Book Publishing in the US - Industry Market Research Report

Book Publishing in the US - Industry Market Research Report

Book Publishing in the US

The Book Publishing industry has been on a downward spiral as external threats mount and erode revenue. As industry enterprises resumed production in 2021 following the adverse influence of the pandemic, sales have rebounded, temporarily buoying the industry. However, the industry remains pressured, with pent-up demand for books having largely been satisfied as of 2021, while continued rising prices of paper, a major input, have made production costs for books more expensive, resulting in higher prices hurting industry demand. Industry revenue is expected to decrease at a CAGR of 2.3% to $40.9 billion over the five years to 2023, including an estimated 0.1% slide in 2023 alone, as profit shrinks to 5.7% of revenue.

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 (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.