Global and United States Animation Market Report & Forecast 2024-2031

Report ID: 1845307 | Published Date: Jan 2026 | No. of Page: 107 | Base Year: 2025 | Rating: 4 | Webstory: Check our Web story
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Impact of U.S Tarrifs Analyzed 2025 

1 Study Coverage
    1.1 Animation Revenue in Animation Business (2017-2022) & (US$ Million) Introduction
    1.2 Global Animation Outlook 2017 VS 2022 VS 2028
        1.2.1 Global Animation Market Size for the Year 2017-2028
        1.2.2 Global Animation Market Size for the Year 2017-2028
    1.3 Animation Market Size, United States VS Global, 2017 VS 2022 VS 2028
        1.3.1 The Market Share of United States Animation in Global, 2017 VS 2022 VS 2028
        1.3.2 The Growth Rate of Animation Market Size, United States VS Global, 2017 VS 2022 VS 2028
    1.4 Animation Market Dynamics
        1.4.1 Animation Industry Trends
        1.4.2 Animation Market Drivers
        1.4.3 Animation Market Challenges
        1.4.4 Animation Market Restraints
    1.5 Study Objectives
    1.6 Years Considered
2 Animation by Type
    2.1 Animation Market Segment by Type
        2.1.1 Animation
        2.1.2 Caricature
        2.1.3 Other
    2.2 Global Animation Market Size by Type (2017, 2022 & 2028)
    2.3 Global Animation Market Size by Type (2017-2028)
    2.4 United States Animation Market Size by Type (2017, 2022 & 2028)
    2.5 United States Animation Market Size by Type (2017-2028)
3 Animation by Application
    3.1 Animation Market Segment by Application
        3.1.1 Clothes
        3.1.2 Toys
        3.1.3 Electronic Games
        3.1.4 Film and Television
        3.1.5 Other
    3.2 Global Animation Market Size by Application (2017, 2022 & 2028)
    3.3 Global Animation Market Size by Application (2017-2028)
    3.4 United States Animation Market Size by Application (2017, 2022 & 2028)
    3.5 United States Animation Market Size by Application (2017-2028)
4 Global Animation Competitor Landscape by Company
    4.1 Global Animation Market Size by Company
        4.1.1 Top Global Animation Companies Ranked by Revenue (2021)
        4.1.2 Global Animation Revenue by Player (2017-2022)
    4.2 Global Animation Concentration Ratio (CR)
        4.2.1 Animation Market Concentration Ratio (CR) (2017-2022)
        4.2.2 Global Top 5 and Top 10 Largest Companies of Animation in 2021
        4.2.3 Global Animation Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
    4.3 Global Animation Headquarters, Revenue in Animation Business (2017-2022) & (US$ Million) Type
        4.3.1 Global Animation Headquarters and Area Served
        4.3.2 Global Animation Companies Revenue in Animation Business (2017-2022) & (US$ Million) Type
        4.3.3 Date of International Companies Enter into Animation Market
    4.4 Companies Mergers & Acquisitions, Expansion Plans
    4.5 United States Animation Market Size by Company
        4.5.1 Top Animation Players in United States, Ranked by Revenue (2021)
        4.5.2 United States Animation Revenue by Players (2020, 2021 & 2022)
5 Global Animation Market Size by Region
    5.1 Global Animation Market Size by Region: 2017 VS 2022 VS 2028
    5.2 Global Animation Market Size by Region (2017-2028)
        5.2.1 Global Animation Market Size by Region: 2017-2022
        5.2.2 Global Animation Market Size by Region (2023-2028)
6 Segment in Region Level & Country Level
    6.1 North America
        6.1.1 North America Animation Market Size YoY Growth 2017-2028
        6.1.2 North America Animation Market Facts & Figures by Country (2017, 2022 & 2028)
        6.1.3 U.S.
        6.1.4 Canada
    6.2 Asia-Pacific
        6.2.1 Asia-Pacific Animation Market Size YoY Growth 2017-2028
        6.2.2 Asia-Pacific Animation Market Facts & Figures by Region (2017, 2022 & 2028)
        6.2.3 China
        6.2.4 Japan
        6.2.5 South Korea
        6.2.6 India
        6.2.7 Australia
