The Association of American Publishers have just released their new SnapShot report and they found that digital audiobook sales increased 37.7% from January to September 2015.
The global audiobook industry is currently evaluated at 2.8 billion dollars, and the United States only accounts for $200 million of this total. One of the big reasons why growth has been so explosive the last few years is primarily due to the sheer amount of new titles are being produced. 43,000 new audiobooks were released by major publishers and distributed through companies like Audible, iBooks, Findaway and your local library in 2015.
The APP has also found that eBooks sales fell 11.1%, with most of the decline coming from Children/YA books (44.8%). Meanwhile print is enjoying a resurgence with paperback books enjoying 13.3% growth.
Michael Kozlowski has been writing about audiobooks and e-readers for the past twelve years. His articles have been picked up by major and local news sources and websites such as the CBC, CNET, Engadget, Huffington Post and the New York Times. He Lives in Vancouver, British Columbia, Canada.