Book market

Comic Book Market Growth Status, Regional Trend Forecast

According to Precision Business Insights (PBI), the latest report, the comic book market is expected to be valued at USD 9,852.6 million in 2022 and is expected to grow at a significant CAGR of 5.2% over the period 2022-2028. The major drivers for the expansion of the global comic book market include increasing collaboration between different industries and global players, growing initiatives to promote comic books, and increase in Comic-Con events and other events.

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Physical Comics Segment to Dominate the Comics Market:
On the basis of type, the global comics market is segmented into physical comics and digital comics. The physical comics segment is expected to account for a larger revenue share in the global comics market, with value share worldwide. Regardless of the era of electronic gadgets, book readers prefer physical comics and keep them for the rest of their lives. The growing popularity of comic book specialty stores will drive sales of physical comic books. Therefore, the physical comics segment will drive the growth of the global comics market in 2022 and is expected to maintain a positive trend over the forecasted years.

Asia-Pacific Comics Market:
The Asia-Pacific market is expected to rise in the global comic book market over the forecast period. The Asia-Pacific market is booming due to the high adoption rate of comics, the growing popularity of cartoons, and the increase in sales of comics on e-commerce platforms. Major global players like Akita Publishing, ASCII Media Works, and Futabasha Publishers are driving the market growth in Japan. North America held a considerable market share during the estimated period owing to the presence of numerous comic book stores, high consumption rate of comic books, and high household spending on entertainment. Marvel, DC, Dark Horse, and Image Comics are global comic book makers in the United States. Hence, they influence the global comics market.

Strategic new product launches, mergers, acquisitions, and agreements are the major strategies adopted by market players:
The global comics market further reveals that the major players are increasingly adopting strategies such as new product launches, product launches and long-term alliances to enhance the market revenue share and gain a foothold. significant geographical presence in the region. For example, in September 2021, FaZe Clan and DC announced their collaboration. In August 2022, Minecraft star Karl Jacobs teamed up with Dark Horse Comics to launch Time Traveler Tales.

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The comic book market is segmented on the basis of type, distribution channel and geography.
Based on Type, the market is segmented as follows:
• Physical comic
• Digital comic

Based on distribution channel, the market is segmented as follows:
• Bookstores
• Comic Book Stores
• Online stores
• Others

Based on geography, the market is segmented as follows:
• North America
• Europe
• Asia-Pacific
• Latin America

Application Methodology:

The profiles of the major players in the Comics Market report are Marvel Comics, DC Comics, Inc., Dark Horse Comics, IDW Publishing, Valiant Comics, Image Comics, Akita Publishing, ASCII Media Works, Black Hearted Press, Dan Dare Corporation, Fantagraphics, and Futabasha Publishers.

Mr Satya
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This press release was published on openPR.