![Global Books Market](https://res.cloudinary.com/devmoveo/image/upload/v1683281323/skyquest/gallery/Global-Books-Market.jpg)
Report ID: SQMIG25G2001
Report ID:
SQMIG25G2001 |
Region:
Global |
Published Date: July, 2024
Pages:
223
|
Tables:
64 |
Figures:
75
North America accounted for the largest share of the global book market in 2021, with a contribution of over 32.9%. This can be attributed to the presence of numerous independent publishers and publishing companies in the region, which is expected to drive market growth. Additionally, the rising number of enthusiastic readers in North America is likely to further benefit the market. In terms of book retailers, Amazon holds the largest market share in North America, followed by Barnes & Noble. Among book formats, hardcover books are expected to hold the largest market share, while audiobooks are anticipated to witness significant growth. The penetration of e-books is also predicted to increase in the region. However, many physical retail bookstores have been facing challenges due to the growing number of readers switching to online shopping or opting for subscription-based e-books.
The Asia Pacific region is expected to witness growth at the fastest CAGR. The book market in this region is currently in the growth phase, and it is dominated by local publishers. The demand for international books is expected to increase, but the region's diverse languages result in higher demand for books in regional languages compared to English books.
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Report ID: SQMIG25G2001