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Audiobooks Market Size, Share & Trends Analysis Report by Genre (Fiction & Non-Fiction), Preferred Device, Distribution Channel, Target Audience (Kids Mode, Adult), Region, and Segment Forecasts, 2024-2030

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    Report

  • 150 Pages
  • May 2024
  • Region: Global
  • Grand View Research
  • ID: 5626312
Description Jump to:
The global audiobooks market size is expected to reach USD 35.04 billion by 2030, growing at a CAGR of 26.2% from 2024 to 2030. The convergence of artificial intelligence (AI) and natural language processing (NLP) has revolutionized the audiobook market, enabling personalized recommendations, dynamic narration, and enhanced accessibility features.

The surge in demand for audiobook services from public libraries, retail bookstores, and online subscriptions is a significant driver for market expansion. Companies are constantly leveraging subscription-based audiobook services to cater to the increasing demand for convenient and comprehensive digital reading experiences. For instance, in February 2024, Rakuten Kobo unveiled its Kobo Plus subscription service to Taiwan and Hong Kong after launching it in the United States and Europe. The service includes features such as personalized recommendations and the ability to adjust narration speed, making the audiobook experience more engaging and user-friendly.

One of the key trends driving market growth is the increasing demand for audiobooks among different segments, including adults and kids. The convenience and accessibility offered by audiobooks make them a popular choice for consumers looking to enjoy literature on the go or while engaging in other activities. In addition, the availability of various types of audiobook formats such as MP3, Windows Media Audio, Advancaterdio Coding, and solid-state preloaded digital devices caters to diverse consumer preferences, further fueling market growth.

Moreover, technological advancements have enhanced the performance of audiobook services, making them more widely used across various end-user groups. Factors such as consumer behavior analysis and market dynamics, such as the growing popularity of online subscriptions and retail bookstores, are propelling the market expansion.

Audiobooks Market Report Highlights

  • Based on the genre, the fiction segment dominated the market in 2023. This can be attributed to self-publishing trends, subscription models, audiobooks and podcasts, sustainable printing practices, and diversity and inclusion initiatives.
  • Based on the preferred device segment, smartphone segment dominated the market in 2023. The growth of the segment is attributed to its widespread accessibility to audiobook platforms and libraries through dedicated apps or web browsers.
  • Based on the distribution channel segment, the one-time download segment dominated the market in 2023. One-time downloads allow consumers to make individual purchases as and when they desire, giving them more control over their spending and contributing to segmental growth.
  • Based on the target audience, adult segment dominated the market in 2023 owing to the diverse range of content available that caters specifically to adult audiences.
  • Based on region, North America dominated the market in 2023, owing to its advanced technological infrastructure and digital transformation initiatives.
  • In June 2023, Storytel, in partnership with ElevenLabs, an AI speech software provider, launched the VoiceSwitcher feature. This feature allows for enhanced personalization of the Storytel service through AI-narrated audiobooks, offering a unique listening experience tailored to individual preferences.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definitions
1.3. Information Procurement
1.3.1. Information Analysis
1.3.2. Market Formulation & Data Visualization
1.3.3. Data Validation & Publishing
1.4.4 Research Scope and Assumptions
1.4.5. List of Data Sources
Chapter 2. Executive Summary
2.1. Audiobooks Market Snapshot
2.2. Audiobooks Market- Segment Snapshot (1/2)
2.3. Audiobooks Market- Segment Snapshot (2/2)
2.4. Audiobooks Market- Competitive Landscape Snapshot
Chapter 3. Audiobooks Market - Industry Outlook
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.1.1. Rising Adoption of Smartphones and Digital Platforms
3.3.1.2. Growing Popularity of Audiobooks Among Various Age Groups
3.3.1.3. Integration of Advanced Technologies
3.3.2. Market Restraint Analysis
3.3.3. Industry Challenges
3.3.4. Industry Opportunities
3.4. Industry Analysis Tools
3.4.1. Porter’s Five Forces Analysis
3.4.2. Macroeconomic Analysis
3.5. Audiobooks Market - COVID-19 Impact Analysis
Chapter 4. Audiobooks Market: Genre Estimates & Trend Analysis
4.1. Genre Movement Analysis & Market Share, 2023 & 2030
4.2. Audiobooks Market Estimates & Forecast, by Genre (USD Million)
4.2.1. Fiction
4.2.2. Non-fiction
Chapter 5. Audiobooks Market: Preferred Device Estimates & Trend Analysis
5.1. Preferred Device Movement Analysis & Market Share, 2023 & 2030
5.2. Audiobooks Market Estimates & Forecast, by Preferred Device (USD Million)
5.2.1. Smartphones
5.2.2. Laptops and Tablets
5.2.3. Personal Digital Assistants/Voice-enabled Speakers
5.2.4. Others
Chapter 6. Audiobooks Market: Distribution Channel Estimates & Trend Analysis
6.1. Distribution Channel Movement Analysis & Market Share, 2023 & 2030
6.2. Audiobooks Market Estimates & Forecast, by Distribution Channel (USD Million)
6.2.1. One-time Download
6.2.2. Subscription-based
Chapter 7. Audiobooks Market: Target Audience Estimates & Trend Analysis
7.1. Target Audience Movement Analysis & Market Share, 2023 & 2030
7.2. Audiobooks Market Estimates & Forecast, by Target Audience (USD Million)
7.2.1. Kids
7.2.2. Adults
Chapter 8. Regional Estimates & Trend Analysis
8.1. Audiobooks Market by Region, 2023 & 2030
8.2. North America
8.2.1. North America Audiobooks Market Estimates & Forecasts, 2018-2030 (USD Million)
8.2.2. U.S.
8.2.3. Canada
8.3. Europe
8.3.1. Europe Audiobooks Market Estimates & Forecasts, 2018-2030 (USD Million)
8.3.2. UK
8.3.3. Germany
8.3.4. France
8.3.5. Italy
8.3.6. Spain
8.3.7. Russia
8.3.8. Nordic
8.4. Asia-Pacific
8.4.1. Asia-Pacific Audiobooks Market Estimates & Forecasts, 2018-2030 (USD Million)
8.4.2. China
8.4.3. Australia
8.4.4. Japan
8.4.5. India
8.4.6. South Korea
8.5. Latin America
8.5.1. Latin America Audiobooks Market Estimates & Forecasts, 2018-2030 (USD Million)
8.5.2. Brazil
8.5.3. Mexico
8.5.4. Argentina
8.5.5. Chile
8.6. Middle East & Africa (MEA)
8.6.1. MEA Audiobooks Market Estimates & Forecasts, 2018-2030 (USD Million)
8.6.2. Saudi Arabia
8.6.3. South Africa
8.6.4. UAE
8.6.5. Egypt
8.6.6. Turkey
Chapter 9. Audiobooks Market - Competitive Landscape
