Market
Overview
Manga comics Market
is projected to reach a value of USD 13,114 million by the end of 2023 with a
CAGR 16.4% during the forecast period.
The market is
experiencing several key trends that are reshaping the industry and influencing
the way readers consume and interact with manga.
Digital Dominance: One of
the most significant trends in the manga comics market is the growing dominance
of digital formats. With the rise of digital platforms and mobile apps, readers
can access a vast library of manga from their devices. Many publishers offer
simultaneous digital releases with print, attracting a global audience. This
trend not only enhances accessibility but also allows for interactive features
like zooming, guided reading, and online communities.
Localization And Globalization: Manga's popularity has surged globally, leading to increased
efforts in localization and globalization. Manga is being translated into
multiple languages, making it accessible to a broader international audience.
Collaborations between Japanese and non-Japanese artists are also creating
hybrid manga that appeals to a global readership.
Diverse Genre And Demographic Expansion: While traditional genres like shonen and shojo continue to thrive,
there's a growing emphasis on diverse genres and demographics. Seinen and josei
manga are gaining popularity with adult readers, and niche genres such as
isekai (alternate world) and webtoons are flourishing. This diversification
caters to a wide range of tastes and preferences.
Streaming And Anime Adaptations: Many manga series are now being adapted into anime, contributing
to the market's growth. The success of streaming platforms has made
manga-to-anime adaptations more accessible, providing creators with new revenue
streams and opportunities to reach a broader audience. This synergy between
manga and anime is driving increased interest in both mediums.
Webtoons And Mobile Apps: The
rise of webtoons, which are digital comics optimized for mobile devices, is
another notable trend. Webtoons are often free to read and monetized through
ads or microtransactions. The format's vertical scrolling and full-color
artwork make it appealing to a younger, digitally savvy audience.
Crowdsourced Content: Crowdsourced
content platforms are gaining prominence in the manga industry. These platforms
allow amateur artists and writers to publish their work, which can then be
picked up by traditional publishers if it gains popularity. This trend
encourages creativity and diversity within the manga comics market.
Sustainability And Environmental Awareness: As concerns about the environment grow, there is a push for more
sustainable publishing practices. Some manga publishers are exploring
eco-friendly printing options and reducing plastic packaging in response to the
demand for greener choices.
In summary, the manga comics market is evolving with the digital shift, increasing international appeal, and diversification of genres and demographics. As the industry continues to adapt to changing consumer preferences and technological advancements, these trends are likely to shape the future of manga.
Market Scope
Report Attributes |
Description |
Market Size in 2022 (Value) |
USD 11,587 Million |
Market Forecast in 2033 (Value) |
USD 60,170 Million |
CAGR % 2023-2033 |
16.4% |
Base Year |
2022 |
Historic Data |
2016-2022 |
Forecast Period |
2023-2033 |
Report USP |
Consumption,
company share, company heatmap, company production capacity, growth factors
and more |
Growth Drivers |
The transition to digital
formats has significantly expanded the reach of manga comics. The success of streaming platforms has created a symbiotic relationship between manga and anime The rise of webtoons, which are digital comics optimized for mobile devices, has attracted a younger, digitally savvy audience |
Segments Covered |
Genre,
demographics, format and sales channel |
Regional Scope |
North America, Europe, APAC,
South America and Middle East and Africa |
Country Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies |
Shueisha (Japan), Shogakukan
(Japan), Kodansha (Japan), Kadokawa Corporation (Japan), Hakusensha (Japan),
Square Enix (Japan), Viz Media (United States), Yen Press (United States),
Kodansha USA (United States), Seven Seas Entertainment (United States),
Vertical, Inc. (United States), Fanfare/Ponent Mon (United States), Dark
Horse Manga (United States) |
Market Dynamics
The manga comics market has witnessed a significant boost in recent years, driven in part by the rise of webtoons, a digital comic format optimized for mobile devices. This trend has emerged as a key driver, particularly in attracting a younger and digitally savvy audience.
Source: We Market Research
Webtoons offer
several distinct advantages that have resonated with readers. They are tailored
to the mobile screen, providing a user-friendly and immersive reading
experience on smartphones and tablets. With the convenience of vertical
scrolling, readers can seamlessly navigate through episodes, making it easy to
pick up and enjoy manga on the go.
