From print to pixel, the dynamic landscape of the global books market and the shift toward sustainability.

From the quiet of some of the quiet corners of some local bookstores to the seemingly endless digital shelves of online retailers, the world of books is a dynamic landscape replete with untold stories. In our lives, no one can ever replace the book; it has been a treasure of facts and entertainment since time began. Much, therefore, has changed with the advances of technology and electronic media in the book industry. According to the research report, "Global Books Market Outlook 2029" published by Bonafide Research, the market is anticipated to cross USD 160 Billion by 2029, increasing from USD 144.67 Billion in 2023. The market is expected to grow with a 2.35% CAGR from 2024 to 2029.Today, books in the digital age are usually called "analog." That has already passed centuries since the invention of the printing press appeared. Such availability and affordability of books show an existence of books as a quite reliable source of information and entertainment for all people around the globe. Much world-changing occurred with time in the history of books. With the entry of digital media and new technologies, the book market has transformed into a myriad of formats-from books to ebooks and audiobooks-to reach reading audiences. Hence, with this transition, reading onto screens opens up greater opportunities for both the publisher and the consumer. Digital publishers should make investments in creating and marketing text, audio, and video editions while keeping in mind the medium of digital communication. Since 2013, HarperCollins has partnered with digital libraries like Scribd and others. This includes the likes of author J.K. Rowling's Pottermore can give their readers an online visual experience. BookNet Canada published that there were almost 16,000 actively-selling ISBNs in the mystery/detective genre in the year 2016. Sales data from national sales tracking service BNC SalesData showed that book buyers like a mix of newcomers such as Gillian Flynn, and more classic authors such as Agatha Christie.

The stimulus for growth in the market of books is growing demand for diversified formats of content, including print, e-books, and audiobooks, alongside the ever-increasing self-publishing. Within the market, perhaps the biggest challenge is the continuously increasing prices for titles within print and e-books because consumers now are looking at alternative options instead of buying brand-new copies. According to a Voice of the Reader survey, higher prices for books are motivating consumers to postpone purchases. Consequently, high book prices make consumers go for alternatives such as purchasing second-hand books or downloading free and discounted e-books from discount newsletters. Along with this, textbook costs have also escalated over time. Books, among them, were needed by tens of thousands of consumers in this moment of uncertainty and chaos to give up time to them for self-improvement and also to be home with a purpose. That makes demand for books grown rapidly. The readings are more interesting to most people than Jigsaws and Rubik's cubes. It may even be more enticing because it fulfils the "puzzle-solving" aspect of the classic puzzle, but on top of it all, one gets the imagination evoked and is driven by the suspense of a whodunit, which makes the puzzle even more interesting, and the urge to reach the "goal" stronger.

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The most important share of North America market is the US. Book markets have shown a radical change by shifting to digital formats and acquiring e-book and audiobook editions. The book market of Europe is in a rather challenging position of challenges and opportunities. For instance, Germany and the UK have shown an incredibly resilient level of steadiness in their sales of e-books, where traditional print books remain to be at least popular to some extent. The book market of Asia-Pacific countries is growing rapidly, with the Chinese and Indian markets holding an upper hand. The book market in South America is slowly developing, yet the regional market is still on shaky grounds due to economic instability and the variable literacy rates of countries. Brazil, though, presents a different case, with growing interest both in print and in digital formats; nevertheless, hindrances such as big import duties on foreign books and limited local distribution networks do not work to grow the business. Independent bookstores and online retail platforms make it easily accessible for different varieties of literary works. Governmental activities and programs in educational institutions also promote reading culture and encourage newer generations. The Middle East and Africa are a mixed bag for the book market. In Africa, for instance, literacy levels are on the increase, but economic factors frequently restrict availability of books. However, there is a growing trend toward mobile reading solutions targeting young readers who favor digital content for ease of access. Countries such as South Africa have experienced print and digital sales growth as publishers meet local demand but also create opportunities for literacy initiatives across the continent.

