The global children and young adult books market size is expected to grow from $10.82 billion in 2021 to $11.34 billion in 2022 at a compound annual growth rate (CAGR) of 4.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $13.02 billion in 2026 at a CAGR of 3.5%.
What is the Global Children And Young Adult Books Market?
The children and young adult books market consists of revenues generated by entities (organizations, sole traders, or partnerships) that carry out design, editing, and marketing activities necessary for producing and distributing children and young adult books. These establishments may publish books in print, electronic, or audio form. Only goods and services traded between entities or sold to end consumers are included.
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What drives the Global Children And Young Adult Books Market?
The increase in the disposable income of consumers contributed to the growth of the children and the youth-adult books market. An increase in disposable income boosts consumer purchasing power and increases the probability of consumer spending in leisure activities including reading books. For instance, the national median family income in the US for the fiscal year 2021 was $79,900, an increase from $78,500 in the fiscal year 2020. Therefore, the increase in the disposable income of consumers drove the children and the youth-adult market.
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Global Children And Young Adult Books Market Segments
The global children and young adult books market is segmented:
By Type: Print Book, eBook, Audiobook
By End-User: Children (2 to 10 years), Adolescents (11 to 17 years), Young Adults (18 to 25 years)
By Distribution Channel: Online Distribution, Offline Distribution
By Geography: The regions covered in the children and young adult books market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Children And Young Adult Books Global Market Report 2022provides market size and growth forecasts for the global children and young adult books market, global children and young adult books market share, children and young adult books market segments and geographies, children and young adult books market competitive landscape including leading competitors’ revenues, profiles and market shares. The children and young adult books market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Children And Young Adult Books Industry Playersinclude Hachette Book Group, Holtzbrinck Publishing Group, Phoenix Publishing House, Bonnier, China Publishing Group, De Agostini Editore, HarperCollins Publishers, Informa, Kadokawa Publishing, Kodansha, Shogakukan, Penguin Random House (Random House), Amazon.com, China South Publishing & Media Group, Bungeishunju, Planeta, Sanoma Media, Pearson, McGraw-Hill Education, Wolters Kluwer, Reed Elsevier, Grupo Planeta, ThomsonReuters, Scholastic, Cengage, Springer Science and Business Media, Shueisha, Wiley, Houghton Mifflin Harcourt, Gakken, and Oxford University Press. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
