Books Market Will Reach US$ 259.3 Bn by 2030

SHARE THIS ARTICLE

The global Books market size is expected to be worth around US$ 259.3 billion by 2030, according to a new report by Vision Research Reports.

The global Books market size was valued at US$ 142.1 billion in 2020 and is anticipated to grow at a CAGR of 5.4% during forecast period 2021 to 2030.

Get Sample Copy of This Report (Including TOC, List of Tables & Figures, and Chart)@ https://www.visionresearchreports.com/report/sample/38483

Books Market (By Type: Science, Historical, Mystery, Fantasy, Literary, Contemporary/Realistic, Romance, Educational, Comic, Others (Classic, Biographies); By Distribution Channel: Online, Local Book Shops, Retail Shops, Specialty Stores; By Format: Hard Copy, E-Book, Audiobooks) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Growth Factors

Increasing consumer spending on books supported by rising incomes and interest, as well as continued innovations in the format that have enhanced the overall reading experience, are among the key factors boosting the market.

The market has undergone significant changes over the last decade and has been heading in newer directions. The evolution of the commissioning process, backed by a generation of smart editors. The three major areas involved in commissioning books-marketing, publicity, and sales and distribution-have all been evolving in ways that can profit the market.

Technological innovations in the industry, with the advent of audio- and video-based e-books, are attracting consumers across regions. Easy accessibility of paperback copies for differently-abled and non-English speaking groups are some of the key factors driving the market growth. 

Report Highlights

The mystery books segment dominated the market for books and accounted for the largest revenue share of 26.7% in 2020. The dominance of this segment can be attributed to the trend that crime/mystery and thriller is one of the most liked fiction book categories worldwide, as readers are flocking to buy books in this genre.

The local book shops segment dominated the market for books and accounted for the largest revenue share of 50.3% in 2020. Retail shops offer a variety of consumer utility goods. Books are usually sold at these stores to promote a new book or a new publishing brand.  Whereas, the online segment generated revenue of USD 46.9 billion and by 2028 is estimated to be valued at 46.9 billion. Amazon set foot in the e-commerce sector as an online bookstore in July 1995, as the first-ever online bookstore.

The hardcopy segment dominated the market for books and held the largest revenue share of 88.9% in 2020 on account of consumers been wanting to reduce screen time; this includes young and millennial readers as well as parents who want to limit the amount of time their children spend in front of a screen. The printed word has many compelling advantages over reading on a screen.

North America dominated the market and held the largest revenue share of 42.9% in 2020 on account of the presence of a large number of independent publishers and publishing companies in the region is anticipated to boost the market.

Key Players

  • Penguin Random House
  • Hachette Book Company
  • HarperCollins Publishers
  • Simon & Schuster, Inc.
  • MacMillan Publishers
  • Pearson
  • Scholastic, Inc.
  • MARVEL
  • Morris Publishing
  • IDW Publishing
Report Coverage Details
Market Size US$ 259.3 billion by 2030
Growth Rate CAGR of 5.4% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Type, Distribution Channel, Format
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Penguin Random House; Hachette Book Company; HarperCollins Publishers; Simon & Schuster, Inc.; MacMillan Publishers; Pearson; Scholastic, Inc.; MARVEL; Morris Publishing; IDW Publishing

Market Segmentation

  • Type
    • Science
    • Historical
    • Mystery
    • Fantasy
    • Literary
    • Contemporary/Realistic
    • Romance
    • Educational
    • Comic
    • Others (Classic, Biographies)
  • Distribution Channel
    • Online
    • Local Book Shops
    • Retail Shops
    • Specialty Stores
  • Format
    • Hard Copy
    • E-Book
    • Audiobooks
  • Regional
    • North America
      •  U.S.
    • Europe
      • U.K.
      • Germany
      • France
    • Asia pacific
      • China
      • Japan
      • India
      • South Korea
    • Central and South America
    • Middle East and Africa

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Buy This Premium Research Report, click here@ https://www.visionresearchreports.com/report/cart/38483 or call: +1 9197 992 333

Daksh

Daksh is an SEO Analyst having 3 years of experienced. we can quickly understand and support initiatives that will contribute to the goals and success of client campaigns. and also Perform keyword research in coordination with client business objectives to optimize existing content and uncover new opportunities.

View all posts by Daksh →

Leave a Reply

Your email address will not be published.