Global Books Market to Reach $175.8 Billion by 2030
The global market for Books estimated at US$143.6 Billion in the year 2023, is expected to reach US$175.8 Billion by 2030, growing at a CAGR of 2.9% over the analysis period 2023-2030. Mystery Books, one of the segments analyzed in the report, is expected to record a 3.7% CAGR and reach US$35.4 Billion by the end of the analysis period. Growth in the Romance Books segment is estimated at 2.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $38.4 Billion, While China is Forecast to Grow at 4.7% CAGR
The Books market in the U.S. is estimated at US$38.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$35.4 Billion by the year 2030 trailing a CAGR of 4.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 2.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$22.6 Billion by the year 2030.
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