The Audiobooks Market is expected to be around US$ 14.16 Billion by 2027 at a CAGR of 25.86% in the given forecast period.
Browse Full Report: https://www.marketresearchengine.com/audiobook-market
An audiobook is a copy of a book or other work being read aloud. Technological advances in manufacture have led to e-mail delivery of documents, digital recording, and usage of tablets instead of hard copy texts. The development of home studios for narrators have also shortened the time taken to creation audiobooks and reduced manufacturing charges. Nevertheless, the result of coronavirus has directly hindered the evolution of the audiobooks market. As a consequence of the coronavirus lockdown, academic institutions, majority of classrooms, universities,and commercial entities have closed down, which significantly hampers the market for audiobooks. This is an important optimistic development for the sustainable development of the industry. The younger consumer is expected to affect their growing families, probably transforming a non-listener into a listener. Younger participants can also have an influence on their peers, contribute to a broader group of peers and a greater emphasis on peer opinions by young people. Younger customers may have different listening necessities as well. In the early stages of their careers and their lives, people are more likely to listen to titles that director them or deliver an entry point, while a more skilled person may try pure humour or realistic advice rather than self-improvement.
The global Audiobooks market is segregated on the basis of Genre Outlook as Education, Fiction, Biography, Professional, Comedy, Historical, Romance, Suspense & Thriller, Memoir, Personal Grooming & Motivational, and Miscellaneous. Based on Platform Outlook the global Audiobooks market is segmented in Website, Smartphone Application, Desktop Application, and Others. Based on Age Group Outlook the global Audiobooks market is segmented in Below 25, 25 to 34, 35 to 55, and 56 & Above.
Based on End-Use Verticals Outlook, the global Audiobooks market is segmented in Student, Employed Professional, Homemaker, Retirees, and Others.
The global Audiobooks market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Audiobooks market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Audible, Inc, AudiobooksNow, Downpour, NOOK Digital, LLC,Penguin Random House LLC., PODIUM PUBLISHING, Rakuten Kobo Inc., RBmedia, Scribd, Inc., Storytel, and others are among the major players in the global Audiobooks market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Audiobooks Market has been segmented as below:
Audiobooks Market, By Genre Outlook
- Suspense & Thriller
- Personal Grooming & Motivational
Audiobooks Market, By Platform Outlook
- Smartphone Application
- Desktop Application
Audiobooks Market, By Age Group Outlook
- Below 25
- 25 to 34
- 35 to 55
- 56 & Above
Audiobooks Market, By End-Use Verticals Outlook
- Employed Professional
Audiobooks Market, By Region
- North America
- Rest of the World
Audiobooks Market, By Company
- Audible, Inc
- NOOK Digital, LLC
- Penguin Random House LLC.
- PODIUM PUBLISHING
- Rakuten Kobo Inc.
- Scribd, Inc.
The report covers:
- Global Audiobooks market sizes from 2015 to 2024, along with CAGR for 2018-2024
- Market size comparison for 2017 vs 2024, with actual data for 2017, estimates for 2018 and forecast from 2019 to 2024
- Global Audiobooks market trends, covering comprehensive range of consumer trends & manufacturer trends
- Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Audiobooks market
- Major market opportunities and challenges in forecast timeframe to be focused
- Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
- Comprehensive company profiles of the key industry players
The global Audiobooks market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Audiobooks market share. Major industry players with significant revenue share include Audible, Inc, AudiobooksNow, Downpour, NOOK Digital, LLC, Penguin Random House LLC., PODIUM PUBLISHING, Rakuten Kobo Inc., RBmedia, Scribd, Inc., Storytel, and others.
Reasons to Buy this Report:
- Gain detailed insights on the Audiobooks industry trends
- Find complete analysis on the market status
- Identify the Audiobooks market opportunities and growth segments
- Analyse competitive dynamics by evaluating business segments & product portfolios
- Facilitate strategy planning and industry dynamics to enhance decision making
Customized report as per the requirement can be offered with appropriate recommendations
Request Sample Report from here: https://www.marketresearchengine.com/audiobook-market
Table of Contents:
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
2. Research Methodology
3. Executive Summary
5. Audiobooks Market, By Genre Outlook
6. Audiobooks Market, By Platform Outlook
7. Audiobooks Market, By Age Group Outlook
8. Audiobooks Market, By End-Use Verticals Outlook
9. Competitive Landscape
10. Company Profiles
10.1 Audible, Inc.
10.4 NOOK Digital, LLC
10.5 Penguin Random House LLC.
10.6 PODIUM PUBLISHING
10.7 Rakuten Kobo Inc.
10.9 Scribd, Inc.
Market Research Engine is a global market research and consulting organization. We provide market intelligence in emerging, niche technologies and markets. Our market analysis powered by rigorous methodology and quality metrics provide information and forecasts across emerging markets, emerging technologies and emerging business models. Our deep focus on industry verticals and country reports help our clients to identify opportunities and develop business strategies.
Other Related Market News:
Company Name: Market Research Engine
Contact Person: John Bay
Email: [email protected]
Country: United States
Address: 3422 SW 15 Street, Suite #8942, Deerfield Beach, FL 33442, United States