Closing the book: The removal of PIRs would likely be disastrous for local publishers

The Book Publishing industry is declining, with revenue forecast to fall at an annualised 1.3% over the five years through 2018-19, to $1.4 billion. Consumers have been increasingly buying print books and ebooks online rather than shopping at local bookstores. Ebooks are read on ereaders or tablets, and offer consumers a convenient platform for reading and collecting large volumes of books without needing the physical space to store them. Furthermore, changes to the industry's regulatory environment are affecting domestic publishers. Traditionally, local publishers have relied on parallel import restrictions (PIRs) to protect the Australian industry...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 14-19
-1.3%
Forecast Growth 19-24
x.x%lock
Profit
x.x%lock
Employment
4,780
Businesses
1,024
Market Share of Companies

Industry Threats & Opportunities

  • Consumers have continued to purchase products online, negatively affecting industry revenue
  • Trade books are often produced in large print runs to maximise economies of scale
  • Australian online retailers will continue to face intense competition from foreign operators

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    Industry Report - Industry Locations Chapter

    The major factors influencing the distribution of industry enterprises include population distribution and the convenience for global operators of establishing an Australian headquarters. Australia's two largest states in terms of population, New South Wales and Victoria, are both highly over-represented in the industry compared with their shares of population. New South Wales accounts for 37.2% of industry enterprises, while Victoria accounts for 28.7%. However, the two states account for 32.0% and 25.7% of Australia's overall population, respectively.These two states also generate large proportions of industry revenue, as firms can minimise distribution costs when books are published close to the largest consumer markets. Syd...purchase to read more.

    Additional Insights for the Book Publishing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Book Publishing Industry are

  • Ability to alter goods and services produced in favour of market conditions
  • Prompt delivery to market
  • Economies of scale

    • IBISWorld analysts also discuss how external factors such as Internet connections and Real household discretionary income in the Book Publishing industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Book Publishing Industry?

    Industry players publish books, atlases, textbooks, travel guides and ebooks. Firms that publish books exclusively on the internet are excluded from the industry.

    Industry Products
  • Adult fiction books
  • Adult non-fiction books
  • Children's books
  • Educational books
    • Industry Activities
  • Atlas publishing
  • Book publishing
  • Ebook publishing
  • Encyclopedia publishing
  • Technical manual publishing
  • Textbook publishing
  • Travel guidebook publishing
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • Internet connections
  • Real household discretionary income
  • US dollars per Australian dollar
  • Population aged between 18 and 25

    • Current Performance
  • Profit margins
  • Retail trends
  • Chart: Revenue Growth

    • Industry Outlook
  • Revenue and profitability
  • Brave new world
  • Digital media
  • Table: Book Publishing Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Book Publishing Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Book and Magazine Wholesaling
  • Department Stores
  • Newsagents and Book Retailers
  • Education and Training
  • Libraries and Archives

    • Key Selling Industries
  • Printing
  • Pulp, Paper and Paperboard Manufacturing

    • Products & Services
  • Educational books
  • Adult non-fiction books
  • Adult fiction books
  • Children's books
  • Other
  • Chart: Book Publishing Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Direct sales
  • Book retailers
  • Online retailers
  • Chart: Major Market Segmentation for the Book Publishing Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Book Publishing

    • Basis of Competition
  • Internal competition
  • External competition

    • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Book Publishing Industry

    • Industry Globalization

    Major Companies

    Penguin Random House Australia Pty Ltd, Pearson Australia Holdings Pty Limited, Scholastic Australia Pty Limited,
  • Table: Penguin Random House Australia Pty Ltd - financial performance
  • Table: Pearson Australia Holdings Pty Limited - financial performance
  • Table: Scholastic Australia Pty Limited - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Book Publishing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance

    Key Statistics

    Table: Industry Data for the Book Publishing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Copyright
  • The protection that gives authors and other creative artists legal ownership of their work.
    • Ereader
  • An electronic reading device that can be used to read books, magazines, newspapers and other published material.
    • Imprint
  • The trade name under which a work is published. Publishers can have multiple imprints that target different consumer demographics.
    • Licence
  • The right to publish an author's work and sell it as widely as possible. A publisher can also license a book to other publishers.
    • Trade Books
  • Books published for distribution to the general public rather than a specific market.
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s Book Publishing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Book Publishing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Book Publishing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Book Publishing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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