Audiobook Market in Europe by Age Group and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR70577
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The audiobook market in Europe has the potential to grow by USD 1.23 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 18.61%.

This audiobook market in Europe research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by age group (adult and kids) and geography (Germany, the UK, the Netherlands, France, and the rest of Europe). The audiobook market in Europe report also offers information on several market vendors, including Alphabet Inc., Amazon.com Inc., Apple Inc., Barnes & Noble Inc., DOWNPOUR, OverDrive Inc., Penguin Random House LLC, Rakuten Inc., Storytel AB, and W.F.HOWES LTD among others.

What will the Audiobook Market Size in Europe be in 2021?

Audiobook-Market-In-Europe-Market-Size-2020-2025

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Audiobook Market in Europe: Key Drivers and Trends

The benefits and reader engagement of audiobooks is notably driving the audiobook market in Europe growth, although factors such as the growing number of privacy breaches may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the audiobook market industry in Europe get your FREE report sample now.

  • Audiobooks were initially targeting adult consumers and professionals. However, they are gaining popularity among other age groups with the integration of the latest interactive technologies.
  • Gaming has been increasing the popularity of audiobooks.
  • Providing links to games that are based on a story and its characters in between or toward the end helps children relate to and remember the story. All these features, along with the traditional aspects of story plots and illustrations, are making audiobooks popular among professionals, children, and others.
  • The above-mentioned factors are driving the growth of the audiobook market in Europe.

This audiobook market in Europe analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Audiobook Market in Europe Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alphabet Inc.
  • Amazon.com Inc.
  • Apple Inc.
  • Barnes & Noble Inc.
  • DOWNPOUR
  • OverDrive Inc.
  • Penguin Random House LLC
  • Rakuten Inc.
  • Storytel AB
  • W.F.HOWES LTD

 

The audiobook market in Europe is fragmented and the vendors are deploying growth strategies such as M&As to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the audiobook market in Europe forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Audiobook Market in Europe?

Audiobook-Market-In-Europe-Market-Share-by-Region-2020-2025

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32% of the market’s growth will originate from Germany during the forecast period. Market growth in this region will be slower than the growth of the market in the UK.

Germany is one of the largest audiobook markets in the world, 30,000 titles from 400 publishers are available in the country with between 800 to 1000 new audiobooks being produced every year. The rising product launches will facilitate the audiobook market in Germany over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Age Group Segments in the Audiobook Market in Europe?

Audiobook-Market-In-Europe-Market-Share-by-Age Group-2020-2025

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The growth of the audiobook market share in Europe by the adult segment is expected to be significant during the forecast period. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the audiobook market size in Europe.

 

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What are the Key Factors Covered in this Audiobook Market in Europe Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive audiobook market growth in Europe during the next five years
  • Precise estimation of the audiobook market size in Europe and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the audiobook industry across Germany, the UK, the Netherlands, France, and Rest of Europe
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of audiobook market vendors in Europe

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Audiobook Market In Europe Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 19%

Market growth 2021-2025

$ 1.23 billion

Market structure

Fragmented

YoY growth (%)

16.12

Regional analysis

Germany, UK, The Netherlands, France, and Rest of Europe

Performing market contribution

Germany at 32%

Key consumer countries

Azerbaijan, Australia, Austria, Angola, and Afghanistan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Alphabet Inc., Amazon.com Inc., Apple Inc., Barnes & Noble Inc., DOWNPOUR, OverDrive Inc., Penguin Random House LLC, Rakuten Inc., Storytel AB, and W.F.HOWES LTD

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five Forces Analysis
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Age group

    • Market segments
    • Comparison by Age group
    • Adult - Market size and forecast 2020-2025
    • Kids - Market size and forecast 2020-2025
    • Market opportunity by Age group

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • Germany - Market size and forecast 2020-2025
    • UK - Market size and forecast 2020-2025
    • The Netherlands - Market size and forecast 2020-2025
    • France - Market size and forecast 2020-2025
    • Rest of Europe - Market size and forecast 2020-2025
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Competitive scenario
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Alphabet Inc.
    • Amazon.com Inc.
    • Apple Inc.
    • Barnes & Noble Inc.
    • DOWNPOUR
    • OverDrive Inc.
    • Penguin Random House LLC
    • Rakuten Inc.
    • Storytel AB
    • W.F.HOWES LTD

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The audiobook market growth will increase by $1239.35 million during 2020-2025.
    The audiobook market is expected to grow at a CAGR of 18.61% during 2020-2025.
    Technavio has segmented the audiobook market by other1 (Adult and Kids) and geographic (Germany, UK, The Netherlands, France, and Rest of Europe).
    Alphabet Inc., Amazon.com Inc., Apple Inc., Barnes & Noble Inc., DOWNPOUR, OverDrive Inc., Penguin Random House LLC, Rakuten Inc., Storytel AB, W.F.HOWES LTD are a few of the key vendors in the audiobook market.
    Germany will register the highest growth rate of 32.28% among the other regions. Therefore, the audiobook market in Germany is expected to garner significant business opportunities for the vendors during the forecast period.
    • Azerbaijan
    • Australia
    • Austria
    • Angola
    • Afghanistan
    The key factors driving the audiobook market growth are:
    • Benefits and reader engagement of audiobooks
    The audiobook market vendors should focus on grabbing business opportunities from the adult segment as it accounted for the largest market share in the base year.
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