.

Books Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our Global Books Market analysis, the market is driven by several factors such as the increasing number of independent publishers and publishing companies, a growing number of avid readers, and the availability of various distribution channels. Additionally, the popularity of hard copy books and the increasing demand for audiobooks are contributing to the growth of the market. Despite the rising popularity of e-books and digital reading devices, hard copy books are still preferred by many readers. The durability and sensory experience of reading a physical book cannot be replaced by digital alternatives. However, the popularity of audiobooks is on the rise, as they offer convenience and flexibility for those who may not have the time or ability to read a physical book. In terms of distribution channels, local bookshops continue to hold the largest market revenue share, but online channels are expected to register faster growth in the coming years. Online vendors are exploring innovative strategies such as selling second-hand or used books to customers, which has proven to be successful among students and young book lovers. In conclusion, the global market is a dynamic and resilient industry that continues to evolve with changing consumer preferences and technological advancements. With the increasing availability of distribution channels and the growing demand for hard copy books and audiobooks, the market is expected to witness steady growth in the coming years.

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Table Of Content

Executive Summary

Market overview

• Exhibit: Executive Summary – Chart on Market Overview
• Exhibit: Executive Summary – Data Table on Market Overview
• Exhibit: Executive Summary – Chart on Books Market Characteristics
• Exhibit: Executive Summary – Chart on Market by Geography
• Exhibit: Executive Summary – Chart on Market Segmentation
• Exhibit: Executive Summary – Chart on Incremental Growth
• Exhibit: Executive Summary – Data Table on Incremental Growth
• Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market size

• Opportunities
• SWOT Analysis

KEY MARKET INSIGHTS

• (Exhibit: Data Table: Name of technology and details)
• (Exhibit: Data Table: Name of technology and pricing details)
• (Exhibit: Detailed Supply Chain Presentation)
• (Exhibit: Detailed Value Chain Presentation)
• Exhibit: Parent Market Ecosystem Market Analysis
• Exhibit: Market Characteristics of Parent Market
• (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
• (Exhibit: Data Table: Import and Export data details)
• (Exhibit: Data Table: Emerging startups details)
• (Exhibit: Data Table: Mapping of key raw materials)
• (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
• (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
• Macroeconomic Indicators

COVID IMPACT

• Introduction
• Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
• Exhibit: Data Table on Books Market size and forecast 2021-2027 ($ million)
• Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
• Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

• Exhibit: Data Table on regulation from different region
• Exhibit: Competitive rivalry Impact of key factors, 2021
• Exhibit: Threat of Substitute Products Impact of key factors, 2021
• Exhibit: buyers bargaining power Impact of key factors, 2021
• Exhibit: Threat of new entrants Impact of key factors, 2021
• Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
• Political Impact
• Economic impact
• Social Impact
• Technical Impact
• Environmental Impact
• Legal Impact

Market Size by Region

• Chart on Market share by geography 2021-2027 (%)
• Data Table on Market share by geography 2021-2027(%)
• Chart on Market share by country 2021-2027 (%)
• Data Table on Market share by country 2021-2027(%)
• Exhibit: Chart on Market share 2021-2027 (%)
• Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

• Exhibit: companies covered in the report, 2021
• Exhibit: company positioning matrix, 2021
• Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Books Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Books Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Books Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Books Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

Books Market Report Snapshots

• Books Companies
• Books Market Size
• Books Market Analysis
• Books Geographic Analysis
• Books Market News

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

What is the market size of Books Market?

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Used Book Stores in the US - Market Research Report (2014-2029)

Past 5-Year Growth

Used book stores in the us industry analysis.

Used book stores have had to endure stiff competitive pressure. Consumers have gone digital, replacing physical books with smartphones, where streaming services and social media have become the norm. The largest threat to used book stores has been Amazon. The largest bookseller in the world, Amazon has strengthened its hold of the book market through low prices and convenience, transforming the competitive landscape. In recent years, social trends have caused a resurgence in the popularity of physical books. Revenue growth has been spurred by young consumers purchasing the latest trendy title. Overall, revenue is expected to drop at a CAGR of 1.7% to $114.9 million through the end of 2024, despite growth of 2.9% in 2024.

Trends and Insights

Performance improved following the pandemic. Strong, local support and renewed interest in reading created a resurgence in spending on used books

• Textbooks are the most popular products at used book stores. Textbooks are often one of the greatest expenses for students, so being able to buy them used at a discount is very popular.
• The distribution of used book stores in the US closely follows population patterns. Used book stores tend to locate near sizeable populations to ensure a steady stream of customers. This is less of a priority with the rise of online shopping.

Everything you need in one report

• Reliable market estimates from 2014-2029
• Competitive analysis, industry segmentation, financial benchmarks
• Powerful SWOT, Porter’s Five Forces and risk management frameworks
• Online membership platform with PDF, Word, Excel and PPT exports

Industry Overview

Table of contents, methodology, market size and recent performance (2014-2029).

Industry revenue has declined at a CAGR of 2.0 % over the past five years, to reach an estimated $114.9m in 2024.

Stores will continue to rely on establishing a niche

• Used book stores are retail stores that sell pre-owned and antique books. Stores in this industry may specialize in particular types of used books that have different markets and operating conditions.
• Additional trends and insights available with purchase

Industry outlook (2024-2029)

Market size is projected to decline over the next five years.

Competitive pressures continue to rise

• Moving forward, used book stores will continue to struggle with little relief in sight. Competition from e-commerce giants like Amazon.com Inc. will continue to threaten used book stores across the country.

Biggest companies in the Used Book Stores in the US

There are no companies that hold a large enough market share in the Used Book Stores in the US industry for IBISWorld to include in this product.

Products & Services Segmentation

Used Book Stores in the US

Products & Services

Industry revenue is measured across several distinct product and services lines, including Used trade books, Used textbooks and Rare and antique books. Used trade books is the largest segment of the Used Book Stores in the US.

Used trade books are a cornerstone of the industry

• This segment includes children's, young adult and fiction and nonfiction books that are used. These books are the second-most popular item sold. Diversification among trade books makes them appealing to many young and old readers.
• More insights available in the full report

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Purchase a membership to access this industry and so much more.

Widen you competitive advantage with related industries

Competitors.

