Trends and Outlook

Revenue Growth

The global book market, including audiobooks, e-books, and print books, is expected to reach $164.22 billion by 2030, with a projected compound annual growth rate (CAGR) of 1.8% from 2024. This reflects the coexistence of digital and physical formats, as readers around the world enjoy reading in various forms.

Coexistence of Digital and Print

While digital books and audiobooks continue to grow, print books are far from disappearing. This market is evolving to meet the diverse needs of consumers, with many readers choosing between print books, e-books, and audiobooks based on the situation.

In conclusion, from 2014 to 2023, the global book market has been characterized by the strong market share of print books, the steady growth of e-books, and the explosive growth of audiobooks. It is expected that in the future, each format will coexist, leading to a balanced market that meets the diverse needs of consumers.

Recently, younger generations experiencing fatigue from fast-paced and stimulating digital media are increasingly finding relaxation through analog text mediums, such as print books and handwritten notes, as part of a digital detox. This trend is leading to the spread of reading culture, particularly among younger generations, through major social media platforms. Hashtags like 'BookTok' and 'Bookstagram' allow users to share their reading experiences, while creators such as BookTubers enhance the popularity of text-based content through reviews and recommendations.