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Egypt Book Services Products Market Size, Share, & Trends Analysis Report (2023 – 2030)
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Report Overview
The Egypt book services market was valued at USD 18.5 billion in 2021 and is expected to grow at a CAGR of 5.3% from 2022 to 2030. The increasing demand for e-books and digital services, rising literacy rate, and growing popularity of online bookstores are some of the key factors driving the market growth.
Book services in Egypt are expected to gain traction due to the rising demand for study materials among students and the increasing number of online bookstores. The wide availability of books in the library and online stores allows customers to search for books based on their preferences, which has led to a rise in the demand for books. In addition, the increasing demand for travel and tourism books is also contributing to the growth of the market.
Furthermore, the growing popularity of mobile applications and digital book services is driving the market growth in Egypt. Mobile applications and digital book services allow customers to access a wide variety of books and other reading materials on their smartphones and devices. The ease of access and the convenience offered by these services are some of the key factors driving the market growth in the country. Furthermore, the rising popularity of online bookstores is also contributing to the market growth.
In addition, the availability of a wide variety of books in different languages is also driving the market growth. The rising demand for language books, especially Arabic books, is driving the demand for these services in the country. Moreover, the introduction of new educational and research books is also expected to drive the market growth.
Moreover, the government initiatives to promote reading and the rising demand for used books is expected to fuel the growth of the market. The growing popularity of online bookstores and the availability of used books are also driving the market growth in the country. Furthermore, the increasing demand for non-fiction books and the rising popularity of self-help books are also expected to drive the market growth in the country.
Product Insights
The e-books segment is estimated to hold the largest share in the Egypt book services market in 2022. The high demand for e-books can be attributed to the increasing number of consumers opting for digital content over physical books. Furthermore, the availability of e-books on various mobile devices, such as tablets, laptops, and smartphones, is another factor driving the demand for e-books in the country.
The print books segment is expected to grow at the fastest CAGR of 8.7% over the forecast period. The increasing demand for printed books is attributed to the growing popularity of e-readers and physical copies of books. Additionally, the rising demand for printed books among consumers has been driving the segment’s growth. According to an article published by the International Publishers Association, in December 2019, Egypt was among the top 10 countries in the world in terms of the number of books published. This is another factor that is expected to fuel the growth of the segment.
Distribution Channel Insights
The physical stores segment is anticipated to account for a major share of the Egypt book services faucet products market during the forecast period. The growth of this segment is attributed to the presence of numerous physical stores across Egypt, which offer a wide range of book services faucet products. Moreover, the Internet penetration rate in Egypt is expected to increase significantly during the forecast period, which is likely to have a positive impact on the growth of the online distribution channel segment.
The e-commerce segment is anticipated to register the highest CAGR during the forecast period. This is attributed to the rising penetration of the Internet in Egypt and the increasing number of e-commerce platforms offering book services faucet products. In addition, the increasing convenience and flexibility of online shopping platforms, along with promotional offers and discounts, is expected to drive the growth of the segment.
Type Insights
The online book services segment accounted for the largest revenue share of 63.7% in the year 2022. The surge in the number of internet users and increasing investments in the internet infrastructure in Egypt are aiding the growth of the online book services market in the country. Furthermore, the emergence of online bookstores and the increasing availability of online rental services is also driving the growth of the market. For instance, in April 2021, the Egyptian Company for Book Trading (ECBT) launched an online bookstore called ‘Booker’, offering digital books, audiobooks, and magazines.
The offline book services segment is expected to expand at the highest CAGR of 8.2% over the forecast period. The availability of books in physical stores and the ease of access to them is driving the demand for offline book services in Egypt. Furthermore, the presence of well-established bookstores such as Diwan and Kitabat, along with the increasing number of new bookstores, is contributing to the growth of the market.
Regional Insights
The Middle East & Africa is expected to witness a significant growth during the forecast period. Egypt is expected to be the leading country in the region, due to the rising trend of digitalization of books and the increasing number of online bookstores. For instance, in June 2021, Egypt Book Services (EBS) launched an online bookshop for the sale of books and educational materials. Moreover, the launch of new products is expected to fuel the demand for Egypt Book Services products in the region. For instance, in April 2021, Egypt Book Services launched a new series of children’s books titled “My Egypt”.
Financial Projections
In this part of the Egypt Book Services Products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your Egypt Book Services Products business. Usually, these projections are drafted for a 5-year period.
Revenue Assumptions
The main source of revenues for Egypt Book Services Products comes from the sale of books, magazines and other printed material, as well as other services such as printing, binding and book repair. Here you will find a list with a description of each of them and other possible sources of profit such as subscription services, digital products, and advertising.
Projecting Expenses
In this section, all the regular expenses related to keeping the Egypt Book Services Products business running will be described. The list of operating expenses includes employee wages, rent and utilities, office supplies, transportation and delivery, advertising, and insurance policies.
Key companies & market share insights
Some of the key companies operating in the Egyptian book services market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:
– In June 2022, the Egyptian Library Network launched its first book delivery service in Cairo.
– In August 2022, the Egyptian National Library and Archives (ENLA) launched its online book ordering service.
– In October 2022, the Egyptian Publishing House launched a subscription-based book delivery service.
Some of the prominent players in the Egyptian book services market include:
– The Egyptian Library Network
– The Egyptian National Library and Archives (ENLA)
– The Egyptian Publishing House
– El Sawy Culturewheel
– Al- Ahram Foundation
– The Cairo International Book Fair
– Dar El Shorouk
– The American University in Cairo Press
– AUC Press
– American University in Cairo Library
Global Egypt Book Services Market Segmentation
This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global Egypt Book Services products market based on product type, distribution channel, and region:
1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)
– Books
– Magazines
– Journals
– Others
2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
– Online
– Offline
– Others
3. Regional Outlook (Revenue, USD Million, 2017 – 2030)
– North Africa
– West Africa
– East Africa
– Central Africa
– South Africa
Frequently Asked Questions
[Q]: What are the Key Drivers for Growth in the Egypt Book Services Market?
[A]: The Egypt Book Services market is driven by factors such as the growing demand for high-quality printed books, an increase in the number of digital books, and the rising popularity of e-books. The growing demand for books from the education sector is also expected to fuel market growth.
[Q]: What are the Major Applications of Egypt Book Services?
[A]: Egypt Book Services are used in a variety of applications such as education, library services, corporate trainings, and research activities. The education sector is the largest consumer of book services, followed by the corporate sector.
[Q]: Who are the Leading Players in the Egypt Book Services Market?
[A]: The key players in the Egypt Book Services market include Elsevier, Oxford University Press, Springer Nature, Taylor & Francis Group, and McGraw-Hill Education.
[Q]: Which Region Offers the Largest Opportunity for Sales of Egypt Book Services?
[A]: North America is expected to be the largest market for Egypt Book Services, followed by Europe. The increasing demand for digital books and the rising adoption of e-books are expected to drive market growth in the region.
[Q]: What are the factors restraining the Egypt Book Services Market?
[A]: Factors such as the increasing competition from digital books and the availability of counterfeit books are expected to restrain the growth of the Egypt Book Services market. Moreover, the rising cost of printing and shipping are expected to hinder the market during the forecast period.
Research Methodology
Impact Analytix employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory scenario and expected developments
Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting our reports. Exhaustive primary interviews are conducted, face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
Market-leading companies
Raw material suppliers
Product distributors
Buyers
The key objectives of primary research are as follows:
To validate our data in terms of accuracy and acceptability
To gain an insight into the current market and future expectations
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