Industry Analysis & Industry Trends
The UK Audiobook Publishing industry includes businesses involved in the design, marketing and distribution of audiobooks. Audiobook publishers hold rights to book titles and may publish content in solely audio form or, more commonly, in conjunction with print and e-book editions of the work. The industry is growing and its progress in recent years is encouraging when taking into account the difficult conditions that have characterised the wider UK Book Publishing industry (IBISWorld report J58.110). Over the five years through 2016-17, industry revenue is estimated to grow at a strong compound annual rate of 12.8%. Audiobooks were first introduced nearly 80 years ago, however the market is still relatively small compared with the total book market... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Audiobook Publishing industry has a moderate level of market share concentration. The largest four players in the industry are estimated to account for 57.5% of revenue. The industry is dominated by well-established publishers that already operate in the print publishing market and have access to a wide range of titles that can be easily converted to audiobooks. The industry remains fairly fragmented as smaller enterprises have access to a limited number of titles for publishing. The average enterprise employs approximately six people. Industry concentration is expected to increase over the next five years as established book publishers move to cash in on the boom in audiobook sales.
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