9.1. Recent Developments & Impact Analysis, by Key Market Participants
9.2. Company Categorization
9.3. Participant’s Overview
9.4. Financial Performance
9.5. Product Benchmarking
9.6. Company Market Positioning
9.7. Company Market Share Analysis, 2023
9.8. Company Heat Map Analysis
9.9. Strategy Mapping
9.9.1. Partnerships
9.9.2. New Product Launches
9.9.3. Merger & Acquisition
9.9.4. Expansion
9.10. Company Profiles
9.10.1. Amazon.com, Inc.
9.10.1.1. Participant’s Overview
9.10.1.2. Financial Performance
9.10.1.3. Product Benchmarking
9.10.1.4. Recent Developments
9.10.2. Apple Inc
9.10.2.1. Participant’s Overview
9.10.2.2. Financial Performance
9.10.2.3. Product Benchmarking
9.10.2.4. Recent Developments
9.10.3. Audible, Inc
9.10.3.1. Participant’s Overview
9.10.3.2. Financial Performance
9.10.3.3. Product Benchmarking
9.10.3.4. Recent Developments
9.10.4. Barnes & Noble Booksellers, Inc
9.10.4.1. Participant’s Overview
9.10.4.2. Financial Performance
9.10.4.3. Product Benchmarking
9.10.4.4. Recent Developments
9.10.5. Downpour.com
9.10.5.1. Participant’s Overview
9.10.5.2. Financial Performance
9.10.5.3. Product Benchmarking
9.10.5.4. Recent Developments
9.10.6. Google LLC
9.10.6.1. Participant’s Overview
9.10.6.2. Financial Performance
9.10.6.3. Product Benchmarking
9.10.6.4. Recent Developments
9.10.7. Playster (Softonic International)
9.10.7.1. Participant’s Overview
9.10.7.2. Financial Performance
9.10.7.3. Product Benchmarking
9.10.7.4. Recent Developments
9.10.8. Rakuten Group, Inc
9.10.8.1. Participant’s Overview
9.10.8.2. Financial Performance
9.10.8.3. Product Benchmarking
9.10.8.4. Recent Developments
9.10.9. Storytel AB
9.10.9.1. Participant’s Overview
9.10.9.2. Financial Performance
9.10.9.3. Product Benchmarking
9.10.9.4. Recent Developments
9.10.10. VoiceVerse
9.10.10.1. Participant’s Overview
9.10.10.2. Financial Performance
9.10.10.3. Product Benchmarking
9.10.10.4. Recent Developments
9.10.11. W.F. Howes Ltd
9.10.11.1. Participant’s Overview
9.10.11.2. Financial Performance
9.10.11.3. Product Benchmarking
9.10.11.4. Recent Developments
List of Tables
Table 1 Global Audiobooks Market by Smartphones, by Region, 2018-2030 (USD Million)
Table 2 Global Audiobooks Market by Laptops & Tablets , by Region, 2018-2030 (USD Million)
Table 3 Global Audiobooks Market by Personal Digital Assistants, by Region, 2018-2030 (USD Million)
Table 4 Global Audiobooks Market by Other Devices, by Region, 2018-2030 (USD Million)
Table 5 Global Audiobooks Market by Region, Based on One-time Download 2018-2030 (USD Million)
Table 6 Global Audiobooks Market by Region, Based on Subscription Model 2018-2030 (USD Million)
Table 7 Global Audiobooks Market for Kids, by Region, 2018-2030 (USD Million)
Table 8 Global Audiobooks Market for Adults, by Region, 2018-2030 (USD Million)
Table 9 North America Audiobooks Market by Genre, 2018-2030 (USD Million)
Table 10 North America Audiobooks Market by Preferred Device, 2018-2030 (USD Million)
Table 11 North America Audiobooks Market by Distribution Channel, 2018-2030 (USD Million)
Table 12 North America Audiobooks Market by Target Audience, 2018-2030 (USD Million)
Table 13 U.S. Audiobooks Market by Genre, 2018-2030 (USD Million)
Table 14 U.S. Audiobooks Market by Preferred Device, 2018-2030 (USD Million)
Table 15 U.S. Audiobooks Market by Distribution Channel, 2018-2030 (USD Million)
Table 16 U.S. Audiobooks Market by Target Audience, 2018-2030 (USD Million)
Table 17 Canada Audiobooks Market by Genre, 2018-2030 (USD Million)
Table 18 Canada Audiobooks Market by Preferred Device, 2018-2030 (USD Million)
Table 19 Canada Audiobooks Market by Distribution Channel, 2018-2030 (USD Million)
Table 20 Canada Audiobooks Market by Target Audience, 2018-2030 (USD Million)
Table 21 Europe Audiobooks Market by Genre, 2018-2030 (USD Million)
Table 22 Europe Audiobooks Market by Preferred Device, 2018-2030 (USD Million)
Table 23 Europe Audiobooks Market by Distribution Channel, 2018-2030 (USD Million)
Table 24 Europe Audiobooks Market by Target Audience, 2018-2030 (USD Million)
Table 25 UK Audiobooks Market by Genre, 2018-2030 (USD Million)
Table 26 UK Audiobooks Market by Preferred Device, 2018-2030 (USD Million)
Table 27 UK Audiobooks Market by Distribution Channel, 2018-2030 (USD Million)
Table 28 UK Audiobooks Market by Target Audience, 2018-2030 (USD Million)
Table 29 Germany Audiobooks Market by Genre, 2018-2030 (USD Million)
