Fiction Books Market 2021 Growing Demand, Size and Business Outlook - Penguin Random House, Hachette Livre Group, HarperCollins Publishers, Macmillan Publishers

The “Fiction Books Market” report is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.

The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Fiction Books market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.

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https://www.marketinsightsreports.com/reports/08103166996/fiction-books-global-market-report-2021-covid-19-impact-and-recovery-to-2030-including-1-by-type-of-fiction-short-story-novella-novel-2-based-on-type-of-book-physical-book-e-book-audio-book-3-by-genre-action-and-adventure-young-adult-crime-mystery-drama-horror-paranormal-ghost-science-fiction-others-4-based-on-end-user-children-young-adults-adults-covering-penguin-random-house-hachette-livre-harpercollins-macmillan-publishers-simon-schuster/inquiry?Mode=28         

The study includes market share analysis and profiles of players such as Penguin Random House, Hachette Livre Group, HarperCollins Publishers, Macmillan Publishers, Simon & Schuster, Turner Publishing, Chronicle Books, and Coffee House Press.

The global fiction books market is expected to decline from $12.22 billion in 2020 to $12.21 billion in 2021 at a compound annual growth rate (CAGR) of -0.1%. The declining demand for fictional books is due to shifting consumer preference towards e-books with increasing internet penetration during the coronavirus lockdowns. The market is expected to reach $10.83 billion in 2025 at a CAGR of -3%.

Executive Summary:

The fiction books market covered in the report is segmented by type of fiction into short story, novella, novel; by type of book into physical book, e- book, audio book; by genre into action and adventure, young adult, crime/mystery, drama, horror/paranormal/ghost, science fiction, others; by end-user into children, young adults, adults.

In September 2019, Chicago Review Press (CRP), a USA-based independent publisher acquired Amberjack Publishing for an undisclosed amount. Through this acquisition, Chicago Review Press had added 63 tiles of Amberjack Publishing to its list. Amberjack Publishing is a USA-based media company engaged in publishing and editing fictional and non-fictional books.

The change in the reading habits of people is expected to hamper the growth of fiction books markets. The preferences towards other entertainment means like videos, streaming platforms, gaming, and television have caused a decline in the people reading books and an increase in time spent on other means. For instance, in the Digital media trends survey, 14th edition, nearly 80% of people in the USA have subscribed to at least one paid online streaming video service. The statistics indicate a wider acceptance of online streaming services among individuals. Thus, online streaming channels created a low interest in reading books which further acts as a hindrance to fictional books market growth.

The sale of books through online media is anticipated to drive the fiction books market during the forecast period. The increasing number of active internet users is providing companies with an opportunity to cater to a wide number of customers. According to the Book Publishing Statistics published in October 2018, the publishers sold more through the online medium that is $8.03 billion than through physical stores that is $6.90 billion in 2018. The preference of individuals to buy books online is majorly due to the broad choice, cost savings due offers and discounts, and convenience of buying anytime and from any location. Therefore, online shopping of books is boosting the fiction book market.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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https://www.marketinsightsreports.com/reports/08103166996/fiction-books-global-market-report-2021-covid-19-impact-and-recovery-to-2030-including-1-by-type-of-fiction-short-story-novella-novel-2-based-on-type-of-book-physical-book-e-book-audio-book-3-by-genre-action-and-adventure-young-adult-crime-mystery-drama-horror-paranormal-ghost-science-fiction-others-4-based-on-end-user-children-young-adults-adults-covering-penguin-random-house-hachette-livre-harpercollins-macmillan-publishers-simon-schuster?Mode=28        

Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Fiction Books market.

The study objectives of this report are:

To study and analyze the global Fiction Books size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2024, and forecast to 2025.
To understand the structure of Fiction Books by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Fiction Books manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Fiction Books with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Fiction Books submarkets, with respect to key regions (along with their respective key countries).
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.

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