E-textbook Rental Market
E-textbook Rental Market Global Industry Assessment & Forecast
- By Type Pay-as-You-Go Models, Subscription Models
- By Application Non-Academic Segment, Academic Segment
|Forecast Years:||2021 - 2028|
|Historical Years:||2016 - 2020|
|Revenue 2021:||1241.69 Million|
|Revenue 2028:||1962.4 Million|
|Revenue CAGR (2021 - 2028):||1.2|
|Fastest Growing Region (2022 - 2028)||North America|
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
The global E-textbook Rental market was valued at USD 1241.69 Million in 2020 and is projected to reach USD 1962.4 Million by 2028, growing at a CAGR of 1.2% from 2021 to 2028.
|Historical Data (Actual Data)||2016-2020|
|Base Year Data||2020|
|Current Year Date||2021|
|Projected year data||2028|
|Annual Market Size (2028)||1962.4 Million|
|Annual Market Size (2021)|
|CAGR (2021 - 2028)||1.2%|
Overview and Description
A digital textbook is a digital book or e-book intended to serve as the text for a class. Digital textbooks may also be known as e-textbooks or e-texts. Renting the book online is known as E-textbook Rentals.
The global E-textbook Rental market report provides a thorough analysis of each segment, region, and country. All the segments are studied considering historical and future trends across geographies. All the segments are analyzed based on trends, market size, and forecasts, and the data is provided for the years 2016–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report. In addition to that, the report will cover a thorough analysis of major players operating in the market based on company overview, product portfolio, recent developments, business strategies, financial performance, and market share among others. Cumulatively, the report will cover all aspects regarding the global E-textbook Rental market.
COVID-19 Impact Analysis
In 2020, swift spread of COVID-19 largely impacted the global business operations, disrupting the supply chain and impairing various industries. The global trading activities were declined severely owing to the nationwide lockdowns, international border seals, and strict social distancing measures. This had a drastic impact on the global economy, as the companies across the globe were forced to either fully close or partially close their operations, leading to disruption in the supply-demand ratio. Moreover, in 2021 several key markets such as U.S., India, and Brazil among others witnessed a second wave of COVID-19 that further disrupted the market. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.
The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:
o Impact Assessment of COVID-19 Pandemic
o Pre & Post COVID-19 Market Size
o Qualitative analysis on the short term & long term impact of COVID-19 on the market
o The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.
The report includes an exhaustive analysis of E-textbook Rental industry that includes drivers, restraints/challenges, opportunities, and segmental/regional trends among others. Apart from that, it will also cover extensive information on various marketing tools such as PEST Analysis, Porter’s Five Forces Analysis, pricing trends, SWOT analysis, and value chain among others.
One of the biggest benefits of digital textbooks is that they’re highly portable. One e-book reader is more than enough to carry all the textbooks you want. Instead of having to carry several bulky books in your bag, you can store thousands of e-books on your e-reader and easily carry them around. And since all the books are in one small device, you get to save lots of space. This is driving the demand for E-textbooks rental market.
In most cases, the contents of electronic books are cloud-based. This makes it easy to update the content at any given time. This is also fueling the market growth.
A common challenge associated with illuminated screens is that the user can strain their eyes if they stare at it for extended periods. That’s especially true if you’re poring over digital pages late into the night while preparing for an exam or class project. Printed textbooks hardly strain your eyes, as long there’s enough light close to you. This is restraining the demand. The irresistible appeal of online entertainment and social media can prove quite distracting when you’re trying to read a digital textbook. This is restraining the demand for E-textbook Market.
Global E-textbook Rental Market Report Scope
|Market Size Provided for Years||2016-2028|
|Market Size Provided In Terms Of||Revenue & Volume|
|Segments Covered||Type, Application|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Countries Covered||The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Companies Covered||TextbookRentals.com, BookFinder.com, Bloomsbury, Half.com, CengageBrain, Alibris, Amazon, Chegg, BookRenter, Scribd, BigWords.com, Student2Student, TextbookRush, Campus Book Rentals.|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|
Type Analysis: Preview
On the basis of Type, the market is segmented into Pay-as-You-Go Models, Subscription Models. Pay-as-You-Go Models held the highest share in the global E-textbook Rental market and is projected to witness the same trend during the forecast period.
