The Coffee Table Book Market is expected to reach USD 192.6 Million by 2028 from USD 157.7 Million in 2020, at a CAGR of 2.62% from 2021 to 2028.
Global Coffee Table Book Market is foreseeing positive outlook since last decade. The market appears to be one of the niche markets within Books Industry. The global Coffee Table Book market is not only playing a major role in developed market but also shaping in emerging geographies due to growing demand from multiple end user marketing industries. Presence of various distributors and publishers investing in these sectors to expand their business will stimulate industry growth in coming years.
The Coffee Table Book industry is expected to witness a strong growth during the forecasted period, owing to rapid adoption of reading hard copy books over e-books, as well consumer spending on leisure decorative products including gifts. Also, the market will be driven by surge in millennial population across globe. The growing usage of Coffee Table Book in attracting and starting a conversation tone for a new venture is expected to boost the demand for the Coffee Table Book across end user industries.
The market growth is attributed to the factors such as growing spending on the leisure book types, growing demand of premium printing for coffee table books. The advancement of the fashion and beauty industry to portray the products or work this platform provides ample growth opportunity which is the prime driver for the market. In addition, increase in demand for decor, home furnishing and gift articles will create new opportunities for this industry.
Rising spending on the marketing strategies by a venture, offering a pictorial premium book for visitor creates a striking impression on the mind which is considered as a key factor for market growth in recent years. Further, growing innovation in printing technology for Tier II & Tier III companies provides lucrative opportunities for the book sellers.
However, high initial investment for Coffee Table Book acts as a major challenge for marketer. As well the growing popularity of digital books and rising printing cost with environmental regulations are expected to reduce the demand for Coffee Table Books market. The market has undergone significant changes over the last decade and has been heading in newer directions. The evolution of the commissioning process, backed by a publisher or writer including books-marketing, publicity, and sales and distribution-have all been evolving in ways that which can be a profitable parameter of the market.
Regionally, North America contributes highest share in Coffee Table Book market and holds a dominant lead. With continued increase in the demand for Coffee Table Book from multiple end use industry, the presence of key publishers, distributors in this region, the North America Coffee Table Book market is expected to continue to lead the global market in the coming years. Europe, among other regional Coffee Table Book market is also projected to report a fast-paced growth over the next couple of years.
Asia Pacific Coffee Table Book market is projected to contribute a significant revenue share, due to rising reading population and growing spend on decoration and spending on marketing to attract new customer. In addition to this, rising awareness and adoption of the latest soft copy techniques are positively impacting the growth of the market in this region.
Coffee Table Book Market Segmentation
By Product Type Coffee Table Book Market is sub segmented as below –
By Application Type Coffee Table Book Market is sub segmented as below –
- Sports & Fitness
- Fashion & Entertainment
- Health & Beauty
Key Companies Profiled in the report Coffee Table Book Market
- Brown Signature Books
- Rizzoli New York
- Imagine Publishing
- Vivant Books
- Abrams Books\
- Chronicle Books
- Hatje Cantz
- Thames & Hudson
Coffee Table Book Market Covid-19 impact
Emergence of COVID-19 has declined growth of the market in 2019 & 2020, and the market is estimated to witness relatively slow growth till the end of 2021. COVID-19 has brought book businesses down, including the Coffee Table Book Market. And as the world slowly goes into recovery, the way business is done will never be the same again. COVID-19 has changed the dynamics for all businesses in general.
According to a research study by Springer Nature Switzerland AG, in February 2021, overall retail sales of books changed only slightly in 2020; however, there were huge swings month-to-month. April sales were down by 14.7% from March but were followed by an 18.3% jump in May. November retail sales dropped by 1.1% from October but were up by 4.1% from November 2019. Furthermore, trade sales in 2020 were almost uniformly ahead of 2019, and in several categories, unit sales were up over 20% through mid-December.
Coffee Table Book Market Driver Analysis
Coffee table book is usually placed on a coffee table in a lounge, so visitors can browse through the book to get inspiration or start a pleasant conversation. One of the most alluring aspects of coffee table books is the ability to bring previously expensive and intellectually protected topics into the hands of the everyday person. A combination of the rise of the coffee table book reading, the technological advances that enabled photo and art books, the ability to mass produce books, society’s book hunger, and the already-established use of books all helped market to grow strongly. Coffee table books have the ability to expose large audiences.
Despite the rapid demand, for the Coffee Book Market factors such as the growing number of privacy breaches may hamper the market growth. The vendors or publishers present in the global market have been threatened by the growing surge in copyright infringement. With the rising penetration of the Internet, piracy and illegal file-sharing have become a threat to the growth of the global Coffee Table Book Market.
