Publishers expertise a 24% enhance in audiobook gross sales

Main publishers have reported that their complete gross sales from audiobooks have elevated by over 24.5% in 2018. General gross sales have been $940 million and 91% of this determine was from digital audiobooks. Over 44,685 particular person audiobook titles have been produced final 12 months, up 5.eight% from 2017.

That is the seventh 12 months in a row that audiobook gross sales have been growing and the highest sellers final 12 months have been Normal Fiction, Mysteries/Thrillers/Suspense, and Science Fiction/Fantasy, the survey discovered. Non-Fiction gross sales have been shut, representing 32.7% of unit gross sales in 2018.

Adults continued to be by far the most important prospects for audiobooks, accounting for simply over 91% of income final 12 months. Whereas gross sales of grownup and younger grownup titles every elevated by double digits, gross sales of audiobooks aimed toward kids grew reasonably.

Earlier this 12 months, the Audiobook Publishers Affiliation reported that, for the primary time ever, 50% of People mentioned they’d listened to an audiobook. The APA partially attributed the rise to an growing reliance on the applied sciences that may play digital audio, from smartphones to good audio system to in-dash automotive leisure techniques. The simultaneous rise of podcasting can also have spurred curiosity in audiobooks, on condition that 55% of audiobook listeners had additionally listened to a podcast throughout the final month.

If you wish to study extra concerning the world audiobook business, you’ll want to learn our full report on tendencies and evaluation.

Michael Kozlowski is the Editor in Chief of Good e-Reader. He has been writing about audiobooks and e-readers for the previous ten years. His articles have been picked up by main and native information sources and web sites such because the CNET, Engadget, Huffington Submit and Verge.

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