Global Books Market by Type (Comic, Fantasy, Mystery, Historical, Romance, Contemporary, Literary, Educational, Science) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global books market was worth USD 132.1 billion in 2020. It is expected to grow at a compound annual rate of 2.4% between 2021 and 2028. With the introduction of audio-and video-based ebooks, technological innovations in the industry are drawing consumers from all regions. The market's growth is driven by the ease of access to paperback copies for those with disabilities and people who don't speak English.

With the rise of new categories, the publishing landscape is constantly changing. The industry has seen the rise of the adult genre and it is expected to continue to grow over the next few years. Another genre is growing in popularity, more than compensating for the drop in sales of fiction books. Penguin Random House claims that non-fiction revenue soared by almost 30% in 2017 compared to the five previous years. Poetry reading is gaining popularity among Americans, with 76% of them reading it from 2012 to 2017.

The market for books is driven by rising consumer spending and a greater focus on self-development. Consumers are more inclined to spend money on hobbies and interests that they enjoy. A higher level of importance is being placed on leisure activities, which has led to an increase in readers. This has resulted in greater market momentum. Consumers are more inclined to spend money on products and services that match their interests and hobbies, as a result of a rise in their purchasing power.

There has been a wide range of impacts that COVID-19 has had on different industries. However, overall, book publishers have done well in 2020 and avoided many of the COVID-inflicted disruptions that were faced by other sectors. Springer Nature Switzerland AG's research found that overall book retail sales in 2020 saw a slight decline in February 2021. However, there were large swings from month to month. April sales fell by 14.7% from March, but were followed by a 18.3% increase in May. Retail sales in November were down 1.1% from October, but rose by 4.1% from November 2019. Trade sales for 2020 were nearly identical to those in 2019. However, they were up 4.1% from November 2019.

The history of books has seen many changes. The market for books has changed dramatically over time, from papyrus scrolls to e-books. Since reading has moved to the screen, the opportunities for both publishers and readers have increased.

Type Insights

In 2020, the mystery books market was dominant and represented 16.7% of the total revenue. This is due to the fact that crime/mystery/thriller is a popular fiction genre worldwide and readers are flocking in droves to purchase books in this category.

Science books are often non-fiction works that can be related to science or nonscience-based people. Popular science book authors have traditionally been prominent scientists such as Charles Darwin and Albert Einstein, Richard Dawkins (Richard Dawkins), Bill Nye, Neil deGrasse Tyson, Richard Dawkins, Richard Dawkins, Richard Dawkins, Richard Dawkins, Richard Dawkins, Richard Dawkins, Richard Dawkins, and Richard Dawkins. Jane Good, Rachel Carson, and Jane Good are both female scientists.

Distribution Channel Insights

Local book shops dominated the books market and had a 50.3% revenue share in 2020. A variety of consumer utilities goods are available at retail shops. These stores often sell books to promote new books or new publishing brands. This retail store concept includes convenience stores, departmental stores, and supermarkets. There is a huge consumer footfall every day, no matter what time of the week. These stores are often used to promote new authors and newly published books.

The online segment generated USD 36.9 million in revenue and is expected to reach 46.9 trillion by 2028. Amazon was the first online bookstore to launch e-commerce in July 1995. After Amazon, more websites went live, including AbeBooks and Alibris, Barnes & Nobles, Books-A-Million, Books-A-Million, and others. It was a revolutionary moment when Amazon began selling books online. Because even though there were many online businesses, none could offer the same convenience as Amazon, such as home delivery within 24 hours.

Format Insights

Hardcopy was the dominant market segment for books in 2020 and held the largest revenue share at 78.9%. This is due to consumers wanting to reduce screen time. This includes parents and young readers, as well as parents who wish to limit screen time for their children. There are many advantages to reading printed words over reading on a computer screen. It's easier to read, more portable, and has a greater durability than digital text, which can be edited quickly and is often difficult to edit. Many other technologies were quickly replaced by newer ones, but books have remained a popular medium for hundreds of years, despite all the competition.

From 2021 to 2028, the e-book market is expected to grow at 3.0%. This segment is estimated to reach USD 27.1 billion in 2028. The audiobooks segment will grow at a 3.5% CAGR from 2021-2028. This segment is estimated to be worth USD 8.4 billion by 2028.

Regional Insights

North America was the dominant market, with 32.9% of the total revenue in 2020. This is due to the large number of independent publishers in the region. It is expected that this market will continue to grow. The books market will also benefit from the increasing number of avid readers in North America. Asia Pacific is the fastest growing region and second largest. This region is dominated primarily by local publishers, and international book demand is expected to rise.

The market in Asia Pacific is expected to grow rapidly over the forecast period. Local publishers dominate the region, and international books are expected to be in high demand. There are many languages spoken in the region, so books in regional languages are more popular than English books.

Market Share Insights & Key Companies

This market is dominated by several established players like Penguin Random House and Hachette Book Group, HarperCollins. Simon & Schuster, Macmillan, Macmillan, Macmillan, Macmillan, Macmillan, Pearson, and Simon & Schuster. These companies have a significant market share, offer a wide range of products, and are well-known around the world. The market also includes smaller to medium-sized players who offer a limited range of products. Some of these are self-publishing businesses.

Because most of the players are well-connected across the globe, their impact on the market can be significant. The market's key players, especially in North America and Europe, are focused on strategic initiatives like acquisitions, new collection launches and partnerships to increase revenue and strengthen their position in the global market. The following are some of the most prominent players in the book market:

• Penguin Random House

• Hachette Book Company

• HarperCollins Publishers

• Simon & Schuster, Inc.

• MacMillan Publishers

• Pearson

• Scholastic, Inc.

• MARVEL

• Morris Publishing

• IDW Publishing

Up Market Research published a new report titled “Books Market research report which is segmented by Type (Comic, Fantasy, Mystery, Historical, Romance, Contemporary, Literary, Educational, Science), By Players/Companies IDW Publishing, HarperCollins Publishers, Pearson, Penguin Random House, Morris Publishing, MacMillan Publishers, Simon & Schuster Inc, Scholastic Inc, MARVEL, Hachette Book Company”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Books Market Report Segments:

The market is segmented by Type (Comic, Fantasy, Mystery, Historical, Romance, Contemporary, Literary, Educational, Science).

Books Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Books Market

Overview of the regional outlook of the Books Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Books Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Books Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Comic

                2. Fantasy

                3. Mystery

                4. Historical

                5. Romance

                6. Contemporary

                7. Literary

                8. Educational

                9. Science

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Books Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Books Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.