Art of war: Industry performance has been mitigated by increased online competition

Art Supply Stores sell a diverse range of art products, such as art mediums; canvases and surfaces; art tools and accessories; and sculpting and modeling supplies. Due to its fragmented nature, the industry is not necessarily driven by product-specific trends, but rather by broad macroeconomic variables. However, individual segments do respond to specific shifts in artists' preferences regarding medium and the surface used. Over the five years to 2018, rising income has boosted demand throughout the entire retail industry. However, art supply stores are experiencing increasing competition from big-box retailers and online competitors, limiting gains from increased spending. Over the five years to 2023, the industry is forecast to continue to decline...purchase to read more.

Industry Statistics & Market Size
Revenue
$707m
Annual Growth 13-18
-4.3%
Forecast Growth 18-23
Profit
Employment
5,050
Businesses
2,716
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Increases in consumer spending and time spent on leisure and sports will be mitigated by intense external competition
  • Decreasing time spent on leisure and sports has negatively affected demand for industry products
  • Competition from external retailers, specifically e-commerce websites, will increase
  • Industry Report - Industry Locations Chapter

    Like most retail industries in the United States, the geographical spread of establishments in the Art Supply Stores industry closely reflects the dispersal of the national population. A larger number of residents in a given region generally dictates stronger demand for art supplies. As the majority of industry companies are small-scale operations, they cater to their surrounding local or regional markets. Based on US Census Bureau data and IBISWorld estimates, the Southeast is expected to account for the largest share of industry establishments 27.4% of the total in 2018. Similarly, the region is home to 25.7% of the national population. Florida leads the region in terms of industry establishments, containing an expected 8.7% o...purchase to read more.

    Additional Insights for the Art Supply Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Art Supply Stores Industry are

  • Ability to control stock on hand
  • Access to niche markets
  • Attractive product presentation
  • IBISWorld analysts also discuss how external factors such as commerce sales and Per capita disposable income in the Art Supply Stores industry impact industry performance..

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    What's in this report

    What is the Art Supply Stores Industry?

    The industry comprises specialty stores that sell art supplies, specifically for professional artists, art students and art hobbyists.

    Industry Products
  • Paints and mediums
  • Canvases and surfaces
  • Drawing and illustration supplies
  • Tools and equipment
  • Other materials and supplies
  • Industry Activities
  • Retailing art mediums (e.g. oils, ink and paint)
  • Retailing canvas and surfaces (e.g. easels and sketch books)
  • Retailing art tools and accessories (e.g. easel stands and brushes)
  • Retail sculpting and modeling supplies (e.g. clay)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • commerce sales
  • Per capita disposable income
  • Consumer Confidence Index
  • Time spent on leisure and sports

  • Current Performance
  • External competition intensifies
  • Constrained leisure time
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Online competition
  • An expanding market
  • Table: Art Supply Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Art Supply Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Fine Arts Schools

  • Key Selling Industries
  • Art & Office Supply Manufacturing

  • Products & Services
  • Paints and mediums
  • Canvases and surfaces
  • Drawing and illustration supplies
  • Tools and equipment
  • Other materials and supplies
  • Chart: Art Supply Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 45 to 64
  • Consumers aged 25 to 44
  • Consumers aged 65 and older
  • Consumers aged 24 and younger
  • Chart: Major Market Segmentation for the Art Supply 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 Art Supply Stores

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Art Supply Stores Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Art Supply 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 Art Supply Stores Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • E-commerce sales (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Craftsperson
  • An individual who purchases products for arts and crafts projects (e.g. not a professional, amateur, art student or aspiring artists)
  • Medium
  • Type of material an individual uses for making art (e.g. paint, oil or pencil)
  • Point Of Sale
  • A system used at checkout in retail stores using computers and cash registers to capture transaction data at the time and place of sale
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Art Supply Stores Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    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 Art Supply 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 Art Supply 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 Art Supply Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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