Online Hobby & Craft Supplies Sales in the US - Market Research Report (2013-2028)
New York, United States
Last Updated: September 2023
NAICS OD5104Revenue
$13.4bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
12,610
Businesses
5,790
Wages
$XXX.Xm
Online Hobby & Craft Supplies Sales in the US industry analysis
Online hobby and craft supplies sales include the retail of sewing and craft supplies, including patterns, fabrics and sewing materials on the internet. Over the past five years, online retailers have benefited from an expanding economy and a significant rise in the amount of business conducted online. While the domestic economy fell into a recessionary period in early 2020 as a result of the pandemic, social distancing guidelines and regulations ultimately benefited e-commerce sales and business conducted online. Revenue is expected to increase at a CAGR of 1.8% to reach $13.4 billion over the five years to 2023, including an increase of 1.8% in 2023 alone.Overall consumer spending has grown amid continued economic recovery in the wake of the coronavirus pandemic. E-commerce sales are expected to rise, coupled with the rise in the percentage of business conducted online contributed to an increase in revenue. Social distancing guidelines during the pandemic furthered a growing trend of consumers purchasing habits fundamentally shifting to the internet. Profit fluctuated during the period but stabilized in 2023.Revenue is expected to continue expanding over the five years to 2028 at a faster rate. With the percentage of business conducted online expected to reach a relative saturation point as a result of the drastic shifts amid the coronavirus pandemic, industry revenue expansion is expected to naturally slow down. Revenue is nonetheless expected to rise at a CAGR of 2.3% to reach $15.0 billion over the five years to 2028, representing a rate of growth that is higher than the overall economy. This growth is expected to be fueled by e-commerce sales rising and a recovery in the consumer confidence index following the pandemic.
Trends and Insights
- Online hobby and craft supplies sales include the retail of craft and sewing supplies, including patterns, fabrics, yarns and sewing materials. Over the years to 2023, industry operators have experienced relatively strong operating conditions, compared with its brick-and-mortar counterparts.
- DIY trends have supported demand for industry products. Fabrics have specifically benefited from this trend as consumers have undertaken making their own clothes.
- The distribution of industry establishments doesn’t follow traditional population distribution because of the nature of the e-commerce industries. Retailers choose to locate in regions where the cost of setting up distribution centers is low and access to labor is easy.
- The industry is characterized by a significant divergence between large players and small operators, with a low level of market share concentration. Some of the largest brick and mortar hobby and craft supplies stores have aggressively expanded into the market.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 1.8 % over the past five years, to reach an estimated $13.4bn in 2023.
Trends and Insights
The outbreak of COVID-19 disrupted the economy
- As a result of the outbreak of coronavirus, the domestic and global economies experienced a significant downturn in economic growth.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
E-commerce will take away potential business from brick-and-mortar outlets
- E-commerce sales are expected to continue to expand, further benefiting companies that sell hobby and craft goods online while hindering brick-and-mortar stores.
Biggest companies in the Online Hobby & Craft Supplies Sales in the US
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Hobby Lobby Stores Inc. | 4,596.3 | 177.6 | 3.9 | |
Michaels Companies, Inc. | 3,283.1 | 338.7 | 10.3 | |
Amazon.Com, Inc. | 1,760.4 | 94.0 | 5.3 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Fabrics, Hobby goods and Sewing supplies. Fabrics is the largest segment of the Online Hobby & Craft Supplies Sales in the US.
Trends and Insights
Fabrics make up the largest product segment
- Fabrics include both natural and synthetic goods, and are typically used by consumers for activities like apparel making, home decor and quilting projects.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Fabric, Craft & Sewing Supplies Stores in the US
- E-Commerce & Online Auctions in the US
Complementors
- Toy & Craft Supplies Wholesaling in the US
- Hobby & Toy Stores in the US
International industries
- Global Apparel Manufacturing
- Hobby & Toy Stores in Canada
- E-Commerce & Online Auctions in the UK
Table of Contents
About this industry
Industry definition
This industry retails sewing and craft supplies, such as fabrics, patterns, yarns, needlework accessories and various other crafting supplies, via the internet. These goods are purchased from domestic and international manufacturers and wholesalers, and then retailed to the general public online.
