Increase in preference for e-books is having a significant impact on book publishers market demand
The Business Research Company Global Book Publishers Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026
LONDON, GREATER LONDON, UK, February 9, 2022 /EINPresswire.com/ — E-book sales are growing rapidly in established markets in the United States and Europe. E-books have generated a higher revenue share than physical print in developed markets such as the US and UK. According to PWC, total global book publisher revenue will grow at a CAGR of 1.7% over the forecast period. Although the physical book publishing industry continues to contract (-2.8%), this decline is offset by the growth of e-books, which are expected to grow at a CAGR of 11.7% over the next forecast period. Growing consumer preference for digital versions is expected to have a significant impact on the book publishers market growth during this period.
Book publisher market trends include the print-on-demand (POD) model which is becoming popular among book publishers as it allows them to control printing and inventory costs. The print-on-demand model is characterized by printing the book only after securing the order. Due to high publishing costs, authors and publishers prefer to keep their work in digital form. Major print-on-demand book service providers include Blurb, CreateSpace, Lightning Source, and Lulu. Amazon also aims to fully integrate POD technology. It promises to print a book within 2 hours of ordering. Self-publishers have the most to gain from this technology.
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The global book publisher market size is expected to grow from $84.54 billion in 2021 to $89.25 billion in 2022 at a compound annual growth rate (CAGR) of 5.6%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The book publisher market share is expected to reach $105.27 billion in 2026 with a CAGR of 4.2%.
Key players covered in the global book publishing industry are Bertelsmann SE & Co KGaA, Lagardere SCA, Grupo Planeta, News Corporation, Scholastic Corporation, Pearson plc, Vivendi SA, CBS Corporation, Thomson Reuters and Hubert Burda Media.
Asia-Pacific was the largest region in the book publisher market in 2021. Middle East is expected to be the fastest growing region during the forecast period. Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
TBRC’s Global Book Publisher Market analysis report is segmented by Type into Consumer Books, Educational Books, Religious Books, by Reader Age Group into Under 12, 13 to 18, Over 18 years old, by distribution channel online, offline.
Global Book Publishers Market Report 2022 – By type (general public books, educational books, religious books), by reader age group (under 12, 13 to 18, over 18), by distribution channel (online, offline ) – Market Size, Trends and Global Forecasts 2022-2026 are part of a series of new reports from The Business Research Company that provide book publisher market overview, book publisher market forecast, size of the Book Publishers Market, the Book Publishers Market Growth for Overall Market, the Book Publishers Market Segments, Geographies, the Book Publishers Market Trends, the Book Publishers Market Drivers, Constraints , revenues, profiles and market shares of key competitors.
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