The global consumer book publishing market is forecasted to grow at a CAGR of 1% during the period 2017-2021
Consumer book publishing involves the publishing of magazines or books intended for general reading purposes. Consumers read books and magazines while spending leisure time. They also read books to explore myriad topics and gain knowledge. The consumer book publishing market accounted for 52.32% of the global book publishing market in 2016, which is half of the parent market. Consumer publications are available for purchase at various retail stores, shopping complexes, and airports. They are also available in big-box stores, grocery stores, bookstores, and online stores. Consumer book publications are mainly of two types: traditional print format and digital media format. Print publications include newspapers, magazines, journals, and books. Print publications are facing tough competition from the Internet because of the rise in e-reading. With the increase in Internet use, the global consumer book publishing market is likely to witness a decline in its hard copy magazine purchases and circulation.
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Technavio’s analysts forecast the global consumer book publishing market to grow at a CAGR of 1% during the period 2017-2021.