09/01/2026
The latest Digital Publishing Report compares the findings from three recent reports on the state of book publishing in the world: the Association of American Publishers StatShot Annual report for 2025, the UK Publishers Association’s report on Publishing in 2025 and the German Publishers and Booksellers Association “Book Market in Brief 2026/2027.”
Key takeaways
1. The US market is growing on price, not on readers.
2. Growth is no longer a global condition — the English-language markets rose while Germany contracted.
3. The mass market paperback has effectively left the market.
4. Premiumisation absorbed the loss: hardcovers and special editions are where the money went.
5. Audio is taking share from e-books, not from print — the digital tier has stopped expanding.
6. Non-fiction is eroding on both sides of the Atlantic as knowledge demand migrates to audio and AI.
7. Religion is the only category still selling more books, on a direct and community-anchored channel mix.
8. Physical bookshops are outgrowing online retail.
9. The wholesale layer is the unwatched risk after a major distributor's collapse.
10. Education has split in two: higher ed courseware up, school budgets down.
The AAP's StatShot Annual for 2025 puts the US book market at $33.4 billion. Seen from outside the US, the interesting numbers are not the ones in the headline.