The Book Publishers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Book Publishers Global Market Report 2024, The book publishers market size has grown steadily in recent years. It will grow from $92.97 billion in 2023 to $95.91 billion in 2024 at a compound annual growth rate (CAGR) of 3.2%. The growth in the historic period can be attributed to educational initiatives, cultural and artistic movements, retail distribution channels, copyright and intellectual property laws, printing costs and affordability.
The book publishers market size is expected to see steady growth in the next few years. It will grow to $107.33 billion in 2028 at a compound annual growth rate (CAGR) of 2.9%. The growth in the forecast period can be attributed to self-publishing trends, subscription models, audio books and podcasts, sustainable printing practices, diversity and inclusion initiatives. Major trends in the forecast period include digital publishing and e-books, data analytics for market insights, print technology advances, sustainability in publishing, collaboration with authors for multimedia conten.
E-books sales are growing rapidly in established markets of the USA and Europe. eBooks generated a higher share of revenues than the physical print in developed markets such as the US and UK. According to PWC, the total global book publisher revenue will increase, growing at a CAGR 1.7%, during the forecast period. Although the physical book publisher’s industry continues to shrink (-2.8%), this decline is offset by growth in e-books which are predicted to grow at a CAGR of 11.7% in the forecast period. Increasing consumer preference for digital versions is expected to significantly impact the growth of the market during this period.
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The book publishers market covered in this report is segmented –
1) By Type: Consumer Books, Educational books, Religious Books
2) By Readers’ Age Group: Below 12 Years, 13 Years to 18 Years, Above 18 Years
3) By Distribution Channel: Online, Offline
Subsegments Covered: Fiction Books, Non-Fiction Books, Children and Young Adult Books
Print-on-demand (POD) model is becoming popular among book publishers as it allows them to control printing and inventory costs. The Print on Demand (POD) model is characterized by printing the book only after an order is secured. Due to high publishing costs, writers and publishers are preferring to keep their work in digital form. Major print-on-demand book service providers include Blurb, CreateSpace, Lightning Source, and Lulu. Amazon too aims to fully integrate the POD technology. It promises to print a book within 2 hours of the order. Self-publishers stand to gain the most due to this technology.
The book publishers market report table of contents includes:
- Executive Summary
- Book Publishers Market Characteristics
- Book Publishers Market Trends And Strategies
- Book Publishers Market – Macro Economic Scenario
- Global Book Publishers Market Size and Growth
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- Global Book Publishers Market Competitive Benchmarking
- Global Book Publishers Market Competitive Dashboard
- Key Mergers And Acquisitions In Book Publishers Market
- Book Publishers Market Future Outlook and Potential Analysis
- Appendix
Top Major Players
- Bertelsmann SE & Co. KGaA
- Vivendi SA,
- News Corporation
- CBS Corporation
- Lagardere SCA
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