North America Children Audiobook Market Forecast to 2028

North America Children Audiobook Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Genre (Action & Adventure, Education & Learning, Fairy Tales & Myths, and Others), Type (One-Time Download and Subscription-Based Model), and Age Group (0–5 Years, 6–8 Years, and 9 Years and Above)

Report Code : TIPRE00029817 | Region : North America | Industry : Technology, Media and Telecommunications | Published Date : 18/Jan/2023

The North America children audiobook market is expected to reach US$ 651.95 million by 2028 from US$ 95.77 million in 2022, with an estimated CAGR of 31.8%.

With the growing penetration of smartphones among children, access to audiobooks has become easy and convenient. Audiobooks have gained popularity mainly due to the pandemic-induced lockdown, increasing children’s appetite for audiobooks. In addition, it helped children get a personalized audio experience through a smartphone or smart speaker while doing other activities. Moreover, audiobooks access through smartphones helps children finish a book much faster and pick up another book for reading. With rapid expansion in smartphone use, key players in the region continue to launch and expand audiobook offerings. In September 2022, Spotify launched an audiobook service in the US, and users will have access to over 300,000 audiobook titles. In addition, a family can browse the catalog on the Spotify app and purchase through the website, similar to the purchase of a Spotify subscription. Therefore, the rise in the usage of smartphones among children is anticipated to accelerate the North America children audiobook market growth.

Furthermore, there is an increasing user base for audiobooks among children, as they help understand language above their reading level and learn new words and advanced constructs. In the early stages of their age (3-5), children may have different listening requirements, accelerating the demand for multiple audiobook purchases. In addition, younger participants contributing to a broader group of peers and people are more likely to listen to titles that guide them or provide an entry point for certain subjects. Moreover, growing penetration rate of smartphones and rising usage of tablets among children promote registrations and subscriptions for audiobooks contribute to the growth of North America children audiobook market. Also, listening and buying audiobooks continues to increase as it helps improve pronunciation and fluency and enable children's critical listening skills. Thus, audiobooks have become more popular in the book industry as they support students’ understanding of letter-sound correspondence and the pronunciation of more difficult words, which is boosting the number of children listener registrations for audiobooks, contributing to the North America children audiobook market growth.

Key Insights:

The North America children audiobook market is segmented into major economies such as the US, Canada, and Mexico. North America is the early adopter of technologies. Audiobooks have become increasingly popular in the digital age with streaming and subscription services such as Audible and Spotify. An audiobook is an ideal medium for information and entertainment in a fast-paced lifestyle. Especially since the beginning of the COVID-19 pandemic, audiobook listenership has been growing rapidly in countries in North America.

Audiobooks are a popular way of bringing stories to students. Lockdowns prevailed in countries due to the COVID-19 pandemic in mid-March 2020, which led to the temporary shutdown of schools. This sudden change in the environment and lifestyle of people encouraged consumers to use audiobooks for their children to maintain literacy practices. Further, the increasing usage of smartphones among children potentially enhances the adoption of audio storytelling and audiobooks in North America. Major providers in North America offer a vast portfolio of audiobooks and are increasingly engaging themselves in enhancing their children's audiobook portfolio. For instance,

• Tales2Go, a US provider of audiobook streaming services for schools, allows teachers and schools to buy instant, simultaneous, and unlimited access to audiobooks, letting students listen to stories on multiple devices.

• Canadian Audiobook provider Novel Audio, with an international distribution network, provides titles such as Enemy at the Window and The Inner Life of Animals for readers in various countries.

• Audible Inc provides audiobooks in six categories—Littlest Listeners, Elementary, Tween, Teen, Literary Classics, and Folk & Fairy Tales for All (available in English, Spanish, French, German, Japanese, and Italian). In March 2020, Audible Inc offered free audiobooks for kids stuck at home during the lockdown period.

Thus, growth prospects in adopting audiobooks and a huge portfolio of children's audiobook providers in North America are the key factors contributing to the growth of the North America children audiobook market.

Based on genre, the North America children audiobook market is segmented into action & adventure, education & learning, fairy tales & myths, and others. The others segment would hold the largest share of the North America children audiobook market in 2022. Other genres comprise science fiction, comedy, sports, mystery, thriller, horror, and others. Comedy, drama, fantasy, horror, musicals, mystery, romance, science fiction, sports, and thriller are a few common genres available in audiobooks. The increasing adoption of audiobooks among children accelerates the North America children audiobook market growth for the others segment.

