The global booksmarket is expected to reach USD 124.2
billion by 2025, according to a new report by Grand View Research, Inc. The
increasing consumer spending supported by increasing income is expected to
boost market growth. Furthermore, increasing innovation in the market, which is
anticipated to enhance the reading experience is expected to boost the demand
over the forecast period.
Small,
independent publishing houses are taking advantage of technological advancement
and are printing books on demand. Companies such as IngramSpark and Kindle
Direct Publishing are two such companies. These companies use small presses.
Companies can also use technological innovation to enhance the reading
experience for the consumer. For instance, J.K Rowling’s Pottermore, makes
reading the book an entire visual experience and also involves the readers in
the activities.
This
industry based on product type is bifurcated into trade books and other books..
Most of the genres such as fiction, non-fiction, literature, young children are
covered under this segment. The buying decision in case of this segment is with
the consumer.
The other
books segment includes educational publications. Additionally, majority of the
buying decision in this segment is made by government authoritites or school
administrators. The students now also have the option of renting textbooks,
instead of buying them, which can restrain the growth of this industry
Full research report on books market analysis: https://www.grandviewresearch.com/industry-analysis/books-market
Further Key Findings From the Study Suggest:
·
The trade book segment dominates the
industry in 2016, owning to increased consumer spending and increase in digital
publishing options.
·
North America is estimated to dominate the
industry in 2016, owing to increasing employment rates, which in turn increases
consumer spending.
·
Some of the key players in books market are
Pearson, McGraw-Hill Publications, Penguin Random House, Hachette Livre, Thomas
Reuters, Elsiever, HarperCollins, Bloomsbury, and Scholastic. Collaborations,
service portfolio expansion and merger & acquisitions are key strategic
undertakings by these players.
View more reports of this category by Grand
View Research at: https://www.grandviewresearch.com/industry/consumer-goods
Grand View Research has segmented the Books
market by product and region:
Books Market Product
Outlook (Revenue, USD Billion; 2013 - 2025)
·
Trade books
·
Other books
Books Market Regional
Outlook (Revenue, USD Billion; 2013 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Mexico
o
Brazil
·
MEA
o
South Africa
Access press release by Grand View
Research: https://www.grandviewresearch.com/press-release/global-books-market
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
