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Non-Fiction Books Global Market Size | Share Soars to $16.94 Billion By 2028 with 2.9% Growth | Key Players: HarperCollins Publishers LLC, Bloomsbury Publishing PLC, Scholastic Corporation, Pearson PLC, McGraw Hill LLC
Non-Fiction Books Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Non-Fiction Books industry. This report on Non-Fiction Books market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The non-fiction books market size has grown steadily in recent years. It will grow from $14.62 billion in 2023 to $15.1 billion in 2024 at a compound annual growth rate (CAGR) of 3.3%. The growth in the historic period can be attributed to educational curriculum, biographies and memoirs, self-help and personal development, cultural and social relevance, research and professional development. The non-fiction books market size is expected to see steady growth in the next few years. It will grow to $16.94 billion in 2028 at a compound annual growth rate (CAGR) of 2.9%.
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Key Market Players:
HarperCollins Publishers LLC, Bloomsbury Publishing PLC, Scholastic Corporation, Pearson PLC, McGraw Hill LLC, The Progressive Corporation are prominent players in the Non-Fiction Books industry.
Market Drivers:
The adoption of an online sales platform is expected to propel the non-fiction books market growth during the forecast period. With the increasing adoption and access to internet services globally, the number of digital buyers keeps increasing every year. Online platforms create significant value by enabling communication and trade. Besides, these online platforms have modest operating costs. Bookstores are investing more in online sales channels with the onset of COVID-19 and people staying indoors.
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Market segments for Non-Fiction Books include:
1) By Type: eBook, Printed Book, Audio book
2) By Category: Religion, Travel, Biography, History/Law/Political Science, Business/Economics, Cooking/Entertainment, Computers, Crafts/Antiques/Hobbies/Games, Performing Arts, Other Categories
3) By Distribution channel: Online sales, Bookstores, Direct Sales
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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