$5.1bn
$XXX.Xm
68,924
34,753
$XXX.Xm
The Fabric, Craft and Sewing Supplies Stores industry has been navigating a transforming landscape marked by evolving consumer preferences and technological advancements. Recently, there's been a notable upswing in interest in DIY projects, which has been instrumental in maintaining consumer engagement. Shoppers increasingly seek personalized and unique items, driving them to craft their own products. This trend has provided an essential buffer against the broader challenges of the retail sector. Industry revenue has hiked at a CAGR of 0.2% over the past five years and is expected to total $5.1 billion in 2024, when revenue will hike by an estimated 0.7%.
Industry revenue has grown at a CAGR of 0.2 % over the past five years, to reach an estimated $5.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Michaels Companies, Inc. | 1,120.5 | 118.8 | 10.6 | |
Hobby Lobby Stores Inc. | 944.1 | 64.2 | 6.8 | |
Jo-Ann Stores Inc. | 939.1 | 62.6 | 6.7 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Fabrics, Sewing and craft supplies and Patterns and other. Fabrics is the largest segment of the Fabric, Craft & Sewing Supplies Stores in the US.
Fabrics account for the majority of industry revenue
Companies in this industry primarily retail sewing and craft supplies, fabrics, patterns, yarns, needlework accessories, seasonal decorations and sewing machines. Stores that sell sewing machines with other household appliances are excluded from this industry.
Purchase this report to view all 3 major companies in this industry.
NAICS 45113 - Fabric, Craft & Sewing Supplies Stores in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
External competition has pressured growth. Large retailers and e-commerce platforms have drawn customers away from traditional fabric and craft stores by offering low prices,...
Learn about an industry's products and services, markets and trends in international trade.
Fabrics account for most industry revenue. The growing do-it-yourself (DIY) fashion trend has significantly bolstered demand for fabrics and sewing and craft supplies, furthe...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The population of a state or region is a key component for choosing a location. Setting up shop in a densely populated area boosts a company's visibility and store foot traff...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Price, product offering and customer service are key strategies for stores to differentiate themselves. The size of the store affects which strategy will be successful.
Learn about the performance of the top companies in the industry.
Michael’s, Jo-Ann and Hobby Lobby dominate the industry. These larger stores have captured a significant market share because they benefit from economies of scale and brand r...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Fabric, craft and sewing supplies stores must adhere to common labor and safety laws. The industry is not subject to many industry-specific regulations.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Purchases are the industry's largest cost. To enhance profitability, store owners should negotiate favorable prices and maintain strong relationships with suppliers, especial...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Fabric, Craft & Sewing Supplies Stores in the US industry in United States is $5.1bn in 2024.
There are 34,753 businesses in the Fabric, Craft & Sewing Supplies Stores in the US industry in United States, which has grown at a CAGR of 5.2 % between 2019 and 2024.
The market size of the Fabric, Craft & Sewing Supplies Stores in the US industry in United States has been growing at a CAGR of 0.2 % between 2019 and 2024.
Over the next five years, the Fabric, Craft & Sewing Supplies Stores in the US industry in United States is expected to grow.
The biggest companies operating in the Fabric, Craft & Sewing Supplies Stores market in United States are Michaels Companies, Inc., Hobby Lobby Stores Inc. and Jo-Ann Stores Inc.
Fabrics and Sewing and craft supplies are part of the Fabric, Craft & Sewing Supplies Stores in the US industry.
The company holding the most market share in United States is Michaels Companies, Inc..
The level of competition is moderate and steady in the Fabric, Craft & Sewing Supplies Stores in the US industry in United States.