Increased consumer expenditure on books, fueled by rising incomes and innovations aimed at improving the entire reading experience, are likely to drive market growth throughout the forecast period
Covid-19 Impact & Market Status
The ongoing COVID-19 has spread quickly across several regions around the world, wreaking havoc on people's lives and the community as a whole. It began as a human health concern and has now become a major danger to global trade, economics, and finance. The COVID-19 epidemic has halted the manufacture of several crash barrier system goods because of the ongoing lockdown in critical global countries. Furthermore, in March 2020, the Bibliotheca Alexandrina made 200,000 digitized books available for free on the 'Dar' website, with the goal of increasing knowledge accessibility through the digital world. With the coronavirus spreading across the country, the Bibliotheca encouraged those who were confined to their homes to peruse the electronic library on its official website.
The Academics Segment is accounted for the Maximum Revenue in the Predicted Period.
In 2020, the academic category was predicted to be worth USD 54.9 million, with a market share of around 27.0 percent. For decades, academic publishers have had a significant presence in Egypt's book services sector. Mohamed Sabry, an Egyptian publisher, is aggressively focusing on infusing his Egyptian publishing business with young vigor through his products. Sabry and his wife, Neven El Tohamy, created Kayan Publishing in 2013. Throughout the Arab world, Egyptian cultural and historical literature is well-known. The economic value of cultural industries can be quantified in terms of their contribution to the GDP (gross domestic product) or their potential to employ people. In Egypt, religion is a collection of ideas and activities that would encompass the modern definition of religion as believing in a higher power and a life beyond death.
Cookbooks, fashion and lifestyle magazines, and home utility books are examples of utility books. Culinary tourism is one of Egypt's most popular attractions, and the books market has a large selection of cookbooks, like DynaEldaief's The Taste of Egypt. The papers cover a wide range of subjects, including social, research, science, medical, economics, and politics.
The English Book Segment is likely to Rise with the Greatest Revenue in the Estimated Timeframe.
During the projected period, the English book segment is predicted to grow at a CAGR of 1.9 percent. In 2020, the segment had a revenue share of roughly 64.0 percent. Many people in the country have been working to improve their English fluency, and reading is seen as one of the most efficient methods to doing so. The country's international book releases are also helping to boost English book sales. Books published in Arabic, as well as translated literature, are included in the Arabic language category. According to various experts, including YouTubers, publishers, and organizers of cultural sites and clubs, translated works are particularly popular with young Egyptians.
The Aassir Al-Kotob organization pushed PDF-formatted books. Despite the fact that they were written by unknown young authors, their works quickly attracted prominence. The vast majority of Egyptians speak a single language; however, there are some immigrants who speak various languages in Egypt. Egypt speaks a variety of immigrant languages, including Adyghe, Amharic, Greek, Armenian, and Italian.
Higher consumer spending and a greater focus on self-development is one of the key reasons influencing book demand.
Egypt is one of the most important centers of Arabic publishing, hosting the Arab world's oldest and most prominent book market, the Cairo International Book Fair, which takes place every year in January and February. The fair focuses on direct sales to the public and has traditionally attracted a large number of people — in fact, it used to draw about 2 million visitors each year before 2011. Since the revolution, attendance has dropped dramatically, although it is steadily improving, with roughly 775 exhibitors from 24 nations attending the show in 2014. The global Egypt Book Services market is anticipated to reach over USD 235 million at a CAGR rate of 2.0% during the prediction period.
Cairo Calling, a professional program aimed at building professional contacts between international publishers and cultural organizations and their Arabic equivalents, was first featured during the expo in 2015. The initiative's major purpose is to improve the fair's professional attractiveness and to establish Egypt as a significant platform for cultural interchange between the Arab market and the rest of the globe. Delegates from the Netherlands, France, and Germany took part in the first edition of the program, which garnered extremely excellent comments from attendance.
Furthermore, in March 2020, the Bibliotheca Alexandrina made 200,000 digitized books available for free on the 'Dar' website, with the goal of increasing knowledge accessibility through the digital world. With the coronavirus spreading across the country, the Bibliotheca encouraged those who were confined to their homes to peruse the electronic library on its official website.