        6.2.8 Taiwan
        6.2.9 Indonesia
        6.2.10 Thailand
        6.2.11 Malaysia
        6.2.12 Philippines
    6.3 Europe
        6.3.1 Europe Animation Market Size YoY Growth 2017-2028
        6.3.2 Europe Animation Market Facts & Figures by Country (2017, 2022 & 2028)
        6.3.3 Germany
        6.3.4 France
        6.3.5 U.K.
        6.3.6 Italy
        6.3.7 Russia
    6.4 Latin America
        6.4.1 Latin America Animation Market Size YoY Growth 2017-2028
        6.4.2 Latin America Animation Market Facts & Figures by Country (2017, 2022 & 2028)
        6.4.3 Mexico
        6.4.4 Brazil
        6.4.5 Argentina
    6.5 Middle East and Africa
        6.5.1 Middle East and Africa Animation Market Size YoY Growth 2017-2028
        6.5.2 Middle East and Africa Animation Market Facts & Figures by Country (2017, 2022 & 2028)
        6.5.3 Turkey
        6.5.4 Saudi Arabia
        6.5.5 UAE
7 Company Profiles
    7.1 Disney
        7.1.1 Disney Company Details
        7.1.2 Disney Business Overview
        7.1.3 Disney Animation Introduction
        7.1.4 Disney Revenue in Animation Business (2017-2022)
        7.1.5 Disney Recent Development
    7.2 Dreamworks Studios
        7.2.1 Dreamworks Studios Company Details
        7.2.2 Dreamworks Studios Business Overview
        7.2.3 Dreamworks Studios Animation Introduction
        7.2.4 Dreamworks Studios Revenue in Animation Business (2017-2022)
        7.2.5 Dreamworks Studios Recent Development
    7.3 Blue Sky Studios
        7.3.1 Blue Sky Studios Company Details
        7.3.2 Blue Sky Studios Business Overview
        7.3.3 Blue Sky Studios Animation Introduction
        7.3.4 Blue Sky Studios Revenue in Animation Business (2017-2022)
        7.3.5 Blue Sky Studios Recent Development
    7.4 Studioghibli
        7.4.1 Studioghibli Company Details
        7.4.2 Studioghibli Business Overview
        7.4.3 Studioghibli Animation Introduction
        7.4.4 Studioghibli Revenue in Animation Business (2017-2022)
        7.4.5 Studioghibli Recent Development
    7.5 Bones
        7.5.1 Bones Company Details
        7.5.2 Bones Business Overview
        7.5.3 Bones Animation Introduction
        7.5.4 Bones Revenue in Animation Business (2017-2022)
        7.5.5 Bones Recent Development
    7.6 Sunrise
        7.6.1 Sunrise Company Details
        7.6.2 Sunrise Business Overview
        7.6.3 Sunrise Animation Introduction
        7.6.4 Sunrise Revenue in Animation Business (2017-2022)
        7.6.5 Sunrise Recent Development
    7.7 Gainax
        7.7.1 Gainax Company Details
        7.7.2 Gainax Business Overview
        7.7.3 Gainax Animation Introduction
        7.7.4 Gainax Revenue in Animation Business (2017-2022)
        7.7.5 Gainax Recent Development
    7.8 Gonzo
        7.8.1 Gonzo Company Details
        7.8.2 Gonzo Business Overview
        7.8.3 Gonzo Animation Introduction
        7.8.4 Gonzo Revenue in Animation Business (2017-2022)
        7.8.5 Gonzo Recent Development
    7.9 Warner Bros. Entertainment, Inc
        7.9.1 Warner Bros. Entertainment, Inc Company Details
        7.9.2 Warner Bros. Entertainment, Inc Business Overview
        7.9.3 Warner Bros. Entertainment, Inc Animation Introduction
        7.9.4 Warner Bros. Entertainment, Inc Revenue in Animation Business (2017-2022)
        7.9.5 Warner Bros. Entertainment, Inc Recent Development
    7.10 Akom
        7.10.1 Akom Company Details
        7.10.2 Akom Business Overview
        7.10.3 Akom Animation Introduction
        7.10.4 Akom Revenue in Animation Business (2017-2022)
        7.10.5 Akom Recent Development
    7.11 Vooz Club
        7.11.1 Vooz Club Company Details
        7.11.2 Vooz Club Business Overview
        7.11.3 Vooz Club Animation Introduction
        7.11.4 Vooz Club Revenue in Animation Business (2017-2022)
        7.11.5 Vooz Club Recent Development
    7.12 The Walt Disney company
