Audiobooks Market Size, Share & Trends Report

Audiobooks Market Size, Share & Trends Analysis Report By Genre, By Preferred Device (Smartphones, Laptops & Tablets, Personal Digital Assistants), By Distribution Channel, By Target Audience, By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-4-68038-588-5
  • Number of Pages: 300
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2020
  • Industry: Technology

Market Segmentation

  • Audiobooks Genre Outlook (Revenue, USD Million, 2018 - 2030)
    • Fiction
    • Non-Fiction
  • Audiobooks Preferred device Outlook (Revenue, USD Million, 2018 - 2030)
    • Smartphones
    • Laptops & Tablets
    • Personal Digital Assistants
    • Others
  • Audiobooks Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
    • One-time download
    • Subscription-Based
  • Audiobooks Target Audience Outlook (Revenue, USD Million, 2018 - 2030)
    • Kids
    • Adults
  • Audiobooks Regional Outlook (Revenue, USD Million, 2018 - 2030)
    • North America
      • North America audiobooks market, by genre
        • Fiction
        • Non-Fiction
      • North America audiobooks market, by preferred device
        • Smartphones
        • Laptops & Tablets
        • Personal Digital Assistants
        • Others
      • North America audiobooks market, by distribution channel
        • One-time download
        • Subscription-Based
      • North America audiobooks market, by target audience
        • Kids
        • Adults
      • U.S.
        • U.S. audiobooks market, by genre
          • Fiction
          • Non-Fiction
        • U.S. audiobooks market, by preferred device
          • Smartphones
          • Laptops & Tablets
          • Personal Digital Assistants
          • Others
        • U.S. audiobooks market, by distribution channel
          • One-time download
          • Subscription-Based
        • U.S. audiobooks market, by target audience
          • Kids
          • Adults
      • Canada
        • Canada audiobooks market, by genre
          • Fiction
          • Non-Fiction
        • Canada audiobooks market, by preferred device
          • Smartphones
          • Laptops & Tablets
          • Personal Digital Assistants
          • Others
        • Canada audiobooks market, by distribution channel
          • One-time download
          • Subscription-Based
          • Canada audiobooks market, by target audience
          • Kids
          • Adults
    • Europe
      • Europe audiobooks market, by genre
        • Fiction
        • Non-Fiction
      • Europe audiobooks market, by preferred device
        • Smartphones
        • Laptops & Tablets
        • Personal Digital Assistants
        • Others
      • Europe audiobooks market, by distribution channel
        • One-time download
        • Subscription-Based
      • Europe audiobooks market, by target audience
        • Kids
        • Adults
      • U.K.
        • U.K. audiobooks market, by genre
          • Fiction
          • Non-Fiction
        • U.K. audiobooks market, by preferred device
          • Smartphones
          • Laptops & Tablets
          • Personal Digital Assistants
          • Others
        • U.K. audiobooks market, by distribution channel
          • One-time download
          • Subscription-Based
        • U.K. audiobooks market, by target audience
          • Kids
          • Adults
      • Germany
        • Germany audiobooks market, by genre
          • Fiction
          • Non-Fiction
        • Germany audiobooks market, by preferred device
          • Smartphones
          • Laptops & Tablets
          • Personal Digital Assistants
          • Others
        • Germany audiobooks market, by distribution channel
          • One-time download
          • Subscription-Based
        • Germany audiobooks market, by target audience
          • Kids
          • Adults
      • France
        • France audiobooks market, by genre
          • Fiction
          • Non-Fiction
        • France audiobooks market, by preferred device
          • Smartphones
          • Laptops & Tablets
          • Personal Digital Assistants
          • Others
        • France audiobooks market, by distribution channel
          • One-time download
          • Subscription-Based
        • France audiobooks market, by target audience
          • Kids
          • Adults
      • Italy
        • Italy audiobooks market, by genre
          • Fiction
          • Non-Fiction
        • Italy audiobooks market, by preferred device
          • Smartphones
          • Laptops & Tablets
          • Personal Digital Assistants
          • Others
        • Italy audiobooks market, by distribution channel
          • One-time download
          • Subscription-Based
        • Italy audiobooks market, by target audience
          • Kids
          • Adults
      • Spain
        • Spain audiobooks market, by genre
