The leading companies in the book publishers market are Bertelsmann SE & Co KGaA, Lagardere SCA, Grupo Planeta, News Corporation, Scholastic Corporation, Pearson plc, Vivendi SA, CBS Corporation, Thomson Reuters and Hubert Burda Media.
New York, March 08, 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of Book Publishers Global Market Report 2022 – https://www.reportlinker.com/p06243806/?utm_source=GNW
The global book publisher market is expected to grow from $84.54 billion in 2021 to $89.25 billion in 2022 at a compound annual growth rate (CAGR) of 5.6%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $105.27 billion in 2026 with a CAGR of 4.2%.
The book publisher market includes revenue generated by entities (organizations, sole proprietorships, or partnerships) that engage in design, publishing, and marketing activities necessary for the production and distribution of books. These institutions may publish books in print, electronic or audio form.
Their products include atlases, religious books, school or university textbooks, encyclopedias, technical manuals, maps and travel guides, in all cases except exclusive edition on the Internet). The book publisher market is segmented into consumer books; educational books and religious books.
The main types of book publishers are consumer books, educational books, religious books. Consumer books are books sold to ordinary people.
Novels, cooking, children’s books, biographies and other types of literature are offered. The different age groups include Under 12, 13-18, Over 18 and are distributed through various channels such as online, offline.
Asia-Pacific was the largest region in the book publisher market in 2021. Middle East is expected to be the fastest growing region during the forecast period.
Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
E-book sales are growing rapidly in the established markets of the United States and Europe. E-books generated a higher revenue share than physical print in developed markets such as the US and UK. According to PWC, total global book publisher revenue will grow at a CAGR of 1.7% over the forecast period. Although the physical book publishing industry continues to contract (-2.8%), this decline is offset by the growth of e-books, which are expected to grow at a CAGR of 11.7% over the next forecast period. The growing consumer preference for digital versions is expected to have a significant impact on the market growth during this period.
The coronavirus disease (COVID-19) outbreak acted as a significant drag on some of the book publisher markets in 2020 as businesses were disrupted due to government lockdowns around the world.COVID 19 is an infectious disease with flu-like symptoms, including fever, cough and difficulty breathing.
The virus was first identified in 2019 in Wuhan, Hubei Province in the People’s Republic of China, and has spread around the world, including Western Europe, North America and Asia. taken by national governments to contain transmission have resulted in a decline in economic activity and restricted movement of goods and services with countries entering a state of “lockdown”.
The outbreak has had a negative impact on businesses throughout 2020 and into 2021. However, many media markets have not been affected or have benefited as they transmit their content remotely through digital channels .
The book publisher market is expected to recover from the shock during the forecast period as it is a “black swan event” and not related to any persistent or fundamental market weaknesses. or the global economy.
The print-on-demand (POD) model is becoming popular among book publishers because it allows them to control printing and inventory costs. The print-on-demand (POD) model is characterized by printing the book only after securing the order.
Due to high publishing costs, authors and publishers prefer to keep their work in digital form. Major print-on-demand book service providers include Blurb, CreateSpace, Lightning Source, and Lulu.
Amazon also aims to fully integrate POD technology. It promises to print a book within 2 hours of ordering.
Self-publishers have the most to gain from this technology.
The countries covered in the Book Publishers market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark , Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Venezuela and Viet Nam.
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