Book Retailers in the UK - Industry Market Research Report
Description
Book Retailers in the UK
Book retailer revenue is set to drop by 4.2% over the five years through 2023-24, and growing 0.2% in 2023-24 to reach £963.8 million. COVID-19 lockdowns led to a resurgence in reading; according to Nielsen Books's article in May 2020, 41% of people read more books during the initial national lockdown. Social media platforms like TikTok have also boosted reading among younger folks, helping specific book genres grow. The physical closure of bookshops during lockdown periods restricted the ability of retailers to benefit from the growing demand for books. Since restrictions eased, independent bookshops have increased, by the end of 2022 there were 1072 stores in the UK. This exceptional performance goes against broader retail shop trends in 2022, which saw 11,636 independent shops close in the UK. Book retailers are developing strategies to stay competitive and support local shops and indie publishers are continuing to gain traction.
Industry participants are primarily engaged in the retail sale of new printed books of all genres. Industry operators purchase book titles from publishers or distributors to sell at the retail level. The industry does not include online book retailers that do not operate physical stores (see IBISWorld report G47.910) or second-hand bookshops (see IBISWorld report G47.790).
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.
Book retailer revenue is set to drop by 4.2% over the five years through 2023-24, and growing 0.2% in 2023-24 to reach £963.8 million. COVID-19 lockdowns led to a resurgence in reading; according to Nielsen Books's article in May 2020, 41% of people read more books during the initial national lockdown. Social media platforms like TikTok have also boosted reading among younger folks, helping specific book genres grow. The physical closure of bookshops during lockdown periods restricted the ability of retailers to benefit from the growing demand for books. Since restrictions eased, independent bookshops have increased, by the end of 2022 there were 1072 stores in the UK. This exceptional performance goes against broader retail shop trends in 2022, which saw 11,636 independent shops close in the UK. Book retailers are developing strategies to stay competitive and support local shops and indie publishers are continuing to gain traction.
Industry participants are primarily engaged in the retail sale of new printed books of all genres. Industry operators purchase book titles from publishers or distributors to sell at the retail level. The industry does not include online book retailers that do not operate physical stores (see IBISWorld report G47.910) or second-hand bookshops (see IBISWorld report G47.790).
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
47 Pages
- 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
Major Markets
Globalisation & Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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