          • Fiction
          • Non-Fiction
        • Spain audiobooks market, by preferred device
          • Smartphones
          • Laptops & Tablets
          • Personal Digital Assistants
          • Others
        • Spain audiobooks market, by distribution channel
          • One-time download
          • Subscription-Based
          • Spain audiobooks market, by target audience
          • Kids
          • Adults
      • Russia
        • Russia audiobooks market, by genre
          • Fiction
          • Non-Fiction
        • Russia audiobooks market, by preferred device
          • Smartphones
          • Laptops & Tablets
          • Personal Digital Assistants
          • Others
        • Russia audiobooks market, by distribution channel
          • One-time download
          • Subscription-Based
        • Russia audiobooks market, by target audience
          • Kids
          • Adults
      • Nordic Countries
        • Nordic Countries audiobooks market, by genre
          • Fiction
          • Non-Fiction
        • Nordic Countries audiobooks market, by preferred device
          • Smartphones
          • Laptops & Tablets
          • Personal Digital Assistants
          • Others
        • Nordic Countries audiobooks market, by distribution channel
          • One-time download
          • Subscription-Based
        • Nordic Countries audiobooks market, by target audience
          • Kids
          • Adults
    • Asia-Pacific
      • Asia Pacific audiobooks market, by genre
        • Fiction
        • Non-Fiction
      • Asia Pacific audiobooks market, by preferred device
        • Smartphones
        • Laptops & Tablets
        • Personal Digital Assistants
        • Others
      • Asia Pacific audiobooks market, by distribution channel
        • One-time download
        • Subscription-Based
      • Asia Pacific audiobooks market, by target audience
        • Kids
        • Adults
      • China
        • China audiobooks market, by genre
          • Fiction
          • Non-Fiction
        • China audiobooks market, by preferred device
          • Smartphones
          • Laptops & Tablets
          • Personal Digital Assistants
          • Others
        • China audiobooks market, by distribution channel
          • One-time download
          • Subscription-Based
        • China audiobooks market, by target audience
          • Kids
          • Adults
      • Australia
        • Australia audiobooks market, by genre
          • Fiction
          • Non-Fiction
        • Australia audiobooks market, by preferred device
          • Smartphones
          • Laptops & Tablets
          • Personal Digital Assistants
          • Others
        • Australia audiobooks market, by distribution channel
          • One-time download
          • Subscription-Based
        • Australia audiobooks market, by target audience
          • Kids
          • Adults
      • Japan
        • Japan audiobooks market, by genre
          • Fiction
          • Non-Fiction
        • Japan audiobooks market, by preferred device
          • Smartphones
          • Laptops & Tablets
          • Personal Digital Assistants
          • Others
        • Japan audiobooks market, by distribution channel
          • One-time download
          • Subscription-Based
        • Japan audiobooks market, by target audience
          • Kids
          • Adults
      • India
        • India audiobooks market, by genre
          • Fiction
          • Non-Fiction
        • India audiobooks market, by preferred device
          • Smartphones
          • Laptops & Tablets
          • Personal Digital Assistants
          • Others
        • India audiobooks market, by distribution channel
          • One-time download
          • Subscription-Based
        • India audiobooks market, by target audience
          • Kids
          • Adults
      • South Korea
        • South Korea audiobooks market, by genre
          • Fiction
          • Non-Fiction
        • South Korea audiobooks market, by preferred device
          • Smartphones
          • Laptops & Tablets
          • Personal Digital Assistants
          • Others
        • South Korea audiobooks market, by distribution channel
          • One-time download
          • Subscription-Based
        • South Korea audiobooks market, by target audience
          • Kids
          • Adults
    • Latin America
      • Latin America audiobooks market, by genre
        • Fiction
        • Non-Fiction
      • Latin America audiobooks market, by preferred device
        • Smartphones
        • Laptops & Tablets
        • Personal Digital Assistants
        • Others
      • Latin America audiobooks market, by distribution channel
        • One-time download
        • Subscription-Based
      • Latin America audiobooks market, by target audience
        • Kids
