Hobby, Arts & Crafts Stores – Industry Analysis, Statistics, Trends, and Forecasts

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Industry Analysis, Statistics, Trends, and Forecasts

• Market size and major product and service segments
• Key industry statistics, trends, and financial ratios
• Operating conditions and current performance
• Competitive landscape and environment
• Major company profiles and market shares
• Five-year outlook and growth forecasts

Association for Creative Industries
Gradient Magazine
https://creativeindustries.org/

Quarterly magazine features news and information for professional crafters, retailers, designers, and distributors, with topics covered in various issues including industry news and trends, marketing and merchandising strategies, business management, customer relations, social media tips, association activities, and trade and regulatory concerns. Archived digital editions are available to members only.

Craft Industry Alliance LLC
News / Resources
https://craftindustryalliance.org / surveys

Online resource provides news and information for craft industry professionals, with data provided by various surveys including industry size and growth, craft participant demographics by type of activity, experience level by activity, number of activities, hours per week spent on creative projects, changes in purchasing habits, and anticipated change in craft participation. Articles can be viewed free online.

Mintel Group Ltd.
Arts and Crafts Consumer - US
https://store.mintel.com/

Comprehensive study provides a detailed analysis of this market sector from a consumer standpoint, with topics covered in the report including market overview and drivers, key industry trends, attitudes toward costs of crafts, materials purchased by type of retailer, crafting trends and predictions, crafter demographics, types of crafting projects, crafter motivations, and overcoming barriers to craftmaking.

MRB Research
Arts & Crafts Market
https://www.marketsandresearch.biz/

Market research study provides an in-depth analysis of the market for this product sector on a global and regional basis, with data provided in the study including market size and forecast by product type (e.g., painting and drawing, sewing and fabrics, paper crafts, kids crafts, arts and crafts tools), usage (e.g., personal use, commercial use), global region (e.g., Americas), and country (e.g., US, Canada).

Maia Research
Arts & Crafts Market
https://www.maiaresearch.com/

Market research study analyzes the market for this product sector on a global basis, with information provided in the report including historical and forecast revenue and growth rate by product type (e.g., drawing pen, paints and stains, craft tools, other), application (e.g., educational use, commercial use, personal use), major region (e.g., North America), and country (e.g., United States, Canada, Mexico).

International Art Materials Association
Retailer Study
https://www.namta.org/

Triennial retailer study provides information on the retail art materials market in the U.S. and Canada, with topics covered in the report including number of store locations, total sales and growth, sales by product category (e.g., art supplies, craft supplies, framing supplies and services), in-store vs. online sales, and effectiveness of regular marketing functions and promotional methods in increasing sales.

BizMiner
Hobby, Arts, and Craft Supply Stores Market Analysis
https://www.bizminer.com  Search for "451120"

Market analysis report provides industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.

Financial Statements and Financial Ratios

Industry Financial Ratios
Hobby, Arts, and Craft Supply Stores
https://www.bizminer.com  Search for "451120"

• Income and expenses in dollars and percentages
• Balance sheets in dollars and percentages
• Profitability and return on investment ratios
• Liquidity and working capital ratios
• Asset turnover and efficiency ratios
• Capital structure and debt service ratios

IBISWorld
Hobby, Toy, Arts & Crafts / Fabric, Craft & Sewing Supplies Stores
(see links for individual reports)

Financial benchmarking section of these reports provides an analysis of industry profit and expenses as a percentage of the most recent year's annual revenue for retail enterprises that sell hobby goods, toys, games, and collectibles; art materials and craft supplies; fabrics, patterns, yarns, thread, laces, trimmings, notions, and needlecraft kits; and home decor, picture frames, and seasonal decorations.

Compensation and Salary Surveys

PayScale, Inc.
Arts & Crafts Store
https://www.payscale.com/

Free online service provides salary, bonus, and hourly wage data for job positions in this sector such as marketing manager, store manager, assistant store manager, graphic designer, customer service manager, retail sales associate, framer, and cashier, with employers for which salary or wage data is provided including The Michaels Companies Inc., Hobby Lobby Stores Inc., and Jo-Ann Stores, LLC.

U.S. Bureau of Labor Statistics
Sporting Goods, Hobby, and Musical Instrument Stores
https://www.bls.gov/oes/

Annual wage survey provides hourly and annual wage data on a national, state, and local area basis for positions employed by companies in this sector which includes retail stores that sell hobby goods, toys, games, and collectibles; art materials and craft supplies; fabrics, patterns, yarns, thread, laces, trimmings, notions, and needlecraft kits; and home decor, picture frames, and seasonal decorations.

Business Valuation Resources

BVMarketData

www.bvresources.com

Private company sales transaction data for over 800 industries.

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