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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 | Apr 2014

Game changer: Higher incomes will boost sales, but external competition will constrain growth

The Hobby & Toy Stores market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 09-14
0.2%
Annual Growth 14-19
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Profit
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Employment
123,878
Businesses
16,691
Industry Analysis & Industry Trends

Continuing a trend from the past five years, independent hobby and toy stores will find it increasingly challenging to compete with mass merchandisers and department stores, which offer lower prices and convenience. Over the next five years, changing consumer preferences will create tough market conditions for industry operators, as children begin to demand more adult-focused products, like electronics and media players. Still, greater demand from baby boomers and increasing disposable incomes will benefit the industry... 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 2019, industry value added, which measures the industry's contribution to national GDP, is expected to increase at an annualized rate of 1.1%. This rate indicates that the industry will likely grow slowly, as the total US economy is expected to grow by an estimated 2.7% annually on average during the same period. Over the 10 years to 2019, IBISWorld expects decreased demand for industry products and a reduction in the total number of industry enterprises to characterize the industry; these factors both indicate an industry in decline.

By providing comparable products at low prices, large external retailers have attracted price-sensitive customers away from this industry... 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 retail used toys, fabric and sewing supplies, or children's apparel and furniture are not included in this industry.

Industry Products
Traditional toys and gamesElectronic and video gamesHobby and craft suppliesOther products and services
 
Industry Activities
Retailing craft suppliesRetailing hobby goodsRetailing magic suppliesRetailing toysRetailing traditional and electronic games


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