New York, NY (PRWEB) February 28, 2014
After recovering from the depths of the recession, the Spanish-Language Book Publishing industry has slowly grown during recent years. Encouraged by rebounding disposable income and corporate profit, private and professional consumers increased their demand for Spanish-language books during the past five years, spurring revenue growth of 1.0% per year on average, to total just over $1.2 billion in 2014. A consistently growing native Spanish-speaking population in the United States has contributed to this growth, as has the industry's diverse product lines, which include Spanish and English as a second language textbooks, as well as both translated and natively Spanish-language fiction and nonfiction works. Textbook publishing has been particularly instrumental in improving industry profit margins, because textbooks are more consistently necessary, contain value-added content and can be sold for a premium price.
According to IBISWorld Industry Analyst Jocelyn Phillips, “Young Hispanic Americans are increasingly likely to have been born in the United States, speak English as a first language and prefer to read English-language media.” As a result, the percentage of the Hispanic population that prefers the Spanish language is set to decline, threatening demand for industry products; growth is already expected to slow to just 0.8% in 2014. Increasing pressure from online Spanish-language media options and the overall contraction of the print media sector will likely make it difficult for industry operators to gain a share of their shrinking consumer base. Amid these tough conditions, industry revenue is expected to decrease in the five years to 2019.
Coupled with increasing pressure from imported Spanish-language publications, IBISWorld expects these conditions to force dozens of Spanish-language publishers to exit the industry during the next five years. “However, profit margin will remain largely intact as most operators who remain in the industry will make their revenue from high-margin, high-value textbooks,” says Phillips. Moreover, major industry merger activity will result in the creation of Random House Penguin, which will become the largest publisher of Spanish-language literature and fiction in the United States; this large industry merger will drive profit margins for consumer Spanish-language books up as well, by minimizing costs and increasing operational efficiencies.
For more information, visit IBISWorld’s Spanish-Language Book Publishing in the US industry report page.
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IBISWorld industry Report Key Topics
The Spanish-Language Book Publishing industry design, edit, distribute and market Spanish-language books. This industry does not include authors (IBISWorld report 71151) or printers (IBISWorld report 32311), although publishers who also print may be included. Online-only publishing of Spanish-language books is also not included in this industry.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.