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Global Audiobooks Market: By Genre: Fiction, Non-fiction; By Preferred Device: Smartphones, Laptops and Tablets, Personal Digital Assistants, Others; By Distribution Channel; By Target Audience; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Audiobooks Market Outlook
The global audiobooks market is expected to grow at a CAGR of 24.0% during the period 2022-2027. Asia, North America and Europe are expected to be key markets.
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Global Market Likely to be Driven by Growth in Audiobook Listenership
There has been a significant growth in the global market for audiobooks over the last few years. The growth has been a result of attractive offerings from audiobook service providers, expansion of range of listening alternatives (smartphones, tablets, desktops, smart speakers, etc.), and increase in the number of people taking to audiobooks for various reasons. Audiobooks are especially useful for the visually impaired, and for those who like to read but do not have time. Traditionally, audiobooks have been used by teachers and schools to teach second language learners and students with learning disabilities. Audiobooks have provided an effective means to access and enjoy literature. The global audiobooks market is expected to grow during the forecast period.
An audiobook is a voice recording of the text of a book that may be listened to. you listen to rather than read. An audiobook may be a complete reading of the text, or an abridged version. Audiobooks are generally bought and downloaded just like digital video and music; while these may be bought from online bookstores, there are public domain platforms from which audiobooks may be downloaded for free. Some popular apps and websites offering free and paid access to audiobooks include Apple Books, Audible.com, AllYouCanBooks.com, Project Gutenberg, Downpour, Nook Audiobooks, and OverDrive, among others.
Audiobooks are a strong medium for dissemination of information. Indeed, listening can draw more information (and nuances therein) from the speaker’s inflections. For example, sarcasm is more easily identified and communicated through audio than text in print.
Convenience Offered by Audiobooks Expected to Boost Market Growth
Audiobooks offer the convenience of listening even while doing other tasks, for example, walking, exercising, travelling or performing household chores. Further, audiobooks may be used when one does not feel like reading or in the dark, when it is not practically possible to read a book. Many people like to listen to audiobooks before going to sleep; they simply turn on an audiobook and listen to the audio while drifting into sleep. Such convenience offered by audiobooks is expected to help the growth of the global audiobooks market.
Increase in Listenership is Expected to Continue
Audiobook listenership has been growing. Children’s books form a significant part of audiobook sales. With an increase in children’s smart speaker consumption, popularity of audiobooks among children has also been reported to increase significantly. Further it has been strongly suggested that listening to audiobooks may have a significant positive impact on reading skills and enjoyment; audiobooks may help in the development of reading skills, decoding, and comprehension, and also lead to positive outcomes like wellbeing and emotional intelligence. Youth are also being reported to exhibit growing engagement with audiobooks. It is noteworthy that audiobook consumption is higher among individuals falling in higher income groups. In light of these factors, it is expected that audiobook listenership would continue during the forecast period, boosting market growth.
Market Segmentation
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By genre, the market is segmented into:
- Fiction
- Non-fiction
By preferred device, the market is classified into:
- Smartphones
- Laptops and Tablets
- Personal Digital Assistants
- Others
By distribution channel, the market is classified into:
- One-time Download
- Subscription-Based
By target audience, the market is segmented into:
- Kids
- Adults
By region, the market is divided into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Industry Players in the Global Audiobooks Market
The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Amazon Inc.
- Apple Inc.
- Audible, Inc.
- Barnes and Noble Booksellers, Inc.
