Crafted well: As the percentage of business conducted online reaches a saturation point, revenue expansion will slow
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.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Hobby Lobby Stores Inc.
- Michaels Companies Inc.
- Amazon.Com Inc.
Methodology
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