What is Online Second Hand Books?
Individuals can wish to sell their used books using online bookstores and agree to terms outlined by the bookstores. Second-hand books have huge demand from schools and college students. High demand from middle-class families is the major factor driving the online second-hand books market demand. The online secondhand book shop is one of them, attempting to harness the power of the internet and technology to create a website that facilitates book recycling and sales. In order to complete their studies, students require a wide range of books. As they progress through the educational process, they eventually advance to the next level, while other students advance to the level in which they previously resided. It can be defined as a cyclical pattern, with textbooks used in one cycle freely accessible to another student in that cycle via the internet. Students aren't the only ones that require books.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | BetterWorldBooks (United States), PustakKosh (India), Amazon.com (United States), BooksByKilo (India), Booknet (India), AbeBooks (Canada), Quikr (India), OLX (Netherlands), BuySecondHandbook (India) and Powell's Books (United States) |
CAGR | 11.0% |
The Global Online Second Hand Books market is expected to see growth rate of 11.0% and may see market size of USD3178.99 Million by 2028. The study covers a detailed analysis segmented by key business segments i.e. by type (Academic Books, Trade Books, Children Books and Others) and major geographies.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Online Second Hand Books market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are BetterWorldBooks (United States), PustakKosh (India), Amazon.com (United States), BooksByKilo (India), Booknet (India), AbeBooks (Canada), Quikr (India), OLX (Netherlands), BuySecondHandbook (India) and Powell's Books (United States).
As per the regulatory guidelines in India, "The seller must be required the proof source of books."
Global Online Second Hand Books is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Services. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Influencing Trend:
Rising Awareness among Second Hand Books, The Entry Of Big Giants Online Second-Hand Book Market, High Demand Due To Books Come Cheaper Online and Websites Have Also Encroached on The Market
Market Growth Drivers:
Low Prices and Easy Availability of Rare Books, Rising Features and Offerings by Online Platforms and The Growing Demand For English And Their Mother Language
Challenges:
Regulatory Guidelines on the Selling of Old Books
Restraints:
Increasing Competition between Major Players Present in Online Second Hand Books Market and Changing Consumer Lifestyle And Reading Habits
Opportunities:
Growing Popularity and Adoption Second Hand Books can create Opportunities for the Market Growth and The Growing Literacy Rate In Emerging Countries
Key highlights of the Global Online Second Hand Books market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Online Second Hand Books market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Online Second Hand Books market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Online Second Hand Books Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Online Second Hand Books market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Online Second Hand Books market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Online Second Hand Books Providers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.