As per Statista data ,Audible holds 43 7 %market share among other retailers selling audio books. Women purchased 51 5 %of books sold compared 48 5 %by men ,according Expertclick news release. Subscription services like Audible account for 41 %of all audio book sale whereas nonfiction & self help genre accounts 33%. Over 50 percent of listeners are under 45 years old and 32 percent between 25-34 many choose this format because they can multitask while listening – an advantage that was cited by over half (52%) respondents surveyed back 2016 according Audible’s research findings reported on Marketplace website. The United States accounted for 52.8% of the global share in 2020 and 20% of American adults listen to at least one audiobook each year as estimated by Audiobook Publishers Association (APA). The global audiobook market is projected to expand at a compound annual growth rate of 24.4%, while nearly 60,000 new titles were produced last year across all genres including Mystery/Thriller/Suspense which makes up 42% of total U.S sales according to AudioFile Magazine’s 2021 Trends report.
According to statistics from various sources, audiobook sales reached US$1.2 billion in the United States alone in 2020 – a 17% increase from 2019. Audiobooks have become increasingly popular in recent years, with sales reaching new heights and the global market expected to grow significantly.
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