- Downpour
- Playster
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2021 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Genre |
|
| Breakup by Preferred Device |
|
| Breakup by Distribution Channel |
|
| Breakup by Target Audience |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Audiobooks Market Analysis
8.1 Key Industry Highlights
8.2 Global Audiobooks Historical Market (2017-2021)
8.3 Global Audiobooks Market Forecast (2022-2027)
8.4 Global Audiobooks Market by Genre
8.4.1 Fiction
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Non-fiction
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.5 Global Audiobooks Market by Preferred Device
8.5.1 Smartphones
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Laptops and Tablets
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Personal Digital Assistants
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Others
8.6 Global Audiobooks Market by Distribution Channel
8.6.1 One-time Download
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Subscription-based
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.7 Global Audiobooks Market by Target Audience
8.7.1 Kids
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Adults
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.8 Global Audiobooks Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Amazon Inc.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Apple Inc.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Audible, Inc.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Barnes and Noble Booksellers, Inc.
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Downpour
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Google
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Playster
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Others
12 Industry Events and Developments
List of Figures and Tables
1. Global Audiobooks Market: Key Industry Highlights, 2017 and 2027
2. Global Audiobooks Historical Market: Breakup by Genre (USD Million), 2017-2021
3. Global Audiobooks Market Forecast: Breakup by Genre (USD Million), 2022-2027
4. Global Audiobooks Historical Market: Breakup by Preferred Device (USD Million), 2017-2021
5. Global Audiobooks Market Forecast: Breakup by Preferred Device (USD Million), 2022-2027
6. Global Audiobooks Historical Market: Breakup by Distribution Channel (USD Million), 2017-2021
7. Global Audiobooks Market Forecast: Breakup by Distribution Channel (USD Million), 2022-2027
8. Global Audiobooks Historical Market: Breakup by Target Audience (USD Million), 2017-2021
9. Global Audiobooks Market Forecast: Breakup by Target Audience (USD Million), 2022-2027
10. Global Audiobooks Historical Market: Breakup by Region (USD Million), 2017-2021
11. Global Audiobooks Market Forecast: Breakup by Region (USD Million), 2022-2027
12. North America Audiobooks Historical Market: Breakup by Country (USD Million), 2017-2021
13. North America Audiobooks Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Europe Audiobooks Historical Market: Breakup by Country (USD Million), 2017-2021
15. Europe Audiobooks Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Asia Pacific Audiobooks Historical Market: Breakup by Country (USD Million), 2017-2021
17. Asia Pacific Audiobooks Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Latin America Audiobooks Historical Market: Breakup by Country (USD Million), 2017-2021
19. Latin America Audiobooks Market Forecast: Breakup by Country (USD Million), 2022-2027
20. Middle East and Africa Audiobooks Historical Market: Breakup by Country (USD Million), 2017-2021
21. Middle East and Africa Audiobooks Market Forecast: Breakup by Country (USD Million), 2022-2027
22. Global Audiobooks Market Structure
Key Questions Answered in the Report
The global audiobooks market is projected to grow at a CAGR of 24.0% between 2022 and 2027.
The major drivers of the market include an increase in the number of people taking to audiobooks for various reasons, easy accessibility of these paperback copies, internet proliferation, and the prevalence of smart home technology.
Attractive offerings from audiobook service providers and expansion of the range of listening alternatives, such as smartphones, smart speakers are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various genres are fiction and non-fiction.
The preferred devices are smartphones, laptops and tablets, and personal digital assistants, among others.
The several distribution channels are one-time download and subscription-based.
The target audiences are kids and adults.
The major players in the industry are Amazon Inc., Apple Inc., Audible, Inc., Barnes and Noble Booksellers, Inc., Downpour, Google, and Playster, among others.
Analyst Review
The global audiobooks market was driven by the expansion of the range of listening alternatives such as smartphones, smart speakers in the historical period. Aided by the prevalence of smart home technology and attractive offerings from audiobook service providers, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 24.0%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The various genres are fiction and non-fiction. The preferred devices are smartphones, laptops and tablets, and personal digital assistants, among others. The several distribution channels are one-time download and subscription based. The target audiences are kids and adults. The major regional markets for audiobooks market are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The major players in the industry are Amazon Inc., Apple Inc., Audible, Inc., Barnes and Noble Booksellers, Inc., Downpour, Google, and Playster, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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