The Book Market Report by Technavio Reveals the Global Book Market Growth of USD 33.21 Billion by 2027

The worldwide books market is divided into five geographical regions: North America, Europe, APAC, South America, and the Middle East and Africa.

on Feb 01, 2023

The Book Market Report by Technavio Reveals the Global Book Market Growth

The study "Books Market by Type, Distribution Channel, and Geography - Forecast, and Analysis 2023-2027" was published by Technavio. Market size is projected to grow by USD 33.21 billion between 2022 and 2027.

The growth rate will accelerate at a CAGR of 5.43%. The study provides a complete analysis of current trends, new product launches, possible regional development, and market recovery following the pandemic.

The worldwide books market is divided into five geographical regions: North America, Europe, APAC, South America, and the Middle East and Africa. During the anticipated timeframe, APAC will generate 38% of market growth. North America is another location where providers might see tremendous development potential. The adoption of education hardware systems is being accelerated by schools' growing usage of hardware like interactive whiteboards (IWB), tablets, and hardware for simulation-based learning.

These innovations provide an environment for online learning, which is anticipated to hasten the uptake of these textbooks and increase regional market expansion throughout the projection period.

Trends, including the rising popularity of eBooks, the use of gamification in interactive learning, and the expanding use of interactive books for early literacy, fuel the industry. But digital addiction is impeding business expansion.