Over the five years to 2018, the Audiobook Publishing industry has exhibited strong growth as consumer demand for audiobooks has increased. In particular, the simultaneous rise of the digital audiobook format and increased smartphone usage have made audiobooks more accessible to a wider audience than ever before. Moreover, consumers are finding value in subscription-based audiobook services because of the convenience and flexibility such services provide. Over the five years to 2023 the industry is projected to continue growing, albeit at a slower pace. IBISWorld expects gradual market acceptance to be the primary factor resulting in slowed growth.
Establishments in this industry primarily edit and design audiobooks. Additionally, industry operators engage in marketing activities and handle distribution agreements with wholesalers, brick-and-mortar and online stores. This industry excludes work completed by authors or disc manufacturers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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