Global Books, News, and Stationery Retail Market is Forecast to Record Nearly US$570 Billion by 2019

Date: 2015-11-04

The Books, News, and Stationery retail market grew at a moderate pace after witnessing a decline in 2009 due to the global financial crisis and consequent decline in spending. The market for printed media reduced in developed countries, as prices declined on the back of huge discounts offered by online retailers, along with a decrease in demand for printed books, magazines, and newspaper as digital content gained popularity. Significant demand for e-books emerged across the globe, following the introduction of Kindle in the market, a trend later followed by other prominent booksellers by introducing their own e-readers in the market, such as Nook and Kobo. Over the next five years, e-books growth will slow down in developed countries, while e-books penetration is expected to increase in emerging markets.

– The global Books, News, and Stationery retail market is forecast to record nearly US$570 billion by 2019, growing at a CAGR of 5.4%

– A rise in the English-speaking population in China and other non-English speaking countries will drive the demand for international books, while stationery products with fashion and technology elements will become popular

– Online will continue to be the fastest growing channel, at a CAGR of 15%, while music, video, book, stationery, and entertainment software specialists will dominate the global sales but will record minor growth of 3.1%

– Asia-Pacific replaced the Americas as the largest contributor to global Books, News, and Stationery sales in 2011 and is expected to retain its position, expanding at a CAGR of 10.6% 

– China will continue to be the largest market, followed by the US. India will enter the list of the top 10 largest Books, News, and Stationery markets at ninth position

Contact With Us
Join templatemonster at google+
Customized Research
Request Sample