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Fiction Books Market Report 2023: Comprehensive Research Study By Key Players: Penguin Random House, Hachette Livre Group, HarperCollins Publishers, Macmillan Publishers
Fiction Books Market Report
The Business Research Company's Fiction Books Global Market Report 2023 the online shopping of books as the major driver for the fiction books market's growth in 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 a Pew Research Center survey on book consumption and book formats, 191 million e-books were sold in the United States in 2020.
The global fiction books market size will grow from $10.48 billion in 2022 to $10.67 billion in 2023 at a compound annual growth rate (CAGR) of 1.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global fiction books market size is expected to grow to $11.18 billion in 2027 at a CAGR of 1.2%.
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Major competitors in the fiction books market are Penguin Random House, Hachette Livre Group, HarperCollins Publishers, Macmillan Publishers, Simon & Schuster, Turner Publishing, Chronicle Books, and Coffee House Press.
A key trend in the fiction books market includes Increasing focus on technology and new product development. The publishers and writers are continuously focusing on introducing innovations to increase sales, outreach, and to ease their writing and publishing activities. For instance, in January 2020, Marlowe, A.I. analytical software for novels, was released to help authors to improve their novel before forwarding it off for professional editing.
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The fiction books market is segmented -
• By Type of Fiction: Short Story, Novella, Novel
• By Type of Book: Physical Book, E- Book, Audio Book
• By Genre: Action And Adventure, Young Adult, Crime/Mystery, Drama, Horror/Paranormal/Ghost, Science Fiction, Other Genres
• By End-User: Children, Young Adults, Adults
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the fiction books market
The Business Research Company's "Global Fiction Books Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Fiction Books Market Include:
1. Executive Summary
2. Fiction Books Market Characteristics
3. Fiction Books Market Trends And Strategies
4. Fiction Books Market - Macro Economic Scenario
5. Fiction Books Market Size And Growth
……………
27. Fiction Books Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fiction Books Market
29. Fiction Books Market Future Outlook And Potential Analysis
30. Appendix
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