Ebook Sales Statistics of 2016
Nowadays technology and mobility have influenced every step of consumer’s life, they also influencing the way they read books. Book readers have started to change their reading habits, opting for different types of formats of books, such as e-books, audiobooks. An e-book, also known as an electronic or digital book, is a digitally released version of a book, often consisting of text and images and available on electronic devices, such as specifically designed e-book readers. This shift in media consumption habits has a direct impact on the book industry.
Nowadays technology and mobility have influenced every step of consumer’s life, they also influencing the way they read books. Book readers have started to change their reading habits, opting for different types of formats of books, such as e-books, audiobooks. An e-book, also known as an electronic or digital book, is a digitally released version of a book, often consisting of text and images and available on electronic devices, such as specifically designed e-book readers. This shift in media consumption habits has a direct impact on the book industry.
2016 vs. 2015, sales of ebooks were down 20 percent (to 579.5 million). This decline does not confirm that people don’t want to read and access content in digital format. Instead, they confirm that they simply do not want to pay for it. The Codex survey also found that 25% of book buyers, want to spend less time on their digital devices.
When it comes to formatting preferences among book buyers, consumer research shows small gains for paperbacks in 2016 and a minor decrease for ebooks, with hardcovers and audiobooks seeing little to no change.
Formats
|
2015
|
2016
|
Paperback
|
51.10 %
|
54.20 %
|
Ebook
|
19.00 %
|
16.80 %
|
Hardcover
|
22.80 % *
|
23.90 %
|
Audiobooks
|
2.60 % *
|
2.60 %
|
* - approximate value
Ebook Stores
The reading devices that first ignited the e-book category—dedicated e-readers such as Nook and Kindle—still remain the most important factor affecting e-book reading and sales.
We all know Amazon leads the world in book sales–and since it’s an online company, it makes sense that it has a huge advantage in ebook sales. As you can see from the graph, the next highest selling ebook stores in order are Apple, Barnes & Noble, Kobo, and Google Books.
2017 Forecast
The U.S. has over 50% of the world market for ebooks (compared to 30% globally for all book formats), about 90 % of physical book publisher were started to offer ebooks for their consumers. The United Kingdom is the world’s second largest market for ebooks.
Readers are already used to consuming massive amounts of information for free online, and their expectations will gravitate in the direction of ‘free’ even when it comes to books. Now, most of the ebook publishers are ready to provide the content for free. This makes the user access a wide range of information at free of cost.
It is expected that the U.S. eBook market will surpass the printed book market in 2017. By 2017, e-book sales are forecast to account for about a quarter of global book sales. Consumer e-books alone are projected to generate nearly 20 billion U.S. dollars in revenue by 2017.
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