Global Book Publishers Market Trends And Strategies Of Major Players In The Book Publishers Market 2020
The global book publishers market is expected to decline from $92.8 billion in 2019 to $85.9 billion in 2020 at a compound annual growth rate (CAGR) of -7.5%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 2% from 2021 and reach $91.4 billion in 2023.
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).
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The global book publishers market is further segmented based on type 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 Subsegments Covered: Fiction Books, Non-Fiction Books, Children and Young Adult Books
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, the Asia-Pacific book publishers market accounts for the largest share in the global book publishers market.
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Trends In The Book Publishers Market
The rise in social media and the increasing volume of consumer data is driving growth and innovation in the book publishers industry. Book publishers can have broad and deep visibility into their consumers, distributors and other stake holder data. Publishers with digital first model are investing significantly in building in-house data and analytics team.
Book Publishers Global Market Report 2020 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.