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Audiobooks Market Size To Reach $35.47 Billion By 2030

Audiobooks Market Size To Reach $35.47 Billion By 2030

April 2025 | Report Format: Electronic (PDF)

Audiobooks Market Growth & Trends

The global audiobooks market size is estimated to reach USD 35.47 billion by 2030, registering to grow at a CAGR of 26.2% from 2025 to 2030 according to a new report by Grand View Research, Inc. The convergence of artificial intelligence (AI) and natural language processing (NLP) has revolutionized the audiobook market, enabling personalized recommendations, dynamic narration, and enhanced accessibility features.

The surge in demand for audiobook services from public libraries, retail bookstores, and online subscriptions is a significant driver for market expansion. Companies are constantly leveraging subscription-based audiobook services to cater to the increasing demand for convenient and comprehensive digital reading experiences. For instance, in February 2024, Rakuten Kobo unveiled its Kobo Plus subscription service to Taiwan and Hong Kong after launching it in the United States and Europe. The service includes features such as personalized recommendations and the ability to adjust narration speed, making the audiobook experience more engaging and user-friendly.

One of the key trends driving market growth is the increasing demand for audiobooks among different segments, including adults and kids. The convenience and accessibility offered by audiobooks make them a popular choice for consumers looking to enjoy literature on the go or while engaging in other activities. In addition, the availability of various types of audiobook formats such as MP3, Windows Media Audio, Advancaterdio Coding, and solid-state preloaded digital devices caters to diverse consumer preferences, further fueling market growth.

Moreover, technological advancements have enhanced the performance of audiobook services, making them more widely used across various end-user groups. Factors such as consumer behavior analysis and market dynamics, such as the growing popularity of online subscriptions and retail bookstores, are propelling the market expansion.

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Audiobooks Market Report Highlights

The fiction segment dominated the market with a market share of over 64% in 2024, driven by the increasing demand for immersive storytelling and entertainment.
The smartphone segment registered the largest revenue share in 2024, owing to the widespread use of mobile devices and the increasing reliance on smartphones for entertainment and education.
The one-time download segment in the market registered the highest share in 2024, driven by consumers who prefer to purchase and own individual titles rather than subscriptions.
The adults segment registered the largest revenue share in 2024, driven by the wide variety of genres and titles designed for adult audiences.