E-Readers Market Size, Industry Analysis Report 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) & Region – Forecasts By 2030
- PUBLISHED ON
- 1970-01-01
- NO OF PAGES
- 266
- CATEGORY
- Electronics & Communication
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.
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.
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
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.
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.
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)
Quality Assurance Process
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Market Research Process
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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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- Assign a senior SR executive as QA Executive
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size and growth projections?
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.
What are the drivers shaping various markets?
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.
Who are the key competitors of market Players?
Some of the major players operating within the market 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.
What are the top performing segments, and countries / regions of each of the markets?
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.
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