Global E-Readers Market- Description
E-reader is a type of electronic device which is specifically designed to enable users to efficiently read digital content such as e-books, newspapers, and other documents. Most of these devices are equipped with a wireless connectivity to facilitate the hassle free downloading of any digital content or other web-based tasks. They have a massive storage that can store up to 1,000 books and other readable document. Most of the e-reading devices have a sharp display which allows the readers to customize and adjust the font or text styles. These screen can further be rotated so that the users can get a better view of diagrams, pictures, and maps, among others, thereby offering a seamless reading experience to the readers.
Global E-Readers Market- Overview
The global e-readers market was valued at USD 396.5 million in 2021. It is further expected to expand at a CAGR of 4.63% over 2022-2030, thereby amassing a valuation of USD 569.5 million by end of the assessment timeline.
The widespread evolution in the e-learning paradigm, technological advancements in the field, and growing internet proliferation across the globe are the primary growth inducing factors for this marketplace.
Besides, rising R&D activities in the field, surging per capita income of the masses, and changing lifestyle trends of the masses are creating lucrative opportunities for the business sphere to prosper.
On the contrary, abundant availability of traditional books and dearth of cognizance regarding the benefits of e-readers among the masses are hindering the remuneration scope of this industry.
Global E-Readers Market- Key trends
Wide array of benefits offered by these devices is fueling industry growth
E-readers are equipped with a wide array of beneficial features which is escalating their demand across the globe. These devices are integrated with a sharp display, wireless connectivity, massive storage, and rotational screen. Moreover, these readers are also portable in nature due to their compact size and light weight. These factors in turn are positively influencing the dynamics of this market vertical.
Changing lifestyle trends of the masses to accelerate market expansion
The widespread urbanization and industrialization is predominantly contributing to the changing lifestyle trends of the masses. Due to hectic work schedules, individuals opt for quick and portable reading options. Moreover, in the era of digitalization, various governments are encouraging the adoption of e-learning methods. This in turn is augmenting the outlook of this business sphere.
Global E-Readers Market- Segmental assessment
By Screen Type
E Ink Screen
LCD Screen
By Connectivity Type
Only Wi-Fi
Wi-Fi and 3G
By Distribution Channel
Organized Retail Store
Unorganized Retail Store
e-Commerce
The e-commerce segment is reckoned to generate significant returns over the stipulated timeline owing to the various benefits offered by these shopping channels including doorstep delivery and lucrative discounts.
By Price Range
Below US$ 100
US$ 101 US$ 200
Above US$ 200
Global E-Readers Market- Geographical Landscape
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Latin America, Europe, and Asia Pacific. Among these, North America is projected to capture a substantial revenue share over 2022-2030. This is attributable to the prompt internet penetration in the region, increasing digital literacy among the masses, and presence of potential industry players.
Global E-Readers Market- Competitive Intelligence
The prominent players characterizing the competitive terrain of this market vertical are Amazon, Rakuten Kobo, Inc., Barnes & Noble, Hanvon Technology Co. Ltd., Onyx International Inc., PocketBook International SA, Aluratek Inc., Bookeen, ECTACO Inc., Ematic, Arta Tech, Wexler Flex, and Others.
Notably, July 2019, Amazon.com, Inc. announced the launch of its NOOK GlowLight Plus erReader equipped with the waterproof feature.
Report Scope
Global E-Readers Market :Historical Years- 2018-2021
Global E-Readers Market: Forecast Years- 2022-2030
Global E-Readers Market 2021- USD 396.5 million
Global E-Readers Market CAGR- 4.63%
Global E-Readers Market 2030- USD 569.5 million
Key segments covered-
By Screen Type (E Ink Screen and LCD Screen)
By Connectivity Type (Only Wi-Fi and Wi-Fi and 3G)
By Distribution Channel (Organized Retail Store, Unorganized Retail Store, and e-Commerce)
By Price Range (Below US$ 100, US$ 101 US$ 200, and Above US$ 200)
Major regions and countries covered-
North America (U.S., Canada, and Mexico)
South America (Brazil, Argentina, and Colombia)
Europe (Germany, U.K., France, Italy, Spain, and Russia)
Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)
Top players profiled- Amazon, Rakuten Kobo, Inc., Barnes & Noble, Hanvon Technology Co. Ltd., Onyx International Inc., PocketBook International SA, Aluratek Inc., Bookeen, ECTACO Inc., Ematic, Arta Tech, Wexler Flex, and Others.
