Books Market Size, Share & Industry Analysis, By Genre (Fiction, Non-fiction, Educational, and Others), By Format (Hard Copy, E-books, and Audiobooks), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, and Others), and Regional Forecast, 2025-2032

The global books market size was valued at USD 136.23 billion in 2024. The market is projected to grow from USD 142.95 billion in 2025 to USD 202.24 billion by 2032, exhibiting a CAGR of 5.08% during the forecast period.

Books are available in different formats, including e-books, hard copies, and audiobooks, which are mainly designed to inform and educate consumers. The increasing literacy rate, along with the rising penetration of digital formats of books, is fueling the demand. Moreover, the growing importance of education and increasing support by the governments of different regions is further expected to boost the market.

Leading players, such as Penguin Random House, Elsevier, Pearson PLC, and others, have been constantly adopting AI-based technologies to broaden their product offerings. They are also expanding into direct sales via author channels or subscription platforms, which contributes to the growth.

Market Dynamics

Market Drivers

Rising Preference of Consumers toward E-books to Foster Market Growth

The rapid penetration of smartphones and the internet has made e-books easily accessible to a wide range of consumers, fostering the e-book market. Moreover, e-books are more affordable than hard-printed books, which reduces their production and distribution costs. This pricing advantage attracts cost-conscious customers, expanding the buyer base and driving market growth during the forecast period. For instance, according to the Pew Research Centre, in 2022, approximately 75% of adults in the U.S. report having read a book in any format within the past year.

Market Restraints

Limited Digital Adoption in Undeveloped Regions to Restrict Market Growth

Many underdeveloped nations have inadequate digital infrastructure, with limited coverage of high-speed internet, restricting access to digital content, including audiobooks and e-books. In these regions, the affordability barriers are also high, which makes it expensive for low-income groups within the region. Furthermore, limited financial resources and an underdeveloped technological infrastructure hinder investments in digital ecosystems.

Market Opportunities

Increasing Government Initiatives to Promote Education to Propel Market Growth

In recent times, governments of different regions have been adopting initiatives to promote education among all age groups of students. These initiatives encourage skill-based talent and experimental learning, contributing to the increased demand for various formats of books. Additionally, governments are promoting digital learning tools by integrating QR codes and e-learning platforms, along with facilitating educational reforms and measures, thus fostering market growth. For instance, according to the New Education Policy 2024 of India, students will have the option to take their 10th and 12th board exams twice a year to alleviate academic stress, starting from the 2025-26 academic session.

Books Market Trends

Growing Social Media Influence in terms of Book Portals to Support Market Expansion

In recent times, authors and publishers have leveraged social media to directly connect with readers, promote new titles, and build loyal communities. These facilities also enable engagement with new and fresh content, which influences the purchase decision of the consumers. Furthermore, platforms such as Instagram and Facebook are widely used for advertising, promotional campaigns, and direct sales links, increasing impulse buying among consumers.

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Segmentation Analysis

By Genre

Increased Demand for Fiction Movies and TV Series to Foster Fiction Segment Growth

Based on genre, the market is divided into fiction, non-fiction, educational, and others.

The fiction segment dominates the market. Fiction, particularly genres such as fantasy, romance, and thrillers, offer immersive storytelling experience, fostering a strong emotional connection with the readers. Furthermore, several fiction books are adapted as films, TV series, and streaming content, which enhances their visibility.

The fiction segment is expected to grow at the fastest CAGR during the forecast period.

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By Format

High Usage of Hard Book Copies in Educational Institutions to Boost Its Segment Growth

Based on format, the market is divided into hard copy, e-books, and audiobooks.

The hard book segment held the majority of the books market share in 2024, accounting for 55.36%. Millennials and Gen Z consumer groups often favor hardcovers, especially for special editions, gifts, or collector’s items. Moreover, hard copy books are mainly preferred for their long-lasting quality, making them more suitable for libraries and educational institutions.

The e-books segment is expected to grow at the fastest CAGR of 6.73% during the forecast period.

By Distribution Channel

Availability of Limited-Edition Books in Specialty Stores to Propel Segment Growth

Based on distribution channel, the market is segmented into supermarkets/hypermarkets, specialty stores, online, and others.

