Submitted by: Submitted by raghuraj
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Category: Business and Industry
Date Submitted: 10/25/2016 04:16 AM
Global Books, News, and Stationery Retailing 2014- 2019 Market Dynamics, Retail Trends and Competitive Landscape
The Books, News, and Stationery retail market grew at a moderate pace after
witnessing a decline in 2009 due to the global financial crisis and consequent
decline in spending. The market for printed media reduced in developed
countries, as prices declined on the back of huge discounts offered by online
retailers, along with a decrease in demand for printed books, magazines, and
newspaper as digital content gained popularity. Significant demand for e-books
emerged across the globe, following the introduction of Kindle in the market, a
trend later followed by other prominent booksellers by introducing their own ereaders in the market, such as Nook and Kobo. Over the next five years, e-books
growth will slow down in developed countries, while e-books penetration is
expected to increase in emerging markets.
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Key Findings
- The global Books, News, and Stationery retail market is forecast to record nearly
US$570 billion by 2019, growing at a CAGR of 5.4%
- A rise in the English-speaking population in China and other non-English
speaking countries will drive the demand for international books, while stationery
products with fashion and technology elements will become popular
- Online will continue to be the fastest growing channel, at a CAGR of 15%, while
music, video, book, stationery, and entertainment software specialists will
dominate the global sales but will record minor growth of 3.1%
- Asia-Pacific replaced the Americas as the largest contributor to global Books,
News, and Stationery sales in 2011 and is expected to retain its position,
expanding at a CAGR of 10.6%
- China will continue to be the largest market, followed by the US. India will enter
the list of the top 10 largest Books, News, and Stationery markets at ninth
position
Synopsis...