Industry Analysis & Industry Trends
There has been a revolution in the way consumers read and purchase books. Rather than going to local bookstores to seek out physical copies, consumers are increasingly buying print books and e-books online. E-books can be read using e-readers or tablets. Because numerous books can be stored on one device, e-books tend to be more accessible and convenient for customers. The local publishing industry is protected by parallel import restrictions (PIR), which prevent the large-scale importation of books that have been published domestically within 30 days of their international release. However, these PIR have affected the industry’s retail channels, with bricks-and-mortar retailers Borders and Angus & Robertson closing in February 2011, largely due to strong online competition... purchase to read more
Industry Report - Industry Products Chapter
Industry operators publish a wide variety of books. Educational and trade books account for the majority of industry revenue. Over the past five years, growth in book purchases from foreign websites has negatively affected the industry's other product segments.
Students require textbooks in primary, secondary and tertiary education. Within schools, universities and other tertiary education institutions, the majority of coursework uses one or more prescribed textbooks. As many of these textbooks are specific to Australian requirements, the majority are published by local operators, providing a consistent revenue stream for the industry... purchase to read more