Editoria e Media
Companies In The Children And Young Adult Books Market Are Introducing Audiobooks To Engage Reluctant Readers
The global children and young adult books market size is expected to grow from $10.82 billion in 2021 to $11.34 billion in 2022 at a compound annual growth rate (CAGR) of 4.9%. The children and young adult books market is expected to reach $13.02 billion in 2026 at a CAGR of 3.5%.
The increasing penetration of digital technology such as tablets and smartphones coupled with growing internet penetration is anticipated to boost the children and young adult books market during the forecast period. The increasing penetration of digital technology with the help of the internet and growth in the number of smartphone users and tablet users is contributing to the consumer shift towards online channels for book publishing and reading. For instance, the number of tablets shipped worldwide increased to 168.8 million in 2021, from 163.5 million in 2020. In addition to this, there were 3.6 billion smartphone users in 2020, and it is expected to grow to 4.3 billion by 2023.
The children and young adult books industry is facing major issues of reduced reading habits of children and young adults, limiting the growth of the market in the forecast period. Consumer behavior is witnessing a change, with many people reporting a decline in their reading habits. According to ComfyLiving's 21 Captivating Reading Statistics and Facts for 2021, around 80% of teenagers don't read for pleasure on a daily basis. Another study from New Zealand research also indicates a decline in reading interest. Further, according to a study conducted in Delhi, India , only 20.6% of teenagers preferred reading during their leisure time.
The global children and young adult books market is segmented -
Fiction Books Global Market Report 2022 – By Type Of Fiction (Short Story, Novella, Novel), By Type Of Book (Physical Book, E- Book, Audio Book), By Genre (Action And Adventure, Young Adult, Crime/Mystery, Drama, Horror/Paranormal/Ghost, Science Fiction), By End-User (Children, Young Adults, Adults) – Market Size, Trends, And Global Forecast 2022-2026
Non-Fiction Books Global Market Report 2022 – By Type (EBook, Printed Book, Audio Book), By Category (Religion, Travel, Biography, History/Law/Political Science, Business/Economics, Cooking/Entertainment, Computers, Crafts/Antiques/Hobbies/Games, Performing Arts), By Distribution Channel (Online Sales, Bookstores, Direct Sales) – Market Size, Trends, And Global Forecast 2022-2026
Digital Publishing Global Market Report 2022– By Type (Text Content, Video Content, Audio Content), By End User (Scientific, Technical, And Medical (STM), Legal And Business), By Application (Smart Phones, Laptops, PCs) – Market Size, Trends, And Global Forecast 2022-2026
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