Global Book Publishers Market Trends And Strategies Of Major Players In The Book Publishers Market 2021-2030
29 Apr, 2021
The book publishers 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 books. These establishments may publish books in print, electronic, or audio form. Their products include atlases, religious books, school or university textbooks, encyclopedias, technical manuals, maps and travel guides, in all cases excepting exclusive internet publishing).
Global Book Publishers Market Size And Drivers:
The global book publisher market is expected to grow from $87.92 billion in 2020 to $92.68 billion in 2021 at a compound annual growth rate (CAGR) of 5.4%. The market is expected to reach $104.21 billion in 2025 at a CAGR of 3%.
Increasing consumer preference for the digital versions is expected to significantly impact the growth of the market during this period.
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Trends In The Global Book Publishers Market
Print-on-demand (POD) model is becoming popular among book publishers as it allows them to control printing and inventory costs. The POD model is characterized by printing the book only after an order is secured. Due to high publishing costs writers and publishers are preferring to keep their work in digital form. Major print on demand book service providers includes Blurb, CreateSpace, Lightning Source and Lulu. Amazon too aims to fully integrate the POD technology. It promises to print a book within 2 hours of the order. Self-publishers stand to gain the most due to this technology.
Global Book Publishers Market Segments:
The global book publishers market is further segmented based on type, readers age group and geography.
By Type: Consumer Books, Educational Books, Religious Books.
By Readers Age Group: Below 12 Years, 13 Years to 18 Years, Above 18 Years.
By Geography: The global book publishers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global book publishers market, accounting for 34% of the market.
Read More On The Report For The Global Book Publishers Market At:https://www.thebusinessresearchcompany.com/report/book-publishers-global-market-report-2020-30-covid-19-impact-and-recovery
Book Publishers Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides book publishers market overviews, analyzes and forecasts market size and growth for the global book publishers market, book publishers market share, book publishers market players, book publishers market segments and geographies, book publishers market’s leading competitors’ revenues, profiles and market shares. The book publishers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.