        • Adults
      • Brazil
        • Brazil audiobooks market, by genre
          • Fiction
          • Non-Fiction
        • Brazil audiobooks market, by preferred device
          • Smartphones
          • Laptops & Tablets
          • Personal Digital Assistants
          • Others
        • Brazil audiobooks market, by distribution channel
          • One-time download
          • Subscription-Based
        • Brazil audiobooks market, by target audience
          • Kids
          • Adults
      • Mexico
        • Mexico audiobooks market, by genre
          • Fiction
          • Non-Fiction
        • Mexico audiobooks market, by preferred device
          • Smartphones
          • Laptops & Tablets
          • Personal Digital Assistants
          • Others
        • Mexico audiobooks market, by distribution channel
          • One-time download
          • Subscription-Based
        • Mexico audiobooks market, by target audience
          • Kids
          • Adults
      • Argentina
        • Argentina audiobooks market, by genre
          • Fiction
          • Non-Fiction
        • Argentina audiobooks market, by preferred device
          • Smartphones
          • Laptops & Tablets
          • Personal Digital Assistants
          • Others
        • Argentina audiobooks market, by distribution channel
          • One-time download
          • Subscription-Based
        • Argentina audiobooks market, by target audience
          • Kids
          • Adults
      • Chile
        • Chile audiobooks market, by genre
          • Fiction
          • Non-Fiction
        • Chile audiobooks market, by preferred device
          • Smartphones
          • Laptops & Tablets
          • Personal Digital Assistants
          • Others
        • Chile audiobooks market, by distribution channel
          • One-time download
          • Subscription-Based
        • Chile audiobooks market, by target audience
          • Kids
          • Adults
    • MEA
      • MEA audiobooks market, by genre
        • Fiction
        • Non-Fiction
      • MEA audiobooks market, by preferred device
        • Smartphones
        • Laptops & Tablets
        • Personal Digital Assistants
        • Others
      • MEA audiobooks market, by distribution channel
        • One-time download
        • Subscription-Based
      • MEA audiobooks market, by target audience
        • Kids
        • Adults
      • South Africa
        • South Africa audiobooks market, by genre
          • Fiction
          • Non-Fiction
        • South Africa audiobooks market, by preferred device
          • Smartphones
          • Laptops & Tablets
          • Personal Digital Assistants
          • Others
        • South Africa audiobooks market, by distribution channel
          • One-time download
          • Subscription-Based
        • South Africa audiobooks market, by target audience
          • Kids
          • Adults
      • Saudi Arabia
        • Saudi Arabia audiobooks market, by genre
          • Fiction
          • Non-Fiction
        • Saudi Arabia audiobooks market, by preferred device
          • Smartphones
          • Laptops & Tablets
          • Personal Digital Assistants
          • Others
        • Saudi Arabia audiobooks market, by distribution channel
          • One-time download
          • Subscription-Based
        • Saudi Arabia audiobooks market, by target audience
          • Kids
          • Adults
      • UAE
        • UAE audiobooks market, by genre
          • Fiction
          • Non-Fiction
        • UAE audiobooks market, by preferred device
          • Smartphones
          • Laptops & Tablets
          • Personal Digital Assistants
          • Others
        • UAE audiobooks market, by distribution channel
          • One-time download
          • Subscription-Based
        • UAE audiobooks market, by target audience
          • Kids
          • Adults
      • Egypt
        • Egypt audiobooks market, by genre
          • Fiction
          • Non-Fiction
        • Egypt audiobooks market, by preferred device
          • Smartphones
          • Laptops & Tablets
          • Personal Digital Assistants
          • Others
        • Egypt audiobooks market, by distribution channel
          • One-time download
          • Subscription-Based
        • Egypt audiobooks market, by target audience
          • Kids
          • Adults
      • Turkey
        • Turkey audiobooks market, by genre
          • Fiction
          • Non-Fiction
        • Turkey audiobooks market, by preferred device
          • Smartphones
          • Laptops & Tablets
          • Personal Digital Assistants
          • Others
        • Turkey audiobooks market, by distribution channel
          • One-time download
          • Subscription-Based
        • Turkey audiobooks market, by target audience
          • Kids
          • Adults

