With the advent of the internet and convenient online book reading products and services, the book publisher industry has witnessed several fluctuations over the last few decades. Apart from books, book publisher’s merchandise includes atlases, spiritual books, college or college textbooks, encyclopedias, technical manuals, maps, and journey courses, in all cases excepting distinct internet publishing). The upward thrust in social media and the increasing extent of purchaser records is driving growth and innovation within the book publishing enterprise. E-book publishers will have vast and deep visibility into their customers, vendors, and different stakeholder records. Publishers with the digital-first model are making an investment notably in building in-house statistics and analytics teams. For Instance: With all foremost categories posting will increase, unit sales of print books rose 8.2% in 2020 over 2019 at shops that document to NPD BookScan. For the year ended Jan. 2, 2021, devices hit 750.9 million, up from 693.7 million the year earlier than. The class completed 2020 with a 23.1% increase in print unit income. The strongest subcategories inside the 12 months have been training/reference/language, which had a 55.5% increase, and video games/sports/pursuits, which rose 31.3%. However, businesses were disrupted due to lockdown impedes the growth of the market over the forecast period of 2020-2027. Also, Print-on-demand (POD) model is becoming popular among book publishers as it allows them to control printing and inventory costs. is likely to increase the market growth during the forecast period.
Global Book Publisher Industry Market is valued at approximately USD 85.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 2% over the forecast period 2020-2027 and is estimated to reach USD 100.53 billion by 2027.
The regional analysis of the global Book Publisher Industry market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific is the significant region across the world in terms of market share owing to a large number of customers to read books. Whereas, North America is also anticipated to exhibit the highest growth rate over the forecast period 2020-2027. Factors such as online books would create lucrative growth prospects for the Book Publisher Industry market across the Asia-Pacific region.
Major market players included in this report are Pearson PLC, Bertelsmann, Hachette Livre, China South Publishing & Media Group, Grupo Planeta, Penguin Random House, HarperCollins, Macmillan Publishers, Simon & Schuster, and McGraw-Hill Education
The detailed segments and sub-segment of the market are explained below:
By Type: consumer books, educational books, religious books
By Age group: Below 12 Years, 13 Years to 18 Years, Above 18 Years
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