The Business Research Company Global Non-Fiction Books Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, UK, April 4, 2022 /EINPresswire.com/ — The adoption of an online sales platform should propel the non-fiction book market growth during the forecast period. With the increasing adoption and access to Internet services around the world, the number of digital buyers keeps increasing every year. Online platforms create significant value by enabling communication and commerce. Moreover, these online platforms have modest operating costs. Bookstores are investing more in online sales channels with the outbreak of the coronavirus and people staying indoors. Online bookstores have also set up an exhibition space for books on health knowledge targeting the epidemic, with a general discount of 20% to 30%. According to the analysis of the non-fiction book market, the volume of books sold in online bookstores is higher than that of traditional bookstores.
The main players covered by the global non-fiction book industry are HarperCollins, Bloomsbury, Scholastic, Pearson, McGraw-Hill Publications, Penguin Random House, Hachette Livre, Thomas Reuters and Elsiever.
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The global non-fiction book market size is expected to grow from $13.27 billion in 2021 to $14.02 billion in 2022 at a compound annual growth rate (CAGR) of 5.7%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $16.61 billion in 2026 with a CAGR of 4.3%.
TBRC’s non-fiction book market overview shows that print-on-demand orders will create lucrative opportunities for major vendors operating in the market as it helps to print books that are in demand and meet to the exact needs of the market. Print-on-demand offers many advantages to the marketplace and remains an important option that overcomes risky investments on a large print run by allowing authors to offer a printed book. The demand for the idea/book is tested using the print-on-demand option and the investment that could have gone into a print run for other crucial steps like cover design and editing is saved, reducing inventory management costs. The African government is committed to using green technologies and innovative solutions to help protect our planet and print on demand is one of them. In August 2021, BookBaby, a leading US-based self-publishing service provider, is expanding production with a new investment in an HP Indigo 100K digital press, delivering more digital printing power to accelerate its growth in the publishing market. HP Indigo digital presses have enabled individuals and small publishers to print unique books efficiently, supporting the modern print-on-demand publishing model.
In September 2021, Hachette Book Group, a United States-based publishing company, acquired Workman Publishing Co., Inc. for an undisclosed amount. Workman Publishing Co., Inc is an American publisher of books and calendars. The Workman program is a powerful complement to HBG’s existing publishing programs, and this acquisition has opened new avenues of growth in exciting directions for HBG.
TBRC’s Global Non-Fiction Book Market report is segmented by Type into Ebook, Print Book, Audiobook, by Category into Religion, Travel, Biography, History/Law/Political Science, Business/Economics, Cooking/Entertainment , computers, crafts/antiques/hobbies/games, performing arts, other, by distribution channel in online sales, bookstores, direct sales.
Global Non-Fiction Books Market Report 2022 – By Type (eBook, Print Book, Audiobook), By Category (Religion, Travel, Biography, History/Law/Political Science, Business/Economics, Cooking/Entertainment, Computers, Crafts /Antiques/Hobby/Games, Performing Arts), by Distribution Channel (Online Sales, Bookstores, Direct Sales) – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports from The Business Research Company that provides Non-Fiction Books market overview, forecast Non-Fiction Books market size and Non-Fiction Books market growth, for overall market, Non-Fiction Books Market Segments, Non-Fiction Books Market Geographies, Non-Fiction Books Market Trends, Non-Fiction Books Market Drivers, Non-Fiction Books Market Constraints, Revenues of the main competitors, prof they and market share of non-fiction books.
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