• Used Goods Stores in the US
• Movie & Video Production in the US

Complementors

• Book Stores in the US

International industries

• Global Book Publishing
• Book Stores in Canada
• Self-Service Retailers in Mexico

View all industries in United States

About this industry

Industry definition.

This industry includes establishments that retail used books in traditional brick-and-mortar stores. This industry does not include online sales of used books.

What's included in this industry?

Purchase this report to view all major companies in this industry.

Related Terms

Industry code.

NAICS 453310 - Used Book Stores in the US

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

In this chapter (4).

• Current Performance

Key metrics

• Annual Revenue, Recent Growth, Forecast, Revenue Volatility
• Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
• Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
• Total Profit, Profit Margin, Profit per Business
• Revenue, including historical (2014-2023) and forecast (2024-2029)
• Employees, including historical (2014-2023) and forecast (2024-2029)
• Businesses, including historical (2014-2023) and forecast (2024-2029)
• Profit, including historical (2014-2024)
• Industry Volatility vs. Revenue Growth
• Industry Life Cycle

Detailed analysis

• Trends in supply, demand and current events that are driving current industry performance
• Expected trends, economic factors and ongoing events that drive the industry's outlook
• Factors that influence volatility in the industry
• Key success factors for businesses to overcome volatility

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Textbooks are the most popular products at used book stores. Textbooks are often one of the greatest expenses for students, so being able to buy them used at a discount is ve...

In this chapter

• Products & Services
• Major Markets
• Largest market segment and value in 2024
• Product innovation level
• Products & services segmentation in 2024
• Major market segmentation in 2024
• Trends impacting the recent performance of the industry's various segments
• Innovations in the industry's product or service offering, specialization or delivery method
• Key factors that successful businesses consider in their offerings
• Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Purchase this report to unlock analyst insights.

In this chapter (1)

• Business Locations
• Share of revenue, establishment, wages and employment in each state
• Share of population compared to establishments in each region in 2024
• Number and share of establishments in each state in 2024
• Number and share of revenue each state accounts for in 2024
• Number and share of wages each state accounts for in 2024
• Number and share of employees in each state in 2024
• Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

The distribution of used book stores in the US closely follows population patterns. Used book stores tend to locate near sizeable populations to ensure a steady stream of cus...

• Concentration
• Barriers to Entry
• Substitutes
• Buyer & Supplier Analysis
• Industry concentration level
• Industry competition level and trend
• Barriers to entry level and trend
• Substitutes level and trend
• Buyer power level and trend
• Supplier power level and trend
• Market share concentration among the top 4 suppliers from 2019-2024
• Supply chain including upstream supplying industries and downstream buying industries, flow chart

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

With more used books being sold online, retailers must adopt data and privacy laws. Used book stores must follow regulations outlining how they can collect, store and use cus...

• External Drivers
• Regulation & Policy
• Regulation & policy level and trend
• Assistance level and trend
• Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Stiff competition has eroded profitability. Recent growth in book sales hasn’t been enough to recover losses stemming from price competition and the popularity of e-readers i...

• Cost Structure
• Financial Ratios
• Profit margin, and how it compares to the sector-wide margin
• Average wages, and how it compares to the sector-wide average wage
• Largest cost component as a percentage of revenue
• Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
• Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
• Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
• Investment vs. share of economy

Data tables

• Industry Multiples (2017-2022)
• Industry Tax Structure (2017-2022)
• Income Statement (2017-2022)
• Balance Sheet (2017-2022)
• Liquidity Ratios (2017-2022)
• Coverage Ratios (2017-2022)
• Leverage Ratios  (2017-2022)
• Operating Ratios (2017-2022)
• Cash Flow & Debt Service Ratios (2014-2029)
• Revenue per Employee (2014-2029)
• Revenue per Enterprise (2014-2029)
• Employees per Establishment (2014-2029)
• Employees per Enterprise (2014-2029)
• Average Wage (2014-2029)
• Wages/Revenue (2014-2029)
• Establishments per Enterprise (2014-2029)
• IVA/Revenue (2014-2029)
• Imports/Demand (2014-2029)
• Exports/Revenue (2014-2029)
• Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry data, data tables.

Including values and annual change:

• Revenue (2014-2029)
• IVA (2014-2029)
• Establishments (2014-2029)
• Enterprises (2014-2029)
• Employment (2014-2029)
• Exports (2014-2029)
• Imports (2014-2029)
• Wages (2014-2029)

How are IBISWorld reports created?

IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in the US include: 

• US Census Bureau
• US Bureau of Labor Statistics
• US International Trade Commission

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

• Industry and trade associations
• Industry federations or regulators
• Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

Learn more about our methodology and data sourcing on the Help Center .

Frequently Asked Questions

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Used Book Stores in the US industry in United States in 2024?

The market size of the Used Book Stores in the US industry in United States is $114.9m in 2024.

How many businesses are there in the Used Book Stores in the US industry in 2024?

There are 1,793 businesses in the Used Book Stores in the US industry in United States, which has declined at a CAGR of 4.2 % between 2019 and 2024.

Has the Used Book Stores in the US industry in United States grown or declined over the past 5 years?

The market size of the Used Book Stores in the US industry in United States has been declining at a CAGR of 2.0 % between 2019 and 2024.

What is the forecast growth of the Used Book Stores in the US industry in United States over the next 5 years?

Over the next five years, the Used Book Stores in the US industry in United States is expected to decline.

What does the Used Book Stores in the US in United States include?

Selling used books and Buying used books are part of the Used Book Stores in the US industry.

How competitive is the Used Book Stores in the US industry in United States?

The level of competition is moderate and decreasing in the Used Book Stores in the US industry in United States.

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Report Description

Report analysis, table of content, methodology.

• ICT, Semiconductor & Electronics
• High Tech, Enterprise & Consumer IT
• Online Books Market Report | Global Forecast From 2023 To 2032

Global Online Books Market

Segments - by Type (Ebook Reader, Smart Phone, Tablet, PC, Other), By Application (Hardware App, Online Store, M-Commerce, Subscription Services, Library), By Genre (Fiction, Non-Fiction, Education, Comics, Others), By Target Audience (Children, Youth, Adults, Scholars, Professionals), By Language (English, Spanish, Chinese, French, German, Others), And By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa), Forecast From 2023 To 2032

• ICT-SE-79943

Raksha Sharma

Fact-checked by:

Amulya Agarwal

Shruti Bhat

Market Overview:

The global online books market is projected to grow at a CAGR of 9.5% during the forecast period from 2022 to 2030. The growth in this market can be attributed to the increasing demand for e-books and the rising adoption of smartphones and other devices for reading books. In terms of type, the global online books market is segmented into Ebook Readers, smartphones, and other devices. The ebook reader segment is projected to account for the largest share of the global online books market in 2020. 