The format is
highly interactive and reader-engaging. Webtoon platforms often include
features for comments, likes, and shares, enabling a sense of community and
interaction among readers. This level of engagement has proven especially
appealing to younger generations accustomed to social media and interactive
digital content.
Webtoons are
typically presented in full color, adding an extra layer of visual appeal that
sets them apart from traditional black-and-white manga. This feature aligns
with the preferences of modern readers who appreciate vibrant and visually
captivating storytelling.
Additionally,
webtoons have introduced diverse stories and genres that resonate with a global
audience. While still predominantly originating in South Korea, webtoons often
feature universal themes and relatable characters that transcend cultural
boundaries. The availability of translations and global platforms has
facilitated their international popularity.
The success of
webtoons has not only expanded the manga comics market but has also encouraged
traditional manga publishers to adopt digital strategies and platforms to cater
to the changing reading habits of a younger, tech-savvy audience. This
adaptation and innovation in response to evolving reader preferences have
played a crucial role in shaping the future of the manga industry.
Market Analysis By Genre
Based on genre,
the manga comics market is segmented into Shonen (Targeted at young boys),
Shojo (Targeted at young girls), Seinen (Targeted at adult men), Josei
(Targeted at adult women), Kodomo (Targeted at children), Isekai (Transported
to another world), Mecha (Featuring robots or mechanical suits), Fantasy,
Romance, Horror, Action, Adventure, Slice of Life, Mystery, Science Fiction,
Supernatural.
Shonen based
manga comics dominated the market with an active share of 35.1% in 2022. Shonen
manga, a genre targeted primarily at young male readers, has been a dominant
and dynamic force in the manga comics industry. Several key trends have emerged
in the world of Shonen manga that continue to shape the market and captivate
readers:
Diverse
Storytelling: Shonen manga has expanded its horizons beyond traditional action
and adventure themes. While these themes remain popular, diverse storytelling
is now a key trend. This includes incorporating romance, slice-of-life, and
other genres, making Shonen manga appealing to a broader audience, thereby
expanding the growth of manga comics market.
Complex
Characters: Shonen manga characters have evolved from one-dimensional heroes
and villains into more complex and nuanced personalities. Readers appreciate
characters with depth, internal conflicts, and personal growth, which has
become a hallmark of many Shonen manga series.
Strong Female
Characters: The inclusion of strong, well-developed female characters is a
significant trend. Female characters in Shonen manga are not limited to
traditional roles but take on active and influential positions, contributing to
more inclusive and diverse storytelling.
Moral and
Ethical Dilemmas: Shonen manga often explores moral and ethical dilemmas,
encouraging readers to reflect on complex issues. This intellectual engagement
resonates with audiences and elevates the storytelling to a more
thought-provoking level.
World-Building:
Elaborate world-building has become a prominent trend, allowing Shonen manga to
create immersive and detailed settings. This enriches the reading experience by
providing readers with expansive and captivating fictional worlds to explore.
Digital
Adaptation: Shonen manga has embraced digital platforms and online
serialization, making it more accessible to a global audience. This digital transformation
has increased the reach and popularity of Shonen manga comics market worldwide.
Adaptations and
Multimedia: Shonen manga series are frequently adapted into anime, video games,
and other multimedia formats. This trend not only boosts the popularity of the
original manga but also provides fans with various ways to engage with their
favorite stories.
Global Appeal:
Many Shonen manga series now have a global appeal, with translations and
international distribution. The genre's universal themes, relatable characters,
and captivating storytelling have contributed to its success beyond Japan's
borders.
These key trends
reflect the evolution and enduring popularity of Shonen manga, ensuring its
continued relevance and influence in the manga comics market.
Market Analysis By Demographics
Based on demographics, the manga comics market is segmented into Children (Aged 12 and under), Teens (Aged 13-19), Young Adults (Aged 20-40), and Adults (Aged 41 and above). Young Adults (Aged 20-40) accounts for the major shareholder in the market with a value of 40.20% in 2022. The market for young adults has been shaped by several key trends that resonate with this demographic and continue to drive the industry:
Diverse
Genres: The manga market for young adults offers a wide array of genres beyond
traditional categories. While romance, fantasy, and slice-of-life genres remain
popular, unique and niche genres like isekai (parallel world), supernatural,
and psychological thriller have gained traction. This diversity allows young
adult readers to find manga that aligns with their specific interests.
