Industry Analysis & Industry Trends
The growing Hispanic population in the United States will continue to be an important driver for the industry over the next five years. Nevertheless, as more Spanish speakers transition to English, demand for Spanish-language books will take a hit. Overall, growing consumer sentiment and disposable incomes will positively affect industry growth, as book sales benefit from improving economic conditions.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Spanish-Language Book Publishing industry is in a declining stage of its life cycle. While the industry largely expanded in the period immediately following the recession, driven by growth in the Hispanic population in the United States, industry growth has slowed down since then. In fact, over the 10 years to 2019, industry value added (which measures the industry's contribution to the US economy) is expected to grow at an average annual rate of just 1.4%. In comparison, US GDP is projected to increase by 2.7% per year over the same 10-year period.
The industry's overall decline is largely due to low book spending by the Hispanic population in the United States... purchase to read more