The market for book publishers is anticipated to reach US$ 89,983.6 Mn in 2021 and grow at a CAGR of roughly 3.9 percent through 2032.
| Attribute | Details |
| Estimated Book Publishers Market Size 2022 | US$ 93 Bn |
| Projected Book Publishers Market Size (2032) | US$ 136.1 Bn |
| Value CAGR (2022-2032) | ~3.9% |
| Book Publishers Market Top Players Share in 2021. | ~2%-8% |
Because there are so many independent publishers in the US, it is expected to grow at a CAGR of about 2.0 percent during the forecast period, making it an appealing market for book publishers.
People in the country, particularly the youth, are very interested in reading comic books like DC and Marvel comics. Even in the US, there are numerous private and public libraries as well as other comparable institutions that welcome individuals of all ages who come to read their favourite novels and graphic novels. This offers new companies in the book publishing industry a great chance to partner with these libraries and institutions and boost their sales.
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Key Takeaways from the Book Publishers Market Study
- North America dominated the market and held the largest revenue share of in 2021 on account of the presence of a large number of independent publishers and publishing companies.
- In terms of books type, the friction books are estimated to account for the highest value share in the book publishers market.
- East Asia and South Asia are estimated to dominate the book publishers market.
“With emergence of social and technological changes, the rivalry between firms in the global book publishers market is becoming more intense. A few players in the market are creating a seed fund instead of buying author services, while others are partnering with the newly acquired author services company or merging with a competitor,” says an FMI analyst.
Impact of COVID-19 on the Market
The outbreak of novel coronavirus has changed the books market. In 2020, during the first lockdown, people are restricted to going outside and also closer to books shops affects the sales of the hard copy of books. However, the demand for e-books and audiobooks are increased, as it is the best option for the reader to switch towards new trends. Furthermore, a system like immersive learning and online education drives the market growth. The introduction of the latest software, hardware and educational materials is assumed to create a platform for a reader with a real time experience. During the pandemic, many people developed a habit of reading books and novels as people have vacant time after doing all their work. But further the rapid inclination towards e-books and audio books is likely to impact market growth.
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Who is winning?
Leading manufacturers of books are focused on aggressive promotional strategies and advertisements that have driven sales growth of books globally. Major players present in the book publishers market are IDW Publishing, Morris Publishing, MARVEL, Scholastic Inc., Penguin Random House, Houghton Mifflin Harcourt., Pearson, MacMillan Publishers, Simon & Schuster, Inc., HarperCollins Publishers, Bertelsmann SE & Co. KGaA, Hachette Book Group, Planeta, and China South Publishing & Media Group Co., Ltd. among others.
Global Book Publishers Market by Category
By Books Type, Global Book Publishers Market is segmented as:
- Cookbooks
- History
- Science Friction & Fantasy
- Religion & Inspiration
- Fiction
- Mystery
- Romance
- Others (Horror, Comic, Biographies etc.)
By Sales Channel Global Book Publishers Market is segmented as:
- Wholesalers/Distributors
- Hypermarket/Supermarket
- Multi Branded Stores
- Independent Small Stores
- Online Retailer
By Region, Global Book Publishers Market is segmented as:
- Supermarket/Hypermarket
- Retail Shops
- Specialty Stores
- Online Retailers
- Other Sales Channel
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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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