In 2018, the global animation market was worth 259 billion U.S. dollars, and is expected to grow to 270 billion by 2020. Animation is big business, with consumers increasingly expecting higher quality graphics in gaming, better visual effects in movies and a more immersive consumption experience wherever they go.
Animation in Hollywood
Animated features often perform well at the box office, with films such as ‘Shrek’, ‘Finding Nemo’ and ‘Minions’ proving to be hits with children and adults alike across the globe. Between 1995 and 2019, the highest grossing animated movie at the North American box office was Brad Bird’s ‘Incredibles 2’, earning around 200 million U.S. dollars more than other beloved Disney favorites ‘The Lion King’ and ‘Frozen’.
Disney has a profound effect on the animated movie market, having also released ‘Moana’, Wreck-It Ralph’ and ‘Tangled’. The company’s latest projects include remakes of classic movies ‘The Lion King’, ‘Mulan’ and ‘Dumbo’. The impressive CGI which creates photorealistic effects has incited debates about whether the movies are live-action or animated and paved the way for a whole new breed of cinema. Animation has indeed come a long way, and the 3D animation market in the U.S. has been growing steadily since 2014 with further increases predicted for the coming years.
Size of the animation market worldwide from 2017 to 2020
(in billion U.S. dollars)
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Research and Markets. (January 30, 2019). Size of the animation market worldwide from 2017 to 2020 (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 28, 2022, from https://www.statista.com/statistics/817601/worldwide-animation-market-size/
Research and Markets. "Size of the animation market worldwide from 2017 to 2020 (in billion U.S. dollars)." Chart. January 30, 2019. Statista. Accessed June 28, 2022. https://www.statista.com/statistics/817601/worldwide-animation-market-size/
Research and Markets. (2019). Size of the animation market worldwide from 2017 to 2020 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: June 28, 2022. https://www.statista.com/statistics/817601/worldwide-animation-market-size/
Research and Markets. "Size of The Animation Market Worldwide from 2017 to 2020 (in Billion U.S. Dollars)." Statista, Statista Inc., 30 Jan 2019, https://www.statista.com/statistics/817601/worldwide-animation-market-size/
Research and Markets, Size of the animation market worldwide from 2017 to 2020 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/817601/worldwide-animation-market-size/ (last visited June 28, 2022)