Audiobook market in Europe to grow by USD 1,862.49 million from 2022 to 2027|Proliferation of smart devices and applications boost the market - Technavio

NEW YORK, July 24, 2023 /PRNewswire/ -- The global audiobook market size in Europe is estimated to grow by USD 1,862.49 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 20.37% during the forecast period. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

What's New?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - buy the report!

Audiobook market in Europe - Segmentation Assessment
Segment Overview
This report extensively covers market segmentation by age group (adults and kids) and genre (non-fiction and fiction).

• The adults segment will be significant for market growth during the forecast period. Consumer audiobooks include adult fiction and other fiction genres. They are mainly purchased by individual end-users and the demand for fiction books increases due to the evolving reading habits of individuals and leisure reading. Additionally, commercial fiction pertains to books from genres such as science fiction, thriller, romantic, teen fiction, and young adults' books. Hence, such factors drive the adult segment's growth during the forecast period. 

Insights on the market contribution of various segments, including country and region wise historic market data (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report

Audiobook market in Europe – Market Dynamics
Key factor driving market growth
The proliferation of smart devices and applications drives the growth of the audiobook market in Europe. The adoption of mobile devices is attributed to factors such as the extensive use of technology and the digitization of processes. Furthermore, the increasing number of localized versions of online audiobooks is expected to expand the reach of audiobooks.

Additionally, market vendors offer audiobooks that are compatible with smartphone devices. As a result of the lower content procurement costs and ease of accessing content, higher education learners and institutions are opting for audiobooks over traditional textbooks. Hence, the proliferation of smart devices and applications is expected to drive the growth of the audiobook market in Europe during the forecast period.

Leading trends influencing the market 

The growing popularity of online education and digital literacy is an emerging audiobook market trend. Rapid digitization and the rising availability of mobile devices can help educators provide high-quality education to students. Thus, educators rely on a blend of face-to-face and online instruction. Resultantly, several universities and colleges have started offering e-learning programs that include audiobooks.

Also, students can participate in live web classes, join interactive discussions, read audiobooks, and connect with their teachers. Furthermore, online education allows students to take part in online clubs and virtual field trips. Hence, the rising demand for online education is expected to drive the growth of the audiobook market in Europe during the forecast period.

Major challenges hindering the market growth

The inefficient management of audiobook content challenges the growth of the audiobook market in Europe. Generally, digitization includes the customization of products and services, which necessitate the implementation of data and content analytics. But most publishers have obsolete data and content management systems.

Also, audiobook publishers require efficient media management techniques, robust infrastructure, and automation capabilities, to ensure that various multimedia features are added and updated easily. Hence, factors such as inefficient management of audiobook content are expected to hinder the growth of the regional audiobook market in Europe during the forecast period.

Insights on Market Drivers, Trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this audiobook market in Europe report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the audiobook market in Europe between 2023 and 2027
• Precise estimation of the size of the audiobook market in Europe and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the audiobook market across Europe
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of audiobook market in Europe vendors

Gain instant access to 17,000+ market research reports. 

Technavio's SUBSCRIPTION platform

Related Reports:

The global e-book market size is estimated to grow by USD 8,316.2 million between 2022 and 2027 accelerating at a CAGR of 7.7%. This report extensively covers market segmentation by platform (smartphones, tablets, and laptops), product (consumer ebook, professional ebook, and educational ebook), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The proliferation of smart devices and applications is notably driving market growth. 

The digital comic book market size is estimated to grow at a CAGR of 8.34% between 2022 and 2027. The market size is forecast to increase by USD 2,266.18 million. This digital comic book market report extensively covers market segmentation by type (paid and free), genre (science-fiction, manga, superhero, non-fiction, and others), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The increasing demand for digital comic books is the key factor driving the growth of the market. 

Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Age Group
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Genre
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Regional - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Europe: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Regional - Market size and forecast 2022-2027 ($ million)

4 Historic Market Size

• 4.1 Audiobook Market in Europe 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on audiobook market in Europe 2017 - 2021 ($ million)

• 4.2 Age Group Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Age Group Segment 2017 - 2021 ($ million)

• 4.3 Genre Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Genre Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 22: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 25: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 26: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 27: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 28: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Age Group

• 6.1 Market segments
• Exhibit 29: Chart on Age Group - Market share 2022-2027 (%)
• Exhibit 30: Data Table on Age Group - Market share 2022-2027 (%)

• 6.2 Comparison by Age Group 
• Exhibit 31: Chart on Comparison by Age Group
• Exhibit 32: Data Table on Comparison by Age Group

• 6.3 Adult - Market size and forecast 2022-2027 
• Exhibit 33: Chart on Adult - Market size and forecast 2022-2027 ($ million)
• Exhibit 34: Data Table on Adult - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Chart on Adult - Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Adult - Year-over-year growth 2022-2027 (%)

• 6.4 Kids - Market size and forecast 2022-2027 
• Exhibit 37: Chart on Kids - Market size and forecast 2022-2027 ($ million)
• Exhibit 38: Data Table on Kids - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Chart on Kids - Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on Kids - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Age Group 
• Exhibit 41: Market opportunity by Age Group ($ million)
• Exhibit 42: Data Table on Market opportunity by Age Group ($ million)

7 Market Segmentation by Genre

• 7.1 Market segments
• Exhibit 43: Chart on Genre - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Genre - Market share 2022-2027 (%)

• 7.2 Comparison by Genre
• Exhibit 45: Chart on Comparison by Genre
• Exhibit 46: Data Table on Comparison by Genre

• 7.3 Non-fiction - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Non-fiction - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Non-fiction - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Non-fiction - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Non-fiction - Year-over-year growth 2022-2027 (%)

• 7.4 Fiction - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Fiction - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Fiction - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Fiction - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Fiction - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Genre 
• Exhibit 55: Market opportunity by Genre ($ million)
• Exhibit 56: Data Table on Market opportunity by Genre ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 58: Chart on Market share by geography - 2022-2027 (%)
• Exhibit 59: Data Table on Market share by geography - 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 60: Chart on Geographic comparison
• Exhibit 61: Data Table on Geographic comparison

• 9.3 Germany - Market size and forecast 2022-2027 
• Exhibit 62: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 65: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.4 UK - Market size and forecast 2022-2027 
• Exhibit 66: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 69: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.5 The Netherlands - Market size and forecast 2022-2027 
• Exhibit 70: Chart on The Netherlands - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Data Table on The Netherlands - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Chart on The Netherlands - Year-over-year growth 2022-2027 (%)
• Exhibit 73: Data Table on The Netherlands - Year-over-year growth 2022-2027 (%)

• 9.6 France - Market size and forecast 2022-2027 
• Exhibit 74: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 77: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.7 Rest of Europe - Market size and forecast 2022-2027 
• Exhibit 78: Chart on Rest of Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Data Table on Rest of Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Chart on Rest of Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 81: Data Table on Rest of Europe - Year-over-year growth 2022-2027 (%)

• 9.8 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ million)
• Exhibit 83: Data Table on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 84: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 85: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 86: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 87: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 88: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 89: Matrix on vendor position and classification

• 12.3 Alphabet Inc.
• Exhibit 90: Alphabet Inc. - Overview
• Exhibit 91: Alphabet Inc. - Business segments
• Exhibit 92: Alphabet Inc. - Key news
• Exhibit 93: Alphabet Inc. - Key offerings
• Exhibit 94: Alphabet Inc. - Segment focus

• 12.4 Amazon.com Inc.
• Exhibit 95: Amazon.com Inc. - Overview
• Exhibit 96: Amazon.com Inc. - Business segments
• Exhibit 97: Amazon.com Inc. - Key news
• Exhibit 98: Amazon.com Inc. - Key offerings
• Exhibit 99: Amazon.com Inc. - Segment focus

