Press release
Manga Market Detailed Strategies, Competitive Landscaping and Developments
Manga Market Trends
As per the report, the manga market size has grown rapidly in recent years. It will grow from $12.04 billion in 2023 to $14.14 billion in 2024 at a compound annual growth rate (CAGR) of 17.4%. The manga market size is expected to see rapid growth in the next few years. It will grow to $26.08 billion in 2028 at a compound annual growth rate (CAGR) of 16.5%.
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Surging Demand For Digital Books Drives Growth In The Manga Market
Rising demand for digital books is expected to propel the growth of the manga market going forward. Digital books refer to e-books that are available digitally through various platforms. Manga, graphical comic books are using digital platforms and are publishing e-books that provide easier learning through various graphical content that enables multi-modal thinking for the readers, as a result, digital books help manga publishers to get easier access to the content to their customers and thereby increase their demand. For instance, in January 2023, according to the Digital Book Circulation Data and Highlights Report 2022 published by OverDrive, Inc., a US-based eBooks digital distributor, readers borrowed 555 million ebooks, audiobooks, digital magazines, comics, and other digital content in 2022, a 10% increase over 2021. Therefore, the rising demand for digital books drives the manga market.
AI-Generated Manga Revolutionizing The Manga Market
AI-generated manga is a key trend gaining popularity in the manga market. Authors in the manga sector are depending on AI to reduce production time and improve the readers' experience. For instance, in March 2023, Rootport, a Japan-based manga author, released the AI version of Cyberpunk: Peach John, which includes AI-developed images created using Midjourney, an AI-based online image generator. This AI tool has decreased the completion time. An artificial intelligence (AI) tool enabled the automatic creation of a full-color manga from scratch. The tool allows creators to input keywords and a basic plotline to generate a complete manga.
The manga market covered in this report is segmented -
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)
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Major companies operating in the manga market report are Shogakukan Inc., Bilibili Comics Pte. Ltd., Square Enix Holdings Co Ltd., Kadokawa Corporation, Kodansha Ltd, Shueisha Inc., Ohzora Publishing Co Ltd., DMG Entertainment, IDW Media Holdings Inc., Takeshobo Co Ltd., Akita Publishing Co Ltd., Yen Press LLC, VIZ Inc., Archie Comic Publications Inc., Houbunsha Co Ltd., Media Factory Inc., Tokyopop LLC, Lezhin Comics, Mag Garden Corporation, Hakusensha Inc., Good Smile Company Inc., Futubasha Publishers Ltd., Digital Manga Inc., Seven Seas Entertainment Inc., Hitotsubashi Group, Nihon Bungeisha Co Ltd., Gangan Comics, Ichijinsha Inc., Sun Comics, Nippan IPS Co Ltd., G-mode Co Ltd.
Contents of the report:
1. Executive Summary
2. Manga Market Report Structure
3. Manga Market Trends And Strategies
4. Manga Market - Macro Economic Scenario
5. Manga Market Size And Growth
…..
27. Manga Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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