        7.12.1 The Walt Disney company Company Details
        7.12.2 The Walt Disney company Business Overview
        7.12.3 The Walt Disney company Animation Introduction
        7.12.4 The Walt Disney company Revenue in Animation Business (2017-2022)
        7.12.5 The Walt Disney company Recent Development
    7.13 Dreamworks Animation Animation Skg, Inc
        7.13.1 Dreamworks Animation Animation Skg, Inc Company Details
        7.13.2 Dreamworks Animation Animation Skg, Inc Business Overview
        7.13.3 Dreamworks Animation Animation Skg, Inc Animation Introduction
        7.13.4 Dreamworks Animation Animation Skg, Inc Revenue in Animation Business (2017-2022)
        7.13.5 Dreamworks Animation Animation Skg, Inc Recent Development
    7.14 Toei Animation Co
        7.14.1 Toei Animation Co Company Details
        7.14.2 Toei Animation Co Business Overview
        7.14.3 Toei Animation Co Animation Introduction
        7.14.4 Toei Animation Co Revenue in Animation Business (2017-2022)
        7.14.5 Toei Animation Co Recent Development
    7.15 Shanda Games Ltd
        7.15.1 Shanda Games Ltd Company Details
        7.15.2 Shanda Games Ltd Business Overview
        7.15.3 Shanda Games Ltd Animation Introduction
        7.15.4 Shanda Games Ltd Revenue in Animation Business (2017-2022)
        7.15.5 Shanda Games Ltd Recent Development
    7.16 Global Digital Creations Holdings
        7.16.1 Global Digital Creations Holdings Company Details
        7.16.2 Global Digital Creations Holdings Business Overview
        7.16.3 Global Digital Creations Holdings Animation Introduction
        7.16.4 Global Digital Creations Holdings Revenue in Animation Business (2017-2022)
        7.16.5 Global Digital Creations Holdings Recent Development
8 Research Findings and Conclusion
9 Appendix
    9.1 Research Methodology
        9.1.1 Methodology/Research Approach
        9.1.2 Data Source
    9.2 Author Details
    9.3 Disclaimer

List of Tables
    Table 1. Animation Market Size United States VS Global, CAGR (2017 VS 2022 VS 2028)
    Table 2. Animation Market Trends
    Table 3. Animation Market Drivers
    Table 4. Animation Market Challenges
    Table 5. Animation Market Restraints
    Table 6. Global Animation Market Size by Type: 2017 VS 2022 VS 2028 (US$ Million)
    Table 7. United States Animation Market Size by Type: 2017 VS 2022 VS 2028 (US$ Million)
    Table 8. Global Animation Market Size by Application: 2017 VS 2022 VS 2028 (US$ Million)
    Table 9. United States Animation Market Size by Application: 2017 VS 2022 VS 2028 (US$ Million)
    Table 10. Top Animation Companies in Global Market, Ranking by Revenue (2021)
    Table 11. Global Animation Revenue by Player, (US$ Million), 2017-2022
    Table 12. Global Animation Revenue Share by Player, 2017-2022
    Table 13. Global Animation Companies Market Concentration Ratio (CR5 and HHI)
    Table 14. Global Animation by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Animation as of 2021)
    Table 15. Top Players of Animation in Global Market, Headquarters and Area Served
    Table 16. Companies Revenue in Animation Business (2017-2022) & (US$ Million) Type
    Table 17. Date of International Companies Enter into Animation Market
    Table 18. Companies Mergers & Acquisitions, Expansion Plans
    Table 19. Top Animation Players in United States Market, Ranking by Revenue (2021)
    Table 20. United States Animation Revenue by Players, (US$ Million), 2020, 2021 & 2022
    Table 21. United States Animation Revenue Share by Players, 2020, 2021 & 2022
    Table 22. Global Animation Market Size by Region (US$ Million): 2017 VS 2022 VS 2028
    Table 23. Global Animation Market Size by Region (2017-2022) & (US$ Million)
    Table 24. Global Animation Market Size Forecast by Region (2023-2028) & (US$ Million)
    Table 25. North America Animation Sales in Value by Country (2017-2028) & (US$ Million)
