What is Second Hand Books Market?
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.
The market study is being classified by Type (Academic Books, Classics, Comic Book or Graphic Novel, Detective and Mystery, Fantasy, Historical Fiction and Others) and major geographies with country level break-up.
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 profiled in the study.
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
Analyst at AMA have segmented the market study of Global Second Hand Books market by Type, Application 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Academic Book Prices
- Widening Syllabus Leading to Demand for Multiple Reference Material
- Inclusion of People Below Poverty in Educational Programs
- Emergence of Online Medium of Buying and Selling Second Hand Books
- Delivery Across Remote Regions
- 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 AudienceSecond 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
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Second Hand Books Market?
"Rising Academic Book Prices
" is seen as one of major growth factors of Second Hand Books Market in years to come.
2. Can we have customized study for Second Hand Books Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Second Hand Books Market?
will lead the Second Hand Books Market.