Second Hand Books Market
Market Study on Second Hand Books: North America & Europe Dominate with Over One-fourth Market Share Each
Second Hand Books Market Segmented By Adults and Kids in Mass/Economy, Premium Second Hand Books of Action & Adventure, Art, Music, Film and Photography, Academic Books, Biographies & Comics, Crafts, Home & Lifestyle and Many more
Second Hand Books Market Outlook (2022-2032)
Enjoying a Y-o-Y growth of 5.5% in 2022, the global second hand books market enjoys a valuation of US$ 24.03 Bn. Worldwide sales of second hand books are predicted to increase at a healthy CAGR of 6.6% with the market ending up at a valuation of US$ 45.53 Bn by the end of 2032.
Second Hand Books Market Size (2022)
US$ 24.03 Bn
Estimated Market Value (2032)
US$ 45.53 Bn
Projected Market Growth Rate (2022-2032)
North America Market Share
According to in-depth industry analysis by Persistence Market Research, in the year 2020, second hand books held a value share of 15% in the global book publishers market.
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- Amazon Inc.
- eBay Inc.
- Powells Book
- Alibris Inc.
- BookChor Literary Solutions Private Limited
- Crossword Bookstores Ltd.
- BookMafiya Study Solutions Pvt. Ltd.
- AbeBooks Inc.
- Thrift Books
- Better World Books
- The Strand
- PaperBack Swap
- Other Players (As Requested)
Demand Analysis of Second Hand Books (2017 to 2021) Vs Future Market Estimates (2022 to 2032)
Increasing popularity of online book sales has significantly boosted demand for new as well pre-owned books. Demand for second hand books increased at a CAGR of 4.9% from 2017 to 2021 and the market held a net worth of US$ 22.77 Bn in 2021.
Rising literacy across the world, increasing focus on education, growing number of readers, rising popularity of books, attractive exchange offers, increased penetration of online sales, and increasing popularity of pre-owned books among readers are some of the major factors that will propel second hand books market growth through 2032.
As such, the second hand books market is projected to rise at a CAGR of 6.6% from 2022 to 2032.
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Which Industry Factors are Anticipated to Boost Consumption of Second Hand Books?
“Attractive Exchange Offers by Online Book Sellers to Drive Second Hand Book Shipments”
Several online second hand book vendors such as Amazon and eBay are providing attractive schemes that enable customers to exchange their old books for new ones, and other attractive schemes that make use of pre-owned books present in customers’ library collections.
Online second hand book sales have substantially increased in recent years, and this is expected to be a prominent trend over the forecast period as well.
“Increasing Literacy in Developing Economies to Drive Sales of Pre-owned Books”
The literacy rate is substantially rising in the economies of India and China, and this is expected to drive demand for pre-owned books as the spending potential of the population is less in these nations.
Second hand medical books, second hand engineering books, second hand nursing books, and second hand children books are some types that will see a rise in demand over the coming years.
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How Will the Second Hand Books Market Perform Across Regions?
“North America to Lead Sales of Second Hand Books through 2032”
Second hand book demand analysis for regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East, and Africa (MEA) has been assessed in this research by Persistence Market Research.
The North America second hand books market accounts for a major market share of 27.8% in the global industry landscape in 2022. This region is expected to maintain its dominant stance over the forecast period, and market growth can be attributed to increasing number of readers and the high literacy of the general population.
2nd-hand manga comics, second hand medical books, second hand children’s books, and other pre-owned books are anticipated to be highly popular in this region.
Increasing interest in reading activities and high presence of a literate population will be major factors driving demand for second hand books in the European region. Currently, the second hand books market in this region holds a significant market share of 25.1% in the global landscape.
Rising focus on education in developing economies is expected to be a major trend in the regions of East Asia and South Asia. India and China are expected to be prominent markets owing to an increase in literacy.
Sales of second hand medical books, second hand engineering books, and second hand nursing books are expected to perform well in these regions as the spending potential is lower for the education sector. At present, East Asia and South Asia hold market shares of 16.3% and 15%, respectively, in the global second hand books sector.
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Which Pre-owned Books Have High Demand in India?
