How big is the book industry?
The global books market size was valued at USD 132.1 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 2.4% from 2021 to 2028. Technological innovations in the industry, with the advent of audio- and video-based e-books, are attracting consumers across regions.
How much money did the book industry make in 2020?
The Association of American Publishers released its final report on 2020 industry sales today, and the figures show another flat year, with sales down 0.2% compared to 2019, slipping to $25.71 billion.
Is the book industry dying?
However, contrary to popular belief, the industry is not at risk of dying – far from it. In fact, the industry has seen growth in the last few years, with book sales increasing in value by 1.4% in 2018 (according to Nielsen BookScan) – small growth, but growth nonetheless.
Are book sales declining?
Bookstore sales fell 28.8% in October compared to 2019, according to preliminary estimates released by the U.S. Census Bureau. Sales were $446 million, down from $627 million in October 2019.
How much is the book industry?
How much is the book industry worth? In 2019, the worldwide publishing industry had gross sales of $258.7 billion, reflecting a CARC of -0.2 percent between 2015 and 2019. More specifically, in 2019, the books sector was the most profitable with gross sales of $128.2 billion, or 49.6% of the market’s overall valuation.
What is the book industry called?
Publishing is the activity of making information, literature, music, software and other content available to the public for sale or for free. Traditionally, the term refers to the creation and distribution of printed works, such as books, newspapers, and magazines. Self-publishing has become very common.
What is NPD BookScan?
NPD BookScan™ is the gold standard in POS tracking for the publishing market. It covers approximately 85 percent of trade print books sold in the U.S., through direct reporting from all major retailers, including Amazon, Barnes & Noble, Walmart, Target, independent bookstores, and many others.
Did book sales increase 2020?
Printed book sales amounted to 750.89 million units in 2020, marking growth of 8.2 percent, the highest year-on-year increase since 2010.
How much is the book industry worth 2021?
The market size, measured by revenue, of the Book Publishing industry is £5.7bn in 2021.
What are the statistics for the book industry?
The book industry has faced challenges ranging from the increased popularity of digital media to the hardships faced by retail bookstores, but in the United States books remain an important part of consumers’ daily lives. Print book sales figures have improved over the last five years and unit sales now amount to over 650 million per year.
How big is the US book publishing market?
Statista offers some remarkable statistics & facts about the U.S. book publishing market, which gives you some interesting insights. The revenue from the global book publishing market is forecast to slightly increase in the coming years, growing from around 113 billion U.S. dollars in 2015 to about 123 billion U.S. dollars by 2020.
When did the book market start to decline?
Unit sales of published books in the U.S. saw a decline from 2008 until 2012, reaching the lowest figure of the last decade that year. After 2012, sales of printed books started to gain momentum, and have slightly increased up until 2015. Sales figures aside, published books are still the preferred format of 65 percent of book readers in the U.S.
How many books are sold in the US each year?
675 million print books were sold last year in the U.S. alone, and relatively new book formats such as e-books and audiobooks are already bringing in billions of U.S. dollars in revenue each year. With such a reliable global market, there is money to be made at many levels.
