PUBLISHER: The Business Research Company | PRODUCT CODE: 1712449
PUBLISHER: The Business Research Company | PRODUCT CODE: 1712449
Fiction books are literary works born from the author's imagination, rather than being strictly based on real events. They cover a wide range of genres, featuring created characters, settings, and storylines. By means of storytelling, fiction books entertain, stimulate reflection, and delve into the complexities of human life, offering readers the opportunity to connect with different worlds and viewpoints.
The primary categories of fiction literature include short stories, novellas, and novels. Novellas are shorter than full-length novels but longer than short stories, offering a unique narrative experience. Fiction books can be found in physical book format, electronic e-books, or as audiobooks, and they cover a wide range of genres, including action and adventure, young adult, crime/mystery, drama, horror/paranormal/ghost, science fiction, and various other genres. These works of fiction cater to readers of different age groups, including children, young adults, and adults.
The fiction books market research report is one of a series of new reports from The Business Research Company that provides fiction books market statistics, including fiction books industry global market size, regional shares, competitors with a fiction books market share, detailed fiction books market segments, market trends and opportunities, and any further data you may need to thrive in the fiction books industry. This fiction books market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The fiction books market size has grown steadily in recent years. It will grow from $11.16 billion in 2024 to $11.38 billion in 2025 at a compound annual growth rate (CAGR) of 2.0%. The growth in the historic period can be attributed to publishing industry growth, reader demand, literary awards and recognition, digital publishing, adaptations and media.
The fiction books market size is expected to see marginal growth in the next few years. It will grow to $12.09 billion in 2029 at a compound annual growth rate (CAGR) of 1.5%. The growth in the forecast period can be attributed to diversity and inclusivity, personalized reading recommendations, indie and self-published authors, global reach, sustainability and eco-friendly publishing. Major trends in the forecast period include genre blending, short fiction and anthologies, virtual book events, book subscription services, interactive and immersive formats.
The fiction books market is expected to experience growth, driven by the increasing sales of books through online channels. The growing number of active internet users has provided companies with the opportunity to reach a wide customer base. Notably, in August 2022, digital book sales in the US saw a 2.7% increase, generating over $90.7 million in e-book sales, as reported by the Association of American Publishers. The preference for online book purchases is driven by the extensive selection, cost savings through discounts and offers, and the convenience of shopping from any location at any time. Consequently, online book shopping is a significant factor boosting the fiction book market.
Major companies in the fiction book market are focusing on the development of artificial intelligence (AI) technology. AI-narrated books provide a unique literary experience by combining human creativity with machine precision. A recent example is Apple Inc.'s launch of a catalog of AI-narrated books on its Books app in January 2023. These AI-driven narrations feature a digital entity designed after a human narrator, offering potential cost and complexity reductions in audiobook production for authors and publishers. This innovation has the capacity to bring significant changes to the audiobook industry, with AI-driven narrations available for a range of genres, including fiction and romance.
To enhance accessibility and the reading experience of e-books, major companies in the fiction book market are actively pursuing strategic collaborations and partnerships. These strategic alliances benefit authors in improving their writing, gaining feedback from industry professionals, and reaching wider audiences. For instance, in May 2023, Pratilipi, an India-based online self-publishing and audiobook platform, partnered with HarperCollins Publishers LLC to introduce 200 fiction e-books on its platform. Pratilipi currently offers access to over 10 million stories, and this collaboration with HarperCollins aims to expand the platform's content library, providing readers with more high-quality choices. HarperCollins Publishers LLC is a US-based publishing company.
In June 2023, Lakeside Book Company, a US-based company specializing in printing, binding, and distribution, acquired Marquis Book Printing for an undisclosed amount. This acquisition is expected to have a significant impact on the fiction book market by boosting production capabilities, expanding distribution networks, and creating an environment that supports both established and emerging authors. Marquis Book Printing is a Canada-based manufacturer of fiction, non-fiction, and picture books.
Major companies operating in the fiction books market include Penguin Random House LLC, Hachette Livre, HarperCollins Publishers LLC, Macmillan Publishers, Simon & Schuster Inc., Turner Publishing Company, Chronicle Books LLC, Coffee House Press Inc., Scholastic Corporation, Bloomsbury Publishing PLC, Egmont Group, Candlewick Press Inc., Nosy Crow Ltd., Chicken House Ltd., Usborne Publishing Ltd., Walker Books Ltd., Abrams Books Inc., Sourcebooks Inc., Harlequin Enterprises Limited, Kensington Publishing Corp., Entangled Publishing LLC, Bold Strokes Books Inc., Bella Books Inc., Dreamspinner Press LLC, Carina Press, Riptide Publishing, Less Than Three Press LLC, Little Brown and Company, Tor Books, Orbit, Ace Books, DAW Books, Baen Books, Angry Robot, Night Shade Books, Pyr, Subterranean Press LLC
Asia-Pacific was the largest region in the fiction books market in 2024. Middle East is expected to be the fastest-growing region in the fiction books market during the forecast period. The regions covered in the fiction books market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the fiction books market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The fiction books market consists of revenues earned by entities by carrying out design, editing, and marketing activities necessary for producing and distributing fiction books for adults. These establishments may publish books in print, electronic, or audio form. The market value includes the value of related goods sold by the service provider or included within the service offering. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Fiction Books Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on fiction books market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for fiction books ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fiction books market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.