Global Book Publishing - Industry Market Research Report

Turning the page: Consumers' shift to digital media is stifling industry growth

Global book publishers have had their fair share of ups and downs due to volatile economic conditions and changing consumer preferences. The pandemic slowed physical print releases as supply chains were disrupted and publishers were forced to operate at a limited capacity. While physical bookstores were closed, online retailers could still deliver books directly to consumers' doorsteps, preventing publishers from facing a significant drop-off. Even so, smaller publishers that couldn't keep up were forced to exit because of low profitability. As the effects of the pandemic waned, book publishers faced higher paper prices, causing an uptick in the prices they charged consumers. Still, rising reading activity carried over and consumers were out and about in physical bookstores. Overall, revenue for global book publishing has grown at a CAGR of 0.2%, reaching an estimated $132.4 billion in 2023, including a 1.1% rise in 2023 alone.

This industry comprises enterprises, known as book publishers, that carry out the design, editing and marketing activities necessary for producing and distributing books. These enterprises may publish books in print, electronic or audio form.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.