Key Takeaways
- The global hobby and craft supplies market was valued at USD 52.4 billion in 2022 and is projected to reach USD 74.8 billion by 2030, growing at a CAGR of 4.6%.
- In 2023, the U.S. hobby and toy industry generated $38.5 billion in revenue, marking a 7.2% increase from 2022.
- The model hobby market worldwide reached $12.3 billion in 2023, with a forecasted CAGR of 5.1% through 2028.
- 38% of U.S. adults aged 18-34 participated in crafting hobbies in 2023, compared to 22% of those over 65.
- Women account for 72% of hobby crafters in the U.S., spending an average of $450 annually on supplies.
- 45 million Americans engaged in model building hobbies in 2023, with 60% being male.
- 65% of crafting hobby sales in U.S. came from online channels in 2023, totaling $28.7 billion.
- Board games segment captured 22% of hobby market share globally in 2023, $13.2 billion revenue.
- Arts & crafts kits accounted for 35% of U.S. hobby retail sales, $15.4 billion in 2023.
- Online hobby sales U.S. reached $22.4 billion in 2023, 58% of total revenue.
- Hobby Lobby U.S. revenue: $5.2 billion 2023, crafts 60% of sales.
- Michaels stores crafts revenue: $4.1 billion, yarn and fabric 25% share.
- 75% of hobbyists plan to increase spending in 2024 due to social media influence.
- Sustainability drives 62% of crafters to choose eco-friendly supplies by 2025.
- VR integration in hobbies projected to add $5 billion market by 2030.
The global hobby market is thriving and projected for strong continued growth.
Consumer Demographics
Consumer Demographics Interpretation
Market Size & Growth
Market Size & Growth Interpretation
Popular Hobby Segments
Popular Hobby Segments Interpretation
Sales and Revenue
Sales and Revenue Interpretation
Trends and Future Projections
Trends and Future Projections Interpretation
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