Product Definition:

An online book is a book that can be read or downloaded from the internet. The importance of online books is that they are convenient and easy to access, and they can be read on a variety of devices. These books can be free, or they can be purchased for a fee. Online books are also a great way to find out-of-print and rare books that may not be available in physical bookstores. And, with the help of search engines, they are easy to find and read. They also provide a great way to share knowledge with friends and family.

Ebook Reader:

An E-Book reader is a tool that is used for reading digital books. Some of the common types of e-book readers are tablets, smartphones, and personal computers. They typically use e-book formats, such as EPUB or PDF, to allow users to read books on the device. They also have features such as text-to-speech, page-turning, and bookmarking. Additionally, many e-book readers have additional features such as access to a library of e-books, the ability to search within the book, and the ability to sync with other devices.

Smart Phone:

Smartphones are increasingly being used to read online books. They provide a convenient way to read books anywhere and at any time, as well as giving readers access to a huge selection of titles. With a smartphone, readers can purchase books from online stores, download them directly to their devices, and read them on the go. Smartphones also have features such as adjustable text size, night mode, and sharing features which make reading easier and more enjoyable.

Application Insights:

Hardware application was the largest segment in the global online books market, accounting for more than 60.0% share of the overall revenue in 2015. The growth of this segment can be attributed to the increasing use of e-readers and tablets that run on operating systems such as Android and iOS. Moreover, rising demand for e-books among readers aged below 25 years is also projected to have a positive impact on industry growth over the forecast period.

Regional Analysis:

Asia Pacific is projected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing online book sales in countries such as China, India, and Japan. In addition, a large number of e-book readers are being sold in these countries owing to their low prices and wide availability. North America is also projected to witness considerable growth over the next few years owing to increased spending on electronic books in the U.S. The Middle East & Africa region accounted for 7% of the global revenue share in 2015 due to its growing population base.

Growth Factors:

• Increasing demand for e-books owing to convenience and easy access.
• The proliferation of smartphones and tablets that support reading e-books.
• Rising trend of self-publishing among authors.
• The growing popularity of audiobooks.
• The emergence of new technologies such as augmented reality that offer an enhanced reading experience, etc.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Online Books Market Report Segments:

The market is segmented by Type (Ebook Reader, Smart Phone, Tablet, PC, Other), by Application (Hardware App, Online Store, M-Commerce, Subscription Services, Library), by Genre (Fiction, Non-Fiction, Education, Comics, Others), by Target Audience (Children, Youth, Adults, Scholars, Professionals), by Language (English, Spanish, Chinese, French, German, Others).

Some of the companies that are profiled in this report are:

• McGraw Hill
• Beacon Press
• Adobe Press
• John Wiley & Sons
• Penguin Group
• Blackwell Science
• Random House
• Bertelsmann
• IReader Technology

Online Books Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Online Books Market

Overview of the regional outlook of the Online Books Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Online Books Market Report:

• The market structure and projections for the coming years.
• Drivers, restraints, opportunities, and current trends of Online Books Market.
• Historical data and forecast.
• Estimations for the forecast period 2032.
• Developments and trends in the market.
• Ebook Reader
• Smart Phone
• By Application:
• Hardware App
• Online Store
• Subscription Services
• Non-Fiction
• By Target Audience:
• Professionals
• By Language:
• Market scenario by region, sub-region, and country.
• Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
• Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
• Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Online Books Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2032.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Online Books Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.

The online books market has been segmented on the basis of

Application

Target audience.

• Asia Pacific
• North America
• Latin America
• Middle East & Africa

Key Players

Online books market.

PESTEL Analysis for Online Books Market

Political factors.

Political factors could affect the online books market in various ways. Government regulations, trade restrictions, and political stability are some of the factors that could influence the online books industry. For example, if the government imposes strict regulations on online book retailers, it could make it difficult for them to operate in the industry. Additionally, trade restrictions imposed by the government could limit the availability of certain books.

Economic Factors

Economic factors also play an important role in the online books market. This includes factors such as inflation, exchange rates, and interest rates. If the economy is unstable, it could have a negative impact on the online books market, as people may not have enough disposable income to purchase books. Furthermore, the cost of production and distribution of books could also be affected by economic factors.

Social Factors

Social factors can also influence the online books market. This includes factors such as the level of education, reading habits, and the general attitudes of people towards books. If the level of education is low, it could lead to fewer people reading books online. Similarly, if reading habits are not encouraged, it could limit the demand for online books.

Technological Factors

Technological factors are also very important in the online books market. This includes factors such as the availability of internet connections, the development of e-readers, and the emergence of digital publishing platforms. All of these could have a positive impact on the online books market, as they make it easier and more convenient for people to purchase books online.

Environmental Factors

Environmental factors could also affect the online books market. This includes factors such as recycling initiatives, the availability of renewable resources, and the general attitude towards sustainability. If people are more aware of environmental issues, they may be more likely to purchase books that have been printed on recycled paper.

Legal Factors

Legal factors can also affect the online books market. This includes copyright laws, intellectual property rights, and censorship regulations. All of these could have an impact on the availability of certain books, as well as the pricing of books. Furthermore, censorship regulations could limit the content of certain books.

Porter's Five Forces Analysis for Online Books Market

Threat of new entrants.

The threat of new entrants in the online books market is low. This is mainly due to the high capital requirements needed to enter the market. Established players like Amazon, Barnes & Noble and other online bookstores have built up significant brand recognition and have already established a loyal customer base. Additionally, new entrants would need to invest heavily in marketing and advertising in order to compete with the established players.

Threat of Substitutes

The threat of substitutes in the online books market is moderate. While physical books are still popular, there are alternatives such as ebooks and audiobooks which provide an alternative to traditional books. Additionally, there are other types of entertainment such as movies, tv shows and video games which could divert potential customers away from books.