The report segments the North America children audiobook market as follows:

Based on genre, the North America children audiobook market is segmented into action & adventure, education & learning, fairy tales & myths, and others. In terms of type, the North America children audiobook market is segmented into one-time download and subscription-based model. Based on age group, the North America children audiobook market is divided into 0–5 years, 6–8 years, and 9 years and above.

Amazon.com Inc., Macmillan Holdings LLC, Deyan Audio Services Inc., Google LLC, Blackstone Audio Inc., Naxos AudioBooks (UK) Ltd., HarperCollins Publishers LLC, Simon & Schuster Inc., Oasis Family Media LLC, and Dreamscape Media LLC are key companies operating in the North America children audiobook market.

The overall size of the North America children audiobook market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the North America children audiobook market. The process also serves the purpose of obtaining an overview and forecast for the market with respect to all the market segments. Multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. This process includes VPs, business development managers, market intelligence managers, national sales managers, and external consultants, such as valuation experts, research analysts, and key opinion leaders—specializing in the North America children audiobook market.

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 North America Children Audiobook Market – By Genre

1.3.2 North America Children Audiobook Market – By Type

1.3.3 North America Children Audiobook Market – By Age Group

1.3.4 North America Children Audiobook Market – By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America Children Audiobook Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. North America Children Audiobook Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increase in Demand for Digitalized Learning Among Children

5.1.2 Ability to Multitask While Listening to Audiobooks

5.1.3 Surge in Number of Young Listener Registration

5.2 Market Restraints

5.2.1 High Cost of Audiobook Subscriptions

5.3 Market Opportunities

5.3.1 Technological Advancements in Voice-Activated Assistants and Implementation of Virtual Reality in Audiobooks

5.4 Future Trends

5.4.1 Rise in Usage of Smartphone Among Children

5.5 Impact Analysis of Drivers and Restraints

6. Children Audiobook Market – North America Market Analysis

6.1 Overview

6.2 North America Children Audiobook Market Forecast and Analysis

6.3 Market Positioning- Top Five Players

7. North America Children Audiobook Market Analysis – By Genre

7.1 Overview

7.2 North America Children Audiobook, by Genre (2021 and 2028)

7.3 Action and Adventure

7.3.1 Overview

7.3.2 Action and Adventure: North America Children Audiobook Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Education and Learning

7.4.1 Overview

7.4.2 Education and Learning: North America Children Audiobook Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Fairy Tales and Myths

7.5.1 Overview

7.5.2 Fairy Tales and Myths: North America Children Audiobook Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Others

7.6.1 Overview

7.6.2 Others: North America Children Audiobook Market – Revenue and Forecast to 2028 (US$ Million)

8. North America Children Audiobook Market Revenue and Forecasts To 2028 –Type

8.1 Overview

8.2 North America Children Audiobook Market, By Type (2021 and 2028)

8.3 One-Time Download

8.3.1 Overview

8.3.2 One-Time Download: North America Children Audiobook Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Subscription-Based Model

8.4.1 Overview

8.4.2 Subscription-Based Model : North America Children Audiobook Market – Revenue and Forecast to 2028 (US$ Million)

9. North America Children Audiobook Market Revenue and Forecasts To 2028 –Age Group

9.1 Overview

9.2 North America Children Audiobook Market, By Age Group (2021 and 2028)

9.3 0-5 Years

9.3.1 Overview

9.3.2 0-5 Years: North America Children Audiobook Market – Revenue and Forecast to 2028 (US$ Million)

9.4 6-8 Years

9.4.1 Overview

9.4.2 6-8 Years: North America Children Audiobook Market – Revenue and Forecast to 2028 (US$ Million)

9.5 9 Years and Above

9.5.1 Overview

9.5.2 9 Years and Above: North America Children Audiobook Market – Revenue and Forecast to 2028 (US$ Million)

