Publishing income in the US generated 29.9 billion {dollars} in 2023 for books, course supplies, audiobooks, and ebooks. This can be a minor 0.8% decline in comparison with the ultimate said numbers for 2022. Nonetheless, it’s a 6.1% improve over the pre-pandemic determine of $28.2 billion in 2019.
Within the trade general, digital codecs accounted for 16% of all income for 2023, representing a rise of 6.3% year-over-year. Inside Commerce, digital codecs accounted for 23% of all earnings for 2023, representing a rise of 9.4% year-over-year. The eBook format has declined, with a slight lower of 0.2% and made $2.4 billion. Income from digital audio elevated once more this yr, climbing 14.2% to $2.3 billion.
Print codecs (Paperbacks, Hardbacks, Mass Market, and Particular Bindings) accounted for 55% of all income for 2023, a lower of two% yearly. Inside Commerce, print codecs accounted for 72% of all earnings for 2023, representing a lower of 0.8% yearly. Hardback income outpaced Paperback income in 2023. Hardbacks elevated 1.1% to $8.0 billion, whereas paperbacks decreased 4.4% to $7.7 billion.
Estimated Trade Income
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- Commerce (client books), the trade’s largest class, decreased by 1.4% to an estimated $18.7 billion.
- Greater Schooling income elevated by 1.5% to $3.9 billion.
- PreK-12 Schooling elevated 0.3% to $5.2 billion.
- Skilled Books elevated 1.5% to $1.7 billion.
- Non secular Presses, a subcategory of Commerce, elevated 6.7% to $1.5 billion.
- College Presses decreased 9.8% to $0.6 billion.
Michael Kozlowski is the editor-in-chief at Good e-Reader and has written about audiobooks and e-readers for the previous fifteen years. Newspapers and web sites such because the CBC, CNET, Engadget, Huffington Submit and the New York Occasions have picked up his articles. He Lives in Vancouver, British Columbia, Canada.
