Hobby & Toy Stores in the US - Industry Market Research Report

Hobby & Toy Stores in the US - Industry Market Research Report

  • May 2021 •
  • 43 pages •
  • Report ID: 198931 •
  • Format: PDF
Game on: Increases in household finances have facilitated industry revenue growth

Abstract

Hobby & Toy Stores in the US
The Hobby and Toy Stores industry performance has been trending up over the five years thanks to the growth in household finances. However, competition from e-commerce channels and mass merchandisers has absorbed much of the increased demand for industry products, as these operators are able to offer low prices at one-stop-shop convenience. Additionally, discount stores have emerged as the leading hobby and toy retailers during the five-year period. Despite an extremely competitive environment both internally and externally, the industry is expected to continue its upward trend over the five years to 2024. Overall, IBISWorld forecasts industry revenue to expand. The anticipated growth is attributed to the growth in time spent on leisure and sports.

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), boardgames, 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.

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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