These aspects will enhance the regional market growth. For example, in 2018, the Japanese anime market experienced a 15.1% growth rate, according to the Association of Japanese Animation. Japan’s anime industry is expanding at a considerable pace due to the growing domestic and international readership. However, the growing availability of substitutes, such as audiobooks might hinder the market progress.Īsia Pacific to Dominate Due to Expansion of Japanese Anime IndustryĪsia Pacific holds the largest share in the market and is expected to dominate the market in the future as well. Events like these will help the comic book market share grow. For instance, data issued by the San Diego Convention Center in 2021 reveals that more than 150,000 attendees attended the New York Comic-Con event, whereas the Japan Comiket event saw around 111,000 attendees. Growing Number of Comic Events and Conventions to Aid Market GrowthĬomic events, such as the Comic-Con have positively influenced the sales of comics. This report also covers many factors that have contributed to the market’s growth in recent years. In addition, the report offers valuable inputs about the current market trends and focuses on top industry developments. The global market research report offers an in-depth analysis of the industry and highlights key areas, such as end-users, key companies, and top product types. This led to a notable rise in the adoption of books, mobile apps, and comics, further enhancing the comic book market growth. According to data published by Live Mint in March 2020, the lockdown and movement restrictions imposed by governments during the COVID-19 pandemic forced individuals to stay indoors. This scenario compelled more people to read books on different online platforms during their leisure time. The COVID-19 outbreak played a key role in significantly increasing online activities among the global population. Rise In The Adoption Of Books, Mobile Apps, And Comics Propelled Market Growth These factors are expected to boost the preference for online comic book platforms among customers. Various options, such as home delivery and online buying, and online buying & store pickup are becoming quite popular among consumers as they can save a lot of time and energy. The online distribution channel segment is set to capture a sizeable market share during the forecast timeframe. Online Platforms to Attract More Customers Due to Their Convenienceīased on distribution channel, the market is segmented into book stores, comic stores, online stores, and others. This will improve the demand for comics among adults. They purchase many copies of new books and sell them at a higher price to make profit. Rising population of adults are turning comic collectors as they read and collect several unique and rare comic magazines and books. Adults with a hobby of reading manga can drastically improve their creativity, helping them boost their mental and physical health. The adults segment is anticipated to capture a major market share during the forecast period. In terms of end-user, the market is divided into kids and adults. Rising Popularity of Comics among Adults to Boost Market Growth Another advantage of these comics is that they are extremely popular among comic book collectors as they can invest in them and even sell them for a profit. The physical comics segment is predicted to dominate the comic book market share due to their tactile experience, easy availability, and affordable prices. Rising Trend of Comic Collection to Boost Demand for Physical Comicsīased on product type, the market is divided into physical comics and digital comics. Rising Popularity of Comic Events to Aid Market GrowthĪdoption of Digital Technology to Fuel Consumption of Comic Contentīrowse Detailed Summary of Research Report with TOC: Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends Report Scope & Segmentation: Report Attributes List of Key Players Profiled in the Comic Book Market Report: These books are published in a wide range of genres, such as fantasy, romance, noir, science, and others.įortune Business Insights™ displays this information in a report titled, "Global Comic Book Market, 2023-2030." Comics help readers improve their creativity, vocabulary, and build a strong value system by delivering a positive message. This factor has boosted the popularity of comic books across the world. The demand for books with attractive graphics and engaging stories to illustrate the content is has risen steadily in recent years. The market is projected to touch USD 22.37 billion by 2030, recording a CAGR of 4.85% during the forecast period of 2023-2030. Pune, India, (GLOBE NEWSWIRE) - The global comic book market size was valued at USD 15.35 billion in 2022 and is expected to reach USD 16.05 billion in 2023.
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