Global Books Market Projected to Reach $192.26 Billion by 2030 with Steady 3% CAGR Growth: Stellar Market Research Report

𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐆𝐫𝐨𝐰𝐭𝐡:

𝐁𝐨𝐨𝐤𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 was valued at US$ 151.88 Bn. in 2023. Books Market size is estimated to grow at a CAGR of 3% over the forecast period.

𝐁𝐨𝐨𝐤𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Consumer books are often viewed as "analog" relics in today's digital age, yet they remain widely available, affordable, and continue to satisfy the entertainment and informational needs of people worldwide, centuries after the printing press was invented. For most adults, the book market is largely an afterthought-they consider books one at a time or not at all. While a modern print book looks much like one from decades ago, the industry is undergoing significant shifts due to a convergence of factors that impact every player involved.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐎𝐮𝐫 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰:https://www.stellarmr.com/report/req_sample/Books-Market/294

𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐁𝐨𝐨𝐤𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬?

Industry innovation, particularly with the rise of audio and video-based eBooks, has drawn in consumers across all regions. Improved accessibility to paperbacks for people with disabilities and non-English speaking groups is also driving market growth. The publishing sector is continuously evolving, with emerging categories capturing consumer interest. The "new adult" genre, for instance, has firmly established itself in the market. While the popularity of novels and short stories has waned, another genre-poetry-has surged in prominence. Poetry readership among U.S. adults grew by 76% between 2017 and 2019, counterbalancing the decline in fiction sales.

Rising personal consumption, paired with growing interest in self-development, is further propelling the books market. Consumers today are inclined to invest in hobbies and areas they enjoy, leading to an increase in reading as a leisure activity. This trend has created greater dynamism in the market. With higher purchasing power, consumers are more willing to spend on products and services aligned with their interests and hobbies.

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐁𝐨𝐨𝐤𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 ?

North America held a dominant share of 33.5% in the market in 2023, driven by a high number of avid readers in the region. The presence of numerous independent publishers and publishing companies is expected to further boost industry growth.

Looking ahead, the Asia Pacific market is projected to grow at a CAGR of 5.6% during the forecast period. Although local publishers currently lead the market, demand for international novels is anticipated to rise. However, given the region's linguistic diversity, books in regional languages are more sought after than English literature. These factors are expected to continue driving market expansion in the Asia Pacific region.

𝐅𝐑𝐄𝐄 𝐆𝐞𝐭 𝐚 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰! @https://www.stellarmr.com/report/req_sample/Books-Market/294

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐁𝐨𝐨𝐤𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 ?

By Product

Science
History
Mystery
Comics
Others

By Distribution Channel

Online
Local Book Shops
Retail Shops
Specialty Stores

By Format

Hard Copy
E-Book
Audiobooks

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐁𝐨𝐨𝐤𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

Penguin Random House
Hachette Book Company
HarperCollins Publishers
Simon & Schuster, Inc.
MacMillan Publishers
Pearson
Scholastic, Inc.
MARVEL
Morris Publishing
IDW Publishing

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐥𝐞𝐚𝐬𝐞 𝐕𝐢𝐬𝐢𝐭:https://www.stellarmr.com/report/Books-Market/294

𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past Market Size and Competitive Landscape
Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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𝐀𝐛𝐨𝐮𝐭 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. Firm research on many topics like Healthcare, Pharmaceuticals, Electronics and communications, Chemical and Material, Food and Beverages, Aerospace and defense, and other sectors. The company provide numerous services i.e. consultancy, Market Intelligence, Syndicate Research etc. to help executives in any organization and consumers achieve their mission-critical goals.

This release was published on openPR.