• 12.5 Apple Inc.
• Exhibit 100: Apple Inc. - Overview
• Exhibit 101: Apple Inc. - Business segments
• Exhibit 102: Apple Inc. - Key news
• Exhibit 103: Apple Inc. - Key offerings
• Exhibit 104: Apple Inc. - Segment focus

• 12.6 Barnes and Noble Booksellers Inc. 
• Exhibit 105: Barnes and Noble Booksellers Inc. - Overview
• Exhibit 106: Barnes and Noble Booksellers Inc. - Product / Service
• Exhibit 107: Barnes and Noble Booksellers Inc. - Key offerings

• 12.7 Bertelsmann SE and Co. KGaA 
• Exhibit 108: Bertelsmann SE and Co. KGaA - Overview
• Exhibit 109: Bertelsmann SE and Co. KGaA - Business segments
• Exhibit 110: Bertelsmann SE and Co. KGaA - Key news
• Exhibit 111: Bertelsmann SE and Co. KGaA - Key offerings
• Exhibit 112: Bertelsmann SE and Co. KGaA - Segment focus

• 12.8 Blackstone Audio Inc. 
• Exhibit 113: Blackstone Audio Inc. - Overview
• Exhibit 114: Blackstone Audio Inc. - Product / Service
• Exhibit 115: Blackstone Audio Inc. - Key offerings

• 12.9 News Corp.
• Exhibit 116: News Corp. - Overview
• Exhibit 117: News Corp. - Business segments
• Exhibit 118: News Corp. - Key offerings
• Exhibit 119: News Corp. - Segment focus

• 12.10 Podium Publishing ULC 
• Exhibit 120: Podium Publishing ULC - Overview
• Exhibit 121: Podium Publishing ULC - Product / Service
• Exhibit 122: Podium Publishing ULC - Key offerings

• 12.11 Rakuten Group Inc.
• Exhibit 123: Rakuten Group Inc. - Overview
• Exhibit 124: Rakuten Group Inc. - Business segments
• Exhibit 125: Rakuten Group Inc. - Key offerings
• Exhibit 126: Rakuten Group Inc. - Segment focus

• 12.12 RBmedia
• Exhibit 127: RBmedia - Overview
• Exhibit 128: RBmedia - Product / Service
• Exhibit 129: RBmedia - Key offerings

• 12.13 Scribd Inc.
• Exhibit 130: Scribd Inc. - Overview
• Exhibit 131: Scribd Inc. - Product / Service
• Exhibit 132: Scribd Inc. - Key offerings

• 12.14 Storytel AB
• Exhibit 133: Storytel AB - Overview
• Exhibit 134: Storytel AB - Business segments
• Exhibit 135: Storytel AB - Key offerings
• Exhibit 136: Storytel AB - Segment focus

• 12.15 Ulverscroft Ltd.
• Exhibit 137: Ulverscroft Ltd. - Overview
• Exhibit 138: Ulverscroft Ltd. - Product / Service
• Exhibit 139: Ulverscroft Ltd. - Key offerings

• 12.16 Vivendi SE
• Exhibit 140: Vivendi SE - Overview
• Exhibit 141: Vivendi SE - Business segments
• Exhibit 142: Vivendi SE - Key offerings
• Exhibit 143: Vivendi SE - Segment focus

• 12.17 W.F. Howes Ltd.
• Exhibit 144: W.F. Howes Ltd. - Overview
• Exhibit 145: W.F. Howes Ltd. - Product / Service
• Exhibit 146: W.F. Howes Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 147: Inclusions checklist
• Exhibit 148: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 149: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 150: Research methodology
• Exhibit 151: Validation techniques employed for market sizing
• Exhibit 152: Information sources

• 13.5 List of abbreviations 
• Exhibit 153: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio