U.S. eBook Sales to Surpass Printed Book Sales in 2017
The U.S. eBook market will surpass the printed book market in 2017. That's according to a projection by PwC (PricewaterhouseCoopers), who published its annual "Entertainment & Media Outlook" this week.
PwC estimates that trade eBooks (excluding educational publications) will reach $8.2 billion in sales by 2017 to surpass printed book sales, which are expected to fall from $11.9 billion in 2012 to $7.9 billion in 2017. Overall book sales are expected to stay below their 2008 level, as eBook sales fail to fully offset the decline in printed book sales.
Does this mean we are reading less? Probably not! Even if book sales remained unchanged in terms of units, the shift to eBooks would lead to a decline in dollar sales, as the average selling price for eBooks is lower than it is for printed books.
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- Net revenue of the book publishing industry in the United States from 2008 to 2013 (in billion U.S. dollars)
Revenue of the U.S. book publishing industry 2008-2013
- How many books do you typically read in an average year?
Book consumption per capita in the U.S. 2010-2014
- Revenue of the largest book publishers worldwide in 2012 (in billion U.S. dollars)
Revenue of the largest book publishers worldwide in 2012
- E-book sales revenue in the U.S. from 2008 to 2012E-book sales revenue in the U.S. from 2008 to 2012
- E-book share of total consumer book sales in the U.S. from 2009 to 2015E-book share of total consumer book sales in the U.S. from 2009 to 2015
- E-book sales revenue in the U.S. from 2008 to 2017E-book sales revenue in the U.S. from 2008 to 2017
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