DUBLIN--(BUSINESS WIRE)--The "Book Printing Market - Global Outlook and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The global book printing market is anticipated to reach values of around $49 billion by 2024, growing at a CAGR of more than 1% during 2018-2024.
The growing preference for offset printers and the rise in adoption of small and large-scale digital printing capabilities is expected to transform the market over the next few years. The rising trend of demand for shorter run printing jobs, fuelled by increasing self-publishing and print-on-demand orders will create lucrative opportunities for leading vendors operating in the market.
The increase in the sales of printed books signals the return of readers and customers toward this format. With helping from declining sales and demand for e-books, the printed books are witnessing an enduring appeal and demand. The books are becoming priced possessions and carry an image of objects of beauty.
Reading has also been one of the favourite pastimes of people of all ages across the globe, ranking after only to watching TV and listening to music. The publishers and book printers now invest significant time and resources to make beautiful and alluring books.
Market Growth Enablers
Increasing focus on education and student enrolments
- Increased access to improved book printing services
- Growing popularity of literature fests globally
- Online sales and digital publishing platforms boosting revenues
Market Growth Restraints
- Increasing information and entertainment delivery through connected devices
- Substitutes for printed books and textbooks expected to gain demand
- Availability of counterfeit and second-hand books
Market Opportunities & Trends
- The comeback of print
- Self-publishing and short-run digital printing
- Innovations in raw materials and printing technologies
Key Vendor Analysis
The global book printing market is highly fragmented with the majority of the business rolling in from the US, China, and Hong Kong. The leading vendors are focusing on adoption of small- and large-scale digital printing capabilities to sustain the intense competition in the global market. The recent trend of self-publishing and print-on-demand orders is expected to transform the competition level in the market.
The popularity of digital commerce and publishing platforms will create lucrative opportunities for leading players in the global market. The latest innovations in print technologies will help vendors increase their profitability in the global book printing market.
The major vendors in the global book printing market are:
- RR Donnelley & Sons
- Quad Graphics
- LSC Communications
- CPI Corporate
Key companies to watch in the global book printing market are:
- Toppan Printing Co
Other prominent vendors include
- Command Companies
- Transcontinental Inc
- Inky Little Fingers
- China South Publishing & Media Group Co Ltd
- Asia Korea Printing Inc
- Lion Rock Group
For more information about this report visit https://www.researchandmarkets.com/research/j4rbcv/49_billion_book?w=4