Book Publishing in Canada
The Book Publishing industry in Canada has experienced consistent declines over the five years to 2019. Book publishers provide a range of services for authors including marketing; editing, design and typesetting; sales; and protecting intellectual property. During the five-year period, profit margins are expected to rise. This is mainly attributed to the transition toward the digital space more generally and digital publishing specifically, which is a consequence of increasing fixed broadband connections among Canadians. At present, the number of Canadians connected to the internet is higher than ever and still on the rise. Digital publishing lowers costs for many operators, as it tends to be inexpensive in comparison with the process of publishing physical books. IBISWorld estimates that the industry's revenue will decrease over the five years to 2024. There is no indication that print sales will regain their strength, ultimately leading operators to seek additional revenue from e-books.
Operators in this industry edit and design books, engage in marketing activities and make distribution agreements with operators in the Book, Magazine and Newspaper Wholesaling industry (IBISWorld report 42492). The industry includes e-book publishing, but excludes authors who are part of the Performers and Creative Artists industry (71151) or the Printing industry in Canada (32311CA).
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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