Bargaining Power of Suppliers

The bargaining power of suppliers in the online books market is low. This is due to the fact that there are many suppliers of books and the market is highly competitive. Additionally, the sheer size of the online bookselling market makes it difficult for suppliers to influence prices.

Bargaining Power of Buyers

The bargaining power of buyers in the online books market is high. This is due to the fact that there are a large number of buyers and the market is highly competitive. Additionally, buyers have access to a wide range of alternatives which gives them more bargaining power.

Competitive Rivalry

The competitive rivalry in the online books market is high. This is due to the fact that there are many players in the market, all competing for the same customers. Additionally, the market is highly competitive and prices are constantly being pushed down in order to gain a competitive edge.

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Research design, data collection, data analysis, limitations.

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• Bookstore Software Market Analysis

BOOKSTORE SOFTWARE MARKET ANALYSIS

Bookstore software market, by based on deployment (cloud-based software and on-premises software), by based on functionality (point-of-sale (pos) software, e-commerce software, and inventory management software), by based on features (customer relationship management (crm) software, analytics and reporting software, and marketing and promotions software), by based on book formats (print book software and e-book software), by based on integration (integrated software suites and standalone software), by based on store size (small and independent bookstores and large chain bookstores), by based on geographic presence (localized software and global software), by geography (north america, latin america, europe, asia pacific, middle east & africa).

• Published In : Dec 2023
• Code : CMI6185
• Pages : 160
• Formats :   Excel and PDF
• Industry : Information and Communication Technology

The Bookstore Software Market size is estimated to be valued at US$ 2 Bn in 2023 and is expected to reach US$ 4.20 Bn by 2030 , exhibited a compound annual growth rate (CAGR) of 11.2% from 2023 to 2030.

Bookstore software is like a helpful tool that makes running a bookstore, whether it's a physical store or an online one, much easier. This software does a bunch of important jobs like keeping track of the books you have, helping with sales, managing customers, and even connecting your store to the internet for online shopping. Store owners use this tool to handle their inventory, understand what books are selling well, talk to customers, and make sure the shopping experience is smooth. As more people buy books online, this software also lets bookstores sell their books on the internet, reaching more customers. As the way people buy and read books changes, the software keeps getting better to help bookstores adapt and stay special for their customers.

In the bookstore software market, a diverse range of solutions are available to cater to various types and sizes of bookstores. These solutions may include point-of-sale (POS) systems, inventory management, order processing, customer relationship management (CRM), e-commerce platforms, and reporting analytics. Integration of these features enhances operational efficiency, reduces manual tasks, and allows bookstore owners to make data-driven decisions. As bookstores face competition from online retailers and digital reading platforms, bookstore software enables them to offer personalized recommendations, loyalty programs, and targeted marketing efforts, thereby fostering customer loyalty and enhancing the overall bookstore experience.

Bookstore Software Market Regional Insights

• North America : North America is the biggest market for bookstore software, holding a 31% share in 2023. This is because the region has a strong presence in the book retail business and is technologically advanced. In the U.S. and Canada, there's a mix of traditional physical bookstores and successful online sellers. As people increasingly buy books online and read digitally, there's a growing demand for bookstore software that can handle online sales, manage inventory across different platforms, and provide personalized experiences for customers. North America's focus on using data analysis and engaging customers is pushing the adoption of software that improves bookstore operations and makes the customer experience better.
• Europe: Europe is the second largest market for bookstore software, with a market share of 24% in Europe's bookstore software market is influenced by the diverse publishing landscapes across countries, languages, and reading preferences. As many European countries have a strong tradition of literature and book consumption, bookstores play a significant cultural role. Bookstore software solutions cater to both established book retailers and smaller, niche stores. Adoption of e-commerce capabilities and digital catalogs enables bookstores to engage with a wider audience and adapt to changing consumption patterns. Regulatory factors that are related to data protection and online sales influence software choices, drives the demand for solutions that ensure compliance and secure customer interactions.
• Asia Pacific: Asia Pacific is the fastest-growing market for bookstore software, with a market share of 21% in 2023. The Asia Pacific region showcases a mix of mature book markets and emerging economies with growing reading cultures. Countries like Japan, South Korea, and China have well-established book industries and are increasingly incorporating technology into their Bookstore software in this region focuses on enhancing customer experiences, thereby offering online purchasing options and managing diverse inventories. As e-commerce gains momentum, software solutions that enable efficient online sales, manage digital rights, and optimize supply chain operations become critical. Language diversity and preferences for regional literature also impact software customization and content management.

Figure 1. Bookstore Software Market Share (%), By Region, 2023

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Analyst Viewpoint:

The bookstore software market has strong growth potential over the next five years. Major drivers for growth include the increasing adoption of digital technologies by bookstores to enhance shopping experiences and manage inventory more efficiently. Further, the rising popularity of online book shopping is compelling traditional brick-and-mortar bookstores to implement software to facilitate hybrid shopping models. A key opportunity lies in bookstores integrating their software with platforms like e-commerce marketplaces and social media to boost online discovery and sales.

Bookstore Software Market Drivers:

• Technological advancements : The proliferation of technology has reshaped consumer behaviors and expectations, prompting bookstores to embrace digital tools. Bookstore software offers solutions for managing inventory, sales, and customer engagement, thus enabling bookstores to stay competitive and relevant in an era of online shopping and e-books. For instance, according to the report published by the India's Ministry of Statistics and Programme Implementation, in November 2021, based on the 75th round of National Sample Survey, the organized retail sector in the country has witnessed a steady growth over the years and is expected to contribute over 10% of India's gross domestic product (GDP) and generate employment for over 40 million people by 2024.
• Customer engagement: Bookstore software facilitates personalized interactions with customers. By analyzing purchasing patterns and preferences, bookstores can offer tailored recommendations and promotions, thus enhancing customer loyalty. Engaging features such as loyalty programs, digital book clubs, and targeted marketing campaigns are made possible through software solutions. For instance, according to the data provided by the United Nations Educational, Scientific and Cultural Organization (UNESCO), the percentage of people purchasing books online grew from 35% in 2019 to over 45% in 2022 especially among younger demographics. This uphill shift towards e-commerce suited bookstores to strengthen their digital presence and customer touch points.