Emphasis
on Realism: Many manga titles targeted at young adults explore realistic and
relatable themes. These manga delve into the complexities of everyday life,
relationships, and personal growth. They often depict the challenges and joys
of transitioning from adolescence to adulthood, making them highly relatable to
the target audience.
Strong
Female Protagonists: Manga for young adults frequently features strong,
multifaceted female protagonists who take center stage. These characters
challenge stereotypes and offer readers empowering role models. Manga series
like "Nana" and "Paradise Kiss" exemplify the trend of
well-developed female characters leading the narrative.
Online
Serialization: Young adults are more likely to consume manga digitally, and
many manga titles are serialized online. Platforms like Webtoon have gained
immense popularity by offering a diverse selection of webcomics optimized for
mobile devices. This digital-first approach has made manga more accessible to a
global audience, thus propelling the growth of manga comics market.
Artistic
Innovation: There is a growing trend of artistic experimentation in manga for
young adults. Creators often push the boundaries of traditional manga art
styles and formats, resulting in visually stunning and unique storytelling.
This innovation appeals to a visually discerning audience.
Mature
Themes and Storytelling: Young adult manga explores mature themes, including
mental health, identity, sexuality, and societal issues. The genre doesn't shy
away from tackling complex subjects, providing readers with thought-provoking
narratives that encourage self-reflection.
Strong
LGBTQ+ Representation: The manga industry has been making strides in LGBTQ+
representation. Manga for young adults includes stories with LGBTQ+ characters
and themes that resonate with diverse readers. These stories contribute to a
more inclusive and accepting manga culture.
Market Analysis By Region
Manga comics market is studied majorly across North America, Europe, Asia Pacific, South America and MEA. Asia Pacific solely dominates the market with an active share of 75.16% in 2022. The Asia Pacific region has emerged as a powerhouse driving the manga comics market, with several key drivers fueling its growth and dominance in the industry:
Cultural
Proximity: Asia Pacific countries, especially Japan, South Korea, and China,
have a deep cultural connection to manga and have historically been avid
consumers of these comics. This cultural proximity creates a strong foundation
for the manga comics market in the region.
Diverse
Manga Ecosystem: The region boasts a diverse ecosystem of manga, including
original Japanese manga, South Korean manhwa, and Chinese manhua. This
diversity caters to a wide range of tastes and preferences, ensuring there's
something for everyone.
Manga
Adaptations: Asian countries have been quick to adapt manga into other media,
including anime, live-action dramas, and films. This multimedia approach not
only widens the audience but also boosts the popularity of the original manga
comics market.
Strong
Publishing Industry: The publishing industry in Asia Pacific countries has been
pivotal in promoting manga. Manga magazines, both physical and digital, are
widely available, contributing to the continuous discovery of new titles by
readers.
Digital
Innovation: The manga industry in Asia Pacific has effectively embraced digital
distribution. Readers can access manga through various platforms and apps, with
many titles optimized for mobile devices. This digital approach has further
increased accessibility.
Global
Influence: Asian manga creators and publishers have significantly influenced
the global comics industry. Titles like "Naruto," "One Piece,"
and "Attack on Titan" have gained immense international popularity,
drawing global readers to the manga market.
Expanding
Global Markets: Asian manga publishers have actively expanded their markets,
with translated versions of manga available worldwide. This international reach
has led to a surge in global demand for manga comics market from Asia Pacific.
Local
Creators and Webtoons: Alongside Japanese manga, South Korean webtoons and
Chinese manhua have made a substantial impact. These digital comics,
particularly webtoons, have gained popularity for their easy accessibility and
innovative storytelling.
Cultural
Export: The appeal of manga extends beyond Asia Pacific, as the themes and art
styles often resonate with global audiences. Asian culture, aesthetics, and
traditions depicted in manga are appreciated by readers from diverse
backgrounds.
Government
Support: Some governments in Asia Pacific, like Japan and South Korea, actively
support the manga and animation industries through grants, cultural events, and
initiatives that encourage creativity and innovation.
