Book Retailing on the Internet - Market Assessment

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Practically everyone in the UK now has access to the Internet, whether that be from home, work, school, college or the local library.
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April 14, 2007 (Press Release) -- Book Retailing on the Internet - Market Assessment

Practically everyone in the UK now has access to the Internet, whether that be from home, work, school, college or the local library. In 2003, National Statistics figures (Individuals Accessing the Internet - National Statistics Omnibus Survey - Access to Internet from Home) showed that 48% of households have Internet access. Previous Book Retailing on the Internet Market Assessment reports have needed to also examine the market for Internet services, but advances in access now render this unnecessary. For this edition, we look at the consumer market for buying books online, the schools/academic/children's markets and, for the first time, the market for electronic services to the book trade.
There is also a growing demand for electronic books (ebooks) and this market is examined in some detail in this report.
The UK total book market was worth around £3bn in 2003. Industry estimates indicate that 6% of that market consists of books sold online, with Internet book sales worth around £215m in 2003. Consumer confidence in purchasing goods online is growing as more protection - through the Data Protection Acts and through retailers' own technical securities - is put in place. However, for online booksellers, credit card fraud is one of the main problems they face, with as up to 10% of sales estimated as fraudulent (according to the Internet Bookseller's group).
Amazon remains the market leader but, as barriers to creating an online presence are increasingly lowered, many more booksellers are able to provide online services in addition to their bricks-and-mortar outlets, particularly as one of the UK's largest book wholesalers provides ready-made Web templates for its customers.
There is a growing market for hard-to-find and secondhand books: the Internet, through online auction houses such as eBay, has helped to make those rare editions more accessible to the online community. The leader here is Abe, of which the database of secondhand and rare books continually grows as more and more secondhand booksellers join its network. Abe also works in partnership with Amazon.co.uk, which provides a secondhand book service through its website, linked to the Abe database.

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