How many audiobooks are sold per year?
The association says that more than 71,000 audiobooks were published in the United States last year, a 39-percent increase in titles over those published in 2019. That’s the highest number on record, the report says, and that gain is the largest since 2015.
What is the market for audio books?
b. The global audiobooks market size was estimated at USD 2.67 billion in 2019 and is expected to reach USD 3.26 billion in 2020….
|Market size value in 2020||USD 3.3 billion|
|Revenue forecast in 2027||USD 15.0 billion|
|Growth Rate||CAGR of 24.4% from 2020 to 2027|
Is selling books on Audible profitable?
Audiobooks are a profitable industry. According to a recent study conducted by Pew Research, almost 20 percent of Americans listen to audiobooks. Because the cost to convert a book into an audiobook is low, the profit margin for audiobooks is on the higher side.
How many audible customers are there?
That’s 189 million subscriptions up for grabs, and if you add up the subscription numbers for New York Times, Wall Street Journal, and Washington Post — three of the most successful subscription publishers — then that’s still only 5% of the total number of potential subscribers out there!
How well do audiobooks sell?
Are audio books selling?
In fact, they’re currently the fastest growing segment of the digital publishing world. Audiobook sales accounted for over $2.5 billion dollars in 2017 — a 32% increase from the year before. Over that same period, more than 26 percent of the U.S. population listened to an audiobook.
Can you make money reading audiobooks?
The amount of money you’ll earn as an audiobook narrator will definitely depend on your experience and the publisher you work for. Some audiobook narrators get paid per hour of finished audio, but keep in mind: payment must also cover the amount of time you prepare, record, and edit your audio.
How much do audiobook sales increase each year?
Meanwhile, audiobook sales now amount to over one billion U.S. dollars in revenue, and the number of titles produced also grows each year. E-book sales are also on the up, though print will remain the dominant format for many years to come. From a retail standpoint the market has seen sweeping changes in recent years.
How many audiobooks are published each year in the US?
This growing demand for audiobooks can be seen in the fact that the number of audiobook titles published in the United States has grown from approximately 6,200 to over 50,00 in the same time frame. One of the major selling points of audiobooks is the capacity for on-the-go listening,…
Are audiobooks becoming more popular than ebooks?
While reading print books or ebooks is still more popular, audiobooks are the only format to have increased in popularity over the past year. Also, audiobooks are quickly catching up to ebooks.
Which retailers are getting into the audiobook market?
Retailers are increasingly getting into the audiobook market: Google Play is selling audiobooks, and Kobo is even a major hidden player in the audiobook industry.