Bookstore Software Market Report Coverage

Bookstore Software Market Opportunities:

• Personalized recommendations: Bookstore software can leverage data analytics to offer personalized book recommendations that are based on customer preferences, purchase history, and browsing behavior. Developing advanced algorithms that understand reader tastes and suggest relevant titles can enhance customer engagement and drive sales. For instance, according to the United Nations (UN) Educational, Scientific and Cultural Organization (UNESCO), in 2022, nearly two-thirds of countries surveyed reported an increase in book sales as compared to pre-pandemic levels as more people turned to reading during periods of isolation.
• Integration with publishing industry: Collaboration between bookstore software providers and publishers can create opportunities for seamless integration of book catalogs, release schedules, and promotional campaigns. This can enable real-time updates on new releases, author events, and book-related news, thereby enhancing the bookstore's connection to the publishing ecosystem. For instance, according to data by the U.S. Census Bureau, in 2021, about 15% of American publishers integrated their catalogues with bookstore software. This integration allows bookstores to access publishers' real-time data of new releases, bestsellers and out of print titles. It empowers bookstores to customize their titles list, organize better book displays, and events based on current

Bookstore Software Market Trends:

• Omni channel retailing : Bookstores are adopting omnichannel strategies to seamlessly connect their physical and digital sales channels. Bookstore software is evolving to support integrated inventory management, pricing consistency, and unified customer experiences across online platforms, mobile apps, and in-store interactions. For instance, according to data by the U.S. Census Bureau, e-commerce sales in the U.S. rose 14.1% in 2020 from the 2019, thereby highlighting growing consumer demand for omni-channel shopping options.
• Data-driven insights : Advanced analytics capabilities integrated into bookstore software are providing valuable insights into customer behavior, preferences, and sales Bookstores are leveraging these insights to make informed decisions about inventory management, marketing strategies, and personalized customer engagement. For instance, according to the report provided by the International non-profit organization Project Gutenberg, ebooks accounted for over 25% of publishing industry revenues in 2021, thereby greatly increasing the need for bookstore owners to digitize.

Bookstore Software Market Restraints:

• Competition from online retailers : The rise of online book retailers and e-commerce giants has intensified competition for traditional bookstores. Bookstore software needs to address the challenge of standing out in a crowded digital marketplace by offering unique value to customers.

Counterbalance: Bookstore software can be used to improve customer service and in-store experience. This includes personalized recommendations, instant inventory checks, and the use of augmented reality to provide additional information about books.

• Resistance to digital transformation: Some traditional bookstores may resist adopting bookstore software due to a reluctance to embrace digital transformation. Overcoming this resistance requires effective change management strategies and demonstrating the benefits of technology adoption.

 Counterbalance: Stakeholders needs to be educated about the benefits of digital transformation by explaining how new technologies can streamline operations, enhance customer experience, and provide a competitive advantage.

Recent Developments

• In March 2023, Lightspeed Retail is a company that provides point-of-sale (POS) and e-commerce solutions for businesses launched a new version of its bookstore software, with new features for inventory management, order processing, and customer service. The new version also includes a mobile app for employees, which allows them to manage inventory and process orders on the go.
• In April 2023, Epos Now is a technology company specializing in providing electronic point of sale (EPOS) systems for businesses. Launched a new bookstore software solution, specifically designed for independent bookstores. The solution includes features for inventory management, order processing, and customer relationship management. Epos Now also offers a free trial of the software for independent bookstores.
• In May 2023, Square is a financial technology company based in San Francisco, California launched a new bookstore software solution, which is designed to help bookstores accept payments, manage inventory, and track sales. The solution also includes a built-in loyalty program, which can help bookstores reward their loyal customers.

Key Strategic Initiatives

• In January 2023, Lightspeed Retail is a company that provides point-of-sale (POS) and e-commerce solutions for businesses acquired Vend, a leading provider of point-of-sale software for independent retailers. The acquisition will allow Lightspeed Retail to expand its reach into the bookstore market.
• In February 2023, Epos Now is a technology company specializing in providing electronic point of sale (EPOS) systems for businesses. partnered with IngramSpark, a leading self-publishing platform. The partnership will allow Epos Now customers to sell their self-published books through their bookstore software.
• In March 2023, Square is a financial technology company based in San Francisco, partnered with Kobo, a leading e-book retailer. The partnership will allow Square customers to sell e-books through their point-of-sale system.

Figure 2. Bookstore Software Market Share (%), By Functionality, 2023

Top Companies in Bookstore Software Market

• Square, Inc.
• Lightspeed POS Inc.
• Basil Bookseller Software
• BookNet Canada
• Booker Software
• Alfa Ebooks Manager
• Bookmanager
• IndieCommerce

Definition: Bookstore software refers to a suite of digital solutions that are designed to streamline and modernize the operations of bookstores, both physical and online. This software encompasses various tools such as point-of-sale systems, inventory management, customer relationship management (CRM), e-commerce integration, and reporting analytics.

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About Author

Suraj Bhanudas Jagtap

Suraj Bhanudas Jagtap is a seasoned Senior Management Consultant with over 7 years of experience. He has served Fortune 500 companies and startups, helping clients with cross broader expansion and market entry access strategies. He has played significant role in offering strategic viewpoints and actionable insights for various client’s projects including demand analysis, and competitive analysis, identifying right channel partner among others.

Bookstore Software Market Report Snapshots

• Bookstore Software Market Size and Trends
• Bookstore Software Companies
• Bookstore Software Market Regional Analysis
• Bookstore Software Market Challenges And Opportunities
• Bookstore Software Market News

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Bookstore Software Market

• Report Code: 6185,
• Published on: Dec 2023,
• Format: PDF

This Report Addresses

• Market size from 2024 to 2031
• Expected market growth until 2031
• Supplier and Demand Analysis
• Detailed analysis on market Drivers, Restraints, and Future Opportunities, and Trends of the industry
• Cross sectional analysis for all the Segments, across regions and 30 countries.
• Competitive landscape comprising of Company Market Share Analysis and Snapshot of Key Players.
• In-depth analysis on financials and sustainability strategies adopted by market players.
• Analyst recommendations

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Bookstore Cafe Market Insight, Size, Share, Growth, Up-To-Date Key Trends, Regional Outlook, and Forecast - 2030

• Code : SMI162979
• Pages : 154
• Date : Oct, 2022
• Category : Consumer Goods and Retail
• Publisher : SMI

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• Report Summary
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The  Bookstore Cafe Market  is set to witness immense growth during the forecast period 2022-2030. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufacturers/players/vendors analysis, segments & sub-segments, and forecast. The report also focuses on market drivers, challenges (current and future), revenue growth, future roadmap, standardization, deployment models, and forecast analysis.