Table 30 Germany Audiobooks Market by Preferred Device, 2018-2030 (USD Million)
Table 31 Germany Audiobooks Market by Distribution Channel, 2018-2030 (USD Million)
Table 32 Germany Audiobooks Market by Target Audience, 2018-2030 (USD Million)
Table 33 France Audiobooks Market by Genre, 2018-2030 (USD Million)
Table 34 France Audiobooks Market by Preferred Device, 2018-2030 (USD Million)
Table 35 France Audiobooks Market by Distribution Channel, 2018-2030 (USD Million)
Table 36 France Audiobooks Market by Target Audience, 2018-2030 (USD Million)
Table 37 Italy Audiobooks Market by Genre, 2018-2030 (USD Million)
Table 38 Italy Audiobooks Market by Preferred Device, 2018-2030 (USD Million)
Table 39 Italy Audiobooks Market by Distribution Channel, 2018-2030 (USD Million)
Table 40 Italy Audiobooks Market by Target Audience, 2018-2030 (USD Million)
Table 41 Spain Audiobooks Market by Genre, 2018-2030 (USD Million)
Table 42 Spain Audiobooks Market by Preferred Device, 2018-2030 (USD Million)
Table 43 Spain Audiobooks Market by Distribution Channel, 2018-2030 (USD Million)
Table 44 Spain Audiobooks Market by Target Audience, 2018-2030 (USD Million)
Table 45 Russia Audiobooks Market by Genre, 2018-2030 (USD Million)
Table 46 Russia Audiobooks Market by Preferred Device, 2018-2030 (USD Million)
Table 47 Russia Audiobooks Market by Distribution Channel, 2018-2030 (USD Million)
Table 48 Russia Audiobooks Market by Target Audience, 2018-2030 (USD Million)
Table 49 Nordic Countries Audiobooks Market by Genre, 2018-2030 (USD Million)
Table 50 Nordic Countries Audiobooks Market by Preferred Device, 2018-2030 (USD Million)
Table 51 Nordic Countries Audiobooks Market by Distribution Channel, 2018-2030 (USD Million)
Table 52 Nordic Countries Audiobooks Market by Target Audience, 2018-2030 (USD Million)
Table 53 Asia-Pacific Audiobooks Market by Genre, 2018-2030 (USD Million)
Table 54 Asia-Pacific Audiobooks Market by Preferred Device, 2018-2030 (USD Million)
Table 55 Asia-Pacific Audiobooks Market by Distribution Channel, 2018-2030 (USD Million)
Table 56 Asia-Pacific Audiobooks Market by Target Audience, 2018-2030 (USD Million)
Table 57 China Audiobooks Market by Genre, 2018-2030 (USD Million)
Table 58 China Audiobooks Market by Preferred Device, 2018-2030 (USD Million)
Table 59 China Audiobooks Market by Distribution Channel, 2018-2030 (USD Million)
Table 60 China Audiobooks Market by Target Audience, 2018-2030 (USD Million)
Table 61 Australia Audiobooks Market by Genre, 2018-2030 (USD Million)
Table 62 Australia Audiobooks Market by Preferred Device, 2018-2030 (USD Million)
Table 63 Australia Audiobooks Market by Distribution Channel, 2018-2030 (USD Million)
Table 64 Australia Audiobooks Market by Target Audience, 2018-2030 (USD Million)
Table 65 Japan Audiobooks Market by Genre, 2018-2030 (USD Million)
Table 66 Japan Audiobooks Market by Preferred Device, 2018-2030 (USD Million)
Table 67 Japan Audiobooks Market by Distribution Channel, 2018-2030 (USD Million)
Table 68 Japan Audiobooks Market by Target Audience, 2018-2030 (USD Million)
Table 69 Latin America Audiobooks Market by Genre, 2018-2030 (USD Million)
Table 70 Latin America Audiobooks Market by Preferred Device, 2018-2030 (USD Million)
Table 71 Latin America Audiobooks Market by Distribution Channel, 2018-2030 (USD Million)
Table 72 Latin America Audiobooks Market by Target Audience, 2018-2030 (USD Million)
Table 73 Brazil Audiobooks Market by Genre, 2018-2030 (USD Million)
Table 74 Brazil Audiobooks Market by Preferred Device, 2018-2030 (USD Million)
Table 75 Brazil Audiobooks Market by Distribution Channel, 2018-2030 (USD Million)
Table 76 Brazil Audiobooks Market by Target Audience, 2018-2030 (USD Million)
Table 77 Mexico Audiobooks Market by Genre, 2018-2030 (USD Million)
Table 78 Mexico Audiobooks Market by Preferred Device, 2018-2030 (USD Million)
Table 79 Mexico Audiobooks Market by Distribution Channel, 2018-2030 (USD Million)
Table 80 Mexico Audiobooks Market by Target Audience, 2018-2030 (USD Million)
Table 81 MEA Audiobooks Market by Genre, 2018-2030 (USD Million)
Table 82 MEA Audiobooks Market by Preferred Device, 2018-2030 (USD Million)
Table 83 MEA Audiobooks Market by Distribution Channel, 2018-2030 (USD Million)
Table 84 MEA Audiobooks Market by Target Audience, 2018-2030 (USD Million)
List of Figures
Figure 1 Market Segmentation and Scope
Figure 2 Information Procurement
Figure 3 Data Analysis Models
Figure 4 Market Formulation and Validation
