Doing sew well: Rising popularity of craft products among millennials and baby boomers will drive growth

Revenue generated by the Fabric, Crafts and Sewing Supplies Stores industry is estimated to have risen during the current five-year period. Industry revenue growth has been driven primarily by rising per capita disposable income, which has increased consumers' propensity to spend on discretionary industry products. Nonetheless, strong external competition from online sales of fabric and craft goods has tempered the industry's revenue growth during the period. Over the next five years, revenue is expected to continue to grow, albeit at a tempered rate. This is because IBISWorld expects that a growing share of demand for the industry's products will be satisfied by online stores, as consumers' affinity towards e-commerce continues to more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • Strong external competition from online sales of industry items is expected to continue
  • This industry has experienced increasingly intense external competition
  • Sluggish growth, coupled with intense price competition, will result in consolidation
  • Industry Report - Industry Investment Chapter

    This industry is characterized by a low level of capital intensity, with the typical industry operator allocating just $0.04 to capital investments for every $1.00 spent on labour inputs in 2018. Common capital expenditures in this industry include the purchase of in-store machinery, such as point-of-sale systems, cash registers, bar code scanners and fabric and pottery customization machinery. These expenses also include investment in computers, software, inventory control systems and fixtures and fittings to improve the overall ambience of stores. Most employees in this industry are hired on a part-time basis, and most establishments are managed by fewer than four employees. Nevertheless, spending on wages remains high relative to spending on capital. Sin...purchase to read more.

    Additional Insights for the Fabric, Craft & Sewing Supplies Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Fabric, Craft & Sewing Supplies Stores Industry are

  • Ability to attract local support/patronage
  • Access to niche markets
  • Attractive product presentation
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Demand from e-commerce and online auctions in the Fabric, Craft & Sewing Supplies Stores industry impact industry performance..

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    What's in this report

    What is the Fabric, Craft & Sewing Supplies Stores Industry?

    This industry sells sewing and craft supplies, fabrics, patterns, yarns, needlework accessories, seasonal decorations and sewing machines. Stores that sell sewing machines with other household appliances are excluded from this industry.

    Industry Products
  • Fabrics
  • Sewing supplies
  • Craft supplies
  • Patterns
  • Artificial plants
  • Seasonal decorations
  • All other
  • Industry Activities
  • Retailing fabric
  • Retailing patterns
  • Retailing sewing supplies
  • Retailing upholstery materials
  • Retailing yarns
  • Retailing needlecraft supplies
  • Retailing sewing craft supplies
  • Retailing seasonal decorations
  • Retailing sewing machines
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Demand from e-commerce and online auctions
  • Median age of population
  • Leisure time

  • Current Performance
  • Growing interest in crafting
  • Profit and participation
  • External competition stunts revenue growth
  • Chart: Revenue Growth

  • Industry Outlook
  • Competition and consolidation
  • Marketing expenditure
  • Table: Fabric, Craft & Sewing Supplies Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fabric, Craft & Sewing Supplies Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Educational Services In Canada
  • Day Care in Canada
  • Consumers in Canada

  • Key Selling Industries
  • Floor Covering Wholesaling in Canada
  • Jewellery & Watch Wholesaling in Canada
  • Textile Mills in Canada
  • Toy & Craft Supplies Wholesaling in Canada

  • Products & Services
  • Fabrics
  • Sewing supplies
  • Craft supplies
  • All other
  • Seasonal decorations
  • Artificial plants
  • Patterns
  • Chart: Fabric, Craft & Sewing Supplies Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Men
  • Women aged 25 to 44
  • Women aged 45 to 64
  • Women aged 24 and younger
  • Women aged 65 and older
  • Chart: Major Market Segmentation for the Fabric, Craft & Sewing Supplies Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Fabric, Craft & Sewing Supplies Stores

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fabric, Craft & Sewing Supplies Stores Industry

  • Industry Globalization
    Michaels Stores,
  • Table: Michaels Stores - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Fabric, Craft & Sewing Supplies Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Fabric, Craft & Sewing Supplies Stores Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Total retail sales (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Baby Boomer
  • A consumer born between 1946 and 1964; this demographic accounts for a major proportion of the US population.
  • Big-Box Store
  • A retail store that is differentiated by its sheer size and large range of products, including electronics, households goods and other consumer products.
  • Do-It-Yourself
  • A category of customers that includes homeowners who purchase products and complete their own projects.
  • Notion
  • A small lightweight item for household use, such as needles, buttons and threads.
  • Off-The-Rack
  • Clothing purchased from retail stores and is then designed and manufactured to set size and colour specifications.
  • Point-Of-Sale (Pos)
  • A system used at checkout in retail stores using computers and cash registers to capture transaction data at the time and place of sale.
  • Same-Store Sales
  • A retail measure used to assess the true performance of retail outlets by taking out the effect of new store openings and only looking at sales growth of existing stores.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Fabric, Craft & Sewing Supplies Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Fabric, Craft & Sewing Supplies Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Fabric, Craft & Sewing Supplies Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Fabric, Craft & Sewing Supplies Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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