Bookstore Cafe Market Dynamics:

This market study estimates the market size in terms of both value (million USD) and volume (K Units). The Bookstore Cafe Market report analyses market trends based on historical data and the latest developments. It provides both qualitative and quantitative data on the elements that will shape the market's growth from 2022 to 2030. The market capacity and consumption potential of major companies are discussed in this research report. Furthermore, it concentrates on prominent regions ( Latin America, Europe, Asia Pacific, Africa, and the Middle East) . Also, the report evaluates COVID-19's impact on the Bookstore Cafe Market.

Companies profiled in the Bookstore Cafe Market report include:

The report covers extensive competitive intelligence which includes the following data points:

⇨ Business Overview ⇨ Business Model ⇨ Financial Data ⇨ Financial – Existing ⇨ Financial – Funding ⇨ Product/Service Segment Analysis and specification ⇨ Recent Development and Company Strategy Analysis ⇨ SWOT Analysis

Segmentation by Type:

The type segment contributed the largest share to the Bookstore Cafe Market in 2021; this segment is projected to grow at the highest CAGR from 2022 to 2030.

Segmentation by Application:

An end-use industry is projected to grow at the highest CAGR during the forecast period, due to rapid development in emerging economies North America, APAC, MEA, Europe, and ROW.

Key Benefits for Stakeholders:

• The study represents a quantitative analysis of the present Bookstore Cafe Market trends, estimations, and dynamics of the market size from 2022 to 2030 to determine the most promising opportunities.
• Porter's five forces study emphasizes the importance of buyers and suppliers in assisting stakeholders to make profitable business decisions and expand their supplier-buyer network.
• In-depth analysis, as well as market size and segmentation, help you identify current Bookstore Cafe Market opportunities.
• The largest countries in each region are mapped according to their revenue contribution to the market.
• The Bookstore Cafe Market research report gives a thorough analysis of the current status of the Bookstore Cafe Market's major players.

Reasons to Purchase Bookstore Cafe Market Report:

• Both current and future prospects for the Bookstore Cafe Market in developed and emerging markets.
• Analysis of various perspectives of the market with the help of Porter’s five forces analysis.
• During the forecast period, major regions are expected to see the most rapid increase.
• Identify the most recent advancements, Bookstore Cafe Market shares, and top market players' strategies.

Research Methodology:

To estimate and validate the size of the Bookstore Cafe Market and many other dependent submarkets in the overall market, both top-down and bottom-up methodologies are utilized. Key players in the market have been identified through secondary research and their market shares have been determined through primary and secondary research. Secondary sources and verified primary sources were used to determine all percentage share splits and breakdowns.

Table of Contents

• Research Objectives
• Assumptions
• Abbreviations
• Market Definition and Scope
• Market Snippet, By Product Types
• Market Snippet, By Applications
• Market Snippet, By End Users
• Market Snippet, By Regions
• Stratagem Opportunity Map (SOM)
• Market Opportunities
• Impact Analysis
• Industry Trends
• Regulatory Scenario
• Acquisitions, Partnerships & Agreements
• Brand Analysis
• Pricing Analysis
• Epidemiology
• Porter’s Analysis
• Value Chain Analysis
• Supply Chain Analysis
• Distribution Landscape
• COVID-19 Epidemiology
• Overall Impact on this Sector
• Impact of COVID-19 on Supply and Demand
• Market Share Analysis, 2022 and 2030 (%)
• Y-o-Y Growth Analysis, 2019 - 2030
• Segment Trends
• Company Overview
• Product Portfolio
• Financial Performance
• Recent Developments/Updates
• Research Methodology

* Browse 15 Market Data Tables and 32 Figures on “Bookstore Cafe Market  Market ” – Forecast to 2030.

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Does Market Share Still Matter?

• Julian R.K. Wichmann,
• Alexander Edeling,
• Alexander Himme,
• Felix Anton Sklenarz

New research suggests that the metric doesn’t mean what it used to.

Market share has traditionally correlated strongly with profitability because of efficiency, market efficiency, and customer perception effects. But, as the authors demonstrate, the relationship has been changed by the digital transformation in firms. The authors’ research finds that the market-share profitability relationship has become weaker for firms that favor investment in value creation over value appropriation and for firms operating in B2B markets. In both cases, digital helps smaller firms catch up with larger rivals. But digital can also amplify market share effects for large firms focusing digital investments on customer-facing processes and for large firms that create digital platforms.

Market share regularly ranks amongst the most important KPIs for C-suite executives. And for good reason: Larger market share has long been associated with higher profitability . But does this relationship still hold today, given companies’ increasing digitalization? Or have strategies focused on market share growth become outdated?

• JW Julian R.K. Wichmann is an assistant professor of marketing at the University of Cologne in Germany. He researches strategic marketing issues surrounding the influence of digitalization and new technologies on retailing, advertising, and brand-consumer relationships.
• AE Alexander Edeling is an associate professor of Marketing at KU Leuven in Belgium.
• AH Alexander Himme is Associate Professor of Management Accounting at Kühne Logistics University in Germany.
• FS Felix Anton Sklenarz is an associate at McKinsey & Company in Hamburg, Germany.

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From bestselling novels to unpublished manuscripts, what is the secret to literary success?

Social media, celebrity book clubs and the conglomeration of publishing houses all make publishing tricky to navigate for writers old and new.

You might think releasing 20 books — including four American Girl books — carries some weight in the publishing world. Yet, Kathryn Reiss still has four books, including a thriller for adults, in her repertoire that remain unpublished.

Reiss, an associate teaching professor in creative writing at Northeastern University’s Oakland campus , has made her name writing suspense novels for kids and teens; she published her first novel, “Time Windows,” in 1991 after writing it while on a Fulbright Scholarship in Germany. But she’s bumped up against a wall when trying to branch outside her niche.

