Non-Fiction Books Market Latest Trends, Demands and Huge Business Opportunities 2022-HarperCollins; Bloomsbury; Scholastic; Pearson

The MarketInsightsReports has added a new statistical data to its repository titled as, Non-Fiction Books Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on recent developments and technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. This market report is a detailed study on the growth, investment opportunities, market statistics, growing competition analysis, major key players, industry facts, important figures, sales, prices, revenues, gross margins, market shares, business strategies, top regions, demand, and developments.

The global non-fiction books market is expected to grow from $24.27 billion in 2020 to $26.81 billion in 2021 at a compound annual growth rate (CAGR) of 10.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $35.65 billion in 2025 at a CAGR of 7.4%.

Top Companies in the Non-Fiction Books Market- HarperCollins; Bloomsbury; Scholastic; Pearson; McGraw-Hill Publications; Penguin Random House; Hachette Livre; Thomas Reuters; Elsiever and other.

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Market overview
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. Increasing adoption of online entertainment sources is expected to hinder the market growth during the forecast period. With the proliferation of online entertainment sources, authors compete with not only radio and TV, but a range of new streaming services beyond just Netflix, including Disney+, Hulu, and Amazon Prime. In 2020, internet usage has surged by between 50% and 70% due to Covid-19, according to preliminary statistics. Authors compete for the limited budgets and leisure time of consumers. Therefore, the rise in online entertainment sources poses stiff competition over the books market thus retarding the growth of the non-fiction books market.

Industry news

In September 2018, Kaplan Test Prep, a US-based premier provider of educational and career services for individuals, schools and businesses acquired Barron’s-Branded Test Prep for an undisclosed amount. Under this acquisition Barron's portfolio is expected to benefit from Kaplan’s digital and product development expertise, state-of-the-art content and learning management system, and distribution arrangements across the globe. Barron’s Educational Series, a US-based publisher of children’s books is also into various other fields such as foreign language learning guides with downloadable audio, pet care manuals, gift books, cookbooks, colouring and adult activity books, business and financial advice guides, parenting advice books, and art instruction books with companion online videos, in addition to learning materials on MP3, Apps, and Bonus Online Conten

Global Non-Fiction Books Market Split by Product Type and Applications:

By Type: eBook; Printed Book; Audio book

 By Category: Religion; Travel; Biography; History/Law/Political Science; Business/Economics; Cooking/Entertainment; Computers; Crafts/Antiques/Hobbies/Games; Performing Arts; Others

 By Distribution channel: Online sales; Bookstores; Direct Sales

Regional Analysis
North America dominated the market and held the largest revenue share of 32.9% 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. Additionally, the growing number of avid readers in North America is likely to benefit the books market. Asia Pacific is estimated to be the second-largest and fastest-growing region. The region is dominated by local publishers and the demand for international books is anticipated to increase.

In Asia Pacific, the market is estimated to grow fast over the forecast period. The region is dominated by local publishers and the demand for international books is anticipated to increase. However, many diverse languages are prevalent here and thus, the demand for books in regional languages is more as compared to English books. The Digital media trends survey, 14th edition by Deloitte states that nearly 80% of people in the USA have subscribed to at least one paid online streaming video service. According to Media Partners Asia, online streaming services are likely to see 12% growth in Asia by brands such as Netflix, Disney+Hotstar, and more.

Browse Full Report at: https://www.marketinsightsreports.com/reports/05182898733/non-fiction-books-global-market-report-2021-covid-19-impact-and-recovery-to-2030-including-1-by-type-ebook-printed-book-audio-book-2-by-category-religion-travel-biography-history-law-political-science-business-economics-cooking-entertainment-computers-crafts-antiques-hobbies-games-performing-arts-others-3-by-distribution-channel-online-sales-bookstores-direct-sales-covering-harpercollins-bloomsbury-scholastic-pearson-mcgraw-hill-publications?Mode=126

Major Points Covered in Table of Contents:

– Overview of Non-Fiction Books Market
– Global Market Status and Forecast by Regions
– Global Market Status and Forecast by Types
– Global Market Status and Forecast by Downstream Industry
– Market Driving Factor Analysis
– Market Competition Status by Major Manufacturers
– Major Manufacturers Introduction and Market Data
– Upstream and Downstream Market Analysis
– Cost and Gross Margin Analysis
– Marketing Status Analysis
– Market Report Conclusion
– Research Methodology and Reference

Finally, the Non-Fiction Books Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principal locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Non-Fiction Books Industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation

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