The global books market size is expected to reach USD 192.12 billion by 2030, expanding at a CAGR of 4.2% during the forecast period, according to a new report by Grand View Research, Inc. Increasing consumer expenditure on books, fueled by rising incomes and interest, as well as ongoing format improvements that have improved the entire reading experience, are among the primary reasons driving the book business forward. Independent publishers have been on a rise in the recent past. According to Linchpin SEO, there were approximately 69,709 independent publishers in the book industry as of 2020. In response to the apparent monopoly in traditional publishing, excluded individuals have turned to independent publishers not associated with large publishing houses.

While traditional publishing companies seek to corner the market, independent publishers provide an opportunity for diversity and inclusion among authors and niches. These publishers are smaller and, in some cases, completely digital and that is the key behind their numbers increasing year on year. Along with this, most large publishers are privately owned. So, it is difficult to assess the number of books being sold globally and the revenue that is generated from it.

The growing trend of the reverse supply chain, also known as re-commerce, offers new opportunities for selling used books. Re-commerce exemplifies the growing trend toward transforming consumption through reuse. Thus, re-commerce retailers such as Momox, reBuy, and Quoka.de are the biggest drivers of the industry. While printed books are irreversibly on a path of decline, it remains an extremely large market for print. Business model changes have shifted control over the value chain to authors and retailers, making demand unpredictable. Digital production inkjet print technology opens the window for book manufacturers to respond to compressed patterns of demand through labor and inventory cost savings.

Gather more insights about the market drivers, restrains and growth of the Books Market

Books Market Report Highlights

• North America is expected to contribute a majority of the share to become the largest division in the global revenue in 2024. The existence of a high number of independent publishers and publishing companies in the region is expected to spur regional market growth. A wide network of wholesalers and distributors around the region also makes it easier for readers to find books in various forms

• For many readers, literary fiction provides a much-needed escape from everyday life. This effect is even more pronounced in the fantasy genre, where—untethered from scientific and societal laws are limited only by their imagination—fantasy authors explore themes by creating their worlds

• During the forecast period, the local book shops segment is expected to account for the largest market share. Independent bookstores play an important role in the communities they serve, serving a safe haven for children after school to a fun way for a group of friends to spend a Saturday afternoon. According to an article released by indigo9digital, the number of independent bookshops in the United States declined by 40% between the mid-1990s and 2009.

Books Market Segmentation

Grand View Research has segmented the global books market on the basis of type, category, format, distribution channel, and region:

Books Type Outlook (Revenue, USD Billion; 2018 - 2030)

• Science

• Historical

• Mystery

• Fantasy

• Literary

• Contemporary /Realistic

• Romance

• Educational

• Comic

• Others

Books Category Outlook (Revenue, USD Billion; 2018 - 2030)

• Fiction

• Non-fiction

Books Format Outlook (Revenue, USD Billion; 2018 - 2030)

• Hard Copy

• E-book

• Audiobook

Books Distribution Channel Outlook (Revenue, USD Billion; 2018 - 2030)

• Online

• Local Book Shops

• Mass Merchandisers

• Specialty Bookstores

Books Regional Outlook (Revenue, USD Billion; 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o UK

o France

o Italy

o Spain

• Asia Pacific

o China

o India

o Japan

o Australia

o South Korea

• Latin America

o Brazil

• Middle East & Africa

o South Africa

List of Key Players in Books Market

• Penguin Random House

• Hachette Book Group

• HarperCollins Publishers

• Simon & Schuster, Inc.

• Pearson

• Macmillan Publishers

• Scholastic Inc.

• Marvel Comics

• Morris Publishing

• IDW Publishing

Order a free sample PDF of the Books Market Intelligence Study, published by Grand View Research.