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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 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.

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 SWOT Analysis Chapter

The Hobby and Toy Stores industry is in the declining stage of its life cycle. Over the 10 years to 2021, industry value added, which measures the industry's contribution to national GDP, is expected to increase at an annualized rate of just 1.6%. This rate indicates that industry growth will not keep pace with inflation, as the total US economy is expected to grow by an estimated 2.2% annually on average during the same period. Over the 10 years to 2021, IBISWorld expects increased competition from external retailers and a reduction in the total number of industry enterprises to characterize the industry; these factors both indicate an industry in decline... 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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