Wilmington, Delaware, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Australia Books Market value is US$ 855.1 million in 2023 and is expected to grow at a significant CAGR of over 1.8% over the forecast period of 2023-2030, according to the latest market report by RationalStat
Market Definition, Market Scope, and Report Overview
Australia has a highly educated populace that values reading and education, resulting in high literacy rates. The literacy culture fosters a great demand for books of all sorts. Through grants, subsidies, and initiatives, the Australian government promotes literature and the arts. Australia Council for the Arts programs, for example, provide financing and resources to authors, publishers, and literary organizations, supporting a thriving literary landscape.
- According to a deep-dive market assessment by RationalStat, the Australia Books market has been analyzed on the basis of market segments, including genres, formats, target audience, distribution channel, and geography/regions (including Western Australia, Southern Australia, Eastern Australia, Northern and Central Australia). The report also offers Australia and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the Australia Books market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the Australia Books market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Australia Books Market: Segmental and Market Share Analysis
- On the basis of genres, indigenous literature segment is expected to dominate the market as it is include traditional stories, contemporary fiction, and non-fiction exploring Indigenous culture and history.
- On the basis of formats, E-books segment is anticipated to dominate the market. E-books are digital versions of books readable on e-readers, tablets, and smartphones, accessible through various e-book platforms.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 968.9 million |
| Market Size Forecast | US$ 855.1 million |
| Growth Rate | 1.8% |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
Leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players.
Some of the prominent players and suppliers operating and contributing significantly to the Australia Books market growth include Penguin Random House Australia Pty Ltd, HarperCollins, Allen & Unwin Pty Limited, Hachette Australia, Pan Macmillan Australia Pty Ltd, Bloomsbury Publishing Pty, Black Inc., Scribe Publications, Hardie Grant, and Scholastic Australia, among others.
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RationalStat has segmented the Australia Books market based on genres, formats, target audience, distribution channel and region
- Australia Books Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Genres
- Fiction
- Non-fiction
- Childrens
- Indigenous Literature
- Australia Books Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Formats
- Print Books
- E-books
- Audiobooks
- Educational Textbooks
- Australia Books Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Target Audience
- Adults
- Children
- Educational
- Australia Books Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Distribution Channel
- Bookstores
- Libraries
- Online Retailers
- Specialty Stores
- Educational Institutions
- Australia Books Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Region
- Australia Books Market
- Western Australia
- Southern Australia
- Eastern Australia
- Northern and Central Australia
- Australia Books Market
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Key Questions Answered in the Books Report:
- What will be the market value of the Australia Books market by 2030?
- What is the market size of the Australia Books market?
- What are the market drivers of the Australia Books market?
- What are the key trends in the Australia Books market?
- Which is the leading region in the Australia Books market?
- What are the major companies operating in the Australia Books market?
- What are the market shares by key segments in the Australia Books market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end Australia market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support Australia and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
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