About Second Hand Books
In the modern era, people are becoming more ecologically sensitive. They realise that a book is meant to be utilized several times rather being read only once. As a result, many people share it with their family or friends. Others sell it to used book merchants or resellers. Moreover, a significant percentage of population, especially in underdeveloped regions, is below poverty line and lack financial backing to buy books. Inability to access books results lower functionality. This gap has resulted in a market opportunity to server both types of consumers. Technological involvement in terms of online buy sell platform is one of the key factors driving the second-hand book industry.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amazon Inc. (United States), eBay Inc. (United States), Alibris Inc. (United States), Crossword Bookstores Ltd. (Shoppers Stop) (India), BookAdda (India), BookChor Literary Solutions Private Limited (India), 99bookscart (United States), BookMafiya Study Solutions Pvt. Ltd. (India), Powells.com (Portland) and Biblio, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Second Hand Books market by Type (Academic Books, Classics, Comic Book or Graphic Novel, Detective and Mystery, Fantasy, Historical Fiction and Others) and Region.
On the basis of geography, the market of Second Hand Books has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Category, the sub-segment i.e. Hard Cover will boost the Second Hand Books market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Hypermarket/Supermarket will boost the Second Hand Books market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Child will boost the Second Hand Books market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emergence of Online Medium of Buying and Selling Second Hand Books
Market Growth Drivers:
Rising Academic Book Prices, Widening Syllabus Leading to Demand for Multiple Reference Material and Inclusion of People Below Poverty in Educational Programs
Challenges:
Supply Chain Limitations
Restraints:
Delivery Across Remote Regions
Opportunities:
Rapid Implementation Across Developing Regions
On 2nd November, 2020 - Bookshop.org Announced its Lunch in the United Kingdom Market through Online Mode in Partnership with More Than 130 Shops across the Region. Independent Bookstores Can Use Bookshop to Build Their Own Virtual Shopfront on The Platform, With the Stores Collecting the Full Profit Margin of 30% on Each Transaction.
Key Target Audience
Second Hand Books Retailers, New Entrants and Investors, Second Hand Books Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.