    Table 26. Asia Pacific Animation Sales in Value by Region (2017-2028) & (US$ Million)
    Table 27. Europe Animation Sales in Value by Country (2017-2028) & (US$ Million)
    Table 28. Latin Americaa Animation Sales in Value by Country (2017-2028) & (US$ Million)
    Table 29. Middle East and Africa Animation Sales in Value by Country (2017-2028) & (US$ Million)
    Table 30. Disney Company Details
    Table 31. Disney Business Overview
    Table 32. Disney Animation Product
    Table 33. Disney Revenue in Animation Business (2017-2022) & (US$ Million)
    Table 34. Disney Recent Development
    Table 35. Dreamworks Studios Company Details
    Table 36. Dreamworks Studios Business Overview
    Table 37. Dreamworks Studios Animation Product
    Table 38. Dreamworks Studios Revenue in Animation Business (2017-2022) & (US$ Million)
    Table 39. Dreamworks Studios Recent Development
    Table 40. Blue Sky Studios Company Details
    Table 41. Blue Sky Studios Business Overview
    Table 42. Blue Sky Studios Animation Product
    Table 43. Blue Sky Studios Revenue in Animation Business (2017-2022) & (US$ Million)
    Table 44. Blue Sky Studios Recent Development
    Table 45. Studioghibli Company Details
    Table 46. Studioghibli Business Overview
    Table 47. Studioghibli Animation Product
    Table 48. Studioghibli Revenue in Animation Business (2017-2022) & (US$ Million)
    Table 49. Studioghibli Recent Development
    Table 50. Bones Company Details
    Table 51. Bones Business Overview
    Table 52. Bones Animation Product
    Table 53. Bones Revenue in Animation Business (2017-2022) & (US$ Million)
    Table 54. Bones Recent Development
    Table 55. Sunrise Company Details
    Table 56. Sunrise Business Overview
    Table 57. Sunrise Animation Product
    Table 58. Sunrise Revenue in Animation Business (2017-2022) & (US$ Million)
    Table 59. Sunrise Recent Development
    Table 60. Gainax Company Details
    Table 61. Gainax Business Overview
    Table 62. Gainax Animation Product
    Table 63. Gainax Revenue in Animation Business (2017-2022) & (US$ Million)
    Table 64. Gainax Recent Development
    Table 65. Gonzo Company Details
    Table 66. Gonzo Business Overview
    Table 67. Gonzo Animation Product
    Table 68. Gonzo Revenue in Animation Business (2017-2022) & (US$ Million)
    Table 69. Gonzo Recent Development
    Table 70. Warner Bros. Entertainment, Inc Company Details
    Table 71. Warner Bros. Entertainment, Inc Business Overview
    Table 72. Warner Bros. Entertainment, Inc Animation Product
    Table 73. Warner Bros. Entertainment, Inc Revenue in Animation Business (2017-2022) & (US$ Million)
    Table 74. Warner Bros. Entertainment, Inc Recent Development
    Table 75. Akom Company Details
    Table 76. Akom Business Overview
    Table 77. Akom Animation Product
    Table 78. Akom Revenue in Animation Business (2017-2022) & (US$ Million)
    Table 79. Akom Recent Development
    Table 80. Vooz Club Company Details
    Table 81. Vooz Club Business Overview
    Table 82. Vooz Club Animation Product
    Table 83. Vooz Club Revenue in Animation Business (2017-2022) & (US$ Million)
    Table 84. Vooz Club Recent Development
    Table 85. The Walt Disney company Company Details
    Table 86. The Walt Disney company Business Overview
    Table 87. The Walt Disney company Animation Product
    Table 88. The Walt Disney company Revenue in Animation Business (2017-2022) & (US$ Million)
    Table 89. The Walt Disney company Recent Development
    Table 90. Dreamworks Animation Animation Skg, Inc Company Details
    Table 91. Dreamworks Animation Animation Skg, Inc Business Overview
    Table 92. Dreamworks Animation Animation Skg, Inc Animation Product
    Table 93. Dreamworks Animation Animation Skg, Inc Revenue in Animation Business (2017-2022) & (US$ Million)
    Table 94. Dreamworks Animation Animation Skg, Inc Recent Development
    Table 95. Toei Animation Co Company Details
