Industry

Fiction Books Market 2023 – Market Insights, Industry Drivers, Market Size, Share And Forecast To 2032 | Penguin Random House LLC, Hachette Livre, HarperCollins Publishers LLC, Macmillan Publishers, Simon & Schuster Inc.

The Fiction Books Global Market Report 2024 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 (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).

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According to The Business Research Company’s Fiction Books Global Market Report 2024, The fiction books market size has grown steadily in recent years. It will grow from $10.81 billion in 2023 to $11.05 billion in 2024 at a compound annual growth rate (CAGR) of 2.2%. The growth in the historic period can be attributed to publishing industry growth, reader demand, literary awards and recognition, digital publishing, adaptations and media.

The fiction books market size is expected to see steady growth in the next few years. It will grow to $12.01 billion in 2028 at a compound annual growth rate (CAGR) of 2.1%. The growth in the forecast period can be attributed to diversity and inclusivity, personalized reading recommendations, indie and self-published authors, global reach, sustainability and eco-friendly publishing. Major trends in the forecast period include genre blending, short fiction and anthologies, virtual book events, book subscription services, interactive and immersive formats.

The sales 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. For instance, according to the Association of American Publishers, a US-based trade association of the American book publishing industry, for the first time this year, digital book sales in the US in August 2022 increased by 2.7%. Over $90.7 million was generated by e-book sales. The preference of individuals to buy books online is primarily due to the broad choice, cost savings due to offers and discounts, and convenience of buying anytime and from any location. Therefore, online shopping of books is boosting the fiction book market.

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The fiction books market covered in this report is segmented –

1) Fiction Books Market By Type of Fiction: Short Story; Novella; Novel
2) Fiction Books Market By Type of Book: Physical Book; E- Book; Audio Book
3) Fiction Books Market By Genre: Action And Adventure; Young Adult; Crime/Mystery; Drama; Horror/Paranormal/Ghost; Science Fiction; Other Genres
4) Fiction Books Market By End-User: Children; Young Adults; Adults

Top Major Players

Penguin Random House LLC

Hachette Livre

HarperCollins Publishers LLC

Macmillan Publishers

Simon & Schuster Inc.

The fiction books market report table of contents includes:

1. Executive Summary

2. Fiction Books Market Characteristics

3. Fiction Books Market Trends And Strategies

4. Fiction Books Market – Macro Economic Scenario

5. Global Fiction Books Market Size and Growth