In
summary, the Asia Pacific region's dominance in the manga comics market can be
attributed to its rich cultural ties, diverse content, innovation in digital
distribution, and a proactive approach to expand its reach on the global stage.
These drivers ensure that the region continues to lead the manga market's
growth and influence both regionally and internationally.
Competitive Analysis
Some of
the major companies operating within the manga comics market are
Shueisha (Japan), Shogakukan (Japan), Kodansha (Japan), Kadokawa
Corporation (Japan), Hakusensha (Japan), Square Enix (Japan), Viz
Media (United States), Yen Press (United States), Kodansha
USA (United States), Seven Seas Entertainment (United States), Vertical,
Inc. (United States), Fanfare/Ponent Mon (United States), Dark Horse
Manga (United States).
Top 3 Companies Operating Within The Market Are Shown Below:
Source: We Market Research
Market Segments
By Genre
·
Shonen (Targeted at young boys)
·
Shojo (Targeted at young girls)
·
Seinen (Targeted at adult men)
·
Josei (Targeted at adult women)
·
Kodomo (Targeted at children)
·
Isekai (Transported to another world)
·
Mecha (Featuring robots or mechanical
suits)
·
Fantasy
·
Romance
·
Horror
·
Action
·
Adventure
·
Slice of Life
·
Mystery
·
Science Fiction
· Supernatural
By Demographics
·
Children (Aged 12 and under)
·
Teens (Aged 13-19)
·
Young Adults (Aged 20-40)
· Adults (Aged 41 and above)
By Format
·
Print (Physical manga volumes and
magazines)
·
Digital (Manga available in digital
format for e-readers and mobile devices)
· Webtoons (Manga-style comics published online)
By Sales Channel
·
Comic Book Stores
·
Online Retailers
·
Libraries
·
Mobile Apps and Websites
·
Subscription Services
1.      Global Manga Comics Market Introduction and Market Overview
1.1.  Â
Objectives of the Study
1.2.  Â
Global Manga Comics Market
Scope and Market Estimation
1.2.1.Global Manga
Comics Overall Market Size, Revenue (US$ Mn) and Volume (Units), Market CAGR
(%), Market forecast (2023 - 2033)
1.2.2.Global Manga
Comics Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033
1.3.  Â
Market Segmentation
1.3.1.Genre of
Global Manga Comics Market
1.3.2.Demographics
of Global Manga Comics Market
1.3.3.Format of
Global Manga Comics Market
1.3.4.Sales
Channel of Global Manga Comics Market
1.3.5.Region
of Global Manga Comics Market
2.      Executive Summary
3.      Market Factor Analysis
3.1.  Â
Global Manga Comics Market Industry
Trends under COVID-19 Outbreak
3.1.1.Global
COVID-19 Status Overview
3.1.2.Influence
of COVID-19 Outbreak on Global Manga Comics Market Industry Development
3.2.  Market Dynamics, By Region
3.2.1.Drivers
3.2.2.Limitations
3.2.3.Opportunities
3.2.4.Impact
Analysis of Drivers and Restraints
3.3.  Ecosystem Analysis
3.3.1.Manufacturers
/ Vendors
3.3.2.Distributors
3.3.3.Buyers /
End-users
3.3.4.Forward
Integration & Backward Integration of Key Stakeholders
3.4.  Global Manga Comics Market
- Pricing Trends Analysis & Average Selling Prices (ASPs)
3.5.  Technology Roadmap &
Key Innovations /Developments
3.6.  Porter’s Five Forces
Analysis
3.6.1.Bargaining
Power of Suppliers
3.6.2.Bargaining
Power of Buyers
3.6.3.Threat
of Substitutes
3.6.4.Threat
of New Entrants
3.6.5.Competitive
Rivalry
