Global Fiction Books Market Trends And Strategies Of Major Players In The Fiction Books Market 2021-2030

9 Nov, 2021

The fiction books market consists of revenues generated by entities that carry out design, editing, and marketing activities necessary for producing and distributing fiction books for children and adults. These establishments may publish books in print, electronic, or audio form.

Global Fiction Books Market Size And Drivers:

The global fiction books market is expected to decline from $12.22 billion in 2020 to $12.21 billion in 2021 at a compound annual growth rate (CAGR) of -0.1%. The declining demand for fictional books is due to shifting consumer preference towards e-books with increasing internet penetration during the coronavirus lockdowns. The fiction books market is expected to reach $10.83 billion in 2025 at a CAGR of -3%. The sale of books through online media is anticipated to drive the fiction books market during the forecast period.

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Trends In The Global Fiction Books Market

Increasing focus on technology and new product development is a key trend in the fictional books market. The publishers and writers are continuously focusing on introducing innovations to increase the sales, outreach, and to ease their writing and publishing activities. For instance, in January 2020, Marlowe, A.I. analytical software for novels, was released to help authors to improve their novel before forwarding it off for professional editing. The software aims to provide authors with refining their manuscripts and identify opportunities for their work in the market. Moreover, publishing houses and authors are releasing podcasts which are series of spoken word, audio episodes of a particular book which is expected to create an effective means of leisure and entertainment for the readers further building sales. For instance, in September 2020, Apple Books and Oprah announced the launch of “Oprah’s Book Club” podcast, an eight-episode series for viewers to explore Oprah’s Book Club pick and bestseller.

Global Fiction Books Market Segments:
The global fiction book market is further segmented –
By Type of Fiction: Short Story, Novella, Novel
By Type of Book: Physical Book, E-Book, Audio Book
By Genre: Action And Adventure, Young Adult, Crime/Mystery, Drama, Horror/Paranormal/Ghost, Science Fiction, Others
By End-User: Children, Young Adults, Adults
By Geography: The global fiction books market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Fiction Books Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides fiction books market overviews, analyzes and forecasts market size and growth for the global fiction books market, fiction books market share, fiction books market players, fiction books market segments and geographies, fiction books market’s leading competitors’ revenues, profiles and market shares. The fiction books market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.