The Book Publishing industry has undergone some restructuring over the five years to 2016 to adapt to evolving consumer preferences and shifting technology. With slow growth in per capita disposable income during the past five years, bookstore demand declined, reducing industry sales. However, rising college enrollment and a new nationwide K-12 standard are expected to generate higher demand for textbooks during the five years to 2021. Meanwhile, publishers will intensify their focus on e-books, which will represent a growing proportion of book sales over the period.
The Book Publishing industry edits and designs books. Book publishers also engage in marketing activities and make distribution agreements with operators in the Book, Magazine and Newspaper Wholesaling industry (IBISWorld report 42492). The industry does not include authors, who are part of the Performers and Creative Artists industry (IBISWorld report 71151).
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.