The Children and Young Adult Books by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Children and Young Adult Books, The children and young adult books market size has grown steadily in recent years. It will grow from $11.76 billion in 2023 to $12.06 billion in 2024 at a compound annual growth rate (CAGR) of 2.6%. The growth in the historic period can be attributed to growth and growth in the young adult population, increasing early childhood reading and increase in book charities and government initiatives.
The children and young adult books market size is expected to see steady growth in the next few years. It will grow to $13.25 billion in 2028 at a compound annual growth rate (CAGR) of 2.4%. The growth in the forecast period can be attributed to rising ebooks and audiobooks, increasing penetration of digital technology and growing preference for independent bookstores . Major trends in the forecast period include offering personalized storybook, focusing on integrating popular video games into books, offer their books under a subscription model. companies should also look at investing in separate self-publishing platform for authors, print on demand services and invest in increasing mergers and acquisitions.
The increase in the disposable income of consumers contributed to the growth of the children and the youth-adult books market. An increase in disposable income boosts consumer purchasing power and increases the probability of consumer spending in leisure activities including reading books. For instance, the national median family income in the US for the fiscal year 2021 was $79,900, an increase from $78,500 in the fiscal year 2020. Therefore, the increase in the disposable income of consumers drove the growth of the children and young adult books market.
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The children and young adult books market covered in this report is segmented –
1) By Type: Print Book, Ebook, Audiobook
2) By Distribution Channel: Online distribution, Offline distribution
3) By End-user: Children (2 to 10 years), Adolescents (11 to 17 years), Young adults (18 to 25 years)
Books publishing companies are increasingly implementing personalized storybooks that allow inserting children’s names, and interests in the story. Most of companies are publishing personalized bedtime storybooks. For instance, Wonderbly publishes a personalized story that lets the children imagine themselves doing some extraordinary things, and it also publishes a book for each age group accordingly. Bookyboo is another company that provides personalized books for children.
The children and young adult books market report table of contents includes:
1. Executive Summary
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