3.7.  PEST Analysis
3.7.1.Political
Factors
3.7.2.Economic
Factors
3.7.3.Social
Factors
3.7.4.Technological
Factors
3.8.  ANSOFF Matrix
3.8.1.Market Penetration
Strategy
3.8.2.Product Type
Development Strategy
3.8.3.Market
Development Strategy
3.8.4.Diversification
Strategy
3.9.  Manga Comics Production Capacity,
by Major Countries
3.10. Russia-Ukraine War Impacts
Analysis
3.11. Economic Downturn Analysis
3.12. Energy Crisis Analysis
3.13. Market Investment
Opportunity Analysis (Top Investment Pockets), By Segments & By Regions
4.      Global Manga Comics Market
Estimates & Forecast Trend Analysis, by Genre
4.1.  Â
Global Manga Comics Market
Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Genre, 2019 to
2033
4.1.1.Shonen
(Targeted at young boys)
4.1.2.Shojo
(Targeted at young girls)
4.1.3.Seinen
(Targeted at adult men)
4.1.4.Josei
(Targeted at adult women)
4.1.5.Kodomo
(Targeted at children)
4.1.6.Isekai
(Transported to another world)
4.1.7.Mecha
(Featuring robots or mechanical suits)
4.1.8.Fantasy
4.1.9.Romance
4.1.10.  Â
Horror
4.1.11.  Â
Action
4.1.12.  Â
Adventure
4.1.13.  Â
Slice of Life
4.1.14.  Â
Mystery
4.1.15.  Â
Science Fiction
4.1.16.  Â
Supernatural
5.      Global Manga Comics Market
Estimates & Forecast Trend Analysis, by Demographics
5.1.  Â
Global Manga Comics Market
Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Demographics, 2019 to 2033
5.1.1.Children
(Aged 12 and under)
5.1.2.Teens
(Aged 13-19)
5.1.3.Young
Adults (Aged 20-40)
5.1.4.Adults
(Aged 41 and above)
6.      Global Manga Comics Market
Estimates & Forecast Trend Analysis, by Format
6.1.  Â
Global Manga Comics Market
Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Format, 2019 to 2033
6.1.1.Print
(Physical manga volumes and magazines)
6.1.2.Digital
(Manga available in digital format for e-readers and mobile devices)
6.1.3.Webtoons
(Manga-style comics published online)
7.      Global Manga Comics Market
Estimates & Forecast Trend Analysis, by Sales
Channel
7.1.  Â
Global Manga Comics Market
Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Sales Channel, 2019
to 2033
7.1.1.Comic
Book Stores
7.1.2.Online
Retailers
7.1.3.Libraries
7.1.4.Mobile
Apps and Websites
7.1.5.Subscription
Services
8.      Global Manga Comics Market
Estimates & Forecast Trend Analysis, by Region
8.1.  Â
Global Manga Comics Market Revenue
(US$ Mn) and Volume (Units) Estimates and Forecasts, by Region, 2019 to 2033
8.1.1.North
America
8.1.2.Europe
8.1.3.Asia
Pacific
8.1.4.Middle East & Africa
8.1.5.South
America
9.      North America Manga Comics Market:
Estimates & Forecast Trend Analysis
9.1.   North America Manga Comics Market Assessments & Key Findings
9.1.1.Manga
Comics Market Introduction
9.1.2.Manga
Comics Market Size Estimates and Forecast (US$ Million & Units) (2019 to
2033)
9.1.2.1. Â
By Genre
9.1.2.2. Â
By Demographics
9.1.2.3. Â
By Format
9.1.2.4. Â
By Sales Channel
9.1.2.5. Â
By Country
9.1.2.5.1.   Â
The U.S.
9.1.2.5.2.   Â
Canada
9.1.2.5.3.   Â
Mexico
10.  Europe Manga Comics Market:
Estimates & Forecast Trend Analysis
10.1. Europe Manga Comics Market Assessments & Key Findings
10.1.1. Â
Manga Comics Market
Introduction
10.1.2. Â
Manga Comics Market Size Estimates
and Forecast (US$ Million & Units) (2019 to 2033)
