£205.6m
£XX.Xm
1,360
262
£XX.Xm
The Audiobook Publishing industry is expanding, becoming vital to the broader book publishing industry. Over the five years through 2023-24, revenue has grown at a compound annual rate of 9.3% to £205.6 million, including revenue growth of 6.4% in the current year.
Industry revenue has grown at a CAGR of 9.3 % over the past five years, to reach an estimated £205.6m in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue (£m)
2024 |
---|---|---|
Penguin Random House Ltd | 38.1 | |
Audible Ltd | 36.2 | |
Hachette UK (Holdings) Ltd | 18.1 |
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Industry revenue is measured across several distinct product and services lines, including Digital audiobooks, CD audiobooks and Audiovisual books. Digital audiobooks is the largest segment of the Audiobook Publishing in the UK.
Digital audiobooks carry audiobook expansion
The UK audiobook publishing industry involves creating, editing and marketing audio versions of literary works. It includes publishers, authors, narrators and distributors, adapting to evolving consumer preferences and digital platforms. The industry focuses on bringing audiobooks to market due to the growing demand for convenient and immersive literary experiences across various devices.
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SIC 58.11 - Audiobook Publishing in the UK
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Smartphone improvements have opened the market. The amount of memory space available on smartphones and other devices has surged, making it easier to download audiobooks.
Learn about an industry's products and services, markets and trends in international trade.
Digital audiobooks are a fast-growing segment. The rise of audiobook subscription services like Audible has accelerated the growth of digital audiobooks.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Publishers primarily sit in the capital and South East. Many book publishers that already have a presence in London choose to produce audiobooks near the capital.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Publishers compete for the rights to content from renowned authors. Commonly, the rights to publish audiobooks are sold in conjunction with the rights to publish the physical...
Learn about the performance of the top companies in the industry.
Penguin's audiobook collection of classical works takes off. Penguin Random House has created interest for historical books by casting well-known narrators.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Publishers must adhere to UK copyright law. Literary works are protected until 70 years after the author's death. To publish an audiobook of a copyrighted work, publishers mu...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit is wide, as costs are low. Audiobooks are sold at higher profit margins than printed books or e-books. The cost of producing an audiobook primarily relates to overhead...
Including values and annual change:
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Key data sources in the UK include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Audiobook Publishing in the UK industry in United Kingdom is £205.6m in 2024.
There are 262 businesses in the Audiobook Publishing in the UK industry in United Kingdom, which has grown at a CAGR of 12.9 % between 2019 and 2024.
The market size of the Audiobook Publishing in the UK industry in United Kingdom has been growing at a CAGR of 9.3 % between 2019 and 2024.
Over the next five years, the Audiobook Publishing in the UK industry in United Kingdom is expected to grow.
The biggest companies operating in the Audiobook Publishing market in United Kingdom are Penguin Random House Ltd, Audible Ltd and Hachette UK (Holdings) Ltd
CD audiobooks and Digital audiobooks are part of the Audiobook Publishing in the UK industry.
The company holding the most market share in United Kingdom is Penguin Random House Ltd.
The level of competition is moderate and increasing in the Audiobook Publishing in the UK industry in United Kingdom.