Book retailers have struggled through a difficult chapter over the five years through 2014-15. With revenue expected to contract at a compound annual rate of 7.6% over the period, industry operators have faced a tough trading landscape. This unfortunate story is predominantly the result of increasing competition exerted on the industry by external operators such as supermarkets, online retailers and the growing popularity of e-books. The performance of book retailers has also been affected by fluctuations in the level of real household disposable income and subdued consumer confidence.
Industry participants are primarily engaged in the retail sale of new printed books of all genres. Industry operators purchase book titles from publishers or distributors to sell at the retail level. The industry does not include online book retailers who do not own physical store locations (see IBISWorld report G47.910) or second-hand bookshops (see IBISWorld report G47.790).
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.