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Online Sales Platforms Driving Growth In The Non-Fiction Books Market: Major Factor in the Transformation of the Non-Fiction Books Market in 2025
Non-Fiction Books Market Size
The market size of non-fiction books has seen a consistent increase over the past few years. The market, which is expected to be worth $15.3 billion in 2024, is projected to increase to $15.78 billion in 2025, with a compound annual growth rate (CAGR) of 3.2%. Factors contributing to this growth span from educational curriculum, biographies and memoirs, self-help and personal growth, cultural and societal importance, to research and professional development.
The market size of non-fiction books is projected to experience consistent growth in the coming years, ballooning to $17.14 billion in 2029 with a compound annual growth rate (CAGR) of 2.1%. Various elements contributing to the anticipated growth during this forecasted period include aspects such as diversity and inclusivity, advancements in science and technology, mental health and wellbeing, data-informed publishing methods, along with sustainable and eco-friendly publishing practices. The significant trends expected to shape this growth period include narrative non-fiction, commentary on social and political landscapes, multimedia and interactive content, local and niche subject matter, and hybrid formats.
What Key Elements Are Boosting Growth in the Non-Fiction Books Market?
The forecast period is likely to witness a significant growth in the non-fiction books market, propelled by the adoption of an online sales platform. The surge in the use of internet services worldwide has resulted in an increase in the number of digital buyers each year. These online platforms, apart from facilitating business and interaction, bring considerable value due to their low operating costs. In light of the coronavirus pandemic and ensuing lockdowns, bookstores are increasing their investment in online sales channels. Online bookstores have additionally established a display section for books focusing on health knowledge pertinent to the pandemic, with a discount ranging from 20% to 30% generally available. As a result, online bookstores are now selling more volumes of books than their traditional counterparts.
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Who Are the Major Industry Players Fueling Non-Fiction Books Market Expansion?
Major companies operating in the non-fiction books market include HarperCollins Publishers LLC, Bloomsbury Publishing plc, Scholastic Corporation, Pearson plc, McGraw Hill LLC, Penguin Random House LLC, Hachette Livre S.A., Thomson Reuters Corporation, Elsevier B.V., Andrews McMeel Publishing LLC, The Experiment LLC, Storey Publishing LLC, Diversion Books LLC, Chronicle Books LLC, Simon & Schuster Inc., Hachette Book Group Inc., Macmillan Publishers Limited, W. W. Norton & Company Inc., Yale University Press, The University of Chicago Press, Oxford University Press, Cambridge University Press, Princeton University Press, University of California Press, Beacon Press, Basic Books Inc., Da Capo Press Inc., PublicAffairs LLC, St. Martin's Press LLC, The University of Michigan Press, University of Minnesota Press, The University of North Carolina Press, University of Pennsylvania Press, University of Texas Press, University of Virginia Press, University Press of Florida, University Press of Kansas, University Press of Kentucky, University Press of Mississippi, University Press of New England
Which Key Developments Are Influencing the Non-Fiction Books Market?
Major players in the market for non-fiction books are emphasizing on introducing unique products like e-book apps or platforms, geared towards improving accessibility and offering readers a more user-friendly, engaging way to interact with non-fiction materials. These e-book apps or platforms are essentially digital tools or online offerings, designed to enable users to browse, read, and sometimes even purchase e-books on diverse gadgets, from smartphones and tablets to e-readers. As an example, Rokomari, a digital commerce organization based in Bangladesh, in November 2023, unveiled its eBook library. This eBook library is a built-in feature of Rokomari's existing e-book platforms on both mobile and web, facilitating users to effortlessly access and peruse an assorted selection of digital books. Designed to deliver a top-notch reading encounter, the eBook library is equipped with features specially meant for digital readers. The eBook library by Rokomari provides a comprehensive selection of books spread across different genres, comprising fiction, non-fiction, Islamic literature, books for children and adolescents, academic materials, and career-oriented resources.
How Is the Segmentation of the Non-Fiction Books Market Defined?
The non-fiction books market covered in this report is segmented -
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, Other Categories
3) By Distribution channel: Online sales, Bookstores, Direct Sales
Subsegments:
1) By eBook: Dedicated eReader Platforms, Mobile Applications, Online Subscription Services
2) By Printed Book: Hardcover, Paperback
3) By Audio book: Streaming Services, Downloadable Audio Files, Physical Media (CDs)
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What Is the Leading Region in the Non-Fiction Books Market?
Asia-Pacific was the largest region in the non-fiction books market in 2023. Middle East is expected to be the fastest-growing region in the non-fiction books market during the forecast period. The regions covered in the non-fiction books market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Non-Fiction Books Global Market Report?
- Market Size Analysis: Analyze the Non-Fiction Books Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Non-Fiction Books Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Non-Fiction Books Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Non-Fiction Books Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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