E-reader Market poised to grow at a CAGR around 6.1% during the forecast period
Market Highlights
The Global E-Reader
Market is projected to witness a significant growth rate of 6.1% from 2019 to
2024 and reach a market value of USD 12.33 Billion by the end of 2024. E-reader
is a device, which replicates the experience of printed reading on screen.
E-reader allows users to store several books, which can be downloaded from
various sources on internet. High storage capacity of e-reader provides
convenience to users, which is driving the growth of e-reader market. Moreover,
the availability of free reading content on internet is another factor which is
anticipated to support the growth of the global e-reader market.
The global e-reader
market has been segmented based on screen size, distribution channel, and
region.
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Based on screen size,
the global e-reader market has been segmented into below 6 inch, 6 to 8 inch, 8
to 10 inch, and above 10 inch. The 6 to 8 inch segment is expected to dominate
the global e-reader market during the review period owing to the high portability
coupled with sufficient screen size enabling users to read conveniently.
However, above 10 inch segment is expected to grow at highest CAGR as bigger
screen size offers better clarity, reducing eye strain.
On the basis of
distribution channel, the global e-reader market has been classified into
hypermarkets & supermarkets, specialty stores, and others. The hypermarkets
& supermarkets segment is expected to occupy the largest market share
during the forecast period due to strong vendor networks, availability of
different products and discounts offered. The non-store-based segment is
expected to register the highest CAGR during the assessment period owing to
technological advancements in the e-commerce industry and growing consumer
preference for online purchase.
Latest Industry
Updates
July 2019: PocketBook
International SA, launched a Pocketbook InkPad Pro which is waterproof
e-reader. The new device has 7.8 inch E Ink carta hd display, offering a 1404 x
1872 resolution. It is powered by 1GHZ processor and provides 16 GB of internal
storage with 1 GB of RAM.
Regional Analysis
The
global e-reader market has been segmented, by region, into North America,
Europe, Asia-Pacific, and the rest of the world.
North American region
is expected to dominate the global e-reader
market due to high spending power of poplation coupled with high
adoption of new technologies among consumers in this region. European region is
expected to occupy a significant market share in global e-reader market, during
the review period owing to the various benefits offered by e-reader, over
coventional printed reading material, such as high storage capacity and
portability.
The e-reader market in
Asia-Pacific is projected to grow at the fastest rate from 2019 to 2024.
Increasing disposable income coupled with increasing techno savvy youth
population, are factors driving the growth of e-reader market in this region,
during the forecast period.
The market in the rest
of the world is expected to grow at steady rate due to increasing disposable
income in various countries of South America such as Argentina and Brazil.
Key Players
Some of the key
players in the global e-reader market are Rakuten Kobo, Inc. (Canada),
Hanvon Technology Co. Ltd. (China), Onyx International Inc. (China), Bookeen
(France), Aluratek Inc. (US), PocketBook International SA (Switzerland), Arta
Tech (Poland), Wexler Flex (US), ECTACO Inc. (US), Ematic (US), News
Corporation (US), Sony Corporation (Japan), FlexEnable Ltd (UK), Amazon.com,
Inc. (US), and Barnes & Noble, Inc. (US).
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NOTE: Our Team of
Researchers are Studying Covid19 and its Impact on Various Industry Verticals
and wherever required we will be considering Covid19 Footprints for Better
Analysis of Market and Industries. Cordially get in Touch for More Details.
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