Audiobook Publishers Report Ninth Straight Year of Double-Digit Growth, Revenue Grew 12% in 2020; More Than 71,000 Audiobooks Were Published in 2020

From the Audiobook Publishers Association:

Publishers’ audiobook revenue grew 12% in 2020 to $1.3 billion, the ninth straight year of double-digit growth, according to the Audio Publishers Association’s Sales Survey conducted by InterQ.  The APA’s Consumer Survey of American audiobook listeners ages 18 and up, conducted by Edison Research, found that although listening habits changed in the last year, audiobook listening remained strong and stable despite the pandemic.

The most significant change in listener behavior was the shift in listening location from the car to the home as American commuter patterns were so dramatically affected by pandemic stay-at-home orders. In the current survey, 55% of listeners say they listened most often at home, compared with 43% last year; and only 30% of listeners cited the car as their main listening location in 2020 as compared with 41% the previous year.

Audiobooks provide an opportunity to step away from screens. This year’s survey shows 67% of audiobook consumers agreeing that one of the reasons they enjoy listening to audiobooks is to reduce screen time. Another main takeaway is that parents have been discovering audiobooks as an outlet for their children during the pandemic. The percentage of parents of children ages 17 and younger who say their children listened to audiobooks last year was 49%, up from 35% previously.

More than 71,000 audiobooks were published in 2020, a 39% growth over 2019, the largest growth in new titles since 2015, and the highest number on record. The most popular audiobook genre continues to be Mysteries/Thrillers/Suspense, but there were sharp increases in interest for Romance, Self-Help, and Business genres.

Notable findings from the surveys include:

• The percentage of Americans 18+ who have ever listened to an audiobook is now 46%, up from 44% in 2020.
• Membership in audiobook services increased, with 38% of listeners indicating they subscribe to at least one such service.
• 56% of audiobook listeners are under the age of 45; this is up from 52% in 2020.
• 70% of consumers agree audiobooks are a good choice for relaxing.

Key corresponding data from Edison Research’s Share of Ear® report, which tracks daily listening habits for Americans 13+.

• The overall share of time spent listening to audio (Share of Ear) for audiobooks has grown 60% since 2017.
• Daily audiobook listeners spend more time listening to books than any other form of audio (radio, podcasts, etc.).
• Daily reach of audiobook consumption has grown 71% since 2017.
• Daily audiobook listeners spend nearly 2 hours more per day listening to audio than the generalpopulation (5:35 vs 3:46).

Direct to Complete Announcement

See Also:  Are Academic Audiobooks Scalable? (Post by Charles Watkinson, U. of Michigan Press)

Filed under: Companies (Publishers/Vendors), Data Files, News, Podcasts