10.1.2.1.  Â
By Genre
10.1.2.2.  Â
By Demographics
10.1.2.3.  Â
By Format
10.1.2.4.  Â
By Sales Channel
10.1.2.5.  Â
By Country
10.1.2.5.1. Germany
10.1.2.5.2. U.K.
10.1.2.5.3. France
10.1.2.5.4. Italy
10.1.2.5.5. Spain
10.1.2.5.6. Russia
10.1.2.5.7. Rest of Europe
11.  Asia Pacific Manga Comics Market:
Estimates & Forecast Trend Analysis
11.1. Asia Pacific Market Assessments & Key Findings
11.1.1.  Â
Manga Comics Market
Introduction
11.1.2.  Â
Manga Comics Market Size and
Volume Estimates and Forecast (US$ Million & Units) (2019 to 2033)
11.1.2.1.  Â
By Genre
11.1.2.2.  Â
By Demographics
11.1.2.3.  Â
By Format
11.1.2.4.  Â
By Sales Channel
11.1.2.5.  Â
By Country
11.1.2.5.1. China
11.1.2.5.2. Japan
11.1.2.5.3. India
11.1.2.5.4. Australia
11.1.2.5.5. South Korea
11.1.2.5.6. ASEAN
11.1.2.5.7. Rest of Asia Pacific
12.  Middle East & Africa Manga Comics Market: Estimates & Forecast Trend Analysis
12.1. Middle East & Africa Market Assessments & Key Findings
12.1.1. Â
Manga Comics Market
Introduction
12.1.2. Â
Manga Comics Market Size and
Volume Estimates and Forecast (US$ Million & Units) (2019 to 2033)
12.1.2.1.  Â
By Genre
12.1.2.2.  Â
By Demographics
12.1.2.3.  Â
By Format
12.1.2.4.  Â
By Sales Channel
12.1.2.5.  Â
By Country
12.1.2.5.1. U.A.E.
12.1.2.5.2. Saudi Arabia
12.1.2.5.3. Egypt
12.1.2.5.4. South Africa
12.1.2.5.5. Rest of Middle East & Africa
13.  South America Manga Comics Market:
Estimates & Forecast Trend Analysis
13.1. South America Market Assessments & Key Findings
13.1.1. Â
Manga Comics Market
Introduction
13.1.2. Â
Manga Comics Market Size and
Volume Estimates and Forecast (US$ Million & Units) (2019 to 2033)
13.1.2.1.  Â
By Genre
13.1.2.2.  Â
By Demographics
13.1.2.3.  Â
By Format
13.1.2.4.  Â
By Sales Channel
13.1.2.5.  Â
By Country
13.1.2.5.1. Brazil
13.1.2.5.2. Argentina
13.1.2.5.3. Colombia
13.1.2.5.4. Rest of South America
14. Â
Competition Landscape
14.1. Manga Comics Market Competition Matrix & Benchmarking, by
Leading Players / Innovators / Emerging Players / New Entrants
14.2. Manga Comics Market Competition White Space Analysis, By Distribution
Channel / End-use
14.3. Manga Comics Market Competition Regional Intensity Map Analysis, By
Geographies Served
14.4. Manga Comics Market Concentration & Company Market Shares (%)
Analysis, 2022
15. Â
Company Profiles
15.1.  Shueisha (Japan)
15.1.1.  Â
Company Overview & Key
Stats
15.1.2.  Â
Financial Performance &
KPIs
15.1.3.  Â
Product Portfolio
15.1.4.  Â
Business Strategy & Recent
Developments
*
Similar details would be provided for all the players mentioned belowÂ
15.2.  Shogakukan (Japan)
15.3.  Kodansha (Japan)
15.4.  Kadokawa Corporation (Japan)
15.5.  Hakusensha (Japan)
15.6.  Square Enix (Japan)
15.7.  Viz Media (United States)
15.8.  Yen Press (United States)
15.9.  Kodansha USA (United States)
15.10.  Seven Seas Entertainment (United
States)
15.11.  Vertical, Inc. (United States)
15.12.  Fanfare/Ponent Mon (United States)
15.13.  Dark Horse Manga (United States)
15.14. Â
Others**
16. Â
Research Methodology
16.1.    Â
External Vehicle
Types / Databases
16.2.    Â
Internal
Proprietary Database
16.3.    Â
Primary
Research
16.4.    Â
Secondary
Research
16.5.    Â
Assumptions
16.6.    Â
Limitations
16.7.    Â
Report
FAQs
17.  Research Findings & Conclusion
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Manga comics market was valued at USD 11,587 million in 2022 and is estimated to grow at a CAGR of 16.4%.
In 2022, around 17.1 million units of manga were sold in the U.S.
Webtoons is the fastest growing format in manga comics market with a CAGR of more than 20.1%.
North America is the second largest and fastest growing region in the manga comics market with a CAGR of 21.15%
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