“(Publishers) have to think they can market it,” Reiss said. “So if I want to do an adult book, or if I want to do some literary fiction that’s not a typical Kathryn Reiss suspense novel … they go ‘Well, how will we market that?’ You almost get stuck.”

Creative writing is an art, but writers face the same problem many artists do: how they can create something they like that people will also want to buy. Like any other business, book publishers want to sell a good product that they can easily market, Reiss said. But this makes it hard for writers to break out of their shell, if they can even break into the industry at all.

“For a new writer, you have to prove to them you have a very marketable book,” Reiss said. “What people don’t understand is once you’ve had a book published, it doesn’t mean you’re a shoo-in for your next book. It means your publisher will look at your next book. 

“You have a one-up on someone who hasn’t published anything, but it isn’t a given. They have to think they can market it. … Publishers are really about making money. They care about their readers, but they want to sell books at the end of the day. That’s what they’re in the business to do.”

Lesser-known authors have a hard time

Public figures like Prince Harry will automatically generate intrigue and sales when they write something. Popular authors like Colleen Hoover and Emily Henry are also guaranteed hitmakers. 

But debut or lesser-known authors find they have a harder time. In 2021, there were only 15 novels by debut authors on the New York Times’ list of best-selling hardcover fiction books . Of these, 10 were celebrity authors or were part of a celebrity book club and benefited from the endorsement.

The evolution of publishing has created this scenario. In his recent book, “Big Fiction,” Dan Sinykin explores how publishing has changed since the 1960s when book publishers began conglomerating and becoming more corporate. The publishers of mass market books were acquired and larger publishers took over, focusing on sales over everything else. This led to the creation of “best-selling” authors who could churn out hit after hit.

Book production increased in the 2000s when publishing shifted from manual to digital production, added Juliana Spahr , an English professor at Northeastern’s Oakland campus. Making a book became a faster and cheaper endeavor and publishing houses went from publishing a few thousand fiction titles a year to churning out tens of thousands.

Publishing more books increases the odds

Both small and large presses alike started publishing more books to increase their odds of producing a commercial hit that would offset the costs of their other works, Spahr said. At the same time, major New York publishing companies continued to gobble up smaller presses. “The Big Five” remaining companies now have a stranglehold on the publishing world.

“They’ve had control for many years over major media things like the New York Times Book Review,” Spahr said. “It’s a very different landscape. … Publishing has always been hit or miss. Nobody knows what’s going to hit. So for larger publishers, it often made sense for them to publish more titles hoping that one of them will subsidize the costs of the other titles and a bestseller. There’s no more first books. It’s really hard.”

It also makes it harder for new titles to stand out.

“The internet is a wonderful thing,” Reiss said. “But it means there’s just so much out there all the time. You can’t keep up with new books. It’s not just the 10 big publishers with their 20 new books. So much is just coming out all the time.” 

There’s also the pressure to follow publishing trends. Spahr said certain topics and genres like vampire novels or romantasy (romance-fantasy) or books dealing with race have become popular at certain times and it can be hard for writers who work outside those trends.

‘I was as edgy as Jello’

Tanita Davis , who earned a master of fine arts from Northeastern’s Oakland campus and studied under Reiss, had published several books when she had a breakout hit with “Mare’s War,” a young adult historical fiction novel about two girls who find out their eccentric grandmother was in the African American battalion of the Women’s Army Corps during World War II. “Mare’s War” won Davis the Coretta Scott King Award and a nomination for the NAACP Image Award. 

But Davis found her editor had a different vision for her work going forward, wanting her to write something along the lines of “The Hate U Give,” Angie Thomas’ best-selling young adult novel about a young Black girl who sees her friend killed by a police officer.

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“My editor at the time kept saying ‘We want you to be an edgy writer,’” said Davis, who is Black. “I was as edgy as Jello. I felt like a lot of what people were looking for was a certain type of Black character. Part of being a writer for me was wanting to express my own thoughts. Not everybody has the same experiences or can write believably about the things and there are myriad experiences of Blackness in America, (just like) there’s nearly a myriad of experiences being an American.”

Davis ended up leaving that editor and finding another who lets her write in a way that she says is more true to herself. Her recent work has been middle grade novels, with her latest, “The Science of Friendship,” coming out this month.

Davis said many agents and editors look for “comp titles.” These are other books (or other types of media) that are similar to the one being pitched; the idea is to give editors and agents an idea of how to market a new work and whether there’s a demand for it.

“The regrettable part of publishing is that it’s always looking for something that is echoing something else,” Davis said. “It’s always the next thing, and similarities are what sells and so people always say when you write your pitches, you want to say something that is like ‘Mean Girls’ meets ‘The Devil Wears Prada.’ Publishing always reacts better if they look at it and say, ‘OK, that was a really high-grossing movie, so I will feel comfortable looking over this project.’” 

How to break outside existing molds

This makes it difficult, though not impossible, for writers to pitch works that break outside existing molds. Reiss’ daughter, Isabel Strychacz , followed in her mother’s footsteps and turned her thesis from her undergraduate from her time at Northeastern’s Oakland campus into her debut novel, “Starling,”   a young adult novel with fantasy, sci-fi and romance elements woven together. Her second novel, “House of Thorns ,” which is advertised as being “in the vein of The Haunting of Hill House” comes out this month.

But Strychacz’s experience selling her books is different from her mother’s first brushes with publishings. When Reiss published her first book in 1991, marketing was done by the publishing house and writers weren’t expected to get involved, she said. Instead, publishers would put out lists of their new titles each season. Authors would have events and signings. There’d be interviews and reviews in the local paper or on TV.

Strychacz said there’s now an understanding that writers will promote their work on social media, creating a “brand” through their posts.

“It’s almost not even mentioned because they’re just expecting that you will,” she said. “You can do as much as you want … but it’s definitely something I’ve had to think about. The reality of the industry is that like everyone wants their book to do well, so that they get another book deal and just the reality is that to do that, you almost have to be on social media to some degree and it always helps to be active in marketing your books.” 

Agent system isn’t as powerful

TikTok especially has been noted for its effects on book sales. Colleen Hoover’s novel “It Ends with Us” became a New York Times bestseller and made her a household name years after it came out, thanks to users promoting it on TikTok.

In addition to facing fewer publishing options, there’s also fewer direct paths to getting published, Spahr added. People who wanted to write literary fiction would get a master of fine arts degree and their program adviser would connect them with their literary agent who would place the student’s work at a publishing house. 

