Ebooks Now Account for Greater Share of the Canadian Book Market Than in the US
Canada’s National Reading Campaign has just released the results of a recent market survey. This is the second annual survey, and it is the first that tracks ebooks. The survey covers just the last week in January and it covers books sold by Indigo, Amazon, and other national chains, as well as 260 indies.
English language book sales in general were up 4% from last year, and French language print book sales also increased by 35% (due to more stores reporting).
But it’s the ebook news that I’m most interested in. If the stats are to be believed, ebooks are now just under 10% of the English language book market in Canada.
Let me give you the reason that this blew my socks off. The ebook market share in the US is only about 7%, assuming that we use the AAP stats as a yardstick. That means the Canadian ebook market is growing faster than the US market. I hope you were sitting down (sorry).
This raises the obvious question, why is it growing faster?
The US market is older, and we’ve had Amazon pushing the Kindle since Fall 2007. I don’t have specific details on the Canadian market, but I would bet that it started taking off after Shortcovers became Kobo. Kobo was owned by Indigo at the time and it was heavily promoted in their stores.
That in-store presence could have made the difference. Yes, B&N lunched the Nook at about the same time that Kobo was launched, but B&N doesn’t have the market presence you might assume they have. For example, I don’t have a B&N store within driving distance. (On the other hand, I do have a Books-a-Million nearby, and the value of the in-store presence might be why BAM carries the Nook.)