Collectibles Market: Current Analysis and Forecast (2024-2032)
Emphasis on Product Type (Coins & Stamps, Books & Comics, Art, Toys, and Others); Drive Type (Licensed Collectible Manufacturers, Specialized Collectibles Marketplace, E-commerce Portals, and Offline Retails & Auction Houses); and Region/Country
Collectibles Market Size & Forecast
The Collectibles Market was valued at approximately USD 448.57 billion in 2023 and is expected to grow at a substantial CAGR of around 3.8% during the forecast period (2024-2032) owing to the increasing demand for vintage toys, trading cards, and memorabilia from the 80s and 90s.
Collectibles Market Analysis
Collectibles are goods that people desire and possess with the possibility of selling them, due to their scarcity, ethnography, or preference. Such items may include vintage toys, coins, trading cards, paintings, and even digital art that may include non-fungible tokens (NFTs). People can buy collectibles for their use, to make a profit in the future, or simply for keeping historical or cultural items.
In this sector, new generations are entering the market, focusing on digital assets, popular culture, and non-traditional investments. Adding to this, the development of blockchain and NFT has shifted the collectible market into the digital environment and attracted younger and tech-savvy audiences with new approaches to the authenticity and trading of collectibles. For instance, in August 2024, The Athletic launched its first vertical on sports collectibles to help everyone from aspiring to seasoned collectors better understand the sports memorabilia market and make smarter purchasing decisions. With the developments in internet communication and logistics, today collectors can easily and conveniently access other global markets for their products due to the developments in online platforms such as eBay and StockX which has significantly enhanced the liquidity of the products.
Collectibles Market Trends
This section discusses the key market trends influencing the various segments of the Collectibles market as identified by our research experts.
Books and Comics Segment Transform Collectibles Industry
The books and comics segments play a crucial role in the collectibles business, motivated by nostalgia, cultural relevance, and increasing demand for collectibles, coupled with reemerging and first edition books and comics. Superhero comics such as Marvel and DC and other timeless children’s books are popular with avid collectors as well as people seeking very valuable and often rare collectibles. For instance, in March 2024, VeVe, the Ethereum-based NFT collectibles platform, announced the launch of its new VeVe Comics platform and digital comic book reader. The inaugural collection features iconic titles from Marvel Comics, a move sure to excite fans of the superhero genre and digital collectibles alike. The increase in comics, TV shows, and movies brought better demand and likewise enhanced the status of selected rare editions. These segments growing in popularity, grading, trading, and selling rare books and comics have become easier through platforms. Internet platforms such as eBay and Heritage Auctions make significant contributions towards the global trade of these assets increasing their marketability. Adoption has been widespread, especially among the elderly and the new generation indicating a healthy and growing market in book and comics kind of collectibles.
North America leads the market.
North America held a significant share of the collectibles industry owing to high consumer interest, prevalence of cultural influence, and well-developed market. In April 2024, U.S.-based Goldin introduced a new marketplace designed to be a one-stop-shop for cards and collectibles, in collaboration with PSA (Professional Sports Authenticator). This new platform will offer a comprehensive range of services including buying, selling, and grading of collectible cards. The partnership with PSA is set to provide users with enhanced trust and credibility in the marketplace. The U. S. demonstrates particularly high levels of interest in such collectibles as sports memorabilia, trading cards, vintage toys, and comic books, which are sold on extremely popular and well-known platforms like eBay, StockX, and, in some cases, a live auction. The cult to Pop culture by Hollywood, sports leagues, and Comic franchises also keeps on growing to expand the market. Adoption is strong across all age demographics with the rise of newer generations such as millennials & Gen Z highlighting the usefulness of collectibles and NFTs. The disposable income levels of the region, as well as the fact that this is a mature economy, are also well capable of spending a lot on expensive products, especially those that may be manufactured with low frequency but high value. Therefore, North America continues to be the strong point of the old and new collectible markets.
Collectibles Industry Overview
The Collectibles market is competitive, with several global and international players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are eBay Inc., TOPPS, Heritage Auctions, Sotheby’s, Etsy, Inc., Ruby Lane, Inc., StockX, Beckett Collectibles, LLC., Catawiki, and Funko.
Collectibles Market News
In July 2024, in a major strategic move, U.S-based CCG (Certified Collectibles Group) announced the merger of its CGC Trading Cards and Certified Sports Guaranty (CSG) divisions into a unified brand known as CGC Cards. This consolidation is aimed at strengthening CCG’s position as a leading service provider in the card grading industry. The new entity will streamline operations and enhance the grading and certification processes for trading cards and sports collectibles.
In April 2024, eBay Inc. announced they signed definitive agreements to enter into a series of transactions that include a commercial agreement, the sale of Goldin from Collectors to eBay, and the sale of the eBay vault from eBay to PSA. The differentiated and complementary strengths of the respective companies will support more streamlined buying, selling, grading, and storage experiences for all who participate in the trading card hobby in the United States (“The Hobby”).
Collectibles Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global Collectibles market can be customized further as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Collectibles Market Analysis (2024-2032)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Collectibles market were the three major steps undertaken to create and analyze the adoption of Collectibles in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Collectibles market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the Collectibles market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Collectibles market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product type, sales channel, and regions. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Collectibles market. Further, we conducted factor analysis using dependent and independent variables such as product type, sales channel, and regions of the Collectibles market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Collectibles market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Collectibles market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Collectibles market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global Collectibles market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Collectibles market. Data was split into several segments and sub-segments after studying various parameters and trends in the product type, sales channel, and regions of the global Collectibles market.
The main objective of the Global Collectibles Market Study
The current & future market trends of the global Collectibles market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Collectibles market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
- Segments in the study include areas of the product type, sales channel, and regions.
- Define and analyze the regulatory framework for the Collectibles
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the Collectibles market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the Collectibles market and the growth strategies adopted by the market players to sustain the fast-growing market.
- Deep dive regional level analysis of the industry
Frequently Asked Questions FAQs
Q1: What is the Collectibles market's current size and growth potential?
Q2: What are the driving factors for the growth of the Collectibles market?
Q3: Which segment has the largest share of the Collectibles market by product type?
Q4: What are the major trends in the Collectibles market?
Q5: Which region will dominate the Collectibles market?
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November 7, 2024