Audiobooks Market Dynamics

Driver: Readers and listeners switching to audiobooks for greater convenience

Audiobooks offer users the opportunity to listen to books while engaging in various activities such as traveling, walking, doing household chores, or exercising. Moreover, non-readers are increasingly embracing audiobooks, leading to their growing popularity. The convenience and ease of use provided by audiobooks are expected to contribute to the expansion of the global audiobook market. Readers, storytellers, and other literary artists prefer audiobooks as they enhance essential literacy skills such as fluency, language acquisition, phonemic awareness, vocabulary, and comprehension. Additionally, audiobooks help alleviate eye strain, which is beneficial for individuals who spend prolonged periods in front of screens. Market players offer easily accessible content that can be enjoyed on any smart device capable of delivering audio output. The market's growth is further fueled by the advantage of accessing audiobook content effortlessly on any smart device, anytime and anywhere. The average time spent refers to the duration it takes a user to complete an audiobook, while the completion rate indicates the percentage of listeners who finish it. Teen and young adult fiction exhibited the highest completion rates, followed by children's books and science fiction. In 2022, over one-third of teen and young adult users completed audiobooks, whereas less than one-tenth completed a comedy, non-fiction, or self-help title. Fiction books, including crime and thrillers, accounted for approximately 26% of the total duration of audiobook listening.

Driver: Rise in audiobook listenership due to its immersive experience

Children's literature makes up a significant portion of audiobook sales. The growing popularity of smart speakers has led to a notable increase in children's engagement with audiobooks. Audiobooks offer numerous benefits, including the enhancement of reading skills, decoding abilities, comprehension, and personal satisfaction in terms of well-being and emotional stability. Teenagers and adults are also showing greater interest in audiobooks. It is worth mentioning that individuals with higher incomes tend to consume more audiobooks. These factors indicate that the demand for audiobooks will remain high in the foreseeable future, thereby supporting the expansion of the market. The global audiobook market has experienced substantial growth in recent years. The availability of various listening options, such as smart speakers, desktops, tablets, and smartphones, along with the increasing number of people switching to audiobooks for different reasons, has contributed to this market growth. Additionally, attractive audiobook service offerings have played a role in this development. Audiobooks are particularly beneficial for visually impaired individuals and those who enjoy reading but have limited time. Furthermore, audiobooks have long been utilized by teachers and schools to educate second-language learners and students with learning disabilities. They provide an efficient means of accessing and enjoying literature. Consequently, the audiobook market is expected to expand further in the forecast period.

Restraint: Complex regulatory framework and license regimes for audiobooks

The production and publication of audiobooks present many challenges due to the intricate and extensive list of rights involved. This poses a significant hurdle for individuals and publishing companies as they strive to avoid legal complications after releasing their audiobooks. These rights encompass many aspects, including the rights to reproduce, distribute, perform, display, and create derivative works from the original book. Additionally, there are performance rights for the creative artist who narrates the audiobook and rights pertaining to sound recordings, music, and cover art. The complexity is further compounded by the fact that copyright laws vary from country to country, impeding the launch of audiobooks in different regions. Consequently, the substantial investment of capital and time required to obtain all the necessary permissions for producing and publishing audiobooks acts as a deterrent to the growth of the market. Moreover, a concerning trend has emerged, with certain states proposing legislation that mandates publishers, particularly authors, to grant public library licenses for accessing their digital works, including audiobooks and ebooks. While public libraries undoubtedly serve the public interest, they have historically not been able to freely provide copyrighted works based on the asserted right of states to enforce compulsory licensing. Instead, libraries rely on the first-sale doctrine or obtain the appropriate licenses to offer digital access when lending physical copies. The impact of mandatory licensing on libraries is a matter that necessitates careful consideration from both legal and policy perspectives. Recognizing that proponents of compulsory licensing may hold differing opinions on this issue is crucial. One aspect that frequently arises in discussions is the delicate balance between the rights of publishers and the access to information that libraries provide. Publishers' rights play a vital role in fostering the creative ecosystem and ensuring that libraries possess valuable resources to lend. However, there are divergent viewpoints on how to strike the appropriate equilibrium in this intricate matter.

What Does This Report Include?

This section will provide insights into the contents included in this audiobooks market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Audiobooks market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Audiobooks market quantitative analysis

  • Market size, estimates, and forecast from 2018 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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