The Business Research Company’s Children And Young Adult Books Market : Global Forecast To 2030
LONDON, GREATER LONDON , UK, September 13, 2021 /EINPresswire.com/ — According to the new market research report ‘Children And Young Adult Books Market: Opportunities And Strategies – Global Forecast To 2030’ published by The Business Research Company, the global children and young adult books market is expected to grow from $16.88 billion in 2020 to $18.2 billion in 2021 at a compound annual growth rate (CAGR) of 7.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $21.95 billion in 2025 at a CAGR of 4.8%. The increase in the disposable income of consumers contributed to the growth of the children and the youth-adult books market.
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The children and young adult books market consists of revenues generated by entities (organizations, sole traders, or partnerships) that carry out the writing, editing, and marketing activities necessary for producing and distributing children and young adult books. These establishments may publish books in print, electronic, or audio form. Only goods and services traded between entities or sold to end consumers are included.
Trends In The Global Children and Young Adult Books Market
Companies in the children and young adult books market are focusing on offering personalized storybooks for creating more engaging content and giving a better experience. Personalized storybooks are sold online and allow children’s names, addresses, and their likes and dislikes to be inserted into a story book, and allows the characters to look like the children. These books are liked by children because they are specially made for them and feature children or their friends and family members as story heroes. For instance, UK based Bang On Books provides personalized adventure books for kids where they become the main character. It allows customers to choose from several different stories online before customizing them with the child’s details like photographs. Moreover, companies are increasingly offering books based on popular video games. The growing popularity of video games ensures that the books based on popular video game characters help kids generate interest in reading and telling new stories about their favorite video games. With new games being published there is also an opportunity for crossovers and a combination of the book and the videogame to create a multifaceted immersion. For instance, popular book companies like Barnes & Noble and Penguin Books offer a range of books based on video games like Pokémon, Super Mario, Angry Birds, Sonic, Daniel X, and others.
Global Children and Young Adult Books Market Segments:
The global children and young adult books market is further segmented based on type, end user, distribution channel and geography.
By Type: Print Book, E-book, Audiobook
By End User: Children, Adolescents, Young Adults
By Distribution Channel: Online Distribution, Offline Distribution
By Geography: The global children and young adult books market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Children and Young Adult Books Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides children and young adult books global market overviews, analyzes and forecasts market size and growth for the global children and young adult books market, children and young adult books global market share, children and young adult books global market players, children and young adult books market segments and geographies, children and young adult books market’s leading competitors’ revenues, profiles and market shares. The children and young adult books market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Children and Young Adult Books Market Organizations Covered: Penguin Random House, Hachette Livre, Holtzbrinck Publishing Group, HarperCollins Publishers, Scholastic.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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