International Audiobook Publishers See More Growth Ahead

The audiobook market in the U.S. is continuing to grow, with revenue increasing by 9%, to $2 billion, in 2023, according to the APA. In Europe the market is also gaining momentum, with 46% of German readers reported having listened to an audiobook or podcast in the past year, and nearly one- third of all French and Spanish readers having done so. Overall, the global audiobook market is estimated to be worth $6.83 billion in 2023 and sales are expected to reach $8.67 billion in 2024, according to Grand View Research.