Industry Analysis & Industry Trends
The Spanish-Language Book Publishing industry has suffered along with the greater print media sector, but has benefited in recent years from economic recovery. Due to mounting pressure from both imports and alternate sources of media, the Spanish-Language Book Publishing industry will continue to face significant challenges in the five years to 2020. Changes in the Hispanic demographic are expected to heighten competition from English publications, while the increasing popularity of e-books will likely force industry players to diversify to remain competitive in the book-publishing sector. The rising number of immigrants and share of the Hispanic population in the United States, however, will keep the industry afloat.... 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 2020, industry value added (which measures the industry's contribution to the US economy) is expected to grow at an average annual rate of just 0.4%. In comparison, US GDP is projected to increase by 2.5% per year over the same 10-year period. This indicates that the industry represents a smaller share of overall US economic growth, a sure sign of decline.
The industry's overall decline is largely due to low book spending by the Hispanic population in the United States... purchase to read more