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The Europe - Traditional Book Publishing Market size is estimated to grow at a CAGR of 2.59% between 2022 and 2027. The market size is forecast to increase by USD 3,213.02 million. The growth of the market depends on several factors such growing popularity of printed books in emerging markets of Europe, the rising demand for specialized content, and the growing popularity of book festivals in Europe. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
This report extensively covers market segmentation by application (adults book and children book) and distribution channel (offline and online). It also includes an in-depth analysis of drivers, trends, and challenges.
Europe Traditional Book Publishing Market Forecast 2023-2027
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
The middle-class population in countries like Poland, Romania, and Bulgaria is increasing, resulting in a rise in disposable income for this group. Consequently, individuals who couldn't afford books before can now purchase and enjoy printed books. Book publishers are benefiting from this new customer base. In some European countries, such as Romania, printed books are preferred due to cultural factors. Many readers in emerging markets appreciate the tactile experience, smell, and aesthetic value of physical books. Publishers can use this sentiment to cater to the demand for printed books in these markets. Translated books and titles also play a crucial role in driving the growth of the demand for printed books in emerging markets in Europe.
However, publishers are investing in translating local and international titles into the languages spoken in these markets to ensure readers have access to a diverse range of books and authors from across Europe. Overall, the growing popularity of printed books in emerging markets across This region presents a significant opportunity for traditional book publishers to expand their Europe-traditional book publishing market shares and reach new readers. Such factors drive the growth of the Europe traditional book publishing market during the forecast period.
Print-on-demand(POD) refers to the printing of books only after the order is received. In the global book publishing market, POD is becoming popular. Book publishers are compelled to print limited copies of new titles as the readership for online books is growing. Earlier, Because of its high cost but low quality., POD was not a preferred mode of publishing. Nevertheless, POD is gaining popularity because it helps publishers reduce wastage with the growth of the online book market. Also, authors can print their work at a fraction of the usual cost by eliminating the need for large, offset print runs with the growing traction for POD services.
Moreover, this reduces the huge up-front printing costs or inventory burdens involved. A number of authors, including business writers, travel writers, novelists, and autobiography writers, are opting for POD services due to the advantages they deliver, such as cost-effectiveness, elimination of storage issues, and easy online availability. This creates a huge possibility for authors to showcase their work in the publishing industry, positively driving the growth of the Europe traditional book publishing market during the forecast period.
The overcapacity in the market is one of the major concerns in the traditional book publishing market. The traditional book publishing market in Europe has seen a surge in the number of books being published with advances in technology and easy access to self-publishing. This upsurge in the supply of self-published books has led to a situation where the supply of books outweighs their demand. Therefore, traditional book publishers may struggle to find a market for their titles, leading to reduced sales and limited growth opportunities. Also, readers become used to discounted prices, making it more difficult for book publishers to increase prices in the future.
As a result, to support growth and innovation, the industry as a whole may struggle to generate adequate revenue. However, online retailers usually offer discounted prices and promotions, subsequently strengthening the competition in the market which may have a negative impact on the Europe - traditional book publishing market growth. Therefore, readers who are in search of the most suitable deals may turn to these online or digital platforms, posing a threat to the Europe traditional book publishing market during the forecast period.
The adults book segment is estimated to witness significant growth during the forecast period. Many adults still admire the tactile experience and aesthetic appeal of traditional printed books even though there is a huge acceptance of digital books. Printed books deliver a tangible reading experience that many adult readers still favor.
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The adults book segment was the largest and was valued at USD 19,358.27 million in 2017. Adult readers can explore a wide range of genres and delve into captivating works with offerings from book publishers like Bertelsmann and Bloomsbury. The enduring appeal of physical books and the unique reading experience that these adult books offer, the rising acceptance and popularity of specialty genres that appeal to specific adult audiences, and the promotion of literacy and the reading culture in the region will fuel the growth of the Europe traditional book publishing market in the adults book segment during the forecast period.
Based on the distribution channel, the market has been segmented into offline and online. The offline segment will account for the largest share of this segment.? As many customers still prefer to have an in-store buying experience, Offline stores play a significant role in the purchases of books in the region. Furthermore, improvements in the supply chain network have enabled the offline distribution channel to act as a major driver for the growth of the traditional book publishing market in Europe. There are numerous instances of well-known offline bookstores that have become iconic in their own right in Europe. For instance, is Daunt Books in the UK. With its distinct Edwardian-inspired design and emphasis on travel literature, Daunt Books has become a popular destination for both locals and tourists. The store's carefully curated book collection and inviting atmosphere make it a favored spot for book lovers seeking a remarkable browsing experience which can have a positive impact on the Europe - traditional book publishing market growth. Such factors will drive the growth of the Europe traditional book publishing market through the offline segment during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Allen and Unwin Pty Ltd -The company offers traditional book publishing for around 250 new titles each year including literary and commercial fiction, a broad range of general non-fiction and lifestyle titles and books for children and young adults.
Allen and Unwin Pty Ltd., Arnoldo Mondadori Editore S.p.A., Bertelsmann SE and Co. KGaA, Bloomsbury Publishing Plc, Bonnier, David Fickling Books, Editions Gallimard, Egmont Fonden, Faber and Faber Ltd., Folens Publishing Company Unlimited Co., Galley Beggar Press Ltd., Georg von Holtzbrinck GmbH and Co. KG, News Corp., Nobrow Ltd., Paramount Global, Scholastic Corp., Titan Publishing Group Ltd., Vivendi SE, Yale University, and Klett Gruppe
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The Europe traditional book publishing market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Europe Traditional Book Publishing Market Scope |
|
Report Coverage |
Details |
Page number |
155 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.59% |
Market growth 2023-2027 |
USD 3,213.02 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
2.35 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Allen and Unwin Pty Ltd., Arnoldo Mondadori Editore S.p.A., Bertelsmann SE and Co. KGaA, Bloomsbury Publishing Plc, Bonnier, David Fickling Books, Editions Gallimard, Egmont Fonden, Faber and Faber Ltd., Folens Publishing Company Unlimited Co., Galley Beggar Press Ltd., Georg von Holtzbrinck GmbH and Co. KG, News Corp., Nobrow Ltd., Paramount Global, Scholastic Corp., Titan Publishing Group Ltd., Vivendi SE, Yale University, and Klett Gruppe |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the 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. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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