Egypt Book Services Market Opportunities to Reach $234.2 Million by 2028 | Grand View Research, Inc.

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According to a new report published by Grand View Research, Increasing consumer spending on books, supported by higher incomes and innovations for enhancing the overall reading experience, are the factors expected to boost the market growth over the forecast period. Rising consumer spending and an increased focus on self-development, are some of the other factors majorly driving the demand for books.

The Egypt book services market size is estimated to be USD 234.2 million by 2028, expanding at a CAGR of 1.9% over the forecast period, according to Grand View Research, Inc. Increasing consumer spending on books, supported by higher incomes and use of innovative technology and distribution methods to enhance the reading experience, is expected to boost the market growth.

A large number of books sold in Egypt are written in English. The English book segment was recorded at USD 129.2 Million in 2020 and the segment share was estimated to be 64.1% during the same year. Many people in the country have been striving to achieve fluency in English and reading is considered to be one of the most effective ways to develop fluency. International book launches being held in the country are also promoting the sales of English books. For instance, the Aswan University Book Fair was held in December 2020, with the slogan “Reading for All”.

The academic segment is recorded at USD 54.9 million in 2020 and is projected to expand at a CAGR of 2.0% during the forecast period. The academic publishers have been holding a significant market share for decades. Mohamed Sabry, an Egyptian publisher, actively focuses on bringing about youthful energy to his Egyptian publishing house through his creations. Sabry, with his wife Neven El Tohamy, launched Kayan Publishing in 2013.

Modern distribution stores have increasingly become a vehicle for international retailers to enter the Egyptian market, which is still largely fragmented. The number of bookstores, both online and offline, has been on the rise and this makes the availability of and accessibility to books much easier. Increasing demand for utility and self-help books is also expected to govern the buying decisions of consumers in Egypt.

Books in various languages are in demand in the country owing to the increasing number of expats. Some of the largest players in the region are Diwan, AUC Bookstores, Aboudi Bookstore, Roya Book Store, Adam Bookshop, Cherry Blossom Bookstore, BookBuz, Berkelouw Books, Neelwafurat, and Jamalon. Kids by large are offered the most revised forms to encourage reading books. For instance, in February 2021, The National Center for Child Culture, issued the book ‘The Lazy Bee’, a collection of stories presenting important educational values for children.

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Egypt Book Services Market Report Highlights

The market is projected to expand at a CAGR of 1.9% from 2021 to 2028 due to increasing spending and innovation
The academic segment was estimated to be USD 54.9 million in 2020 and recorded a market share of 27.2% in 2020
The English book segment is expected to expand at a CAGR of 1.9% during the forecast period

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Egypt Book Services Market Segmentation

Grand View Research has segmented the Egypt book services market based on genre and language:

Egypt Book Services Genre Outlook (Revenue, USD Million, 2016 – 2028)

Academics
Fiction
Science
History
Biography
Articles
Religion
Utility Books
Others

Egypt Book Services Language Outlook (Revenue, USD Million, 2016 – 2028)

Arabic
English
Foreign (German, Spanish, French)

List of Key Players of Egypt Book Services Market

The Anglo Egyptian Bookshop
Diwan
AUC Press
Aboudi Bookstore
Adam Bookshop
Bookbuz
Berkelouw Books
Jamalon
International Language Bookshop
Al Kotob Khan
Ekra
Nile Wafrat.com

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