Magazine Advertising - EU-27

  • EU-27
  • Ad spending in the Magazine Advertising market in EU-27 is forecasted to reach US$2.10bn in 2024.
  • The ad spending is anticipated to demonstrate an annual growth rate (CAGR 2024-2029) of -5.41%, leading to a projected market volume of US$1.59bn by 2029.
  • With a projected market volume of US$4,580.00m in 2024, the majority of revenue is expected to be generated the United States within the Magazine Advertising market.
  • By 2029, the number of readers in the Magazine Advertising market in EU-27 is expected to reach 78.5m users.
  • The average ad spending per reader in the Magazine Advertising market is projected to be US$20.40 in 2024.
  • Magazine Advertising in the EU-27 is experiencing a shift towards digital platforms, reflecting changing consumer preferences and technological advancements.

Key regions: Australia, China, India, Asia, United Kingdom

 
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Analyst Opinion

The Magazine Advertising market in EU-27 has been experiencing significant growth in recent years, driven by changing customer preferences and the increasing importance of digital advertising.

Customer preferences:
Customers in the EU-27 have shown a growing preference for digital media consumption, which has led to a shift in advertising spending from traditional print magazines to online platforms. This is due to the convenience and accessibility of digital media, as well as the ability to target specific audiences more effectively. Additionally, customers are increasingly seeking personalized and interactive content, which can be better delivered through digital advertising formats.

Trends in the market:
One of the key trends in the Magazine Advertising market in EU-27 is the rise of programmatic advertising. Programmatic advertising allows advertisers to automate the buying and selling of ad space, enabling more efficient and targeted campaigns. This trend is driven by the availability of data and advanced analytics, which allow advertisers to better understand their target audience and deliver more relevant and personalized ads. Another trend in the market is the increasing use of native advertising. Native advertising is a form of advertising that seamlessly blends with the content of the magazine, providing a more engaging and less intrusive advertising experience for customers. This trend is driven by the desire to create a more immersive and interactive advertising experience, which can lead to higher engagement and conversion rates.

Local special circumstances:
While the overall trend in the Magazine Advertising market in EU-27 is towards digital advertising, there are still local special circumstances that influence the market dynamics in each country. For example, in countries with a strong print media culture, such as Germany and France, traditional print magazines still hold a significant share of the advertising market. This is due to the continued popularity of print media among certain demographics and the presence of well-established magazine brands.

Underlying macroeconomic factors:
The growth of the Magazine Advertising market in EU-27 is also influenced by underlying macroeconomic factors. For example, the overall economic growth in the region has led to increased consumer spending, which in turn drives advertising budgets. Additionally, the increasing penetration of internet and mobile devices in the region has created new opportunities for digital advertising, as more customers have access to online content. In conclusion, the Magazine Advertising market in EU-27 is experiencing growth due to changing customer preferences, the rise of digital advertising, and underlying macroeconomic factors. While the overall trend is towards digital advertising, there are still local special circumstances that influence the market dynamics in each country. Overall, the market is expected to continue evolving as technology advances and customer preferences continue to change.

Methodology

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.

Overview

  • Ad Spending
  • Analyst Opinion
  • Reach
  • Global Comparison
  • Methodology
  • Key Market Indicators
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