Global Books Market Valued at $151.88 Billion in 2023, Expected to Grow at a 3% CAGR Over the Forecast Period

Books Market was valued at US$ 151.88 Bn. in 2023. Books Market size is estimated to grow at a CAGR of 3% over the forecast period.

Books Market Overview:

Consumer books have been called 'analog' in the digital age, but books are ubiquitous, inexpensive, and continue to feed the entertainment and information needs of people around the world centuries after the printing press was invented. It is safe to say the market isn't thought of very much by most adults: they think about books one at a time or not at all. Even though a print book today looks very much like one that had been purchased decades earlier, a perfect storm of changes has been affecting the books market and every player in it.

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Books Market Dynamics:

Industry innovation with the advent of audio and video-based eBooks has attracted consumers in all regions. Easy access to paperback copies by people with disabilities and non-English speaking groups is one of the key factors driving the books market growth. The publishing industry is constantly evolving with the emergence of new categories that are attracting the attention of consumers. The new adult genre is well established in the market. As the popularity of novels and short stories declined, another genre became more prominent than offsetting the decline in fiction sales. Poetry reading gained popularity among U.S. adults, increasing by 76% from 2017 to 2019.

Books Market Regional Analysis

The presence of a significant number of independent publishers and publishing businesses in the region is expected to enhance the industry. North America dominated the market with 33.5 % in 2023 the increased number of voracious readers in North America is expected to drive the books market.



Through the forecast period, the market in the Asia Pacific is expected to grow at a CAGR of 5.6 %. Local publishers now dominate the region, although demand for international novels is expected to rise. However, because many other languages are spoken here, regional language books are in higher demand than English literature. These factors are expected to drive the growth of the market in this region.

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Books Market Segmentation:

By Type, in 2023, the mystery books segment dominated the books market with a 20 % share. This segment's domination can be ascribed to the fact that crime/mystery and thriller fiction is one of the most popular genres of fiction globally, with people flocking to acquire novels in this genre.



Science books are mainly nonfiction works that are related to a scientist or a non-scientist. Historically, well-known scientists such as Charles Darwin, Albert Einstein, Carl Sagan, Richard Dawkins, Bill Nye, and Neil deGrasse Tyson have written popular science books. Rachel Carson and Jane Good, for example, are both female scientists and science journalists who have made substantial contributions to their areas. These factors are driving the growth of the segment.

Leading Books Market key industry:

Penguin Random House
Hachette Book Company
HarperCollins Publishers
Simon & Schuster, Inc.
MacMillan Publishers
Pearson
Scholastic, Inc.
MARVEL
Morris Publishing
IDW Publishing

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Key questions answered in the Books Market are:

What segments are covered in the Books Market report?
Which region is expected to hold the highest share in the Books Market?
What is the market size of the Books Market by 2030?
What is the forecast period for the Books Market?
What was the market size of the Books Market in 2023?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis of the Offerings, Vertical, Application and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations


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