$34.3bn
$XXX.Xm
222k
43,688
$X.Xbn
Over the past five years, the Book Stores industry has undergone substantial changes, largely driven by the proliferation of online retail giants like Amazon. Their vast selection, competitive pricing and immediate access to reading materials have fundamentally reshaped consumer buying habits. Yet, the traditional charm and sensory experience offered by brick-and-mortar stores continue to hold an appeal. Many book stores have revamped their spaces, now incorporating coffee shops, hosting author events, offering cozy reading spaces and nurturing book clubs. These strategic transformations have been key in maintaining relevance, particularly in reaching younger generations who value experiences over transactions. Meanwhile, the growing influence of social media platforms like TikTok has introduced a new wave of younger, digital-native readers to books, inadvertently aiding the traction for both online and physical book sales. Despite challenges, industry revenue is expected to have increased at a CAGR of 1.7% to $34.3 billion through the end of 2024. In 2024, revenue is expected to increase 2.9%, but profit is expected to remain low.
Looking ahead, the next five years promise interesting trends for the Book Stores industry. The resurgence of book clubs will influence book sales and readership patterns positively. Book clubs encourage regular book purchases and stimulate traffic in-store, which contribute to book stores' revenue. Concurrently, the rise in demand for personalization and unique experiences across retail sectors is likely to echo in the book industry. Readers will increasingly seek tailored recommendations, limited editions or personalized versions of books, leading bookstores to differentiate their offerings and create unique selling propositions. Also, with improving economic conditions and disposable income, consumers will be more willing to spend on leisure experiences, including visits to book stores. Physical stores that offer a welcoming ambiance, host local author events, or support local book clubs can leverage this trend. Though digital pressures persist, these forward-looking trends suggest continuous reinvention, reaffirming the endurance and potential resurgence of book stores. Industry revenue is expected to rise at a CAGR of 3.0% to $39.8 billion in 2029.
Industry revenue has grown at a CAGR of 1.7 % over the past five years, to reach an estimated $34.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Barnes & Noble Inc. | 2,429.9 | N/A | N/A | |
Barnes & Noble Education, Inc. | 1,354.0 | -134.1 | -9.9 | |
Follett Higher Education Group Inc. | 613.1 | N/A | N/A |
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Industry revenue is measured across several distinct product and services lines, including Trade books, Higher education books and PreK through 12 books. Trade books is the largest segment of the Book Stores in the US.
Trade books appeal to broad groups of readers
Companies in this industry primarily retail a broad range of books, newspapers and periodicals, including trade books, textbooks, magazines, paperbacks and religious books. These goods are purchased from domestic, and in some cases international, manufacturers and wholesalers. Operators then retail these goods to the general public through industry stores.
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NAICS 45121 - Book Stores in the US
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Including values and annual change:
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Key data sources in the US include:
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The market size of the Book Stores in the US industry in United States is $34.3bn in 2024.
There are 43,688 businesses in the Book Stores in the US industry in United States, which has grown at a CAGR of 1.1 % between 2019 and 2024.
The market size of the Book Stores in the US industry in United States has been growing at a CAGR of 1.7 % between 2019 and 2024.
Over the next five years, the Book Stores in the US industry in United States is expected to grow.
The biggest companies operating in the Book Stores market in United States are Barnes & Noble Inc., Barnes & Noble Education, Inc. and Follett Higher Education Group Inc.
Trade books and Higher education books are part of the Book Stores in the US industry.
The company holding the most market share in United States is Barnes & Noble Inc..
The level of competition is high and steady in the Book Stores in the US industry in United States.