Figure 5 Data Validating & Publishing
Figure 6 Market Snapshot
Figure 7 Segment Snapshot (1/2)
Figure 8 Segment Snapshot (2/2)
Figure 9 Competitive Landscape Snapshot
Figure 10 Global Audiobooks, 2018-2030 (USD Million)
Figure 11 Audiobooks Market - Value Chain Analysis
Figure 12 Audiobooks Market - Market Dynamics
Figure 13 Audiobooks Market - Porter’s Five Forces Analysis
Figure 14 Audiobooks Market - PESTEL Analysis
Figure 15 Audiobooks, by Genre: Key Takeaways
Figure 16 Audiobooks, by Genre: Market Share, 2024 & 2030
Figure 17 Fiction Audiobooks Market Estimates & Forecasts, 2018-2030 (USD Million)
Figure 18 Non-Fiction Audiobooks Market Estimates & Forecasts, 2018-2030 (USD Million)
Figure 19 Audiobooks, by Preferred Device : Key Takeaways
Figure 20 Audiobooks, by Preferred Device : Market Share, 2024 & 2030
Figure 21 Smartphones Market Estimates & Forecasts, 2018-2030 (USD Million)
Figure 22 Laptops & Tablets Market Estimates & Forecasts, 2018-2030 (USD Million)
Figure 23 Personal Digital Assistants/Voice Enabled Speakers Estimates & Forecasts, 2018-2030 (USD Million)
Figure 24 Others Market Estimates & Forecasts, 2018-2030 (USD Million)
Figure 25 Audiobooks, by Distribution Channel : Key Takeaways
Figure 26 Audiobooks, by Distribution Channel : Market Share, 2024 & 2030
Figure 27 One-time Download Audiobooks Market Estimates & Forecasts, 2018-2030 (USD Million)
Figure 28 Subscription-based Audiobooks Market Estimates & Forecasts, 2018-2030 (USD Million)
Figure 29 Audiobooks, by Target Audience : Key Takeaways
Figure 30 Audiobooks, by Target Audience : Market Share , 2024 & 2030
Figure 31 Kids Market Estimates & Forecasts, 2018-2030 (USD Million)
Figure 32 Adults Market Estimates & Forecasts, 2018-2030 (USD Million)
Figure 33 Audiobooks Market Revenue by Region, 2024 & 2030 (USD Million)
Figure 34 Regional Marketplace: Key Takeaways
Figure 35 Regional Marketplace: Key Takeaways
Figure 36 North America Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 37 U.S. Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 38 Canada Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 39 Europe Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 40 Germany Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 41 UK Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 42 France Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 43 Italy Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 44 Spain Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 45 Russia Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 46 Nordic Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 47 Asia-Pacific Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 48 China Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 49 Australia Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 50 India Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 51 Japan Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 52 South Korea Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 53 Latin America Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 54 Brazil Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 55 Mexico Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 56 Argentina Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 57 Chile Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 58 MEA Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 59 Saudi Arabia Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 60 South Africa Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 61 UAE Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 62 Egypt Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 63 Turkey Audiobooks Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 64 Key Company Categorization
Figure 65 Company Market Share Analysis, 2023
Figure 66 Strategic Framework

Companies Mentioned

  • Amazon.com, Inc.
  • Apple Inc
  • Audible, Inc
  • Barnes & Noble Booksellers, Inc
  • Downpour.com
  • Google LLC
  • Playster (Softonic International)
  • Rakuten Group, Inc
  • Storytel AB
  • VoiceVerse
  • W.F. Howes Ltd

Methodology

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Table Information

Report AttributeDetails
No. of Pages150
PublishedMay 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 6.83 Billion
Forecasted Market Value ( USD ) by 2030 $ 35.04 Billion
Compound Annual Growth Rate26.2%
Regions CoveredGlobal
No. of Companies Mentioned11

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