How many audio books are sold each 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.
Is the audiobook industry growing?
Report Overview. The global audiobooks market size was valued at USD 2.67 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 24.4% from 2020 to 2027. Audiobooks refer to the recordings that are being narrated by the authors or any other voiceover artists.
Are audiobooks growing in popularity?
The growing demand for audiobooks is evidenced by the number of audiobook titles published each year, which has increased tenfold over the last decade.
How big is the audiobook market?
A study conducted by Deloitte predicted that digital audiobook sales were to continue increasing, bringing in $1.5 billion in 2020. In fact, for the ninth straight year of double-digit growth, the audiobook revenue grew by 12% in 2020 to $1.3 billion.
Do audio books sell well?
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 profitable is Audible?
Month in and month out, we always get the same earnings amount. For a $19.95 audiobook, we earn a $4.15 royalty for an exclusive book, and $2.59 for non-exclusive.
What is audible revenue?
Annual Revenue (FY18): $ 2.5 Billion.
How much is the audiobook market worth?
Data on the size of the audiobook industry in the United States in 2020 showed that audiobook sales amounted to 1.3 billion U.S. dollars. The source calculated this figure based on data from 26 publishers, including Audible Inc., Hachette Audio, HarperCollins, Macmillan, Penguin Random House, and Simon & Schuster.
Where do most people buy audiobooks?
- Audible: Best audiobook service overall.
- Audiobooks.com: A superb app, and wide choice.
- Scribd: Best unlimited service.
- Kobo Audiobooks: Best value subscription.
- Google Play Books: Good for Android users.
- Apple Books: Good for iPhone users.
- Downpour: Best for casual readers / listeners.
How profitable is audible?
Are audio books 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. 2.
Is selling audiobooks on Audible profitable?
If your audiobook is sold exclusively on Audible, Amazon, and iTunes, you receive 40% of the profit, unless you have chosen to split that with your narrator. If you wish to make it non-exclusive, you only receive 25% royalty.