by cardiffcastlequarter

Companies in the book retailing industry specialise in the sale of new books from a physical store. This industry excludes used and antique books, e-books and books sold via the internet. The book retailing industry faces strong competition from online stores and supermarkets. Adding to this, e-books are a relatively new product that have the potential to constrain demand for the specialised book store even further. Other factors affecting this industry include the release of books by popular authors, consumer confidence and unemployment rates. Overall, IBISWorld estimates that industry revenue will decline at an average annual rate of 3.1% over the five years to 2010-11, to £1.49 billion.

The major factor constraining industry revenue over the past five years was competition. The industry lost market share to online retailers and supermarkets over the past five years. Based on ONS data and IBISWorld estimates, specialised book retailers will account for 55% of the book retailing market in 2010-11, down from 61.1% in 2004-05 and 71% in 2000-01. In contrast, online retailers will increase their market share from 16.6% in 2005-06 to 18.5% by 2010-11. E-books are a product which began to gain popularity late in the current performance period. E-books are excluded from this industry’s definition. Book stores are placing a greater focus on e-books and e-readers. This is expected to take further market share away from the specialised book retailer over the next five years.

IBISWorld estimates that this industry has a medium market share concentration level. The top four players account for between 65% and 70% of industry revenue. The two largest players are Waterstone’s (owned by HMV Group) and WH Smith.

IBISWorld estimates that the number of companies in the industry will decline at an average annual rate of 5.2% over the five years to 2010-11 to approximately 1,212. The four largest companies in the industry account for a large share of revenue. Independent book stores exist, but are declining in number. Borders went into administration in the UK, due to factors such as competition from online retailers. IBISWorld estimates that employment will fall by 5.5% on average over this period, to approximately 13,000. Wages will fall over this period, by 2.7% on average… The full report is available to purchase from IBISWorld UK website.

by cardiffcastlequarter

Companies in the book retailing industry specialise in the sale of new books from a physical store. This industry excludes used and antique books, e-books and books sold via the internet. The book retailing industry faces strong competition from online stores and supermarkets. Adding to this, e-books are a relatively new product that have the potential to constrain demand for the specialised book store even further. Other factors affecting this industry include the release of books by popular authors, consumer confidence and unemployment rates. Overall, IBISWorld estimates that industry revenue will decline at an average annual rate of 3.1% over the five years to 2010-11, to £1.49 billion.

The major factor constraining industry revenue over the past five years was competition. The industry lost market share to online retailers and supermarkets over the past five years. Based on ONS data and IBISWorld estimates, specialised book retailers will account for 55% of the book retailing market in 2010-11, down from 61.1% in 2004-05 and 71% in 2000-01. In contrast, online retailers will increase their market share from 16.6% in 2005-06 to 18.5% by 2010-11. E-books are a product which began to gain popularity late in the current performance period. E-books are excluded from this industry’s definition. Book stores are placing a greater focus on e-books and e-readers. This is expected to take further market share away from the specialised book retailer over the next five years.

IBISWorld estimates that this industry has a medium market share concentration level. The top four players account for between 65% and 70% of industry revenue. The two largest players are Waterstone’s (owned by HMV Group) and WH Smith.

IBISWorld estimates that the number of companies in the industry will decline at an average annual rate of 5.2% over the five years to 2010-11 to approximately 1,212. The four largest companies in the industry account for a large share of revenue. Independent book stores exist, but are declining in number. Borders went into administration in the UK, due to factors such as competition from online retailers. IBISWorld estimates that employment will fall by 5.5% on average over this period, to approximately 13,000. Wages will fall over this period, by 2.7% on average… The full report is available to purchase from IBISWorld UK website.