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Report Overview

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Global Audiobooks Market Outlook

The global audiobooks market is expected to grow at a CAGR of 24.0% during the period 2025-2034. Asia, North America and Europe are expected to be key markets.

Global Audiobooks Market

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Global Market Likely to be Driven by Growth in Audiobook Listenership

There has been a significant growth in the global market for audiobooks over the last few years. The growth has been a result of attractive offerings from audiobook service providers, expansion of range of listening alternatives (smartphones, tablets, desktops, smart speakers, etc.), and increase in the number of people taking to audiobooks for various reasons. Audiobooks are especially useful for the visually impaired, and for those who like to read but do not have time. Traditionally, audiobooks have been used by teachers and schools to teach second language learners and students with learning disabilities. Audiobooks have provided an effective means to access and enjoy literature. The global audiobooks market is expected to grow during the forecast period.

An audiobook is a voice recording of the text of a book that may be listened to.   you listen to rather than read. An audiobook may be a complete reading of the text, or an abridged version. Audiobooks are generally bought and downloaded just like digital video and music; while these may be bought from online bookstores, there are public domain platforms from which audiobooks may be downloaded for free. Some popular apps and websites offering free and paid access to audiobooks include Apple Books, Audible.com, AllYouCanBooks.com, Project Gutenberg, Downpour, Nook Audiobooks, and OverDrive, among others.

Audiobooks are a strong medium for dissemination of information. Indeed, listening can draw more information (and nuances therein) from the speaker’s inflections. For example, sarcasm is more easily identified and communicated through audio than text in print.

Convenience Offered by Audiobooks Expected to Boost Market Growth

Audiobooks offer the convenience of listening even while doing other tasks, for example, walking, exercising, travelling or performing household chores. Further, audiobooks may be used when one does not feel like reading or in the dark, when it is not practically possible to read a book. Many people like to listen to audiobooks before going to sleep; they simply turn on an audiobook and listen to the audio while drifting into sleep. Such convenience offered by audiobooks is expected to help the growth of the global audiobooks market.

Increase in Listenership is Expected to Continue

Audiobook listenership has been growing. Children’s books form a significant part of audiobook sales. With an increase in children’s smart speaker consumption, popularity of audiobooks among children has also been reported to increase significantly. Further it has been strongly suggested that listening to audiobooks may have a significant positive impact on reading skills and enjoyment; audiobooks may help in the development of reading skills, decoding, and comprehension, and also lead to positive outcomes like wellbeing and emotional intelligence. Youth are also being reported to exhibit growing engagement with audiobooks. It is noteworthy that audiobook consumption is higher among individuals falling in higher income groups. In light of these factors, it is expected that audiobook listenership would continue during the forecast period, boosting market growth.

Audiobooks Market Segmentation

Global Audiobooks Market by Segments

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By genre, the market is segmented into:

  • Fiction
  • Non-fiction

By preferred device, the market is classified into:

  • Smartphones
  • Laptops and Tablets
  • Personal Digital Assistants
  • Others

By distribution channel, the market is classified into:

  • One-time Download
  • Subscription-Based

By target audience, the market is segmented into:

  • Kids
  • Adults

By region, the market is divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Key Industry Players in the Global Audiobooks Market

The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Amazon Inc.
  • Apple Inc.
  • Audible, Inc.
  • Barnes and Noble Booksellers, Inc.
  • Downpour
  • Google
  • Playster
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Genre
  • Preferred Device
  • Distribution Channel
  • Target Audience
  • Region
Breakup by Genre
  • Fiction
  • Non-fiction
Breakup by Preferred Device
  • Smartphones
  • Laptops and Tablets
  • Personal Digital Assistants
  • Others
Breakup by Distribution Channel
  • One-time Download
  • Subscription-Based
Breakup by Target Audience
  • Kids
  • Adults
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Amazon Inc.
  • Apple Inc.
  • Audible, Inc.
  • Barnes and Noble Booksellers, Inc.
  • Downpour
  • Google
  • Playster
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global audiobooks market is projected to grow at a CAGR of 24.0% between 2025 and 2034.

The major drivers of the market include an increase in the number of people taking to audiobooks for various reasons, easy accessibility of these paperback copies, internet proliferation, and the prevalence of smart home technology.

Attractive offerings from audiobook service providers and expansion of the range of listening alternatives, such as smartphones, smart speakers are the key industry trends propelling the market's growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The various genres are fiction and non-fiction.

The preferred devices are smartphones, laptops and tablets, and personal digital assistants, among others.

The several distribution channels are one-time download and subscription-based.

The target audiences are kids and adults.

The major players in the industry are Amazon Inc., Apple Inc., Audible, Inc., Barnes and Noble Booksellers, Inc., Downpour, Google, and Playster, among others.

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