The audiobook industry has experienced remarkable growth over the past decade, evolving into a multi-billion-dollar sector that caters to a diverse audience of readers, listeners, and learners. As we look toward 2025, the audiobook market is poised to reach new heights, fueled by technological advancements, changing consumer preferences, and the continuous expansion of content libraries.
Along with ebooks, audio books are an ever-growing market ripe for authors everywhere to tap into. The popularity of audiobooks has grown so much that it's now a multi-billion dollar sector, with Audio Publishers Association's proprietary annual consumer survey (reporting from 3rd June 2024) that audiobook revenue in the US grew by 9% in 2023, bringing the total for the US market to $2 billion.