Stringent government regulations and high competition
The main challenges in the Coffee Table Book Market are increasing competition and strict regulations by government on copyrights which are the main obstacles to for market expansion and, in many cases, disposal of the books have hampered the growth of the market.
The lack of a proper distribution channel as well unorganized local players threat and unfavorable taxation policies in various region also pose a hinderance for the market growth.
Global Coffee Table Book Market by Region 2021 – 2028 (USD MILLION)
The market for Coffee Table Book in North America offers positive outlook and is expected to register significant growth. The market in North America is driven by the number of cafés and restaurants in the region. The market is anticipated to be driven by the changing spending pattern of consumers, increase in diversity, and new product launches in the region. With the rising disposable income of people across the region, their spending pattern is also changing. A large part of this income is also spent on leisure reading which is fueling the market growth. Owing to the strong consumer preference in the United States, the market is witnessing steady growth, albeit Canada has been lukewarm in its response. Hence, all these factors are propelling the growth of Coffee Table Book market in North America region.
Within North America, U.S. contributes highest market share, and the country is anticipated to witness growth momentum during the forecast period. Apart from U.S., Canada and Mexico are other key countries adding on to the growth of North America market during the forecasted period.
The U.S. accounted for highest market share in the North American Coffee Table Book market and expected to witness a growth rate during the forecast duration. The number of major players in the country and their innovative ideas regarding coffee table books propels the market growth. Additionally, factors such as, ability to work closely with authors to produce some of the most beautiful and high-quality coffee table books available on the market today, wide variety of topics, including food & wine, lifestyle & culture, and culinary, etc. boosts the growth of the market. For instance, Brown Signature Books, a leading player in US coffee table book market is currently accepting manuscript submissions online. This will create new opportunities for authors as well as publishers. Moreover, in 2018, the number of coffeehouse stores in the US were 35,616, which raised around 37,274 in 2019. Moving forward, a report published by Allegra predicts the sector will reach 40,800 outlets by 2023, representing five-year growth of 2.8 percent. Fueling this growth will be further investments from large multinational corporations into brands and chains that put quality at the forefront, according to Allegra.
Hence, the US market for coffee table book is expected to grow at an impressive pace due to the continued innovation, and consumer interest.
Europe is estimated to be one of the prominent markets for coffee tables book over the forecast period. Within Europe, UK, Germany and France, are the key countries contributing highest share for coffee table book market. Also, we have considered countries such as Italy, Russia in this region.
The developed economies such as U.K., Germany and France are witnessing mature coffee table book businesses. With the advent of internet advertising and access the customers are likely to spend more hours on the internet and thus the industry seems to reach its maturity. Due to the rapid availability of the internet, people are now aware of all the coffee table books across the globe. The growing E-commerce industry has also enabled these people to buy the books they desire to read. This is increasing the adoption of coffee table books, hence positively impacting the market growth. Europe dominated the market on account of the presence of a large number of independent publishers and publishing companies in the region is anticipated to boost the market. Additionally, the growing number of avid readers in Europe is likely to benefit the coffee table book market. Moreover, the rate of uncoated paper has fallen to various tons per dollar.
Hence, all these factors are further depicting positive outlook of the region which is leading to the growth of European coffee table book market during the forecast period.
The coffee table book market in the Asia Pacific region is projected to grow at the highest CAGR over the forecast period. Since the growth opportunities in the developed regions have stagnated, the market players have shifted their focus on the emerging countries like India, China, Japan, Malaysia, etc.
The increasing demand from all age groups and rising income in developing countries are major drivers for the segment growth in the region. Asia Pacific coffee table book market is expected to witness radical changes over the forecast period owing to changing consumer tastes and trends in the way they acquire and use the content. Growing consumer base and high penetration of electronic devices such as smartphones and tablets are expected to drive the APAC coffee table coffee market. Additionally, multilingual features of e-books are an advantage that is expected to drive the demand for e-books. The developing economies such as India and China are proposing growth opportunities to the industry on the back of globalization and economic development.
Hence, all these factors are propelling the growth of coffee table book market in Asia Pacific region.
Latin America region holds the noticeable market share for coffee table book market and expected to grow with a positive CAGR over the forecast period. We have considered Brazil, Argentina, and Rest of LATAM in Latin America coffee table book market.
The user experience and their engagement with the industry is still primary business objective while investing and to grow in the coffee table book industry. Additionally, the increasing penetration of internet services in developing countries like Brazil and Argentina is anticipated to boost the market growth. The digitization of books and their accessibility over the internet is expected to create an innovative environment to offer a real-time experience for readers.
Hence, Latin America coffee table book market is expected to grow during the forecast period.
- Rest of Europe
- Rest of South America
Middle East and Africa
- Saudi Arabia
- South Africa
- Rest Of MEA