Categories: IT & Communication Technology

Book Publishers Market Expected To Reach $107.33 billion in 2028

Overview and Scope
Book publishers refers to a person or firm that publishes books, magazines, engravings, computer software, etc.

Sizing and Forecast
The book publishers market size has grown steadily in recent years. It will grow from $92.97 billion in 2023 to $95.91 billion in 2024 at a compound annual growth rate (CAGR) of 3.2%. The growth in the historic period can be attributed to educational initiatives, cultural and artistic movements, retail distribution channels, copyright and intellectual property laws, printing costs and affordability.

The book publishers market size is expected to see steady growth in the next few years. It will grow to $107.33 billion in 2028 at a compound annual growth rate (CAGR) of 2.9%. The growth in the forecast period can be attributed to self-publishing trends, subscription models, audio books and podcasts, sustainable printing practices, diversity and inclusion initiatives. Major trends in the forecast period include digital publishing and e-books, data analytics for market insights, print technology advances, sustainability in publishing, collaboration with authors for multimedia conten.

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Segmentation & Regional Insights
The book publishers market covered in this report is segmented –

1) By Type: Consumer Books, Educational books, Religious Books
2) By Readers’ Age Group: Below 12 Years, 13 Years to 18 Years, Above 18 Years
3) By Distribution Channel: Online, Offline

Subsegments Covered: Fiction Books, Non-Fiction Books, Children and Young Adult Books

Asia-Pacific was the largest region in the book publishers market in 2023. Middle East is expected to be the fastest growing region in the forecast period. The regions covered in the book publishers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
E-books sales are growing rapidly in established markets of the USA and Europe. eBooks generated a higher share of revenues than the physical print in developed markets such as the US and UK. According to PWC, the total global book publisher revenue will increase, growing at a CAGR 1.7%, during the forecast period. Although the physical book publisher’s industry continues to shrink (-2.8%), this decline is offset by growth in e-books which are predicted to grow at a CAGR of 11.7% in the forecast period. Increasing consumer preference for digital versions is expected to significantly impact the growth of the market during this period.

Key Industry Players
Major companies operating in the book publishers market report are Bertelsmann SE & Co. KGaA, Vivendi SA, News Corporation, CBS Corporation, Lagardere SCA, Thomson Reuters Corporation, Wolters Kluwer N.V., Penguin Random House LLC, Pearson plc, Elsevier B.V., Hubert Burda Media GmbH, Hachette Livre S.A., Egmont Group Ltd., HarperCollins Publishers LLC, Springer Nature, John Wiley & Sons Inc., McGraw-Hill Education, Scholastic Corporation, Cengage Learning, Cambridge University Press, Macmillan Publishers Limited, Oxford University Press, Bloomsbury Publishing plc, Faber & Faber Limited, Blackwell Publishing Limited, Hodder & Stoughton Ltd., Canongate Books Ltd., Allen & Unwin Limited, Grupo Planeta, Taylor & Francis Group plc, Chicken House Ltd., Granta Publications Ltd., Hay House Inc.

The book publishers market report table of contents includes:

1. Executive Summary

2. Book Publishers Market Characteristics

3. Book Publishers Market Trends And Strategies

4. Book Publishers Market – Macro Economic Scenario

5. Global Book Publishers Market Size and Growth

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32. Global Book Publishers Market Competitive Benchmarking

33. Global Book Publishers Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Book Publishers Market

35. Book Publishers Market Future Outlook and Potential Analysis

36. Appendix