    Table 96. Toei Animation Co Business Overview
    Table 97. Toei Animation Co Animation Product
    Table 98. Toei Animation Co Revenue in Animation Business (2017-2022) & (US$ Million)
    Table 99. Toei Animation Co Recent Development
    Table 100. Shanda Games Ltd Company Details
    Table 101. Shanda Games Ltd Business Overview
    Table 102. Shanda Games Ltd Animation Product
    Table 103. Shanda Games Ltd Revenue in Animation Business (2017-2022) & (US$ Million)
    Table 104. Shanda Games Ltd Recent Development
    Table 105. Global Digital Creations Holdings Company Details
    Table 106. Global Digital Creations Holdings Business Overview
    Table 107. Global Digital Creations Holdings Animation Product
    Table 108. Global Digital Creations Holdings Revenue in Animation Business (2017-2022) & (US$ Million)
    Table 109. Global Digital Creations Holdings Recent Development
    Table 110. Research Programs/Design for This Report
    Table 111. Key Data Information from Secondary Sources
    Table 112. Key Data Information from Primary Sources
List of Figures
    Figure 1. Animation Product Picture
    Figure 2. Global Animation Market Size, (US$ Million), 2017 VS 2022 VS 2028
    Figure 3. Global Animation Market Size 2017-2028 (US$ Million)
    Figure 4. United States Animation Market Size, (US$ Million), 2017 VS 2022 VS 2028
    Figure 5. United States Animation Market Size 2017-2028 (US$ Million)
    Figure 6. United States Animation Market Share in Global 2017-2028
    Figure 7. Animation Report Years Considered
    Figure 8. Product Picture of Animation
    Figure 9. Product Picture of Caricature
    Figure 10. Product Picture of Other
    Figure 11. Global Animation Market Share by Type in 2022 & 2028
    Figure 12. Global Animation Market Size by Type (2017-2028) & (US$ Million)
    Figure 13. Global Animation Market Share by Type (2017-2028)
    Figure 14. United States Animation Market Share by Type in 2022 & 2028
    Figure 15. United States Animation Market Size by Type (2017-2028) & (US$ Million)
    Figure 16. United States Animation Market Share by Type (2017-2028)
    Figure 17. Product Picture of Clothes
    Figure 18. Product Picture of Toys
    Figure 19. Product Picture of Electronic Games
    Figure 20. Product Picture of Film and Television
    Figure 21. Product Picture of Other
    Figure 22. Global Animation Market Share by Application in 2022 & 2028
    Figure 23. Global Animation Market Size by Application (2017-2028) & (US$ Million)
    Figure 24. Global Animation Market Share by Application (2017-2028)
    Figure 25. United States Animation Market Share by Application in 2022 & 2028
    Figure 26. United States Animation Market Size by Application (2017-2028) & (US$ Million)
    Figure 27. United States Animation Market Share by Application (2017-2028)
    Figure 28. North America Animation Market Size Growth Rate 2017-2028 (US$ Million)
    Figure 29. U.S. Animation Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 30. Canada Animation Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 31. Europe Animation Market Size Growth Rate 2017-2028 (US$ Million)
    Figure 32. Germany Animation Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 33. France Animation Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 34. U.K. Animation Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 35. Italy Animation Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 36. Russia Animation Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 37. Asia-Pacific Animation Market Size Growth Rate 2017-2028 (US$ Million)