What's included in this industry?
Retailing craft goodsRetailing hobby goodsRetailing sewing kitsRetailing patternsCompanies
Hobby Lobby Stores Inc.Michaels Companies, Inc.Amazon.Com, Inc.Purchase this report to view all 3 major companies in this industry.
Related Terms
AGE COMPRESSIONELECTRONIC DATA INTERCHANGE (EDI)DO-IT-YOURSELF (DIY)Industry Code
NAICS 45411 - Online Hobby & Craft Supplies Sales in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Online hobby and craft supplies sales include the retail of craft and sewing supplies, including patterns, fabrics, yarns and sewing materials. Over the years to 2023, indust...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
DIY trends have supported demand for industry products. Fabrics have specifically benefited from this trend as consumers have undertaken making their own clothes.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2023
- Product innovation level
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The distribution of industry establishments doesn’t follow traditional population distribution because of the nature of the e-commerce industries. Retailers choose to locate ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each state in 2023
- Number and share of revenue each state accounts for in 2023
- Number and share of wages each state accounts for in 2023
- Number and share of employees in each state in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The industry is characterized by a significant divergence between large players and small operators, with a low level of market share concentration. Some of the largest brick...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Hobby Lobby Stores is a private company with an estimated 43,000 employees. In the US, the company has the largest market share in the industry, where they account for an est...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Hobby Lobby Stores Inc.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Michaels Companies, Inc.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Amazon.Com, Inc.'s performance by revenue, market share and profit margin from 2017 through 2023
Detailed analysis
- Description and key data for Hobby Lobby Stores Inc., and factors influencing its performance in the industry
- Description and key data for Michaels Companies, Inc., and factors influencing its performance in the industry
- Description and key data for Amazon.Com, Inc., and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The industry is subject to regulations in line with the larger E-Commerce and Online Auctions in the US industry. The most prominent regulation affecting the industry in rece...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
The cost structure for the industry tends to vary depending on the breadth of products sold. The cost structure benchmarks tend to depend on the size and scope of a company's...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Industry Multiples (2016-2021)
- Industry Tax Structure (2016-2021)
- Income Statement (2016-2021)
- Balance Sheet (2016-2021)
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Online Hobby & Craft Supplies Sales in the US industry in United States in 2024?
The market size of the Online Hobby & Craft Supplies Sales in the US industry in United States is $13.4bn in 2024.
How many businesses are there in the Online Hobby & Craft Supplies Sales in the US industry in 2023?
There are 5,790 businesses in the Online Hobby & Craft Supplies Sales in the US industry in United States, which has grown at a CAGR of 4.2 % between 2018 and 2023.
Has the Online Hobby & Craft Supplies Sales in the US industry in United States grown or declined over the past 5 years?
The market size of the Online Hobby & Craft Supplies Sales in the US industry in United States has been growing at a CAGR of 1.8 % between 2018 and 2023.
What is the forecast growth of the Online Hobby & Craft Supplies Sales in the US industry in United States over the next 5 years?
Over the next five years, the Online Hobby & Craft Supplies Sales in the US industry in United States is expected to grow.
What are the biggest companies in the Online Hobby & Craft Supplies Sales in the US market in United States?
The biggest companies operating in the Online Hobby & Craft Supplies Sales market in United States are Hobby Lobby Stores Inc., Michaels Companies, Inc. and Amazon.Com, Inc.
What does the Online Hobby & Craft Supplies Sales in the US in United States include?
Retailing craft goods and Retailing hobby goods are part of the Online Hobby & Craft Supplies Sales in the US industry.
Which companies have the highest market share in the Online Hobby & Craft Supplies Sales in the US in United States?
The company holding the most market share in United States is Hobby Lobby Stores Inc..
How competitive is the Online Hobby & Craft Supplies Sales in the US industry in United States?
The level of competition is high and increasing in the Online Hobby & Craft Supplies Sales in the US industry in United States.
