San Francisco, 30 November 2018: 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
Further
Key Findings From the Study 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 at: 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
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Mexico
o
Brazil
·
MEA
o
South Africa
Access Press Release of
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.
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