Book Publishing in Canada - Market Research Report (2013-2028)
New York, United States
Last Updated: September 2023
NAICS 51113CARevenue
$2.7bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
7,802
Businesses
1,611
Wages
$XXX.Xm
Book Publishing in Canada industry analysis
Book publishing in Canada has grown through the end of 2023. Book publishers provide a range of services for authors including marketing; editing, design and typesetting; sales; and protecting intellectual property. Revenue is expected to grow at a CAGR of 0.3% to $2.7 billion through the end of 2023, including a hike of 1.8% in 2023 alone when profit will account for 5.5% of revenue.Profit has diminished despite the transition toward digital publishing, which is a consequence of increasing fixed broadband connections among Canadians. At present, the number of Canadians connected to the internet is higher than ever and still on the rise. Digital publishing lowers costs for many publishers, as it tends to be inexpensive in comparison with the process of publishing physical books. The decline of major bookstore chains has dramatically changed the landscape which has constrained revenue growth. With nonbook and online retailers increasingly becoming a more common mode of distribution, publishers will continue to focus on e-book sales.Moving forward, print sales will continue to decline as consumers turn toward e-books and other digital solutions. Publishers will endure growing pressure from media substitutes, which will only be exacerbated by rising levels of internet connectivity, effectively threatening smaller publishing companies. E-book sales will mitigate revenue losses from print books, but the advent of digital publishing will also make it easier for authors to publish their own works, limiting growth potential. Revenue is expected to grow at a CAGR of 1.2% to $2.8 billion through the end of 2028.
Trends and Insights
- External competition continues to intensify from e-readers and self-publishing platforms. Publishers have responded by investing in technology and focusing on core markets, like education.
- E-book popularity fuels revenue growth for publishers. Consumers of all ages are increasingly purchasing e-books because of lower costs and easier access.
- Book publishers tend to locate near population centres like Toronto, Ottawa and Montreal. These areas have sizeable consumer markets which promotes a strong level of demand.
- Competition to secure the work of reputable authors is fierce among book publishers. Publishers with a regular presence in points of sale, including in-store locations or specific online channels, will have a competitive advantage.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 0.3 % over the past five years, to reach an estimated $2.7bn in 2023.
Trends and Insights
Brick and mortar stores struggle to compete with e-reader devices
- Amazon.com Inc. (Amazon) remains a central source of tension in the e-book market as it dominates via its Kindle e-reader device. E-book sales have surged and contributed to diminished demand for traditional books.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
The book resale market continues to grow
- The growing popularity of textbook rental markets and used book markets will continue to siphon away sales for new books.
Biggest companies in the Book Publishing in Canada
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Paramount Global | 136.3 | 7.0 | 5.1 | |
Thomson Reuters Corporation | 74.7 | N/A | N/A | |
Friesens Corporation | 63.1 | N/A | N/A |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Children's and young adult books, Adult consumer books and Scholarly, professional and technical books. Children's and young adult books is the largest segment of the Book Publishing in Canada.
Trends and Insights
Children's and young adult books fall in popularity
- This segment is expected to comprise 14.7% of revenue in 2023.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Newspaper Publishing in Canada
- Magazine & Periodical Publishing in Canada
Complementors
- Database & Directory Publishing in Canada
- Greeting Cards & Other Publishing in Canada
International industries
- Book Publishing in the US
- Children's Book Publishing in the US
- Audiobook Publishing in the US
- E-Book Publishing in the US
- Book Publishing in Australia
Table of Contents
About this industry
Industry definition
Operators in this industry edit and design books, engage in marketing activities and make distribution agreements with operators in the Book, Magazine and Newspaper Wholesaling industry (IBISWorld report 42492). The industry includes e-book publishing, but excludes authors who are part of the Performers and Creative Artists industry (71151) or the Printing industry in Canada (32311CA).
What's included in this industry?
Discovering authors, stories or other contentEditing booksDesigning book layout and coversMarketing authors and booksPublishing educational booksPublishing adult trade booksPublishing children's and young adult booksPublishing scholarly, professional and technical booksCompanies
Paramount GlobalThomson Reuters CorporationFriesens CorporationPurchase this report to view all 5 major companies in this industry.
Related Terms
TRADE BOOKEBOOKDIGITAL PRINTINGBRICK-AND-MORTARIndustry Code
NAICS 511130 - Book Publishing in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
External competition continues to intensify from e-readers and self-publishing platforms. Publishers have responded by investing in technology and focusing on core markets, l...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
E-book popularity fuels revenue growth for publishers. Consumers of all ages are increasingly purchasing e-books because of lower costs and easier access.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2023
- Product innovation level
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Book publishers tend to locate near population centres like Toronto, Ottawa and Montreal. These areas have sizeable consumer markets which promotes a strong level of demand.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each province in 2023
- Number and share of revenue each province accounts for in 2023
- Number and share of wages each province accounts for in 2023
- Number and share of employees in each province in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Competition to secure the work of reputable authors is fierce among book publishers. Publishers with a regular presence in points of sale, including in-store locations or spe...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Market share concentration is suppressed by the presence of nonemployers, which account for the majority of all establishments. Competition is fierce among the more than 1,50...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Paramount Global's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Thomson Reuters Corporation's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Friesens Corporation's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for Paramount Global, and factors influencing its performance in the industry
- Description and key data for Thomson Reuters Corporation, and factors influencing its performance in the industry
- Description and key data for Friesens Corporation, and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Growing internet connectivity has limited industry growth. Consumers have increasing access to alternate forms of entertainment and information including TV, streaming servic...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Investments in new technologies have pressured profitability for publishers. Growing competitive pressure has forced many publishers to alter their operations to remain compe...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Assets (2016-2021)
- Liabilities (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Book Publishing industry in Canada in 2024?
The market size of the Book Publishing industry in Canada is $2.7bn in 2024.
How many businesses are there in the Book Publishing in Canada industry in 2023?
There are 1,611 businesses in the Book Publishing industry in Canada, which has grown at a CAGR of 1.5 % between 2018 and 2023.
Has the Book Publishing industry in Canada grown or declined over the past 5 years?
The market size of the Book Publishing industry in Canada has been growing at a CAGR of 0.3 % between 2018 and 2023.
What is the forecast growth of the Book Publishing industry in Canada over the next 5 years?
Over the next five years, the Book Publishing industry in Canada is expected to grow.
What are the biggest companies in the Book Publishing market in Canada?
The biggest companies operating in the Book Publishing market in Canada are Paramount Global, Thomson Reuters Corporation and Friesens Corporation
What does the Book Publishing in Canada include?
Discovering authors, stories or other content and Editing books are part of the Book Publishing industry.
Which companies have the highest market share in the Book Publishing in Canada?
The company holding the most market share in Canada is Paramount Global.
How competitive is the Book Publishing industry in Canada?
The level of competition is high and steady in the Book Publishing industry in Canada.
