The global books market 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 Global Books Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/books-market
www.grandviewresearch.com/industry-analysis/books-market
Further
key findings from the report 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.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/consumer-goods
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
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- Japan
- China
- Latin
America
- Mexico
- Brazil
- MEA
- South
Africa
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-books-market
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.
For More
Information: www.grandviewresearch.com
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