“Increasing Literacy Rate to Drive Demand for 2nd Hand Text Books”
India has seen a substantial increase in the demand for pre-owned text books owing to increasing literacy in the nation and rising focus on education. The India second hand books market is projected to rise at a CAGR of 5.4% over the decade.
In 2022, pre-owned book shipments in India accounted for 31.1% of the global second hand books market value. Consumption of second hand medical books and second hand engineering books is also expected to see a hike over the forecast period as the focus on education bolsters in the nation.
Why Should Second Hand Book Vendors Focus on the U.S.?
“High Presence of Literate Population Offers Lucrative Opportunities to Second Hand Book Suppliers”
Demand for second hand books is projected to rise at a CAGR of 2.4% over the forecast period in the U.S. Market growth in this nation can be attributed to the presence of key second hand book providers such as Amazon, eBay etc., and rising popularity of the reading trend.
Pre-owned fantasy books and pre-owned fiction books accounted for the largest sales volume in 2022, and are expected to see a rise in popularity over the forecast years as well.
Will Demand for Second Hand Books Increase from Adults?
“Adults Segment to Hold Dominant Market Share”
The adults segment will hold a major market share and will account for a majority of second hand book sales over the forecast period. At present, this segment accounts for 63% of the global second hand books industry.
Market share of kids’ second hand books is anticipated to rise at a CAGR of 7.3% over the coming years and is estimated to hold a market share of approximately 41.6% of the global industry landscape.
Did COVID-19 Affect the Sales of Second Hand Books?
In 2020, the world faced an unprecedented outbreak of coronavirus infections that led to the imposition of lockdowns across nations in the world. These restrictions caused all book stores and other sales channels for book sales to close down, which led to a negative impact on the second hand books market growth.
The second hand books market is expected to rise at a steady pace in the post-pandemic era as restrictions have been lifted to resume distribution and sales activity across sales channels. Increasing online second hand book sales are expected to be a prominent trend in the post-pandemic era.
Key second hand books market players are focusing on increasing their business scope across nations and are investing in the establishment of new ventures that promote the popularity of pre-owned books.
- In January 2022, The Green Library was launched in Luxembourg, which is the first second hand bookshop in the nation. Increasing focus on a circular economy and an attempt to provide affordable access to education to the Luxembourgish population were major factors that led to the establishment of this new facility.
More recent developments related to key suppliers of second hand books have been also been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.
Second Hand Books Industry Report Scope
Historical Data Available for
Key Regions Covered
Key Countries Covered
Key Market Segments Covered
Key Companies Profiled
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Key Segments Covered in Second Hand Books Industry Research
Second Hand Books Market by Book Type:
- Action & Adventure
- Art, Music, Film and Photography
- Academic Books
- Biographies & Comics
- Crafts, Home & Lifestyle
- Fantasy, Horror & Science Fiction
- Health, Personal Development, Politics
- Politics & Religion
- Sciences, Technology & Medicine
- Sports & Travel
Second Hand Books Market by End User:
- Second Hand Books for Adults
- Second Hand Books for Kids
Second Hand Books Market by Price Range:
- Mass/Economy Second Hand Books
- Premium Second Hand Books
Second Hand Books Market by Sales Channel:
- Specialty Stores
- Multi-brand Stores
- Independent Books Stores
- Online Retailers
- Other Sales Channels
Second Hand Books Market by Region:
- North America Second Hand Books Market
- Latin America Second Hand Books Market
- Europe Second Hand Books Market
- South Asia Second Hand Books Market
- East Asia Second Hand Books Market
- Oceania Second Hand Books Market
- Middle East & Africa (MEA) Second Hand Books Market
- FAQs -
The global second hand books market stands at a net worth of US$ 24.03 Bn in 2022.
From 2022 to 2032, second hand book sales are expected to progress at a CAGR of 6.6%.
By the year 2032, the second hand books market is estimated to attain a valuation of US$ 45.53 Bn.
The North America second hand books industry holds a market share of 27.8% in the global landscape.
Key second hand book vendors are Amazon Inc., eBay Inc., Alibris Inc., Crossword Bookstores Ltd., Bookadda.Com, BookChor Literary Solutions Private Limited, and 99bookscart.