Now, Spahr said, the agent system isn’t as powerful and there are many writers competing for a few representatives working the market. Over the years, Reiss has taught noted writers like Nina Lacour and Aiden Thomas. But she’s struggled to place anyone she’s taught with her agent.

“Whenever I speak at conferences, people always have this question of ‘How did you break into publishing?’ That’s what everybody who wants to be a writer wants to know, as if that will be the magic key for them,” Reiss said. “Living in Germany, writing a book because I had nothing else to read, that’s not the way you’re going to break into writing. There isn’t one way.”

Erin Kayata is a Northeastern Global News reporter. Email her at [email protected] . Follow her on X/Twitter @erin_kayata .

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Oil Market Report - August 2024

About this report

The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries.

• Global oil demand increased by 870 kb/d in 2Q24, with a contraction in China limiting gains. Demand is set to rise by less than 1 mb/d in both 2024 and 2025. This is largely unchanged from last month’s Report and far slower than last year’s 2.1 mb/d growth as comparatively lacklustre macroeconomic drivers come to the fore.
• World supply rose 230 kb/d to 103.4 mb/d in July as a substantial OPEC+ increase more than offset losses from non-OPEC+. Annual gains accelerate from 730 kb/d in 2024 to 1.9 mb/d in 2025. Non-OPEC+ production increases by 1.5 mb/d this year and next, while OPEC+ may fall by 760 kb/d in 2024 but rise by 400 kb/d in 2025 if voluntary cuts stay in place.
• Global refinery throughputs are forecast to increase by 840 kb/d to 83.3 mb/d in 2024, and by 600 kb/d to 83.9 mb/d next year. Margin weakness continues to weigh on processing rates, with Chinese runs now expected to decline y-o-y. Margins fell further in July in Europe, but rose in Singapore and on the US Gulf Coast, led by stronger naphtha and gasoline cracks.
• Global observed oil inventories fell by 26.2 mb in June, following four months of builds totalling 157.5 mb. OECD onshore stocks declined by 19.5 mb but were mostly offset by a 17.5 mb increase in non-OECD countries. Oil on water declined for a third consecutive month, by 24.2 mb. OECD Industry inventories were down by 21 mb, largely in line with the seasonal norm.
• Brent crude futures tumbled by $6/bbl during July, as a string of weak macro-economic data prompted a broad risk-off sentiment across financial markets, outweighing escalating hostilities in the Middle East. Front-month time spreads remained resilient in the face of falling flat prices, reflecting a tight Atlantic Basin market. At the time of writing, Brent was trading at around $80/bbl.

Market gymnastics

Oil markets exhibited Olympic levels of volatility over recent weeks. Benchmark crude oil prices tumbled sharply lower in July and early August as unexpected economic data threw the market off balance. Questions over the health of the global economy re-emerged as Japan increased interest rates sparking a reversal in yen carry trades, China’s outlook deteriorated and US hiring slowed in July. But persistent geopolitical tensions in the Middle East and some relatively positive macroeconomic data backstopped weakness in oil futures, with prices rebounding higher in the second week of August. Moreover, OPEC+ cuts are also tightening physical markets, lifting North Sea Dated to a $2/bbl premium against the front-month ICE contract. At the time of writing, ICE Brent futures traded at around $80/bbl, down by more than $6/bbl since the start of July.

Our outlook for global oil demand is largely unchanged from last month’s Report, with growth projected at slightly less than 1 mb/d in both 2024 and 2025. However, a meaningful shift in drivers is becoming apparent. In June, Chinese oil demand contracted for a third consecutive month, driven by a slump in industrial inputs, including for the petrochemical sector. Preliminary trade data point to further weakness in July, as crude oil imports sank to their lowest level since the stringent lockdowns of September 2022. By contrast, demand in advanced economies, especially for US gasoline, has shown signs of strength in recent months. The US economy, where one-third of global gasoline is consumed, has outperformed peers, with a resilient service sector buttressing miles driven. As a result, OECD oil consumption flipped from a 300 kb/d annual contraction in 1Q24 to growth of 190 kb/d in the second quarter.

Despite the marked slowdown in Chinese oil demand growth, OPEC+ has yet to call time on its plan to gradually unwind voluntary production cuts starting in the fourth quarter. Its Joint Ministerial Monitoring Committee (JMMC) reiterated on 1 August, however, that the group could pause or reverse its decision depending on prevailing market conditions. Our current balances suggest that even if those cuts remain in place, global inventories could build by an average 860 kb/d next year as non-OPEC+ supply increases of around 1.5 mb/d in 2024 and again in 2025 more than cover expected demand growth. The Americas quartet of the United States, Guyana, Canada and Brazil account for three-quarters, or roughly 1.1 mb/d, of non-OPEC+ supply gains in each of the two years.

For now, supply is struggling to keep pace with peak summer demand, tipping the market into a deficit. As a result, global inventories have taken a hit. After four months of gains, June saw oil inventories fall by 26.2 mb. Crude oil stocks dropped by 40.9 mb, even as China built substantially. Meanwhile, oil products rose by 14.8 mb, supported by large builds in US LPG. Preliminary July data suggest this trend continued, with total stocks declining once again as crude inventories lost further ground while oil products made gains. This dynamic is squeezing refinery margins, potentially setting the stage for an upset and shift in refinery activity in the coming months. Competition in the oil markets will continue even after the Olympic and Paralympic

OPEC+ crude oil production 1 million barrels per day

1. Includes extra voluntary curbs where announced. 2. Capacity levels can be reached within 90 days and sustained for an extended period. 3. Excludes shut in Iranian, Russian crude. 4. Angola left OPEC effective 1 Jan 2024. 5. Iran, Libya, Venezuela exempt from cuts. 6. Mexico excluded from OPEC+ compliance. 7. Bahrain, Brunei, Malaysia, Sudan and South Sudan.

Oil Market Report Documentation

Definitions of key terms used in the OMR.

For more info on the methodology, download the PDF below.

• Explore the glossary circle-arrow
• Download the methodology PDF circle-arrow

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Cite report

IEA (2024), Oil Market Report - August 2024 , IEA, Paris https://www.iea.org/reports/oil-market-report-august-2024

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