Application Analysis: Preview
Based on Application, the market is segmented into Non-Academic Segment, Academic Segment. Non-Academic Segment accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Based on , the market is segmented into . dominates the global E-textbook Rental market and is expected to continue the same trend from 2021 to 2028.
Global E-textbook Rental Market: Type Segment Analysis
- Pay-as-You-Go Models
- Subscription Models
Global E-textbook Rental Market: Application Segment Analysis
- Non-Academic Segment
- Academic Segment
Regional Analysis: Preview
Geographically, the global E-textbook Rental market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The report covers a thorough segmental analysis for each region comprising of market size and estimations for each segment by region for the years 2016–2028. In addition to that the report analyses E-textbook Rental market at country-level hence the regional study is further bifurcated into key country-level markets from each region. North America is anticipated to dominate the global market during upcoming years. This is accredited to the presence of key market players combined with rising demand from the end-users. Some of the prominent country-level markets are U.S., China, Germany, France, India, and Japan.
Market Size, 2021 (USD Billion)
Global E-textbook Rental Market: Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Major players in the global E-textbook Rental market are TextbookRentals.com, BookFinder.com, Bloomsbury, Half.com, CengageBrain, Alibris, Amazon, Chegg, BookRenter, Scribd, BigWords.com, Student2Student, TextbookRush, Campus Book Rentals.. The global E-textbook Rental market report covers an exhaustive analysis of all the key players in the industry. This includes a business overview, extensive portfolio, business strategies, news, financial performance, length of distribution network, and geographical presence among others. In addition to that, the report also covers company market share along with in-depth strategic developments.
Global E-textbook Rental Market: Key Highlights
- The global E-textbook Rental market was valued at USD 1241.69 Million in 2020
- The global E-textbook Rental Market is projected to reach USD 1962.4 Million by 2028
- North America held the highest share of the E-textbook Rental market in 2020
- Some of the major companies operating in the E-textbook Rental market are TextbookRentals.com, BookFinder.com, Bloomsbury, Half.com, CengageBrain, Alibris, Amazon, Chegg, BookRenter, Scribd, BigWords.com, Student2Student, TextbookRush, Campus Book Rentals.
- Digital textbooks can be incredibly cheap. That’s a huge reason why these textbooks are preferred by college students who are always on the lookout for ways to save money. E-textbooks are eco friendly, for instance, Firstly, there are no added shipping and delivery costs for digital e-textbooks. Additionally, the cost of paper and printing are also eliminated. It’s the reason most digital textbooks cost less than half the price of printed versions..
Frequently Asked Question
What is the global demand for E-textbook Rental in terms of revenue?
The global E-textbook Rental valued at 1241.69 Million in 2020 and is expected to reach 1962.4 Million in 2028 growing at a CAGR of 1.2%.
Which are the prominent players in the market?
The prominent players in the market are TextbookRentals.com, BookFinder.com, Bloomsbury, Half.com, CengageBrain, Alibris, Amazon, Chegg, BookRenter, Scribd, BigWords.com, Student2Student, TextbookRush, Campus Book Rentals..
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 1.2% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
The driving factors of the E-textbook Rental include
- One of the biggest benefits of digital textbooks is that they’re highly portable. One e-book reader is more than enough to carry all the textbooks you want. Instead of having to carry several bulky books in your bag, you can store thousands of e-books on your e-reader and easily carry them around. And since all the books are in one small device, you get to save lots of space. This is driving the demand for E-textbooks rental market.
- In most cases, the contents of electronic books are cloud-based. This makes it easy to update the content at any given time. This is also fueling the market growth.
Which region accounted for the largest share in the market?
North America was the leading regional segment of the E-textbook Rental in 2020.