UK Market Forecast: “E-books Sales to Drop as Bookshelf Resurgence Sparks ‘Shelfie’ Craze”
From The Telegraph:
Brit’s increasing desire to show off their personality and intellect through their book collections is boosting book sales, but will see sales of e-books fall for the first time ever, consumer analysts have predicted.
According to Mintel sales of physical books are forecast to rise by 6 per cent this year to £1.7 billion while sales of e-books are predicted to fall by 1 per cent to £337 million in 2017.
Over the next five years sales of print books are forecast to grow by 25 per cent to reach £2.1 billion, Mintel said, while e-books will see only marginal year-on-year increases to reach £383 million in 2022.
Mintel’s Books and e-books UK 2017 Report reveals that sales of books and e-books are estimated to reach £2.02 billion in 2017, marking an annual increase of 4%.Brits still prefer print, with sales of physical books forecast to rise by 6% this year to £1.7 billion. On the other hand, for the first time ever, sales of e-books are predicted to take a tumble. While the e-book market has grown year-on-year since Mintel began measuring the market (up from £216 million in 2012 to £339 million in 2016), sales are forecast to dip in 2017, falling by 1% to £337 million in 2017.
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Gary Price (firstname.lastname@example.org) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com. Gary is also the co-founder of infoDJ an innovation research consultancy supporting corporate product and business model teams with just-in-time fact and insight finding.