Consumer books have been labeled 'analog' in the digital age, but books are ubiquitous, inexpensive, and continue to satisfy people's entertainment and information needs around the world centuries after the printing press was invented. Most adults don't think about the market very much: they think about books one at a time, if at all. Despite the fact that a print book today looks very much like one purchased decades ago, a perfect storm of changes has been affecting the book market and every player in it.
Books Market Report Scope and Research Methodology
The aim of the Books Market report is to provide the current and future market scenario. demand, income generation and sales and revenue have been provided in the Books market report. The division of the market into various segments and sub-segments helps clients to know about different growth components that are likely to be similar across the Books industry. The top players in the Books industry including market leaders, new entrants and followers are also included in the report. The Books market study provides unique guidance in thoughtful details regarding the development factors and has used a top-down and bottom-up approach to keep it error-free and accurate. SMR's Books market report is the result of a study that used various methodologies such as the PESTLE, PORTER, and SWOT analysis. The use of these methodologies provides the knowledge of strengths and weaknesses along with the macro and micro economic factors in the Books market.
Books Market Report Overview:
The report provides insights about Books Market key players along with a thorough analysis of their growth strategies, financial information and capacity, geographical presence, and product portfolio. The report provides fundamental dynamics of the Books market, including drivers, opportunities, challenges and restraints faced by the market.
Books Market Size was valued at US$ 139 Bn. in 2020. Books Market size is estimated to grow at a CAGR of 3% over the forecast period.
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Books Market Dynamics:
With the introduction of audio and video-based eBooks, industry innovation has captivated consumers worldwide. One of the key factors driving the growth of the book market is easy access to paperback copies by people with disabilities and non-English speaking groups. The publishing industry is constantly changing as new categories emerge to capture the attention of consumers. The market for new adult fiction is well established. As the popularity of novels and short stories waned, another genre emerged to compensate for the decline in fiction sales. Poetry reading increased in popularity among US adults by 76% between 2017 and 2019.
Books Market Segmentation:
The mystery books segment dominated the books market by type in 2020, accounting for 20% of the total. The dominance of this segment can be attributed to the fact that crime/mystery and thriller fiction is one of the most popular genres of fiction worldwide, with people flocking to acquire novels in this genre.
Science books are mostly nonfiction works about scientists or nonscientists. Well-known scientists have written popular science books in the past, including Charles Darwin, Albert Einstein, Carl Sagan, Richard Dawkins, Bill Nye, and Neil deGrasse Tyson. For example, Rachel Carson and Jane Good are both female scientists and science journalists who have made significant contributions to their fields. These factors are propelling the segment's expansion.
By Distribution Channel, local book shops held a 50.3% share of the books market in 2020. Consumer utility goods are sold in a variety of retail outlets. These stores primarily sell books in order to publicize a new book or a new publishing house. Department stores, convenience stores, and supermarkets are examples of retail shops that see large crowds every day, whether it's a weekend or a weekday. New writers or newly released books are typically placed in these outlets as part of the promotion strategy. These factors are propelling the market segment's growth.
In 2020, the hardcopy segment dominated the book market with a 73% share. Customers who want to limit their children's screen time include young and millennial readers, as well as parents who want to limit the amount of time their children spend in front of a screen. Reading on paper has several advantages over reading on a screen. It is easier on the eyes, easier to navigate, and has a sturdiness that digital writing, which is somewhat fleeting and easily changed, lacks. Despite fierce competition, books have remained virtually unchanged for centuries, while many other technologies have been rendered obsolete by more recent advancements.
Books Market Key Players:
Penguin Random House
Hachette Book Company
HarperCollins Publishers
Simon & Schuster, Inc.
MacMillan Publishers
Pearson
Scholastic, Inc.
MARVEL
Morris Publishing
IDW Publishing
Key Questions answered in the Books Market Report are:
- What is Books Market?
- Who are the top Books Market players?
- What was the Books Market size in 2021?
- What is the expected Books Market size by 2029?
- What will be the CAGR of the Books market during the forecast period?
- Which region held the largest market share in the Books Market?
- Which regional Books market is expected to grow at a high rate during the forecast period?
Key offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis of segments and sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- 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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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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