The second-hand books market has seen considerable growth, advancing from $23.7 billion in 2023 to $25.32 billion in 2024, with a compound annual growth rate (CAGR) of 6.8%. Key drivers include increased consumer interest in affordable reading materials, rising environmental awareness promoting reuse, expansion of literacy programs, and economic factors influencing book purchases. The market is projected to reach $33.15 billion by 2028, with a CAGR of 7%. This growth is driven by the growing value placed on unique and vintage books, changing consumer preferences, and the expansion of global markets. Notable trends include advancements in digital learning materials, increased use of digital libraries, and innovations in logistics and shipping solutions.
Second Hand Books Market
The second-hand book market is projected to grow due to an increasing number of readers and heightened interest in affordable, sustainable literature. Advances in digital book access and ongoing literacy efforts contribute to this trend. According to THGM Writing Services, a January 2023 survey of 945 book readers revealed that 27% read more than 20 books in 2022, and 64% plan to increase their book consumption in 2023. This expanding reader base is expected to drive the second-hand book market from $0.78 billion in 2023 to $0.85 billion in 2024, with projections reaching $1.21 billion by 2028.
Second Hand Books Market Report
Second Hand Books Market Competitive Landscape
Amazon.com Inc., eBay Inc., Half Price Books Records Magazines Incorporated, Chegg Inc., Powell's Books Inc., World of Books Group, Better World Books, Thrift Books Global LLC, Gumtree.com Limited, Crossword Bookstores Limited, Valore Inc. (ValoreBooks), TextbookRush, Alibris Inc., Decluttr Limited, AbeBooks Inc., Strand Book Store Inc., StudentVIP, BookMooch, Biblio.com, PaperbackSwap.com, BookScouter, BookChor Literary Solutions Private Limited, UsedBooksFactory, Kitabay, BooksRun
Key Second Hand Books Market Trend
Major companies in the second-hand book market are leveraging strategic partnerships to expand their reach and enhance service offerings. In June 2021, Bookbarn International partnered with World of Books Group to launch the AuthorSHARE Royalty Scheme, optimizing the availability of second-hand books. This collaboration strengthens their market position and ensures a sustainable distribution model for used books.
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Second Hand Books Market Segmentation
The second hand books market covered in this report is segmented –
1) By Book Type: Action And Adventure, Art, Music, Film, And Photography, Academic Books, Biographies And Comics, Crafts, Home And Lifestyle, Fantasy, Horror And Science Fiction, Health, Personal Development, Politics, Politics And Religion, Sciences, Technology And Medicine, Other Book Types
2) By Price Range: Mass Or Economy, Premium
3) By Sales Channel: Wholesalers Or Distributors, Hyper markets Or Super markets, Specialty Stores, Multi-brand Stores, Independent Bookstores, Online Retailers, Other Sales Channels
4) By End User: Adults, Kids
By Geography:The regions covered in the second hand books market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the second hand books market in 2023.
