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TMCNet:  Global Book Publishing Industry Market Research Report from IBISWorld Has Been Updated

[September 25, 2013]

Global Book Publishing Industry Market Research Report from IBISWorld Has Been Updated

(PR Web Via Acquire Media NewsEdge) Los Angeles, CA (PRWEB) September 24, 2013 Lower disposable income hampered consumer spending on books during the past five years. A transition toward digital technology also dented Global Book Publishing industry revenue due to the difficulty of pricing e-books, which are intrinsically different from printed products. The investments necessary to transition toward digital publishing also led to consolidation within the industry; they resulted in a 0.7% annualized decline in firms to 16,308 in the five years to 2013. New forms of entertainment also forced book publishers to increasingly compete with other media, including self-publishers and free e-books. Consequently, the industry is forecast to decline at an annualized five-year rate of 2.6% to total $108.4 billion in 2013, which includes a 2.0% drop in 2013 alone.


Nonetheless, the Global Book Publishing industry is addressing several opportunities. Most markedly, there has been rapid growth in e-books sales, albeit off a very low base. According to IBISWorld Industry Analyst Agata Kaczanowska, “As publishers develop efficient pricing and distribution models for these books, the industry is expected to benefit from lower production costs and higher sales volumes.” Sales volumes are expected to increase because e-books are generally more affordable and more accessible for consumers. They also provide consumers with a wider selection of reading material. Another opportunity for the industry is in the form of rising disposable income and literacy rates in newly industrialized countries like Brazil, Russia, India and China. Consumers in these markets are buying an increasing number of books and represent a significant share of the world population. They are also increasingly educated and, as a result, sales growth of educational and professional titles is expected to have exceeded sales growth of consumer titles. “The transition toward higher-priced education and professional titles and the shift toward e-books are expected to result in industry profit expansion during the next five years,” says Kaczanowska.

Disposable income and literacy growth during the next five years will support industry growth. The increasing use of the internet will facilitate book sales, and the convenience of e-books will also expand the overall book market.

Concentration has increased over the past five years and is expected to increase further over the five years through 2018 as major companies consolidate. Industry operators are increasingly acquiring companies and operations that expand their presence within book publishing and divesting of noncore activities. As a result, the largest industry participants are growing faster than the industry average.

For more information, visit IBISWorld’s Global Book Publishing industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld.

Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189.

IBISWorld industry Report Key Topics Firms in this industry are book publishers and 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.

Industry Performance Executive Summary Key External Drivers Current Performance Industry Outlook Industry Life Cycle Products & Markets Supply Chain Products & Services Major Markets Globalization & Trade Business Locations Competitive Landscape Market Share Concentration Key Success Factors Cost Structure Benchmarks Barriers to Entry Major Companies Operating Conditions Capital Intensity Key Statistics Industry Data Annual Change Key Ratios About IBISWorld Inc.

Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on nearly every US and Global industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2013/9/prweb11153002.htm (c) 2013 PRWEB.COM Newswire

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