Book Publishing in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: August 2024
NAICS 51113Revenue
$44.2bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
91,745
Businesses
3,049
Wages
$X.Xbn
Book Publishing in the US industry analysis
The Book Publishing industry has been on a downward spiral as external threats mount and erode revenue. As industry enterprises resumed production in 2021 following the adverse influence of the pandemic, sales have rebounded, temporarily buoying the industry. However, the industry remains pressured, with pent-up demand for books having largely been satisfied as of 2021, while continued rising prices of paper, a major input, have made production costs for books more expensive, resulting in higher prices hurting industry demand. Industry revenue is expected to contract at a CAGR of 0.6% to $44.2 billion through the end of 2024, including an estimated 0.2% slide in 2024 alone, as profit shrinks to 5.7% of revenue.
Trends and Insights
- Increasing market penetration from external threats, in the form of e-readers and self-publishing platforms, has hindered industry performance. Book publishers have shifted their priorities toward the education market as consumers opt toward abandoning brick-and-mortar bookstores.
- Industry enterprises have invested more heavily in the education market. With scholarly books and other textbooks being responsible for the lion's share of industry revenue, these products are more durable to penetration from digital substitutes due to their specificity and rental market.
- The dispersion of book publishers closely follows that of the US population. States, such as California, New York and Florida, house a significant number of industry enterprises. New York houses Bertelsmann, the industry's most significant major player, which bases its US-based operations in the state.
- Publishers compete on the basis of reputation for contracts with authors to guarantee rights to their work. Authors are often attracted to well-known publishers that have the financial flexibility to invest in brands. Publishers also benefit from a regular presence in points of sale, such as in-store locations or specific online channels.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 0.6 % over the past five years, to reach an estimated $44.2bn in 2024.
Trends and Insights
Pandemic-related disruptions drive the industry downward
- Due to mandatory business closures amid the pandemic, brick and mortar book publishers operated at significantly reduced capacity, depleting industry revenue earning potential in 2020.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Used and rented books erode the education market's revenue earning potential
- College enrollment will rebound; however, the Book Publishing industry will be unable to monetize enrollment growth to the same extent that it has in the past. The increasing growth of textbook rental markets and used book markets will continue to siphon away sales for new books.
Biggest companies in the Book Publishing in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Bertelsmann Se & Co. Kgaa | 2,149.2 | 329.0 | 15.3 | |
Pearson Plc | 732.4 | 168.3 | 23.0 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Textbooks, Adult trade books and Professional, technical and scholarly books. Textbooks is the largest segment of the Book Publishing in the US.
Trends and Insights
College attendance trends bolster professional, technical and scholarly books
- Scholarly, professional and technical books, including nonfiction books written for a professional or advanced audience in a specific field, are the largest product segment in the Book Publishing industry. Due to this segment's resilience to major technological changes, such as digitization, its revenue share has increased.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Book Stores in the US
- Magazine & Periodical Publishing in the US
- Database & Directory Publishing in the US
- Greeting Cards & Other Publishing in the US
International industries
- Book Publishing in Canada
- Book Publishing in Australia
- Magazine and Book Publishing in New Zealand
- Book Publishing in the UK
- Audiobook Publishing in the UK
Table of Contents
About this industry
Industry definition
The Book Publishing industry edits and designs books. Book publishers also engage in marketing activities and make distribution agreements with operators in the Book, Magazine and Newspaper Wholesaling industry (IBISWorld report 42492). The industry does not include authors, who are part of the Performers and Creative Artists industry (71151).
What's included in this industry?
Textbook publishingAdult trade book publishingProfessional, technical and scholarly book publishingChildren's book publishingGeneral reference book publishingCompanies
Bertelsmann Se & Co. KgaaPearson PlcPurchase this report to view all 2 major companies in this industry.
Related Terms
PRIMARY EDUCATIONSECONDARY EDUCATIONPOSTSECONDARY EDUCATIONTRADE BOOKADOPTIONE-BOOKDIGITAL PRINTINGBRICK-AND-MORTARIndustry Code
NAICS 51113 - Book Publishing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Increasing market penetration from external threats, in the form of e-readers and self-publishing platforms, has hindered industry performance. Book publishers have shifted t...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Industry enterprises have invested more heavily in the education market. With scholarly books and other textbooks being responsible for the lion's share of industry revenue, ...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The dispersion of book publishers closely follows that of the US population. States, such as California, New York and Florida, house a significant number of industry enterpri...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Publishers compete on the basis of reputation for contracts with authors to guarantee rights to their work. Authors are often attracted to well-known publishers that have the...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Following Bertelsmann's April 2020 acquisition of Penguin Random House the company attempted to acquire Simon & Schuster. The acquisition was blocked by the Department of Jus...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Bertelsmann Se & Co. Kgaa's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Pearson Plc's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Bertelsmann Se & Co. Kgaa, and factors influencing its performance in the industry
- Description and key data for Pearson Plc, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Paper price increases have cut into industry profitability. Simultaneous inclines in per capita disposable income have offset added costs for industry enterprises, as consume...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
High paper prices have led to industry enterprises incurring higher purchase costs, pressuring profitability. Wavering profit has led to enterprises starting to cut back on w...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Book Publishing in the US industry in United States in 2024?
The market size of the Book Publishing in the US industry in United States is $44.2bn in 2024.
How many businesses are there in the Book Publishing in the US industry in 2024?
There are 3,049 businesses in the Book Publishing in the US industry in United States, which has grown at a CAGR of 1.4 % between 2019 and 2024.
Has the Book Publishing in the US industry in United States grown or declined over the past 5 years?
The market size of the Book Publishing in the US industry in United States has been declining at a CAGR of 0.6 % between 2019 and 2024.
What is the forecast growth of the Book Publishing in the US industry in United States over the next 5 years?
Over the next five years, the Book Publishing in the US industry in United States is expected to grow.
What are the biggest companies in the Book Publishing in the US market in United States?
The biggest companies operating in the Book Publishing market in United States are Bertelsmann Se & Co. Kgaa and Pearson Plc
What does the Book Publishing in the US in United States include?
Textbook publishing and Adult trade book publishing are part of the Book Publishing in the US industry.
Which companies have the highest market share in the Book Publishing in the US in United States?
The company holding the most market share in United States is Bertelsmann Se & Co. Kgaa.
How competitive is the Book Publishing in the US industry in United States?
The level of competition is high and steady in the Book Publishing in the US industry in United States.
