Audiobook Publishing in the US Industry Market Research Report from IBISWorld Has Been Updated

In the five years to 2019, rising disposable income and decreasing leisure time will support revenue growth as the rate of product penetration slows and new entrants continue to enter the industry. For these reasons, industry research firm IBISWorld has updated a report on the Audiobook Publishing industry in its growing industry report collection.

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The low cost of audiobooks allowed them to remain in high demand during the recession

New York, NY (PRWEB) August 04, 2014

In recent years, audiobook publishers have benefited significantly from rising digital sales, as consumers have been quick to adopt new technologies. In the five years to 2014, revenue for the Audiobook Publishing industry is estimated to grow at an annualized rate. The growing acceptance of broadband internet-connected mobile devices is allowing consumers to purchase industry products instantly and conveniently. This has a direct and positive effect on industry demand. Because audiobooks are relatively inexpensive discretionary purchases, the industry has been able to grow during the five-year period despite lackluster disposable income growth.

According to IBISWorld Industry Analyst Edward Rivera, “Gradually, the Audiobook Publishing industry has become more competitive because of the availability of alternative online content and expanded options for consumer entertainment.” Within the industry, competition has been increasingly fierce as low digital distribution costs and expanding profitability attract numerous new entrants. In particular, many e-book publishers are becoming involved in audiobook publishing. This reflects consumer interest surveys, such as one published in 2013 by the Audio Publishers Association, which indicated that about one-third of consumer respondents reporting that they were interested in integration with e-books or other book bundles. As a result, the number of audiobook publishers is estimated to rise at an annualized rate over the five years to 2014.

In the five years to 2019, rising disposable income and decreasing leisure time will support revenue growth as the rate of product penetration slows and new entrants continue to enter the industry. The number of mobile connections is projected to expand at an annualized rate during the five years to 2019, a large drop from the annualized growth over the five years to 2014. Meanwhile, per capita disposable income is forecast to rise at an annualized rate during the period as more people return to work. “The increase in workers will result in increased commuters who listen to industry products and increased demand for those looking to multitask amid decreasing leisure time,” says Rivera. Consequently, revenue for the Audiobook Publishing industry is forecast to grow at an average annual rate in the five years to 2019.

For more information, visit IBISWorld’s Audiobook Publishing in the US industry report page.

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IBISWorld industry Report Key Topics

Establishments in this industry primarily edit and design audiobooks. Additionally, industry operators engage in marketing activities and handle distribution agreements with wholesalers, brick-and-mortar and online stores. This industry excludes work completed by authors or disk manufacturers.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

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.


Contact

  • Gavin Smith
    IBISWorld
    +1 (310) 866-5042
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