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Books Market Size

Report ID: FBI 6151

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Published Date: Aug-2024

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Format : PDF, Excel

Market Outlook:

Books Market surpassed USD 146.12 Billion in 2023 and is expected to exceed USD 173.09 Billion by end of the year 2032, observing around 1.9% CAGR between 2024 and 2032.

Base Year Value (2023)

USD 146.12 Billion

19-23 x.x %
24-32 x.x %

CAGR (2024-2032)

1.9%

19-23 x.x %
24-32 x.x %

Forecast Year Value (2032)

USD 173.09 Billion

19-23 x.x %
24-32 x.x %
Books Market

Historical Data Period

2019-2023

Books Market

Largest Region

North America

Books Market

Forecast Period

2024-2032

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Market Dynamics:

Growth Drivers & Opportunity:

A significant factor driving growth in the Books Market is the increasing demand for e-books and audiobooks, as digital reading formats continue to gain popularity among consumers. This trend is expected to drive significant growth in the market as more people opt for digital reading options over traditional print books.

Furthermore, a factor in the expansion of the Books Market is the rising trend of self-publishing, which has provided opportunities for authors to reach a wider audience without the need for traditional publishing houses. This has led to an increase in the number of books being published each year, further driving growth in the market.

Another contributory factor to the Books Market is the growing emphasis on education and literacy, particularly in emerging markets. As literacy rates improve and more people seek out educational resources, the demand for books is expected to increase, driving growth in the market.

Industry

Report Scope

Report CoverageDetails
Segments CoveredType, Format, Distribution Channel
Regions Covered• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledPenguin Random House, Hachette Book Group, HarperCollins Publishers, Simon & Schuster,, Pearson, Macmillan Publishers, Scholastic, Marvel Comics, Morris Publishing, IDW Publishing

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A primary constraint for the Books Market is the increasing competition from other forms of entertainment, such as streaming services and social media. As consumers have more options for how to spend their leisure time, the demand for books may face challenges in capturing and retaining audience attention.

Another growth inhibitor for the Books Market is the impact of piracy and illegal downloading, which can significantly reduce sales and revenues for publishers and authors. As digital formats become more popular, the risk of piracy and copyright infringement poses a significant threat to the industry.

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Books Market Size & Share, By Type (Science, Histo...

RD Code : 24