Industry Analysis & Industry Trends
In 2012, revenue from bookstores in China is expected to total $34.5 billion, up 8.3% from 2011. Over the five-year period through 2012, revenue has been growing at an annualized rate of 8.1%. The retail book market is divided into three groups according to operating methods and characteristics: regional book distribution groups, private bookstores, and bookstores of book publishers.
Educational books is the largest product segment and government policies on educational books have a major influence on this industry. Before 2001, the sole distribution channel of educational books was the state-owned enterprise, Xinhua Bookstore.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Value added is expected to increase at a slower rate than China's overall GDP growth (about 9.0%) in the 10 years between 2007 and 2017. Low value added growth of 6.2% per year is the result of limited markets stemming from low literacy rates, and low profit margins caused by high volumes of pirated Chinese and foreign books.
The number of enterprises has been falling. Mergers and acquisitions are characteristic of the industry and many regional distribution groups have been established.
Rural regions in China have become a new prospective market. Some book distribution groups have established bookstores in these areas to increase market share... purchase to read more