The fiction books market size is expected to see steady growth in the next few years. It will grow to $12.01 billion in 2028 at a compound annual growth rate (CAGR) of 2.1%. The growth in the forecast period can be attributed to diversity and inclusivity, personalized reading recommendations, indie and self-published authors, global reach, sustainability and eco-friendly publishing. Major trends in the forecast period include genre blending, short fiction and anthologies, virtual book events, book subscription services, interactive and immersive formats.
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Segmentation & Regional Insights
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/Mystery, Drama, Horror/Paranormal/Ghost, Science Fiction, Other Genres
4) By End-User: Children, Young Adults, Adults
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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Major Driver Impacting Market Growth
The sales of books through online media is anticipated to drive the fiction books market during the forecast period. The increasing number of active internet users is providing companies with an opportunity to cater to a wide number of customers. For instance, according to the Association of American Publishers, a US-based trade association of the American book publishing industry, for the first time this year, digital book sales in the US in August 2022 increased by 2.7%. Over $90.7 million was generated by e-book sales. The preference of individuals to buy books online is primarily due to the broad choice, cost savings due to offers and discounts, and convenience of buying anytime and from any location. Therefore, online shopping of books is boosting the fiction book market.
Key Industry Players
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
The fiction books market report table of contents includes:
1. Executive Summary
2. Fiction Books Market Characteristics
3. Fiction Books Market Trends And Strategies
4. Fiction Books Market – Macro Economic Scenario
5. Global Fiction Books Market Size and Growth
……………….
31. Global Fiction Books Market Competitive Benchmarking
32. Global Fiction Books Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Fiction Books Market
34. Fiction Books Market Future Outlook and Potential Analysis
35. Appendix
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