The global Books Market size is expected to reach USD 192.12 billion by 2030, expanding at a CAGR of 4.2% during the forecast period, according to a new report by Grand View Research, Inc. Increasing consumer expenditure on books, fueled by rising incomes and interest, as well as ongoing format improvements that have improved the entire reading experience, are among the primary reasons driving the book business forward. Independent publishers have been on a rise in the recent past. According to Linchpin SEO, there were approximately 69,709 independent publishers in the book industry as of 2020. In response to the apparent monopoly in traditional publishing, excluded individuals have turned to independent publishers not associated with large publishing houses.
While
traditional publishing companies seek to corner the market, independent
publishers provide an opportunity for diversity and inclusion among authors and
niches. These publishers are smaller and, in some cases, completely digital and
that is the key behind their numbers increasing year on year. Along with this,
most large publishers are privately owned. So, it is difficult to assess the
number of books being sold globally and the revenue that is generated from it.
The
growing trend of the reverse supply chain, also known as re-commerce, offers
new opportunities for selling used books. Re-commerce exemplifies the growing
trend toward transforming consumption through reuse. Thus, re-commerce
retailers such as Momox, reBuy, and Quoka.de are the biggest drivers of the
industry. While printed books are irreversibly on a path of decline, it remains
an extremely large market for print. Business model changes have shifted
control over the value chain to authors and retailers, making demand
unpredictable. Digital production inkjet print technology opens the window for
book manufacturers to respond to compressed patterns of demand through labor
and inventory cost savings.
Offset
and digital production printing will coexist for the foreseeable future, but
few book manufacturers will be able to justify reinvestment in offset printing
technology; most will not have a choice but to invest in digital production
printing systems if they are to survive and grow. A changing retail
distribution landscape will further force the adoption of more automated and
flexible book printing and manufacturing. As booksellers adapt to online
business models in a fraught global economic moment, 2021 could determine
whether independent bookstores survive. Owners say that it is not just their
solvency at stake but also the role of books across global communities.
In
terms of the supply chain, the production process in the entire industry has
slowed due to the coronavirus outbreak. For instance, Amazon has been
experiencing changes in its ability to ship products worldwide from the U.S.
This has affected Kindle Direct Publishing’s ability to fulfill orders for
proof and author copies.
List of Key Players in Books Market
- Penguin
Random House
- Hachette
Book Group
- HarperCollins
Publishers
- Simon &
Schuster, Inc.
- Pearson
- Macmillan
Publishers
- Scholastic
Inc.
- Marvel
Comics
- Morris
Publishing
- IDW
Publishing
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free sample copy or view report summary: Books
Market Report
Books Market Report Highlights
- North
America is expected to contribute a majority of the share to become the
largest division in the global revenue in 2024. The existence of a high
number of independent publishers and publishing companies in the region is
expected to spur regional market growth. A wide network of wholesalers and
distributors around the region also makes it easier for readers to find
books in various forms
- For many
readers, literary fiction provides a much-needed escape from everyday
life. This effect is even more pronounced in the fantasy genre,
where—untethered from scientific and societal laws are limited only by
their imagination—fantasy authors explore themes by creating their worlds
- During the
forecast period, the local book shops segment is expected to account for
the largest market share. Independent bookstores play an important role in
the communities they serve, serving a safe haven for children after school
to a fun way for a group of friends to spend a Saturday afternoon.
According to an article released by indigo9digital, the number of
independent bookshops in the United States declined by 40% between the
mid-1990s and 2009.
Related Press Release@ Books Industry Analysis
Books Market Segmentation
Grand
View Research has segmented the global books market on the basis of type,
category, format, distribution channel, and region:
Books Type Outlook (Revenue, USD Billion; 2018 - 2030)
- Science
- Historical
- Mystery
- Fantasy
- Literary
- Contemporary
/Realistic
- Romance
- Educational
- Comic
- Others
Books Category Outlook (Revenue, USD Billion; 2018 -
2030)
- Fiction
- Non-fiction
Books Format Outlook (Revenue, USD Billion; 2018 - 2030)
- Hard Copy
- E-book
- Audiobook
Books Distribution Channel Outlook (Revenue, USD Billion;
2018 - 2030)
- Online
- Local Book
Shops
- Mass
Merchandisers
- Specialty
Bookstores
Books Regional Outlook (Revenue, USD Billion; 2018 -
2030)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Latin
America
- Brazil
- Middle East
& Africa
- South
Africa
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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