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Manga Comics Market Size - By Genre, Demographics (Children (Aged 12 and under), Teens (Aged 13-19), Young Adults (Aged 20-40) and Adults (Aged 41 and above)), Format and Sales Channel: Global & Regional Forecast By 2033

  • PUBLISHED ON
  • 2024-10-11
  • NO OF PAGES
  • 275
  • CATEGORY
  • Retails & Consumer

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.    Objectives of the Study

1.2.    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.    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.    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.    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.    Horror

4.1.11.    Action

4.1.12.    Adventure

4.1.13.    Slice of Life

4.1.14.    Mystery

4.1.15.    Science Fiction

4.1.16.    Supernatural

5.       Global Manga Comics Market Estimates & Forecast Trend Analysis, by Demographics

5.1.    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.    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.    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.    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.   By Genre

9.1.2.2.   By Demographics

9.1.2.3.   By Format

9.1.2.4.   By Sales Channel

9.1.2.5.   By Country

9.1.2.5.1.     The U.S.

9.1.2.5.2.     Canada

9.1.2.5.3.     Mexico

10.   Europe Manga Comics Market: Estimates & Forecast Trend Analysis

10.1.  Europe Manga Comics Market Assessments & Key Findings

10.1.1.   Manga Comics Market Introduction

10.1.2.   Manga Comics Market Size Estimates and Forecast (US$ Million & Units) (2019 to 2033)

10.1.2.1.    By Genre

10.1.2.2.    By Demographics

10.1.2.3.    By Format

10.1.2.4.    By Sales Channel

10.1.2.5.    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.    Manga Comics Market Introduction

11.1.2.    Manga Comics Market Size and Volume Estimates and Forecast (US$ Million & Units) (2019 to 2033)

11.1.2.1.    By Genre

11.1.2.2.    By Demographics

11.1.2.3.    By Format

11.1.2.4.    By Sales Channel

11.1.2.5.    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.   Manga Comics Market Introduction

12.1.2.   Manga Comics Market Size and Volume Estimates and Forecast (US$ Million & Units) (2019 to 2033)

12.1.2.1.    By Genre

12.1.2.2.    By Demographics

12.1.2.3.    By Format

12.1.2.4.    By Sales Channel

12.1.2.5.    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.   Manga Comics Market Introduction

13.1.2.   Manga Comics Market Size and Volume Estimates and Forecast (US$ Million & Units) (2019 to 2033)

13.1.2.1.    By Genre

13.1.2.2.    By Demographics

13.1.2.3.    By Format

13.1.2.4.    By Sales Channel

13.1.2.5.    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.   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.   Company Profiles

15.1.   Shueisha (Japan)

15.1.1.    Company Overview & Key Stats

15.1.2.    Financial Performance & KPIs

15.1.3.    Product Portfolio

15.1.4.    Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

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.   Others**

16.   Research Methodology

16.1.      External Vehicle Types / Databases

16.2.      Internal Proprietary Database

16.3.      Primary Research

16.4.      Secondary Research

16.5.      Assumptions

16.6.      Limitations

16.7.      Report FAQs

17.   Research Findings & Conclusion

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

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.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

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).

Solution

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.

Market Estimates and Forecast

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.

Case Study- ICT Sector

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.

Frequently Asked Questions

What is the size of manga comics market and CAGR?

Manga comics market was valued at USD 11,587 million in 2022 and is estimated to grow at a CAGR of 16.4%.

How many manga units were sold in the U.S.?

In 2022, around 17.1 million units of manga were sold in the U.S.

Which is the fastest growing format in manga comics market?

Webtoons is the fastest growing format in manga comics market with a CAGR of more than 20.1%.

Which is the fastest growing region in the manga comics market?

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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