How big is the book industry?

The Association of American Publishers (AAP) today released the StatShot Annual report for calendar year 2020, estimating that the U.S. book publishing industry generated $25.71 billion, a slight decrease of 0.2% from 2019 revenue of $25.77 billion.

Are book sales increasing or decreasing?

Both publishers and booksellers celebrated the news that print book sales were up 9.1 percent last year. According to Publishers Weekly, booksellers sold 825.7 million books in 2021, up from 757.9 million in 2020.

Is book publishing a dying industry?

At the same time, NPR reported, “Publishing is having a great year,” and if you stick with the surface numbers, NPR nailed it. In 2021, U.S. publishers sold 8.9% more print books than the year before. Despite pandemic-related obstacles, 825.7 million units were purchased last year.

Is the book industry thriving?

The book marketplace continues to remain stable. According to recent AAP figures, overall publisher revenue for 2017 was basically flat at $14.7 billion, up $57.5 million (+0.4%) from 2016. Notable trends during this time period include a rebound in trade (consumer) books and continued double-digit growth for audio.

Is the book industry growing?

Contrary to popular belief, the book industry has seen stable growth within the past five years and is expected to continue growing. For example, print sales increased by 8.2% in 2020, and new self-published books have increased by 264% in the past five years.

How much is the books industry worth?

1. The UK’s book publishing industry had the highest value in 2019. According to the book publishing industry statistics, the industry saw record-high sales in 2019, amounting to £6.3 billion in revenue.

How many books are sold annually?

Approximately 900 million books are sold in the US each year. 2020 set a record with 942 million units sold in the US, across both eBook and print editions. That represents a 9% increase from 2019 — if this pace continues, the US will sell over 1 billion books in 2021.

What is the future of book publishing?

Publishing goes Moneyball In the future, according to Glenn, since they’ll rely on “complex data points rather than guessing, publishers will attempt to bring Moneyball into publishing.” Digging into the analytics of what makes a book popular is the next level of work for publishers.

Are book publishers still relevant?

Despite all the obstacles and challenges that need facing, digitalization is still a precious opportunity for publishers during the second decade of the 21st century. Traditional print books will always be alive and accompany book lovers, and digital books will be helpful to revitalize the publishing industry.