Audiobook Publishing in the US - Industry Market Research Report
Description
Audiobook Publishing in the US
The Audiobook Publishing industry has exhibited strong growth as consumer demand for audiobooks has flourished. The simultaneous rise of the digital audiobook format and accelerated smartphone usage has made audiobooks more accessible to a broader audience than ever before. Shifting media consumption habits among consumers have primarily been in favor of audiobooks. Stoked by the increasing popularity of podcasts and online radio shows, consumers have turned to audiobooks as a convenient form of entertainment and education. Audiobook sales underwent significant expansion during the pandemic, even as sales of print books declined, as consumers following social-distancing measures flocked to digital media consumption. Overall, increased accessibility and shifting consumer preferences have resulted in outsized growth. Audiobook publishing revenue is estimated to increase an annualized 8.3% to $1.6 billion over the five years to 2023, including 5.6% growth in 2023 alone, as profit labors to 3.2%.
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.
The Audiobook Publishing industry has exhibited strong growth as consumer demand for audiobooks has flourished. The simultaneous rise of the digital audiobook format and accelerated smartphone usage has made audiobooks more accessible to a broader audience than ever before. Shifting media consumption habits among consumers have primarily been in favor of audiobooks. Stoked by the increasing popularity of podcasts and online radio shows, consumers have turned to audiobooks as a convenient form of entertainment and education. Audiobook sales underwent significant expansion during the pandemic, even as sales of print books declined, as consumers following social-distancing measures flocked to digital media consumption. Overall, increased accessibility and shifting consumer preferences have resulted in outsized growth. Audiobook publishing revenue is estimated to increase an annualized 8.3% to $1.6 billion over the five years to 2023, including 5.6% growth in 2023 alone, as profit labors to 3.2%.
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.
Table of Contents
46 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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