The craft and hobby industry is a vibrant sector of the global economy, with an estimated market size of $43.85 billion in 2019. North America dominates this market, accounting for over 32.8% share in 2020, while 63% of US households participated in at least one crafting project that same year. The DIY craft market was worth $38 billion in 2016 and the value of arts, entertainment, and recreation industry reached $110.67 billion by 2019 – indicating just how popular these activities are among Americans.
In addition to traditional crafts such as papercrafts (which held 31.9% share) or yarn/needle arts ($3B), 3D printing has become increasingly important within the hobby industry; its global market was valued at 13.4 billion USD in 2021 alone. Furthermore there were 7 879 specialized retailers across the United States last year – not to mention 1 8 million people attending art-related festivals – all contributing to a total revenue from specialty stores amounting up to 3 5 Billion U S Dollars back 2013 . Finally online sales have also been on rise , reaching 5 05 Billion U S Dollars only two years ago .
These figures demonstrate both how large this sector is but also how much potential it holds for further growth: according Grand View Research estimates ,the Global Arts & Crafts Market will grow at CAGR 5 5 % between 2021-2028 .
This statistic is a crucial indicator of the potential of the craft and hobby industry in the coming years. It shows that the global arts and crafts market is expected to experience steady growth, indicating that the industry is likely to remain a viable and profitable venture for those involved. This is an important piece of information for anyone interested in the craft and hobby industry, as it provides a glimpse into the future of the sector.
North America dominated the global arts and crafts market with over 32.8% share in 2020.
This statistic is a testament to the immense popularity of arts and crafts in North America, highlighting the region’s dominance in the global market. It is a key indicator of the craft and hobby industry’s success, and provides valuable insight into the industry’s growth and potential.
Craft And Hobby Industry Statistics Overview
63% of US households participated in at least one crafting project in 2020.
This statistic is a testament to the immense popularity of crafting projects in the US. It shows that crafting is not only a popular pastime, but also a major part of many households’ lives. This statistic is a great indicator of the potential for growth in the craft and hobby industry, as it demonstrates that there is a large and engaged audience for crafting products and services.
The global hobby market was valued at $43.85 billion in 2019.
This statistic is a testament to the immense size and potential of the craft and hobby industry. It shows that the industry is a major player in the global economy, and that it is a lucrative market for businesses to explore. It also serves as a reminder of the importance of the craft and hobby industry in providing people with creative outlets and opportunities to express themselves.
In 2020, the global craft supplies market size was valued at $30.33 billion.
This statistic is a testament to the immense size and potential of the craft supplies market. It highlights the fact that the craft and hobby industry is a major player in the global economy, and that it is a lucrative sector for businesses to invest in. This statistic is an important indicator of the industry’s growth and success, and it is essential for anyone interested in the craft and hobby industry to be aware of.
The DIY craft market in the United States was worth $38 billion in 2016.
This statistic is a testament to the immense size and potential of the craft and hobby industry in the United States. It shows that the DIY craft market is a lucrative and growing sector, with a value of $38 billion in 2016. This figure is a clear indication that the craft and hobby industry is an important part of the US economy and is a great opportunity for entrepreneurs and hobbyists alike.
The top four US craft retailers generated $18.48 billion in sales in 2016.
This statistic is a testament to the immense success of the craft and hobby industry in the United States. It shows that the top four craft retailers have been able to generate a staggering amount of revenue in 2016, demonstrating the immense potential of the craft and hobby industry. This statistic is a great indicator of the industry’s growth and potential for further success.
Yarn and needle arts (knitting and crocheting) represent a $3 billion market in the US.
This statistic is a testament to the immense size and potential of the craft and hobby industry in the US. It shows that yarn and needle arts are a major part of the industry, and that there is a large and growing market for these products. This is an important statistic for anyone interested in the craft and hobby industry, as it demonstrates the potential for growth and success in this sector.
In 2020, the United States craft beverage market was valued at $36 billion.
This statistic is a testament to the immense success of the craft beverage market in the United States. It shows that the industry is thriving and that it is a lucrative market for businesses to enter. This statistic is an important indicator of the potential for growth in the craft and hobby industry, and it is a valuable piece of information for anyone looking to invest in the sector.
