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Fabric, Craft & Sewing Supplies Stores in the US - Industry Market Research Report

  • July 2016
  • -
  • Ibisworld
  • -
  • 34 pages

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Stitch by stitch: The DIY fashion trend will support demand, but rising competition may limit growth



Abstract

Fabric, Craft & Sewing Supplies Stores in the US

Companies in the Fabric, Craft and Sewing Supplies Stores industry have fought through tough conditions over the five years to 2016. Strong competition from discount department stores and e-tailers eroded demand, taking away some of its market share. Additionally, significant fluctuations in input costs have resulted in uncertain revenue streams and moderate fluctuations in revenue on a yearly basis. However, improving economic conditions have kept revenue on a positive trajectory. Over the next five years, industry demand is projected to increase as rising discretionary spending by consumers promotes spending on industry merchandise. The aging baby boomer demographic and continued popularity of do-it-yourself (DIY) fashion are also expected to support demand over the period. However, rising competition from e-commerce and online auction websites will relatively hamper the industry's long-term growth.

Operators 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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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