Magazine Advertising - Australia & Oceania

Australia & Oceania

Highlights

Ad spending in the Magazine Advertising market in Australia & Oceania is forecasted to reach US$214.40m in 2024.
The ad spending is anticipated to demonstrate an annual growth rate (CAGR 2024-2030) of -4.21%, leading to a projected market volume of US$165.70m by 2030.
With a projected market volume of US$4.58bn in 2024, the majority of revenue will be generated the United States.
It is estimated that the number of readers in the Magazine Advertising market in Australia & Oceania will reach 0.0users by 2030.
The average ad spending per reader in the Magazine Advertising market is projected to be US$29.86 in 2024.
Magazine advertising in Australia is experiencing a resurgence, with brands leveraging print media for targeted and high-engagement marketing campaigns.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Magazine Advertising market in Australia & Oceania has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences in Australia & Oceania have played a key role in the growth of the Magazine Advertising market. Consumers in this region have shown a strong affinity for print media, including magazines. The tactile experience of flipping through the pages and the ability to engage with content in a physical format are highly valued by customers. Additionally, magazines offer a targeted and niche audience, allowing advertisers to reach specific demographics effectively. Trends in the market have also contributed to the growth of Magazine Advertising in Australia & Oceania. Advertisers are increasingly recognizing the value of print media as part of their overall marketing strategy. While digital advertising has gained traction in recent years, magazines offer a unique opportunity to reach consumers in a more targeted and immersive way. Advertisers are leveraging the power of storytelling and visually appealing content in magazines to create impactful and memorable campaigns. Local special circumstances have further supported the development of the Magazine Advertising market in Australia & Oceania. The region has a vibrant and diverse publishing industry, with a wide range of magazines catering to various interests and demographics. This provides advertisers with a plethora of options to choose from and allows them to align their campaigns with specific target audiences. Additionally, the region's strong economy and stable political environment have created a conducive business environment for advertisers to invest in Magazine Advertising. Underlying macroeconomic factors have also played a role in the growth of the Magazine Advertising market in Australia & Oceania. The region has experienced steady economic growth and rising disposable incomes, which have contributed to increased consumer spending. As a result, advertisers are willing to invest in magazine advertising to capture the attention of consumers and drive sales. Furthermore, the region's strong tourism industry has attracted international brands, who see magazine advertising as an effective way to reach both local and international tourists. In conclusion, the Magazine Advertising market in Australia & Oceania has experienced significant growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The region's affinity for print media, the value of magazines as a targeted advertising platform, the diverse publishing industry, and the favorable macroeconomic environment have all contributed to the development of this market.

Data coverage:

Data encompasses enterprises (B2B). Figures are based on magazine advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers advertising in physical magazine editions.

Modeling approach:

Market size is determined by a combined top-down and bottom-up approach. We use industry association reports, third-party reports, and survey results from our primary research (e.g., Consumer Insights Global Survey) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, population, urban population, and education index.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the market. For instance, the S-curve function is well suited to forecast digital products due to the non-linear growth of technology adoption, whereas exponential trend smoothing (ETS) is more suited for projecting steady growth in traditional advertising markets.

Additional notes:

Data is modeled using current exchange rates. The impacts of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice per year in case market dynamics change.