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Europe Audiobooks Market Size, Share, Trends, Analysis: By Genre: Fiction, Non-Fiction; By Preferred Device: Smartphones, Laptops and Tablets, Personal Digital Assistants, Others; By Distribution Channel: One-time Download, Subscription-Based; By Target Audience: Kids, Adults; Regional Analysis; Competitive Landscape; 2024-2032
Europe Audiobooks Market Size
The Europe audiobooks market reached approximately USD 1.39 billion in 2023. The market is projected to grow at a CAGR of 9.40% between 2024 and 2032, reaching a value of around USD 3.11 billion by 2032.
Europe Audiobooks Market Outlook
- As per the Publishers Association (PA), the UK audiobook sector witnessed an increase of 17 per cent between 2022 and 2023.
- The fiction genre is the most popular genre of audiobooks globally, including in European countries, due to the rising interest in sci-fi and mystery books.
- Spotify announced that its European users would have access to audiobooks and subscription plans directly through the music-streaming app from March 2024.
Europe Audiobooks Market Growth
The proliferation of smart devices, the burgeoning popularity of audiobooks among regular commuters to pass the time, and the growth of subscription models are some of the crucial market drivers. Audiobooks offer a great way to make long commutes in many European cities more productive and enjoyable, thus promoting their increased usage.
Europe's rich linguistic diversity presents a multitude of opportunities to the market players and book publishers for the production of audiobooks in several languages. This allows for catering to diverse linguistic groups and serves as a means to promote and celebrate cultural diversity within the region.
Audiobooks are becoming increasingly popular as more and more book titles are being released in this format. Publishers are not only converting printed books into audiobooks but are also putting emphasis on producing content exclusively for audiobooks to cater to the growing niche segment of readers.
Europe Audiobooks Industry Segmentation
“Europe Audiobooks Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Genre
- Fiction
- Non-Fiction
Market Breakup by Preferred Device
- Smartphones
- Laptops and Tablets
- Personal Digital Assistants
- Others
Market Breakup by Distribution Channel
- One-time Download
- Subscription-Based
Market Breakup by Target Audience
- Kids
- Adults
Market Breakup by Country
- United Kingdom
- Germany
- France
- Italy
- Others
Europe Audiobooks Market Share
Based on genre, the market is divided into fiction and non-fiction. Fiction audiobooks account for a major market share as fiction books consist of a wide range of genres, including classics, literary works, thrillers, and science fiction which provide great means of entertainment for those who enjoy listening to books. Moreover, a factor which makes them especially appealing is their ability to be enjoyed passively, making them perfect companions for activities such as commuting, and exercising, among others.
Leading Companies in the Europe Audiobooks Market
The market participants are increasingly using social media for the promotion of audiobooks to gain a competitive edge in the market.
- Amazon.com Inc.
- Apple Inc.
- Barnes & Noble Booksellers, Inc.
- Rakuten Group, Inc.
- Google LLC
- Blackstone Audio, Inc.
- Storytel AB
- W. F. Howes Ltd.
- Penguin Random House Co.
- Storytec Ltd.
- Bolinda Digital Pty Ltd.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Genre |
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| Breakup by Preferred Device |
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| Breakup by Distribution Channel |
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| Breakup by Target Audience |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Audiobooks Market Overview
8.1 Key Industry Highlights
8.2 Global Audiobooks Historical Market (2018-2023)
8.3 Global Audiobooks Market Forecast (2024-2032)
8.4 Global Audiobooks Market Breakup by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Europe Audiobooks Market Overview
9.1 Key Industry Highlights
9.2 Europe Audiobooks Historical Market (2018-2023)
9.3 Europe Audiobooks Market Forecast (2024-2032)
10 Europe Audiobooks Market by Genre
10.1 Fiction
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Non-Fiction
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Europe Audiobooks Market by Preferred Device
11.1 Smartphones
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Laptops and Tablets
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Personal Digital Assistants
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Europe Audiobooks Market by Distribution Channel
12.1 One-time Download
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Subscription-Based
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Europe Audiobooks Market by Target Audience
13.1 Kids
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Adults
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Europe Audiobooks Market by Country
14.1 United Kingdom
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Germany
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 France
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Italy
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Amazon.com Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Apple Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Barnes & Noble Booksellers, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Rakuten Group, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Google LLC
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Blackstone Audio, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Storytel AB
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 W. F. Howes Ltd.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Penguin Random House Co.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Storytec Ltd.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Bolinda Digital Pty Ltd.
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Audiobooks Market: Key Industry Highlights, 2018 and 2032
2. Europe Audiobooks Market: Key Industry Highlights, 2018 and 2032
3. Europe Audiobooks Historical Market: Breakup by Genre (USD Billion), 2018-2023
4. Europe Audiobooks Market Forecast: Breakup by Genre (USD Billion), 2024-2032
5. Europe Audiobooks Historical Market: Breakup by Preferred Device (USD Billion), 2018-2023
6. Europe Audiobooks Market Forecast: Breakup by Preferred Device (USD Billion), 2024-2032
7. Europe Audiobooks Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. Europe Audiobooks Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. Europe Audiobooks Historical Market: Breakup by Target Audience (USD Billion), 2018-2023
10. Europe Audiobooks Market Forecast: Breakup by Target Audience (USD Billion), 2024-2032
11. Europe Audiobooks Historical Market: Breakup by Country (USD Billion), 2018-2023
12. Europe Audiobooks Market Forecast: Breakup by Country (USD Billion), 2024-2032
13. Europe Audiobooks Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 1.39 billion.
The market is estimated to grow at a CAGR of 9.40% between 2024 and 2032.
The Europe audiobooks market is estimated to witness a healthy growth during 2024-2032 to reach around USD 3.11 billion by 2032.
The market is being driven due to proliferation of smart devices, the burgeoning popularity of audiobooks among regular commuters to pass the time, and the growth of subscription models.
The key trends aiding the market include Europe's rich linguistic diversity leading to increased production of audiobooks in several languages and conversion of a large number of book titles into audiobooks.
Countries considered in the market are the United Kingdom, Germany, France, and Italy, among others.
Based on genre, market segmentations include fiction and non-fiction.
Different preferred devices are smartphones, laptops and tablets, and personal digital assistants, among others.
The major players in the market are Amazon.com Inc., Apple Inc., Barnes & Noble Booksellers, Inc., Rakuten Group, Inc., Google LLC, Blackstone Audio, Inc., Storytel AB, W. F. Howes Ltd., Penguin Random House Co., Storytec Ltd., and Bolinda Digital Pty Ltd., among others.
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