The global comic book market size was valued at USD 16.05 billion in 2023 and is projected to grow to USD 22.37 billion by 2030, exhibiting a CAGR of 4.85% during the forecast period. In recent years, there has been a steady increase in the market for books with visually appealing content that is illustrated with compelling stories. This element has increased comic book appeal worldwide. Comics provide a positive message while fostering readers' creativity, language, and sense of morality. Numerous genres, including science fiction, noir, romance, and fantasy, are represented in these publications.
Information Source: https://www.fortunebusinessinsights.com/comic-book-market-103903
Top Key Company Covered in the Comic Book Market
- Marvel Entertainment, LLC (U.S.)
- Dark Horse Media, LLC (U.S.)
- Image Comics (U.S.)
- DC Entertainment (U.S.)
- Archie Comics (U.S.)
- IDW Media Holdings, Inc. (U.S.)
- Akita Publishing Co., Ltd. (Japan)
- Futabasha Publishers Ltd. (Japan)
- Rebellion (U.K)
- DMG Entertainment (U.S.)
Segmentation:
Rising Trend of Comic Collection to Boost Demand for Physical Comics
The market is split into two segments based on the type of product: digital comics and hardcopy comics. Since physical comics are tactile, readily available, and reasonably priced, it is anticipated that this market segment will account for the majority of comic book sales. These comics have the added benefit of being very well-liked by comic book collectors, who may purchase them and even resell them for a profit.
Rising Popularity of Comics among Adults to Boost Market Growth
The market is segmented based on the end-user demographic: adults and children. Over the course of the projected period, it is expected that the adults segment would gain a significant market share. Reading manga as a hobby can help adults become much more creative and enhance both their mental and physical well-being. A growing number of people are reading and collecting various unusual and rare comic books and periodicals, which is turning them into collectors of comic books. To turn a profit, they buy a lot of new books and resell them for more money. Adult demand for comics will increase as a result.
Online Platforms to Attract More Customers Due to Their Convenience
The market is divided into book stores, comic book stores, online retailers, and others based on the distribution channel. Over the course of the forecast period, the online distribution channel segment is expected to take a sizable market share.
Because they may save a lot of time and effort, a number of choices, including online shopping and in-store pickup, home delivery, and online shopping, are growing in popularity with customers. Customers' choice for online comic book platforms should increase as a result of these considerations.
Report Coverage:
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. In addition, the report offers valuable inputs about the current market trends and focuses on top industry developments. This report also covers many factors that have contributed to the market’s growth in recent years.
Drivers and Restraints:
Growing Number of Comic Events and Conventions to Aid Market Growth
Comic book conventions, like Comic-Con, have helped to boost comic book sales. For example, according to data released by the San Diego Convention Center in 2021, about 150,000 people visited the New York Comic-Con event, while approximately 111,000 people attended the Japan Comiket event. Such occasions will contribute to the growth of the comic book market share.
The increasing accessibility of alternatives, such audiobooks, could impede the market's growth, though.
Regional Insights:
Asia Pacific to Dominate Due to Expansion of Japanese Anime Industry
Asia Pacific holds the largest share in the market and is expected to dominate the market in the future as well. Japan’s anime industry is expanding at a considerable pace due to the growing domestic and international readership. For example, in 2018, the Japanese anime market experienced a 15.1% growth rate, according to the Association of Japanese Animation. These aspects will enhance the regional market growth.
Competitive Landscape:
Key Companies Enter Strategic Collaborations and Partnerships To Fuel Industry Growth
Some of the top market players are focusing on introducing new superhero characters, helping them attract more customers and boost their product sales. It also helps these companies expand their product portfolios and target new fan bases. For example, in August 2022, Marvel introduced a new hero, Anna Ameyama, with a new infinity comic, T.E.S.T. Kitchen. The comic includes a recipe in every issue. These efforts will help the market grow.
Notable Industry Development:
August 2022: Dark Horse Media extended its partnership with Netflix by continuing to provide a first look of its IP for both films and series. The popularity of comics is rising steadily as Dark Horse comics are being adapted into Netflix series and movies.
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