Well read: The rapid rise of smartphones helps kindle demand for the industry

The Audiobook Publishing industry includes businesses involved in the design, marketing and distribution of audiobooks. Audiobook publishers hold rights to book titles and may publish content in solely audio form or, more commonly, in conjunction with print and e-book editions of the work. The industry is growing and its progress in recent years is encouraging when taking into account the difficult conditions that have characterised the wider UK Book Publishing industry (IBISWorld report J58.110). Over the five years through 2018-19, industry revenue is estimated to grow at a strong compound annual rate of 10.9%. Audiobooks were first introduced nearly 80 years ago, however the market is still relatively small compared with the total book market...read more.

Industry Statistics & Market Size
Revenue
£114.7m
Annual Growth 14-19
10.9%
Forecast Growth 19-24
Profit
Employment
817
Businesses
118

Industry Threats & Opportunities

  • The rise in smartphone use has dramatically increased the potential market for audiobooks
  • Publishers are offering more titles read by well-known actors thanks to the popularity of audiobooks
  • A reduction to the VAT rate charged on audiobooks could benefit the industry
  • Industry Report - Industry Investment Chapter

    The Audiobook Publishing industry is characterised by a low level of capital intensity as audiobook publishing is a labour-intensive process. Capital intensity is measured by the capital-to-labour ratio, where the amount paid to capital is measured by the depreciation rate and the amount paid to labour is measured by the level of wage expenditure. In 2018-19, operators spent approximately £9.12 on wages for every £1.00 spent on capital.The publishing process involves tasks that cannot be done by machinery, such as seeking out talent, contract management, writing, editing, drawing cover art and marketing. The...purchase to read more.

    Additional Insights for the Audiobook Publishing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Audiobook Publishing Industry are

  • Management of a high-quality assets portfolio
  • Control of distribution arrangements
  • Ensuring pricing policy is appropriate
  • IBISWorld analysts also discuss how external factors such as Total online expenditure and IT and telecommunications adoption in the Audiobook Publishing industry impact industry performance..

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    What's in this report

    What is the Audiobook Publishing Industry?

    Companies in this industry design, edit and market audiobooks. The industry does not include online-only publishers, authors or printers.

    Industry Products
  • Digital audiobooks
  • CD audiobooks
  • Audiovisual books
  • Industry Activities
  • Publishing CD audiobooks
  • Publishing digital audiobooks
  • Publishing other audiobooks
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total online expenditure
  • IT and telecommunications adoption
  • Real household disposable income
  • Demand from libraries, museums and cultural activities
  • Demand from book retailers

  • Current Performance
  • Easy listening
  • All ears
  • Structural changes
  • Chart: Revenue Growth

  • Industry Outlook
  • Market potential
  • The plot thickens
  • Catalogue expansion
  • Table: Audiobook Publishing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Audiobook Publishing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Book Retailers
  • E-Commerce & Online Auctions
  • Libraries, Museums & Cultural Activities
  • Consumers

  • Key Selling Industries
  • Book Publishing
  • Sound Recording & Music Publishing

  • Products & Services
  • Digital audiobooks
  • CD audiobooks
  • Audiovisual books
  • Chart: Audiobook Publishing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Audiobook websites
  • Libraries
  • Retailers
  • Consumers
  • Other
  • Chart: Major Market Segmentation for the Audiobook Publishing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesMarketingOther
  • Chart: Cost Structure Benchmarking – Sector vs Audiobook Publishing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Audiobook Publishing Industry

  • Industry Globalization
    Penguin Random House Ltd, Hachette UK (Holdings) Limited, W F Howes Limited, HarperCollins Publishers Limited,
  • Table: Penguin Random House Ltd - financial performance
  • Table: Hachette UK (Holdings) Limited - financial performance
  • Table: W F Howes Limited - financial performance
  • Table: HarperCollins Publishers Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Audiobook Publishing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Audiobook Publishing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Copyright
  • A protection that gives authors and other creative artists legal ownership of their work. It establishes an author's work as their personal, exclusive property.
  • E-Book
  • A book composed in or converted to digital format for display on a computer screen or handheld device. Not to be confused with an e-reader, the handheld device on which the e-book is read.
  • Mp3
  • A computer file format for the compression and storage of digital audio data.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Audiobook Publishing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Audiobook Publishing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Audiobook Publishing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Audiobook Publishing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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