Key Takeaways
- 2.8% projected nominal growth for U.S. book publishing in 2023 (revenues vs. prior year)
- 1.1% projected real growth for U.S. book publishing in 2023 (revenues vs. prior year, inflation-adjusted)
- 9.0% of publishers listed sustainability as a priority for 2022 (surveyed publishing industry sentiment)
- 1.0% of U.S. book sales in 2023 were educational publishing categories (share of units by category, as reported in industry trade analysis)
- 1.2x growth in global ebook market 2020–2022 (growth factor in ebook market, as reported in industry market research)
- $19.5 billion global audiobook market size in 2023 (industry market estimate)
- 4.8% of U.S. book industry revenue spent on marketing in 2023 (marketing expense share, as reported in trade financial surveys)
- 37% of publishers reported increased marketing spend in 2022 (surveyed spending changes)
- 28% of publishers reported increased print production costs in 2022 (surveyed cost pressures)
- 2,600+ publishers participated in the 2023 Frankfurt Book Fair events (participation count)
- 9,000+ authors attended the 2023 Frankfurt Book Fair (attendance count)
- 1.5 million visitors attended the 2023 Frankfurt Book Fair (visitor count)
- 2.7% year-over-year decline in U.S. print unit sales in 2023 (industry unit trend)
- 6.1% year-over-year increase in U.S. ebook revenue in 2023 (industry revenue trend)
- 9.8% year-over-year increase in U.S. audiobook revenue in 2023 (industry revenue trend)
U.S. book publishing is forecast to grow modestly in 2023 while publishers face rising costs and intensify marketing, data, and AI efforts.
Industry Trends
Industry Trends Interpretation
Market Size
Market Size Interpretation
Cost Analysis
Cost Analysis Interpretation
User Adoption
User Adoption Interpretation
Performance Metrics
Performance Metrics Interpretation
References
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