Global Book Printing Market Outlook 2019-2024: The Return

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Dublin, Jan. 24, 2019 (GLOBE NEWSWIRE) — The report “Book Printing Market – Global Outlook and Forecast 2019-2024” has been added to from ResearchAndMarkets.com offer.

The global book printing market is expected to reach values ​​of approximately $49 billion by 2024, growing at a CAGR of over 1% during the period 2018-2024.

The growing preference for offset printers and increasing adoption of small and large scale digital printing capabilities are expected to transform the market over the next few years. The upward trend in demand for shorter run print jobs, fueled by increasing self-publishing and print-on-demand orders, will create lucrative opportunities for major vendors operating in the market. .

The global book printing market is driven by business consolidation and the growing number of self-publishing opportunities. The introduction and adoption of digital printing capabilities will revolutionize the global market over the next few years. The market research report provides in-depth market analysis and segmental analysis of the global book printing market by type, revenue channels and geography.

Book Printing Market – Dynamics

The increase in sales of printed books signals the return of readers and customers to this format. With the help of declining sales and demand for e-books, print books are enjoying lasting appeal and demand. Books become precious possessions and convey an image of objects of beauty. Reading has also been one of the favorite pastimes of people of all ages around the world, second only to watching TV and listening to music. Book publishers and printers now invest a lot of time and resources to create beautiful and attractive books.

E-commerce platforms provide opportunities for direct and indirect book printing customers. Customers include publishers, authors and agents who use online platforms to place their orders with book publishers and manufacturers. Such developments in the marketplace enable book publishers and retailers to expand their customer base from large corporations to an increased number of small customers and individuals. The trend of book publishers and traders to expand their customer base and target customers is generating a further increase in book printing jobs, thereby driving the global book printing market.

Book Printing Market – Segmentation

This market research report includes detailed market segmentation by type, revenue channels and geography. The book printing market by type is categorized into children’s books, educational and professional books, hobby and lifestyle books, and other books.

Leisure and lifestyle books dominated over a third of the total market share in 2018, growing at a CAGR of over 1% during the forecast period. Rapid changes in consumer lifestyle and exponential increase in marketing and advertising activities are having a positive impact on the growth and development of this segment in the global market. The use of expensive glossy paper and color printing technologies is one of the major factors contributing to the revenue of this segment in the global market.

The printed children’s book market is facing intense competition from several substitutes, some even backed by scientific research, to retain a significant share of time usage. The share of time use is split between several daily activities, including study and school time, toys, indoor and outdoor games, and an increasing amount of organized digital content for children.

The revenue channel segment in the global book printing market is divided into publishers and self-publishing. Self-publishing is the fastest growing segment in the global market, growing at a CAGR of around 17% over the forecast period. Self-publishing is the upcoming trend, which is gaining momentum among independent authors in the global market. Self-publishing is a very cost-effective way to publish a book because it removes the need for publishers and book agents in the marketplace.

This method encourages small freelance writers to market their work to a large group of consumers at a significantly lower price. The books are also available to consumers through the publisher’s online shopping websites as well as direct-to-consumer online publishing and distribution channels such as Amazon KDP, Draft2Digital, Barnes & Noble, and Pronoun.

Online sales accounted for more than 40% of the book distribution channel, while sales from mass merchants and bookstores accounted for the remaining share. The main reasons for the surge in online sales in major toy markets are the availability of variety and instant price comparison.

Book Printing Market – Geography

The global book printing market by geography is segmented into APAC, Europe, North America and ROW. APAC held the largest market share in 2018, growing at a CAGR of around 2% during the forecast period. Accelerating export growth and rapidly changing consumption patterns offer lucrative opportunities for business expansion in the APAC market.

Trade liberalization is one of the major factors attributing to the growth of the APAC market. Major vendors are refocusing and redefining new product development and partnering with companies to expand their business into new regions of the APAC market.

Publishers’ revenues in the United States are seeing steady growth in leisure and lifestyle books. This can be attributed to the increased investment and concentration of marketers in travel retail and advertising. The increase in end-users’ annual savings and their feelings of increased spending due to the economic recovery are enabling the increase in demand for printed books in American households. Printed books are also one of the most treasured gifts among several age groups.

Analysis of the main suppliers

The global book printing market is highly fragmented, with the majority of companies coming from the United States, China and Hong Kong. Major vendors are focusing on adopting small and large scale digital printing capabilities to sustain the intense competition in the global market. The recent trend of self-publishing and print-on-demand orders is expected to transform the level of competition in the market.

The popularity of digital commerce and publishing platforms will create lucrative opportunities for major players in the global market. The latest innovations in printing technologies will help vendors increase their profitability in the global book printing market.

The major vendors in the global book printing market are:

  • RR Donnelley & Sons
  • Quad Charts
  • Communications LSC
  • CPI Enterprise

Key companies to watch in the global book printing market are:

  • Toppan Printing Co
  • Bertelsmann

Main topics covered:

1 Research methodology

2 research objectives

3 Research process

4 Cover of the report
4.1 Market Definition
4.2 Base year
4.3 Scope of the study

5 Report assumptions and caveats
5.1 Main caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency conversion
5.5 Market Derivation

6 The market at a glance
7 Presentation
7.1 Overview
7.1.1 Book Publishing Value Chain and Book Printing Revenue Channels
7.1.2 Use of print in advertisements

8 Market dynamics
8.1 Market Growth Catalysts
8.1.1 Increased focus on education and student enrollment
8.1.2 Increased access to improved book printing services
8.1.3 Growing Popularity of Literature Festivals Around the World
8.1.4 Online sales and digital publishing platforms boost revenue
8.2 Constraints to Market Growth
8.2.1 Increase the delivery of information and entertainment via connected devices
8.2.2 Substitutes for Printed Books and Textbooks Expected to Gain Demand
8.2.3 Availability of Counterfeit and Used Books
8.3 Market Opportunities and Trends
8.3.1 The return of the print
8.3.2 Self-publishing and short-run digital printing
8.3.3 Innovations in raw materials and printing technologies

9 Global book printing market
9.1 Market Overview
9.2 Porter’s Five Forces Analysis

10 By type of book
10.1 Market Overview
10.2 Hobbies and lifestyle
10.3 Educational and professional books
10.4 Children’s books
10.5 Other books

11 By revenue channel
11.1 Market Overview

12 By geography

Key Company Profiles

  • RR Donnelley & Sons
  • Quad Charts
  • Communications LSC
  • CPI Enterprise

Top Companies to Watch

  • Toppan Printing Co
  • Bertelsmann

Other Important Suppliers

  • Command companies
  • Walsworth
  • Transcontinental Inc.
  • Bonacia
  • Little ink fingers
  • Marquis
  • China South Publishing & Media Group Co Ltd
  • Asia Korea Printing Inc
  • Lion’s Rock Group
  • CTPS

For more information about this report visit https://www.researchandmarkets.com/research/k7n4mv/global_book?w=12

Research and Markets also offers custom research services providing targeted, comprehensive and personalized research.


        
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