10. North America Children Audiobook Market – Country Analysis

10.1 Overview

10.2 North America Children Audiobook Market Breakdown, by Country

10.2.1 US Children Audiobook Market, Revenue and Forecast to 2028 (US$ Million)

10.2.1.1 US Children Audiobook Market Breakdown, By Genre

10.2.1.2 US Children Audiobook Market Breakdown, By Type

10.2.1.3 US Children Audiobook Market Breakdown, By Age Group

10.2.2 Canada Children Audiobook Market, Revenue and Forecast to 2028 (US$ Million)

10.2.2.1 Canada Children Audiobook Market Breakdown, By Genre

10.2.2.2 Canada Children Audiobook Market Breakdown, By Type

10.2.2.3 Canada Children Audiobook Market Breakdown, By Age Group

10.2.3 Mexico Children Audiobook Market, Revenue and Forecast to 2028 (US$ Million)

10.2.3.1 Mexico Children Audiobook Market Breakdown, By Genre

10.2.3.2 Mexico Children Audiobook Market Breakdown, By Type

10.2.3.3 Mexico Children Audiobook Market Breakdown, By Age Group

11. North America Children Audiobook Market - COVID-19 Impact Analysis

11.1 Overview

12. Children Audiobook Market - Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 New Product Development

13. Company Profiles

13.1 Amazon.com Inc

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Macmillan Holdings LLC

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Deyan Audio Services Inc

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Google LLC

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Blackstone Audio Inc

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Naxos AudioBooks (UK) Ltd

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 HarperCollins Publishers LLC

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 Simon & Schuster Inc

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Oasis Family Media LLC

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 Dreamscape Media LLC

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Glossary

LIST OF TABLES.

Table 1. North America Children Audiobook Market, Revenue and Forecast, 2019–2028 (US$ Mn)

Table 2. US Children Audiobook Market, Revenue and Forecast to 2028 – By Genre (US$ Million)

Table 3. US Children Audiobook Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 4. US Children Audiobook Market, Revenue and Forecast to 2028 – By Age Group (US$ Million)

Table 5. Canada Children Audiobook Market, Revenue and Forecast to 2028 – By Genre (US$ Million)

Table 6. Canada Children Audiobook Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 7. Canada Children Audiobook Market, Revenue and Forecast to 2028 – By Age Group (US$ Million)

Table 8. Mexico Children Audiobook Market, Revenue and Forecast to 2028 – By Genre (US$ Million)

Table 9. Mexico Children Audiobook Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 10. Mexico Children Audiobook Market, Revenue and Forecast to 2028 – By Age Group (US$ Million)

Table 11. Glossary of Terms, North America Children Audiobook Market

LIST OF FIGURES.

Figure 1. North America Children Audiobook Market Segmentation

Figure 2. North America Children Audiobook Market Overview

Figure 3. North America Children Audiobook Market, By Genre

Figure 4. North America Children Audiobook Market, By Type

Figure 5. North America Children Audiobook Market, By Age Group

Figure 6. North America Children Audiobook Market, By Country

Figure 7. North America – PEST Analysis

Figure 8. North America Children Audiobook Market Ecosystem Analysis

Figure 9. Expert Opinion

Figure 10. North America Children Audiobook Market Impact Analysis of Drivers and Restraints

Figure 11. North America Children Audiobook Market, Forecast and Analysis (US$ Mn)

Figure 12. Market Positioning- Top Five Players

Figure 13. North America Children Audiobook Market Revenue Share, by Genre (2021 and 2028)

Figure 14. Action and Adventure: North America Children Audiobook Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. Education and Learning: North America Children Audiobook Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. Fairy Tales and Myths: North America Children Audiobook Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. Others: North America Children Audiobook Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. North America Children Audiobook Market, By Type (2021 and 2028)

Figure 19. One-Time Download: North America Children Audiobook Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. Subscription-Based Model : North America Children Audiobook Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. North America Children Audiobook Market, By Age Group (2021 and 2028)

Figure 22. 0-5 Years: North America Children Audiobook Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. 6-8 Years: North America Children Audiobook Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. 9 Years and Above: North America Children Audiobook Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. North America Children Audiobook Market Revenue Share, By Country (2021 and 2028)

Figure 26. US Children Audiobook Market, Revenue and Forecast To 2028 (US$ Million)

Figure 27. Canada Children Audiobook Market, Revenue and Forecast To 2028 (US$ Million)

Figure 28. Mexico Children Audiobook Market, Revenue and Forecast To 2028 (US$ Million)

Figure 29. Impact of COVID-19 Pandemic in North America Country Markets

The List of Companies - North America Children Audiobooks Market

● Amazon.com Inc

● Macmillan Holdings LLC

● Deyan Audio Services Inc.

● Google LLC

● Blackstone Audio Inc.

● Naxos AudioBooks (UK) Ltd.

● HarperCollins Publishers LLC

● Simon & Schuster Inc.

● Oasis Family Media LLC

● Dreamscape Media LLC

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America children audiobooks market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the North America children audiobooks market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth regional market trends and outlook coupled with the factors driving the market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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