Market Size of Comic Book Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 17.11 Billion |
Market Size (2029) | USD 22.23 Billion |
CAGR (2024 - 2029) | 5.37 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Comic Book Market Analysis
The Comic Book Market size is estimated at USD 17.11 billion in 2024, and is expected to reach USD 22.23 billion by 2029, growing at a CAGR of 5.37% during the forecast period (2024-2029).
The increasing production of comics with fascinating stories and attractive illustrations to help illustrate the content is driving the popularity of comics globally. These books enable readers to enhance their vocabulary and creativity and create a strong value system through a positive memo. These books are available in various genres, such as fantasy, romance, and science.
- The widespread availability and rising popularity of e-comic books are transforming the publishing industry. In contrast, the nature and scope of e- comic books change differ significantly from company to company and genre to genre.
- Further, With interactive e-books, and animated e-books, e-publishing businesses have enabled many publishers and authors to get their works to market faster and in an advanced way. The growing number of devices capable of providing digital media and the increasing internet penetration has allowed consumers to access the media content of their choice, in terms of information, entertainment, or social activity, anywhere.
- In 2022, the total electronic and print manga sales figure was around JPY 677 billion (USD 5.05 billion), per National Publishing Association and Publishing Science Institute statistics. The market's development is further driven by the launch of different new titles, in line with the volatile demand from the audience. For instance, in 2022, Yen Press introduced 4 titles, including Josee, Heroine No More; Gahi-chan!; and Unnamed Memory, the Tiger, and the Fish.
- People are plagued with artificial intelligence (AI), and businesses are developing an AI image generator that operates by reacting to text prompts from the user to print comics. This new art-making AI has opened novel standards for generating previously unimaginable content and hastening the production of distinctive comics. This new development will increase the demand for comics globally in the coming years.
- For instance, in June 2022, Living the Line Books announced the first AI-illustrated comic book, Abolition of the Man, in partnership with MidJourney AI, an AI image-generation system. The comics will be exclusively obtainable from Diamond Comic Distributors.
- The increasing preference for audiobooks among readers is hampering the market growth. Audiobooks have accumulated considerable popularity in the last few years, and the lockdown has only raised the demand for these books among individuals. The ease of accessibility to various comics for physically disabled and non-English speaking groups is increasing the demand for audiobooks.
- However, this factor is restraining the growth of the market. Also, stiff competition from the unorganized market players with competitive pricing may impact the key firm's product revenues and hamper the market growth. Therefore, the higher cost of comics and the availability of alternate mediums are substantial factors limiting the industry's development.
Comic Book Industry Segmentation
A comic book, also called a comic book or comic magazine simply comic, is a publication that consists of comic art in sequential juxtaposed panels representing individual scenes. Panels are often accompanied by descriptive prose and written narrative, usually dialogue in word balloons emblematic of the comics art form.
The global comic book market is segmented by type (digital and non-digital) and geography (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America).
The market sizes and forecasts are provided in terms of value (USD) for all the above segments.c
By Type | |
Digital | |
Non-Digital |
By Geography*** | |
North America | |
Europe | |
Asia | |
Australia and New Zealand | |
Latin America | |
Middle East and Africa |
Comic Book Market Size Summary
The comic book market is experiencing a dynamic transformation, driven by the increasing production of comics featuring captivating stories and illustrations. This growth is further fueled by the rising popularity of digital comics, which are reshaping the publishing landscape. The availability of interactive and animated e-books has enabled faster and more advanced market entry for publishers and authors. The proliferation of devices capable of delivering digital media, coupled with increased internet penetration, allows consumers to access a wide range of media content anytime and anywhere. However, the market faces challenges from the growing preference for audiobooks and competition from unorganized market players offering competitive pricing, which may impact the revenues of key firms.
North America is anticipated to hold a significant share of the global comic book market, supported by a robust presence of comic book stores and a strong fan base for major franchises like DC Comics and Marvel Comics. The market is moderately consolidated, with major players such as Marvel Entertainment, Dark Horse Media, Image Comics, and DC Entertainment investing in strategic partnerships and product developments to expand their market presence. Recent collaborations and product launches, including digital comic series and partnerships with major brands, highlight the industry's efforts to capture new audiences and adapt to evolving consumer preferences. Despite challenges, the market continues to grow, driven by innovation and strategic collaborations.
Comic Book Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Buyers
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1.2.2 Bargaining Power of Suppliers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Assessment of the Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Digital
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2.1.2 Non-Digital
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2.2 By Geography***
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2.2.1 North America
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2.2.2 Europe
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2.2.3 Asia
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2.2.4 Australia and New Zealand
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2.2.5 Latin America
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2.2.6 Middle East and Africa
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Comic Book Market Size FAQs
How big is the Comic Book Market?
The Comic Book Market size is expected to reach USD 17.11 billion in 2024 and grow at a CAGR of 5.37% to reach USD 22.23 billion by 2029.
What is the current Comic Book Market size?
In 2024, the Comic Book Market size is expected to reach USD 17.11 billion.