Books may not have had as much of an impact in Europe as they have in the U.S., but demand will grow. This, along with other dynamics affecting the book printing and publishing markets in Europe, will shape the future of book production, according to new research commissioned by Ricoh Europe PLC.
eBooks represent 20 percent of book revenues in the U.S., four times that of most major European countries, where printed books are still highly prized and under a certain level of regulatory protection by the EU and various individual European governments. In recent research commissioned by Ricoh, I.T. Strategies found that even in the U.S., nearly 70 percent of consumers said it was unlikely that they would give up entirely on printed books by 2016 and the study found that as much as 60 percent of eBooks downloaded are never read. In Europe and other parts of the world, however, book publishing dynamics are quite different than they are in North America. Ricoh commissioned the I.T. Strategies study to gain a better understanding of these influences, the differences between the U.S. and Europe in these markets, and the changes that both book publishers and book printers in Europe can expect to see over the next several years.
Highlights
“There is a deep history of publishing in Europe and a very strong connection of publishing to the culture of individual countries. As a result, there is a common desire by the individual ECC members to protect their culture, which includes protecting the book publishing industry’s established business models.”
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