Press release
Online Sales Boost Fiction Books Market: Pivotal Factor Influencing Fiction Books Market Growth in 2025
Fiction Books
Fiction Books Market Size Growth Forecast: What to Expect by 2025?
In the past few years, the market size of fiction books has seen consistent growth. It is projected to expand from $11.16 billion in 2024 to $11.38 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 2.0%. The observed growth in the historic timeline is a result of various factors including the development of the publishing industry, readers' demand, awards and accolades in literature, digital publishing, and adaptations in media.
How Will the Fiction Books Market Size Evolve and Grow by 2029?
The market size of fiction books is set to witness modest expansion in the coming years, escalating to $12.09 billion by 2029 at a compound annual growth rate (CAGR) of 1.5%. The anticipated growth during the forecast period could be credited to factors such as diversity and inclusivity, tailored reading suggestions, independent and self-publishing authors, worldwide accessibility, as well as sustainable and environmentally conscientious publishing. Notable trends expected during this forecast period consist of merged genres, short fiction and anthologies, digital book gatherings, book subscription models, and interactive, engaging formats.
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What Drivers Are Propelling the Growth of Fiction Books Market Forward?
The rise in the sales of books via the internet is expected to propel the growth of the fiction books market in the projected timeframe. As the number of active internet users increases, it presents companies with a chance to serve a broader customer base. As reported by the Association of American Publishers, a trade association of the US book publishing industry, digital book sales in the United States witnessed a jump of 2.7% for the first time this year in August 2022, bringing in over $90.7 million from e-book sales alone. The preference for online book purchases is largely attributed to a wider variety of choices, the cost-effectiveness from deals and discounts, and the convenience of purchasing at any time and from any location. Hence, the trend of online book shopping is fuelling the fiction book market.
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Which Emerging Trends Are Transforming the Fiction Books Market in 2025?
Leading businesses in the fiction book industry are turning to artificial intelligence (AI) to stay competitive. AI produced audiobooks offer a unique blending of human imagination and machine accuracy. For example, in January 2023, US-based tech giant, Apple Inc., released a fresh selection of AI-voiced books via its Books application. These narrations, digitally fashioned to mimic a human speaker, can reduce the cost and complexity involved in audiobook creation for authors and publishers, potentially leading to significant alterations in the audiobook sector. Currently, these AI-generated renditions are only available for a limited number of genres, including fiction and romance.
What Are the Key Segments in the Fiction Books Market?
The fiction books market covered in this report is segmented -
1) By Type Of Fiction: Short Story, Novella, Novel
2) By Type Of Book: Physical Book, E- Book, Audio Book
3) By Genre: Action And Adventure, Young Adult, Crime Or Mystery, Drama, Horror Or Paranormal Or Ghost, Science Fiction, Other Genres
4) By End-User: Children, Young Adults, Adults
Subsegments:
1) By Short Story: Literary Fiction, Genre Fiction (Science Fiction, Fantasy, Horror), Flash Fiction, Anthology (Collections Of Short Stories)
2) By Novella: Literary Novella, Genre Novella (Thriller, Mystery, Romance, Science Fiction)
3) By Novel: Literary Novel, Genre Novel (Mystery, Thriller, Romance, Historical Fiction, Science Fiction, Fantasy), Graphic Novel, Young Adult (YA) Novel, Children's Novel, Adult Fiction
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Who Are the Key Players Shaping the Fiction Books Market's Competitive Landscape?
Major companies operating in the fiction books market include Penguin Random House LLC, Hachette Livre, HarperCollins Publishers LLC, Macmillan Publishers, Simon & Schuster Inc., Turner Publishing Company, Chronicle Books LLC, Coffee House Press Inc., Scholastic Corporation, Bloomsbury Publishing plc, Egmont Group, Candlewick Press Inc., Nosy Crow Ltd., Chicken House Ltd., Usborne Publishing Ltd., Walker Books Ltd., Abrams Books Inc., Sourcebooks Inc., Harlequin Enterprises Limited, Kensington Publishing Corp., Entangled Publishing LLC, Bold Strokes Books Inc., Bella Books Inc., Dreamspinner Press LLC, Carina Press, Riptide Publishing, Less Than Three Press LLC, Little Brown and Company, Tor Books, Orbit, Ace Books, DAW Books, Baen Books, Angry Robot, Night Shade Books, Pyr, Subterranean Press LLC
What Geographic Markets Are Powering Growth in the Fiction Books Market?
Asia-Pacific was the largest region in the fiction books market in 2023. Middle East is expected to be the fastest-growing region in the fiction books market during the forecast period. The regions covered in the fiction books market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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