AAP Launches New Annual Market Stats Estimate, Reports eBook Volume Flat in 2014

AAP Launches New Annual Market Stats Estimate, Reports eBook Volume Flat in 2014 AAP ebook sales The Association of American Publishers (AAP) has just debuted a new annual estimate of the US book market.

StatShot Annual (not to be confused with the monthly StatShot report or the now retired BookStats program) is based on the reported annual revenues of some 1,800 US publishers. It shows that the total US book market (including  trade and other segments) amounted to just shy of $28 billion in 2014, with 2.7 billion units sold.

Edit: Just to be clear, all the figures in this post represent industry revenue, and not consumer sales.

This was up about 4.6% from 2013, but only up 1% from 2012:

AAP Launches New Annual Market Stats Estimate, Reports eBook Volume Flat in 2014 AAP ebook sales

The trade segment showed a similar dip in 2013 before rising 4.2% in 2014, but has yet to equal the 2012 peak:

AAP Launches New Annual Market Stats Estimate, Reports eBook Volume Flat in 2014 AAP ebook sales

But this being an ebook blog, we're not interested in the overall market so much as the ebook and audiobook markets.

Downloadable audiobooks are still a small segment in absolute terms (48 million units) but it is growing at a fast clip. The segment saw record growth in both units (27.0%) and revenue (26.8%) over 2013, while physical audiobooks slightly declined.

As for ebooks, the monthly Statshot report from December 2014 already told us that the market was up slightly, and today the AAP tells us that the total market grew by 3.8% to an estimated $3.37 billion dollars, with 510 million ebook units sold (up 0.2%).

As I pointed out this morning, that is more than twice the ebook unit volume Nielsen reported for 2014.

That’s almost as large of a volume as the number of hardbacks sold in 2014 (568 million), and best of all it doesn't include the ebooks subscription estimates.

For the first time ever, the AAP is tracking ebook and audiobook subscription services. They estimate that 2.47 million and 3.88 million audiobooks were loaned in 2014.

There are no figures for 2013, but that is not a serious issue as any figure would be incredibly small. The US ebook subscription market only really got started very late in 2013, and KU of course did not launch until July 2014.

In terms of the total units sold in the trade segment, ebooks amounted to 21% of volume:

AAP Launches New Annual Market Stats Estimate, Reports eBook Volume Flat in 2014 AAP ebook sales

All of the above data is based on the press release sent by the AAP on Wednesday. You can find a copy of that release over on DBW.

But before I go, here's one final note. The AAP also estimates that brick-and-mortar stores saw a resurgence in 2014. Books sold by physical retail stores saw an increase of 3.2% in revenue ($3.80 billion from $3.68 billion) and 4.1% in units (577 million from 554 million) in the trade category.

More books were still sold online (832 million units in volume and $5.90 billion in revenue) but the increase in offline sales lends credence to the reports of the revival of US bookstores.

 

Nate Hoffelder

View posts by Nate Hoffelder
Nate Hoffelder is the founder and editor of The Digital Reader:He's here to chew bubble gum and fix broken websites, and he is all out of bubble gum. He has been blogging about indie authors since 2010 while learning new tech skills at the drop of a hat. He fixes author sites, and shares what he learns on The Digital Reader's blog. In his spare time, he fosters dogs for A Forever Home, a local rescue group.

4 Comments

  1. […] figure from a named source, my second source is the Association of American Publishers. They just released their annual estimates of the US book market, and they say that 510 million ebooks were sold in the US last year (that volume also grew by a […]

    Reply
  2. Book Sales Stats for 2014 | The Fault in Our Blogs22 June, 2015

    […] AAP – Publisher’s Weekly AAP – Ink, Bits, and Pixels AAP – Digital Book World ABA – Ink, Bits, and Pixels The Bookseller Hewlett Packard […]

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  3. […] Bits, & Pixels brings us the news of AAP’s new statistical reporter, StatShot Annual. 2014 represents a recovery over 2013, but […]

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  4. […] see, the AAP said that the US publishing industry was worth $28 billion last year. When compared to the total size of the industry, TAG's claim of $100 million lost to piracy is a […]

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