The Fiction Books Global Market Report 2023 by The Business Research Company, provides fiction books market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032
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According to The Business Research Company’s Fiction Books Global Market Report 2023, the market size is expected to grow from $10.48 billion in 2022 to $10.67 billion in 2023 at a compound annual growth rate (CAGR) of 1.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global fiction books is expected to grow to $11.18 billion in 2027 at a CAGR of 1.2%.
The sale of books through online media is anticipated to drive the fiction books market during the forecast period. The increasing number of active internet users is providing companies with an opportunity to cater to a wide number of customers.
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The fiction books market is segmented:
1) By Type of Fiction: Short Story, Novella, Novel
2) By Type of Book: Physical Book, E- Book, Audio Book
3) By Genre: Action And Adventure, Young Adult, Crime/Mystery, Drama, Horror/Paranormal/Ghost, Science Fiction, Other Genres
4) By End-User: Children, Young Adults, Adults
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 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 that 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
Top 5 Major Key Players Are:
Penguin Random House
Hachette Livre Group
HarperCollins Publishers
Macmillan Publishers
Simon & Schuster
Table Of Contents
1. Executive Summary
2. Fiction Books Market Characteristics
3. Fiction Books Market Trends And Strategies
4. Impact Of COVID-19 On Fiction Books
5. Fiction Books Market Size And Growth
…….
26. Africa Fiction Books Market
27. Fiction Books Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fiction Books Market
29. Fiction Books Market Future Outlook and Potential Analysis
30. Appendix
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