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Educational books, with their first and foremost mainly textbooks, are the largest due to the core role of this field in the educational sector, at the service of schools and universities. Of course, it is relevant to school needs, which grow in line with the permanent demand for updating educational literature and expanding student populations worldwide, especially within developing economies where education is placed high as the basis for economic development. On the other side, fantasy books have been gaining popularity steadily in recent times, especially among the young population. Digital platforms and social media have amplified the fantasy literature that fosters communities having an interest in these books. The escapism offered by fantasy narratives seems to resonate well with people who seek alternative realities for themselves. Romance continues to top the lists of preferences of many buyers, hence the continued uptrend in sales. Hard copy books continue to find a special place in people's hearts despite digitalization. The feel of pages turned the other way, the smell of ink and paper, and perhaps the aesthetic appeal of a well-stocked bookshelf and the nostalgic connection create an experience that cannot be gathered by their e- and audiobook variants. This segment does well in the genres of literary fiction, art books, and children's literature, where the print of the books helps better to enlighten the reader. In general, gifting more often takes place by a hard copy because they go along with permanence and thoughtfulness. The other new segment that came into being in the last decade is audiobooks, which have very rapidly gained grounds in almost all the parts of the world; it is currently one of the most rapidly expanding sections of the books market all over the world. With audiobooks, listeners have an added advantage of consuming literature while multitasking either working out, traveling, or doing household chores. Subscription services such as Audible have made audiobooks highly accessible, providing listeners with a mountain of libraries at their fingertips. Better audio quality and narration techniques are the additional advances in technology that have been seen. It increases the immersion and enjoyment of listening experience.

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Despite the popularity of e-bookstores nowadays, sales in the offline or traditional markets are very well preserved, for certain reasons. Although there are readers who want to touch and feel pages of a print book, which they believe is helpful in better comprehension and retention than e-books, research has shown that holding a book involves more senses, hence better retention and understanding of the subject read. Additionally, traditional reading has to minimize a lot of distraction created by the effects of electronic devices. Some parts of the market will continue to purchase online for even more old-fashioned reasons as the enjoyment of looking through a printed shelf and immediate pleasure of buying in the store. To be sure, even younger readers want to go to bookstores, which give social experience and association with the culture of literature. On the other hand, sales of books are rapidly increasing based on convenience and accessibility through the internet. The COVID-19 pandemic nurtured the development of this trend because consumers directed their reading needs to online retailers during the time that physical stores were restricted. Online platforms afford instant access to such a wide array of titles that transcend geographical boundaries, thereby making it easier for consumers to track a specific book or genre. In addition, the presence of multimedia elements in e-books makes reading highly interactive. The age group of 35 to 44 years, when compared, prefers shopping online, largely because it takes less time and provides a much easier comparison of prices. With the advancement of technology, the increase of suggestions and consumer reviews continued to boost the sales of online books. It even became a trend for most consumers worldwide.

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Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Books market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions & Countries covered in the report:
Asia-Pacific: (South Korea, China, India, Japan)
North America: (United States, Canada)
Europe: (Germany, France, United Kingdom, Italy)
South America: (Brazil, Argentina)
Middle East & Africa: (UAE, South Africa, Saudi Arabia)

By Types
• Educational
• Science
• History
• Fantasy
• Romance
• Others

By Format
• Hard copy
• E-books
• Audiobooks

By Distribution Channel
• Offline
• Online

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Contact us:
Steven Thomas - Sales & Marketing Manager
E-mail: sales@bonafideresearch.com
Asia-Pacific: +91 7878231309
Europe: +44 20 8089 0049
North America: +1 201 793 8545
https://www.bonafideresearch.com/

Bonafide Research is the fastest-growing global market research and consulting company, providing syndicated research reports, customized research reports, and consulting services to a range of verticals. Bonafide Research stands out as a contemporary market research company, renowned for its unparalleled resilience and integrated approach. With an extensive database of more than 19000 reports from 60 countries and expertise across 11 diverse industry domains and even assist the companies in spectrum of services, including designing their market assessment, market entry strategies, and consumer behavior analysis etc. Since last 10 years, we have served close to 1000+ clients and it includes fortune 500 companies across the globe. Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day. Bonafide Research has a strong base of analysts and consultants from assorted areas of expertise who track the latest economic, demographic, trade, and market data globally and help clients make informed business decisions. They periodically update their market research studies to ensure that their clients get the most recent, relevant, actionable, and valuable information for strategy development and to extract tangible results.

This release was published on openPR.