The specialty stores segment is expected to lead the market with a share of 37.17% in 2024. Specialty bookstores offer carefully curated collections focused on specific genres, local literature, and rare editions, attracting readers looking for a unique collection. These stores also include expert recommendations, author consultations, and community events, fostering segment growth.

The online segment is expected to grow at a CAGR of 8.08% during the forecast period.

Books Market Regional Outlook

By region, the global books market analysis is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

North America

North America’s market size in 2023 was valued at USD 46.80 billion, and took the leading position in 2024 with USD 48.67 billion, supported by widespread internet penetration and advanced digital infrastructure. In the U.S., there is a high literacy rate and a large number of avid readers who actively purchase books across formats. The U.S. and Canada are estimated to reach USD 41.88 billion and USD 6.77 billion, respectively, in 2025. Additionally, American publishers and online retailers invest heavily in AI-driven personalization and subscription services.

Asia Pacific and Europe

Asia Pacific and Europe are expected to grow at the fastest CAGR during the forecast period. Asia Pacific’s anticipated growth rate is 7.04% and will achieve the third position in the global market. The region’s strong market size of USD 34.14 billion for 2025 is supported by China and India who will achieve USD 8.08 billion and USD 7.30 billion, respectively, in 2025. Europe has a large local publishing industry, producing a wide variety of titles and fostering a competitive market for books within the region. It is estimated to reach USD 42.10 billion in 2025 and secure the second position. The U.K. will capture USD 6.80 billion, Germany USD 8.02 billion, and France USD 6.60 billion in 2025.

South America and the Middle East & Africa

South America and the Middle East & Africa are also expected to accumulate a substantial share. In 2025, South America is set to record USD 8.81 billion while the Middle East & Africa are set to attain the value of USD 7.28 billion in 2025. Increasing subscription-based reading models and consumer preference for sustainable practices are driving the market in MEA and South America.

Competitive Landscape

Key Market Players

Increasing Partnerships of Authors with Publishers and Educational Institutions to Boost Market Growth

The increasing collaboration between authors and independent publishers allows them to develop textbooks and learning materials aligned with updated curricula. Moreover, partnerships facilitate wider dissemination of books through schools, colleges, universities, and online educational platforms, reaching a wider scale of audience. Additionally, partnerships help publishers identify emerging educational needs and niche subjects, creating new market segments and propelling books market growth.

List of Key Book Companies Profiled in the Report:

• Disney (U.S.)
• Penguin Random House (U.S.)
• Hachette Book Group (U.S.)
• Pearson (U.K.)
• HarperCollins Publishers (U.S.)
• Scholastic Inc. (U.S.)
• Simon & Schuster, Inc. (U.S.)
• McGraw-Hill (U.S.)
• Macmillan (U.S.)
• IDW Publishing (U.S.)

Key Industry Developments

• November 2024– Macmillan launched Folio 1.0 Digital Library, powered by Glassboxx technology. This state-of-the-art digital library offers seamless, scalable access to Macmillan’s extensive collection of eBooks and audiobooks globally.
• October 2024– Amulet Books, a children's novel book publisher, launched a Diary of a Wimpy Kid 3-Book Collection, Special Disney+ Cover Editions, featuring three bestselling books with unique covers inspired by the 3D animated Disney+ movies.
• October 2024 – Penguin Random House India has launched a new range of branded merchandise, including canvas tote bags and notebooks, featuring distinctive designs inspired by Penguin's iconic branding and literary themes.
• May 2024 – Scholastic launched a curated online hub of books and free resources designed to support children's emotional well-being through literacy. The resources include book lists, print, audio, and video materials.
• March 2023– Peppa Pig launched on Disney+ in 19 new markets across Europe, with availability in 25 additional languages. The streaming rollout covers regions including the Balkans, Baltics, Benelux, the U.K., France, Spain, Sweden, Turkey, and more.

REPORT COVERAGE

The market research report provides a comprehensive analysis, focusing on key elements such as major companies, regional and market segmentation, regional analysis, competition landscape, supply chain analysis, and competitive dynamics. Additionally, it offers insights into market trends and highlights significant developments within the book industry. Beyond these aspects, it also examines various factors that have contributed to market growth in recent years.

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Report Scope & Segmentation