International merchants are increasingly using modern distribution channels to get into the Egyptian market, which is still mainly fragmented. The number of bookshops, both online and offline has increased in recent years, making books more readily available and accessible. Consumer purchasing preferences in Egypt are projected to be influenced by the rising demand for utility and self-help books.
The industry is primarily dependent on a mix of high-skilled labor and medium management, with high-skilled labor accounting for 40% of the sample of businesses analyzed and medium management accounting for another 40%. In terms of low-skilled and medium-skilled labor, as well as medium management, the enterprises agreed that the requisite labor quality is accessible in appropriate conditions for the industry. There was no agreement on how much high-skilled labor and senior management were available. As they all felt that their workers' performance had a major impact on their performance, the companies examined provide continual training for their staff that is funded by the firms themselves.
In general, the BPI enterprises do not have financial difficulties. The escalating pricing of print and e-book titles is one of the market's biggest difficulties, leading to customers looking for alternatives to buying second-hand copies. Furthermore, obtaining authorization from the Ministry of Security for the acquisition of printers, fax machines, scanners, and copiers is a significant barrier to market expansion.
The global Egypt book services market is fragmented, with several major players vying for market dominance. The majority of businesses on the market are technologically savvy, yet they still need help to improve their offerings and grow their operations. As a consequence, mergers and acquisitions have a strong chance of attracting a large number of healthcare providers and hospitals from all over the world. Some of the current industry participants include the Anglo Egyptian Bookshop, Aboudi Bookstore, Diwan; AUC Press, Adam Bookshop, Berkelouw Books, Bookbuz, Jamalon, Al Kotob Khan, International Language Bookshop, Ekra, and Nile Wafrat.com.
Latest Innovations in the Global Egypt Book Services Market: a Snapshot
- The National Center for Child Culture published 'The Lazy Bee,' a compilation of stories providing vital educational concepts for children, in February 2021.
This global market research report's goal is to provide a comprehensive look at the global Egypt Book Services market. The research analyses the market's growth potential, demographics, and capacity throughout the anticipated time period. This component assists in determining market size and forecasting market growth during the evaluation phase.
Egypt Book Services Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 235 million|
|Growth Rate||CAGR of 2.0 % during 2021-2028|
|Segment Covered||Genre, Language, Regions|
|Key Players Profiled||Anglo Egyptian Bookshop, Aboudi Bookstore, Diwan; AUC Press, Adam Bookshop, Berkelouw Books, Bookbuz|
Key Segments of the Global Egypt Book Services Market
Genre Overview, 2018-2028 (USD MILLION)
- Utility Books
Language Overview, 2018-2028 (USD MILLION)
- Foreign (German, French, Spanish)
Frequently Asked Questions (FAQ) :
1.2. Market Definition and Scope
1.3. Units, Currency, Conversions, and Years Considered
1.4. Key Stakeholders
1.5. Key Questions Answered
2. Research Methodology
2.2. Data Capture Sources
2.3. Market Size Estimation
2.4. Market Forecast
2.5. Data Triangulation
2.6. Assumptions and Limitations
3. Market Outlook
3.2. Market Dynamics
3.3. Porter’s Five Forces Analysis
3.4. PEST Analysis
4. Egypt Book Services Market by Genre, 2018-2028 (USD MILLION)
4.7. Utility Books
5. Egypt Book Services Market by Language, 2018-2028 (USD MILLION)
5.3. Foreign (German, Spanish, French)
6. Egypt Book Services Market by Region 2018-2028 (USD MILLION)
a. North America
iv. Rest of Europe
c. Asia Pacific
iv. Rest of Asia Pacific
d. South America
iii. Rest of South America
e. Middle East & Africa
7. Competitive Landscape
7.1. Anglo Egyptian Bookshop
7.2. Aboudi Bookstore
7.4. AUC Press
7.5. Adam Bookshop
7.6. Berkelouw Books
7.9. Al Kotob Khan
7.10. International Language Bookshop
7.12. Nile Wafrat.com
8.1. Primary Research Approach
8.1.1. Primary Interview Participants
8.1.2. Primary Interview Summary
8.3. Related Reports