$860.0m
$XX.Xm
6,836
1,315
$XXX.Xm
The Fabric, Craft and Sewing Supplies Stores industry in Canada has experienced contracting revenue over the next five years, driven primarily by intense and increasing external competition from online sales of fabric and other craft supplies. This decline comes despite rising per capita disposable income levels, which typically increase consumers' propensity to spend on discretionary products. Nonetheless, industry revenue is estimated to decrease an annualized 2.0% to $860.0 million over the five years to 2023, including an estimated 1.1% decline in 2023 alone.In recent years, the average industry profit margin has remained high due to growing demand from downstream consumers and modest declines in various input prices. Consequently, profit, measured as earnings before interest and taxes, is estimated to account for 7.9% of industry revenue in 2023, though this is a decrease from 10.3% in 2018. However, high profit has been significantly offset by mounting external competition and ongoing consolidation activity among prominent players.The industry is anticipated to continue declining, albeit more slowly, over the next five years as online retailers will likely satisfy a growing share of consumer demand for industry products. For instance, the E-Commerce and Online Auctions industry in Canada (IBISWorld report 45411aCA), which is a source of intense competition for the industry, will likely proliferate over the next five years. Ultimately, industry revenue is forecast to fall an annualized 0.3% to $847.0 million over the five years to 2028. Despite relatively weak revenue growth, increased operating efficiency among leading stores will preserve industry profit. At the same time, the industry's largest chain, particularly the industry's major player, the Michaels Companies, is expected to leverage its economies of scale to increase market share, causing the industry to remain consolidated over the next five years.
Industry revenue has declined at a CAGR of 2.0 % over the past five years, to reach an estimated $860.0m in 2023.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Fabricland | 19.0 | N/A | N/A | |
Cotton Candy Quilts and Sewing | 0.6 | N/A | N/A | |
The Michaels Companies Inc. | N/A | N/A | N/A |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Fabric, Craft & Sewing Supplies Stores in Canada
Industry revenue is measured across several distinct product and services lines, including Fabrics, Sewing supplies and Craft supplies. Fabrics is the largest segment of the Fabric, Craft & Sewing Supplies Stores in Canada.
Fabric's revenue share has increased slightly
The Fabric, Craft and Sewing Supplies Stores industry in Canada sells 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 451130 - Fabric, Craft & Sewing Supplies Stores in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Fabrics and other craft supplies have become increasingly popular among downstream consumers, driven primarily by rising per capita disposable income and increased consumer co...
Learn about an industry's products and services, markets and trends in international trade.
DIY trends have supported demand for industry products. Fabrics have specifically benefited from this trend as consumers have undertaken making their own clothes.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Everyday consumers account for an overwhelming proportion of industry revenue. Therefore, the geographic distribution of industry establishments essentially mimics the distri...
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 offerings and customer service are key strategies for stores to differentiate themselves. Store size affects which strategy will be successful.
Learn about the performance of the top companies in the industry.
Michaels dominates the industry. This chain has been able to capture a significant market share as the company benefits from economies of scale and brand recognition.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Fabric, Craft and Sewing Supplies Stores industry in Canada does not directly benefit from any specific government assistance or protection. Many industry associations an...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
An industry operator's cost structure varies based on size, location, product inventory and other factors. For example, rent expenses can vary considerably according to the s...
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 Canada 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 industry in Canada is $860.0m in 2024.
There are 1,315 businesses in the Fabric, Craft & Sewing Supplies Stores industry in Canada, which has declined at a CAGR of 1.9 % between 2018 and 2023.
The market size of the Fabric, Craft & Sewing Supplies Stores industry in Canada has been declining at a CAGR of 2.0 % between 2018 and 2023.
Over the next five years, the Fabric, Craft & Sewing Supplies Stores industry in Canada is expected to decline.
The biggest companies operating in the Fabric, Craft & Sewing Supplies Stores market in Canada are Fabricland, Cotton Candy Quilts and Sewing and The Michaels Companies Inc.
Retailing fabric and Retailing patterns are part of the Fabric, Craft & Sewing Supplies Stores industry.
The company holding the most market share in Canada is Fabricland.
The level of competition is high and increasing in the Fabric, Craft & Sewing Supplies Stores industry in Canada.