In-Depth 2024 Manga Market Analysis: Growth, Share, and Emerging Trends
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2024-2033 Manga Market Growth Rate: What’s the Forecast?
The expansion of the manga market has been swift and considerable in the past few years. The market is projected to increase from $12.04 billion in 2023 to $14.14 billion in 2024, demonstrating a compound annual growth rate (CAGR) of 17.4%. The growth seen in the past can be linked to factors such as cultural influence and popularity, globalization and cultural exports, anime adaptations, and a variety of genres and themes, along with cross-media collaborations.
In the coming years, the manga market is projected to experience a significant expansion. By 2028, it’s expected to surge to $26.08 billion with a compound annual growth rate (CAGR) of 16.5%. This predicted growth throughout the forecasted timeline can be accredited to the increasing global demand, advancements in format and distribution, focus on diversity and inclusivity, niche and tailored markets, and the impact of social media. Notable trends for the forecast period consists of the transition to digital and online platforms, increasing global appeal, crossing borders with adaptations and expansions, the emergence of new genres and themes, and collaborations and crossover events.
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What Drivers Are Accelerating the Growth of the manga Market?
The increasing consumer interest in digital books is projected to accelerate the growth rate of the manga market. E-books that are digitally accessible through several platforms now incorporate manga, the graphic comic books. Manga publishers have started utilizing these digital platforms to publish e-books that facilitate learning through a variety of graphic content, thereby promoting multi-modal thinking in readers. As a consequence, digital books provide easier ways for manga publishers to deliver content to their customers, subsequently boosting their demand. An example of this trend was seen in January 2023, with the Digital Book Circulation Data and Highlights Report 2022 from OverDrive, Inc., a U.S. digital distributor of eBooks, revealed that readers borrowed around 555 million e-books, audiobooks, digital magazines, comics, and others in 2022, a growth of 10% from the previous year. Thus, the surge in the demand for digital books is fuelling the manga market.
What Key Segments Can Be Identified in the Manga Market?
1) By Content Type: Printed, Digital
2) By Genre: Action And Adventure, Sci-Fi And Fantasy, Sports, Romance And Drama, Other Genre
3) By Distribution Channel: Offline, Online
4) By Audience: Children And Kids (Aged Below 10 Years), Teenagers (Aged Between 10 to 16 Years), Adults (Aged Above 16 years)
What Trends Are On the Rise in the Manga Market?
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What Regions Are Steering Growth in the Manga Sector?
Asia-Pacific was the largest region in the manga market in 2023. The regions covered in the manga market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Manga Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the manga market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Manga Market Include
1. Manga Market Executive Summary
2. Manga Market Segments
3. Manga Market Size And Template Market Growth Rate
4. Key Manga Market Trends
5. Major Manga Market Drivers
……
25. Key Mergers And Acquisitions In The Manga Market
26. Top Manga Companies
27. Manga Market Opportunities And Strategies
28. Manga Market, Conclusions And Recommendations
29. Appendix
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