Book Publishers Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 10/28/2019
SIC Codes: 2731
NAICS Codes: 51113
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Book Publishers Industry Profile

Companies in this industry publish fiction and nonfiction trade books, as well as educational and professional titles, in print and digital formats. The top global book publishers include Penguin Random House (based in the US but jointly owned by the UK's Pearson and Germany's Bertelsmann), Hachette Livre (owned by France's Lagerdere Group), Springer Nature (majority-owned by Germany's Holtzbrinck Publishing Group), McGraw-Hill Education (US), Scholastic (US), John Wiley & Sons (US), and HarperCollins (owned by US-based News Corp).

Global books revenue from all channels is expected to reach about $129 billion by 2023, up from about $122 billion in 2018, according to PricewaterhouseCoopers. Total books revenue is forecast to grow by about 1% per year over the next five years as print revenue declines more slowly, or even rises, in major markets.

The US book publishing industry consists of about 2,600 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $27 billion.

COMPETITIVE LANDSCAPE

Demand for books is driven by demographics and is largely resistant to economic cycles. The profitability of individual companies depends on product development and marketing. Large publishers have an advantage in bidding for new manuscripts or authors. Small and midsized publishers can succeed if they focus on a specific subject or market. The US industry is highly concentrated: the top 50 companies generate about 80% of revenue.

Book publishers face competition for consumer ...

 
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