In 2021, there were approximately 2,352 arts, crafts, and hobby stores in the US.
This statistic is a testament to the strength of the craft and hobby industry in the US. It shows that despite the challenges of the pandemic, there are still a significant number of stores dedicated to arts, crafts, and hobbies. This indicates that the industry is still thriving and that people are still interested in these activities. It also shows that the industry is resilient and can withstand difficult times.
In 2019, the value of the arts, entertainment, and recreation industry in the US was $110.67 billion.
This statistic is a testament to the immense value of the arts, entertainment, and recreation industry in the US. It highlights the importance of this sector in the US economy and the potential for growth in the craft and hobby industry. It also serves as a reminder of the potential for craft and hobby businesses to make a significant contribution to the US economy.
Roughly 29.2% of the US population regularly takes part in arts and crafts activities.
This statistic is a testament to the popularity of arts and crafts activities in the US, highlighting the potential of the craft and hobby industry. It shows that a significant portion of the population is engaged in these activities, making it a viable market for businesses to tap into.
In 2020, approximately 1.8 million people in the US attended an art, craft, or food and drink festival.
This statistic is a testament to the immense popularity of art, craft, and food and drink festivals in the US. It shows that despite the pandemic, people are still eager to attend these events and support the craft and hobby industry. This is a great sign for the industry, as it indicates that there is still a strong demand for these types of events.
Online sales of arts, crafts, and sewing products in the US reached $5.05 billion in 2019.
This statistic is a testament to the booming success of the craft and hobby industry in the US. It shows that the sector is thriving and that people are increasingly turning to online outlets to purchase arts, crafts, and sewing products. This is an important indicator of the industry’s health and provides valuable insight into the current state of the craft and hobby market.
The market size of the art supplies industry is expected to reach $43.85 billion in 2024.
This statistic is a testament to the immense potential of the craft and hobby industry. With the art supplies industry projected to reach $43.85 billion in 2024, it is clear that the craft and hobby industry is a lucrative and growing sector. This statistic serves as a reminder of the immense opportunities available to those who are willing to invest in the craft and hobby industry.
The paper crafts segment held the largest share of the global arts and crafts market in 2020, accounting for over 31.9% of the market.
This statistic is a testament to the immense popularity of paper crafts in the global arts and crafts market. It highlights the fact that paper crafts are a major player in the industry, and that they are likely to remain so in the foreseeable future. This is an important point to consider when discussing the craft and hobby industry, as it provides insight into the trends and preferences of consumers.
In the US, the crafting and hobby retail industry employed approximately 53,000 people in 2019.
This statistic is a powerful indicator of the impact the crafting and hobby retail industry has on the US economy. It shows that the industry is providing employment opportunities to a significant number of people, which is beneficial for the country’s overall economic growth. Additionally, it highlights the importance of the industry in providing jobs and contributing to the nation’s economic stability.
Specialty craft store revenue in the United States amounted to 3.5 billion U.S. dollars in 2013.
This statistic is a testament to the immense popularity of specialty craft stores in the United States. It shows that the craft and hobby industry is thriving, and that people are willing to invest in the materials and tools necessary to pursue their creative endeavors. This statistic is a great indicator of the potential for growth in the craft and hobby industry, and it is an important piece of information for anyone interested in the industry.
Conclusion
The craft and hobby industry is a thriving sector that has seen significant growth in recent years. The global arts and crafts market is expected to grow at a CAGR of 5.5% from 2021 to 2028, with North America dominating the market share in 2020. In addition, 63% of US households participated in at least one crafting project last year, while the DIY craft market was worth $38 billion in 2016. Furthermore, the value of the art supplies industry is projected to reach $43.85 billion by 2024 and specialty craft store revenue amounted to 3.5 billion U.S dollars back 2013 – demonstrating just how lucrative this sector can be for businesses operating within it as well as consumers who enjoy taking part in these activities on their own or with friends and family members alike.
References
0. – https://www.transparencymarketresearch.com
1. – https://www.forbes.com
2. – https://www.fred.stlouisfed.org
3. – https://www.prnewswire.com
4. – https://www.craftyarncouncil.com
5. – https://www.statista.com
6. – https://www.grandviewresearch.com
