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Hobby & Toy Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hobby & Toy Stores Market Research Report | NAICS 45112 | May 2016

Not playing around: Competition will intensify and subdue growth as disposable income levels recover

IBISWorld’s Hobby & Toy Stores market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$20bn
Annual Growth 11-16
1.8%
Annual Growth 16-21
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Profit
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Employment
144,433
Businesses
17,918
Industry Analysis & Industry Trends

Over the five years to 2016, the Hobby and Toy Stores industry has struggled to fully rebound from recessionary lows, even as the overall economy strengthens. Competition from discount department stores and e-commerce channels has absorbed the increased demand for industry products by offering low prices and a one-stop-shop experience. Accordingly, discount stores have become the leading hobby and toy retailers during the five-year period. Despite the extremely competitive environment, the industry is expected to experience growth in the five years to 2021. Armed with deeper pockets, consumers are expected to increase their expenditure on toys and hobby supplies... purchase to read more

Industry Report - Industry Analysis Chapter

The Hobby and Toy Stores industry has crafted sluggish revenue growth over the past five years. Operators in this industry retail a variety of toys and hobby goods, including dolls, electronic toys, games, hobby kits and craft supplies. Over the five years to 2016, industry operators have struggled to recover from recessionary lows, despite improving economic conditions. As consumer income rose, the competitive landscape intensified and operators both in and out of the industry fought to win over consumers. Competition from discount department stores and online retailers eroded industry sales and profitability, as lower-priced comparable products increasingly lured away customers from traditional industry operators... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hobby & Toy Stores Industry?

Operators in this industry sell a broad range of toy and hobby goods, such as traditional dolls and toys, electronic toys (including video and electronic games), board games, hobby kits and craft supplies. These goods are retailed to the general public after they are purchased from domestic and international manufacturers and wholesalers. Companies that primarily retail used toys, fabric and sewing supplies or children’s apparel and furniture are not included in this industry.

Industry Products
ToysHobby, craft and art suppliesKitchenware and home furnishingsGames (including electronic and video games)Seasonal decorations
 
Industry Activities
Retailing craft suppliesRetailing hobby goodsRetailing magic suppliesRetailing toysRetailing traditional and electronic games


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