    Figure 38. China Animation Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 39. Japan Animation Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 40. South Korea Animation Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 41. India Animation Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 42. Australia Animation Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 43. Taiwan Animation Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 44. Indonesia Animation Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 45. Thailand Animation Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 46. Malaysia Animation Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 47. Philippines Animation Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 48. Latin America Animation Market Size Growth Rate 2017-2028 (US$ Million)
    Figure 49. Mexico Animation Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 50. Brazil Animation Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 51. Argentina Animation Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 52. Middle East & Africa Animation Market Size Growth Rate 2017-2028 (US$ Million)
    Figure 53. Turkey Animation Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 54. Saudi Arabia Animation Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 55. UAE Animation Market Size Growth Rate (2017-2028) & (US$ Million)
    Figure 56. Disney Revenue Growth Rate in Animation Business (2017-2022)
    Figure 57. Dreamworks Studios Revenue Growth Rate in Animation Business (2017-2022)
    Figure 58. Blue Sky Studios Revenue Growth Rate in Animation Business (2017-2022)
    Figure 59. Studioghibli Revenue Growth Rate in Animation Business (2017-2022)
    Figure 60. Bones Revenue Growth Rate in Animation Business (2017-2022)
    Figure 61. Sunrise Revenue Growth Rate in Animation Business (2017-2022)
    Figure 62. Gainax Revenue Growth Rate in Animation Business (2017-2022)
    Figure 63. Gonzo Revenue Growth Rate in Animation Business (2017-2022)
    Figure 64. Warner Bros. Entertainment, Inc Revenue Growth Rate in Animation Business (2017-2022)
    Figure 65. Akom Revenue Growth Rate in Animation Business (2017-2022)
    Figure 66. Vooz Club Revenue Growth Rate in Animation Business (2017-2022)
    Figure 67. The Walt Disney company Revenue Growth Rate in Animation Business (2017-2022)
    Figure 68. Dreamworks Animation Animation Skg, Inc Revenue Growth Rate in Animation Business (2017-2022)
    Figure 69. Toei Animation Co Revenue Growth Rate in Animation Business (2017-2022)
    Figure 70. Shanda Games Ltd Revenue Growth Rate in Animation Business (2017-2022)
    Figure 71. Global Digital Creations Holdings Revenue Growth Rate in Animation Business (2017-2022)
    Figure 72. Bottom-up and Top-down Approaches for This Report
    Figure 73. Data Triangulation
    Figure 74. Key Executives Interviewed
Please ask for List of Figures. Request Sample Report
Companies Included in Reports:
Disney
Dreamworks Studios
Blue Sky Studios
Studioghibli
Bones
Sunrise
Gainax
Gonzo
Warner Bros. Entertainment, Inc
Akom
Vooz Club
The Walt Disney company
Dreamworks Animation Animation Skg, Inc
Toei Animation Co
Shanda Games Ltd
Global Digital Creations Holdings
Frequently Asked Questions
Animation report offers great insights of the market and consumer data and their interpretation through various figures and graphs. Report has embedded global market and regional market deep analysis through various research methodologies. The report also offers great competitor analysis of the industries and highlights the key aspect of their business like success stories, market development and growth rate.
Animation report is categorised based on following features:
  1. Global Market Players
  2. Geopolitical regions
  3. Consumer Insights
  4. Technological advancement
  5. Historic and Future Analysis of the Market
Animation report is designed on the six basic aspects of analysing the market, which covers the SWOT and SWAR analysis like strength, weakness, opportunity, threat, aspirations and results. This methodology helps investors to reach on to the desired and correct decision to put their capital into the market.

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