The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The sale of books through online media are expected to drive innovation in fiction books manufacturing, thus driving the market during the forecast period.

The global fiction books market is expected to grow from $10.48 billion in 2022 to $10.67 billion in 2023 at a compound annual growth rate (CAGR) of 1.9%. The global fiction books market size is expected to grow to $11.18 billion in 2027 at a CAGR of 1.2%.

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Global Fiction Books Market Segments Include:

• By Type of Fiction: Short Story, Novella, Novel
• By Type of Book: Physical Book, E- Book, Audio Book
• By Genre: Action And Adventure, Young Adult, Crime/Mystery, Drama, Horror/Paranormal/Ghost, Science Fiction, Other Genres
• By End-User: Children, Young Adults, Adults
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global fiction books market in 2021

Major Market Players in the fiction books market include Penguin Random House, Hachette Livre Group, HarperCollins Publishers, Macmillan Publishers, Simon & Schuster, Turner Publishing, Chronicle Books.

Increasing focus on technology and new product development is a key trend in the fictional books market. The publishers and writers are continuously focusing on introducing innovations to increase sales, outreach, and to ease their writing and publishing activities. For instance, in January 2020, Marlowe, A.I. analytical software for novels, was released to help authors to improve their novel before forwarding it off for professional editing. The software aims to provide authors with refining their manuscripts and identify opportunities for their work in the market. Moreover, publishing houses and authors are releasing podcasts which are series of spoken word, audio episodes of a particular book that is expected to create an effective means of leisure and entertainment for the readers further building sales. For instance, in September 2020, Apple Books and Oprah announced the launch of Oprah’s Book Club podcast, an eight-episode series for viewers to explore Oprah’s Book Club pick and bestseller.

The Fiction Books Global Market Report 2023  provides a fiction books market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The fiction books market forecast analyzes fiction books market size, fiction books market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Fiction refers to any kind of literature that originates from the imagination and usually has a story.

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