According to the report, the Global Audiobooks Market accounted for $2.67 billion in 2019 and is expected to reach $13.45 billion by 2027, growing at a CAGR of 22.4% during the forecast period.
Some of the key factors propelling the market growth are the increase in younger listener inventory, expansion of home studios, and easy accessibility of copies. However, the lack of smooth transition from taped materials to intelligent devices is the restraining factor for the growth of the market.
An audiobook is a transcription of a book or other work being read aloud. These recordings are being narrated by the authors or any other voiceover artists. Recording and editing have been easier like never before, and hence amateur authors, narrators, and publishers can produce a decent quality of audiobooks.
By device, the smartphones segment is expected to grow at a significant market share during the forecast period owing to the portability to access recorded book versions while performing various other tasks in the background. Based on geography, North America is anticipated to hold considerable market share during the forecast period as this region is an early adopter of the latest technologies that are used in audiobooks.
Some of the key players in Audiobooks market include Google, Amazon, Scribd, Audible Inc., Storytel, AudiobooksNow, Penguin Random House LLC, Downpour, PODIUM PUBLISHING, barnes Noble booksellers Inc., Kobo, OverDrive, LibriVox, RBmedia, NOOK Digital LLC, and Rakuten Kobo Inc.
What the report offers:
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
Key Topics Covered:
1 Executive Summary
2 Preface 2.1 Abstract 2.2 Stake Holders 2.3 Research Scope 2.4 Research Methodology 2.4.1 Data Mining 2.4.2 Data Analysis 2.4.3 Data Validation 2.4.4 Research Approach 2.5 Research Sources 2.5.1 Primary Research Sources 2.5.2 Secondary Research Sources 2.5.3 Assumptions
4 Porters Five Forces Analysis 4.1 Bargaining Power of Suppliers 4.2 Bargaining Power of Buyers 4.3 Threat of Substitutes 4.4 Threat of New Entrants 4.5 Competitive Rivalry
5 Global Audiobooks Market, By Device 5.1 Introduction 5.2 Desktop, Laptops, and Tablets 5.3 Smartphones 5.4 Personal Digital Assistants
6 Global Audiobooks Market, By Genre 6.1 Introduction 6.2 Fiction 6.3 Biography 6.4 Memoir 6.5 Educational 6.6 Suspense & Thriller 6.7 Romance 6.8 Professional 6.9 Personal Grooming & Motivational 6.10 Miscellaneous 6.11 Historical 6.12 Comedy
7 Global Audiobooks Market, By Subscription Type 7.1 Introduction 7.2 Yearly 7.3 Semi-Annually 7.4 Monthly
8 Global Audiobooks Market, By Platform 8.1 Introduction 8.2 Android 8.3 IOS 8.4 Windows 8.5 Website
9 Global Audiobooks Market, By Age Group 9.1 Introduction 9.2 Adults 9.3 Kids
10 Global Audiobooks Market, By Distribution Channel 10.1 Introduction 10.2 Subscription-Based 10.3 One-Time Download
11 Global Audiobooks Market, By Application 11.1 Introduction 11.2 Educational Institutes 11.3 Industries/Commercial Sector 11.4 Book Club 11.5 Personal 11.6 Learning 11.7 Entertainment
12 Global Audiobooks Market, By End-user 12.1 Introduction 12.2 Employed Professional 12.3 Homemaker Retirees 12.4 Student
13 Global Audiobooks Market, By Enterprise Size 13.1 Introduction 13.2 Large Enterprises 13.3 Small & Medium Enterprises
14 Global Audiobooks Market, By Geography 14.1 Introduction 14.2 North America 14.2.1 US 14.2.2 Canada 14.2.3 Mexico 14.3 Europe 14.3.1 Germany 14.3.2 UK 14.3.3 Italy 14.3.4 France 14.3.5 Spain 14.3.6 Rest of Europe 14.4 Asia-Pacific 14.4.1 Japan 14.4.2 China 14.4.3 India 14.4.4 Australia 14.4.5 New Zealand 14.4.6 South Korea 14.4.7 Rest of Asia-Pacific 14.5 South America 14.5.1 Argentina 14.5.2 Brazil 14.5.3 Chile 14.5.4 Rest of South America 14.6 Middle East & Africa 14.6.1 Saudi Arabia 14.6.2 UAE 14.6.3 Qatar 14.6.4 South Africa 14.6.5 Rest of Middle East & Africa
15 Key Developments 15.1 Agreements, Partnerships, Collaborations and Joint Ventures 15.2 Acquisitions & Mergers 15.3 New Product Launches 15.4 Expansions 15.5 Other Key Strategies
16 Company Profiling 16.1 Google 16.2 Amazon 16.3 Scribd 16.4 Audible Inc. 16.5 Storytel 16.6 AudiobooksNow 16.7 Penguin Random House LLC 16.8 Downpour 16.9 PODIUM PUBLISHING 16.10 Barnes Noble Booksellers Inc. 16.11 Kobo 16.12 OverDrive 16.13 LibriVox 16.14 RBmedia 16.15 NOOK Digital LLC 16.16 Rakuten Kobo Inc.