Fabric, Craft & Sewing Supplies Stores in Canada - Market Research Report (2013-2028)
New York, United States
Last Updated: August 2023
NAICS 45113CARevenue
$860.0m
Past 5-Year Growth
Profit
$XX.Xm
Employees
6,836
Businesses
1,315
Wages
$XXX.Xm
Fabric, Craft & Sewing Supplies Stores in Canada industry analysis
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.
Trends and Insights
- Fabrics and other craft supplies have become increasingly popular among downstream consumers, driven primarily by rising per capita disposable income and increased consumer confidence. Nevertheless, rising external competition is expected to siphon sales from industry operators.
- DIY trends have supported demand for industry products. Fabrics have specifically benefited from this trend as consumers have undertaken making their own clothes.
- Everyday consumers account for an overwhelming proportion of industry revenue. Therefore, the geographic distribution of industry establishments essentially mimics the distribution of the overall Canadian population.
- Price, product offerings and customer service are key strategies for stores to differentiate themselves. Store size affects which strategy will be successful.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has declined at a CAGR of 2.0 % over the past five years, to reach an estimated $860.0m in 2023.
Trends and Insights
Increasing interest in crafting benefits the industry
- In recent years, there has been a growing interest in arts and crafts fuelled by a variety of factors including an increase in the median age of the Canadian population, rising per capita disposable income levels, increasing retail sales and a larger variety of products available at industry-relevant establishments.
- Additional trends and insights available with purchase
Industry outlook (2024-2029)
Market size is projected to decline over the next five years.
Trends and Insights
Mounting competition leads to consolidation
- Online retailers, such as Amazon.com and Alibaba.com, have advantages over traditional brick-and-mortar stores.
Biggest companies in the Fabric, Craft & Sewing Supplies Stores in Canada
| Company | Market Share (%)
2023 | Revenue ($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.
Products & Services Segmentation
Fabric, Craft & Sewing Supplies Stores in Canada
Products & Services
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.
Trends and Insights
Fabric's revenue share has increased slightly
- The fabrics product segment includes natural and synthetic fabrics Consumers typically use fabrics for activities, such as apparel making, home decor and quilting projects.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Home Furnishings Stores in Canada
- Handbag, Luggage & Accessory Stores in Canada
Complementors
- Men's Clothing Stores in Canada
- Women's Clothing Stores in Canada
- Hobby & Toy Stores in Canada
International industries
- Fabric, Craft & Sewing Supplies Stores in the US
- Manchester Retailing in Australia
- Manchester Retailing in New Zealand
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Retailing fabricRetailing patternsRetailing sewing suppliesRetailing upholstery materials Retailing yarnsRetailing needlecraft suppliesRetailing sewing craft suppliesRetailing seasonal decorationsRetailing sewing machinesCompanies
FabriclandCotton Candy Quilts and SewingThe Michaels Companies Inc.Purchase this report to view all 3 major companies in this industry.
Related Terms
DO-IT-YOURSELF (DIY)NOTIONSAME-STORE SALESBIG-BOX STOREBABY BOOMERPOINT-OF-SALE (POS)OFF-THE-RACKIndustry Code
NAICS 451130 - Fabric, Craft & Sewing Supplies Stores in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Fabrics and other craft supplies have become increasingly popular among downstream consumers, driven primarily by rising per capita disposable income and increased consumer co...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
DIY trends have supported demand for industry products. Fabrics have specifically benefited from this trend as consumers have undertaken making their own clothes.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2023
- Product innovation level
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Everyday consumers account for an overwhelming proportion of industry revenue. Therefore, the geographic distribution of industry establishments essentially mimics the distri...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each province in 2023
- Number and share of revenue each province accounts for in 2023
- Number and share of wages each province accounts for in 2023
- Number and share of employees in each province in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
Price, product offerings and customer service are key strategies for stores to differentiate themselves. Store size affects which strategy will be successful.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
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.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Fabricland's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Cotton Candy Quilts and Sewing's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of The Michaels Companies Inc.'s performance by revenue, market share and profit margin from 2017 through 2023
Detailed analysis
- Description and key data for Fabricland, and factors influencing its performance in the industry
- Description and key data for Cotton Candy Quilts and Sewing, and factors influencing its performance in the industry
- Description and key data for The Michaels Companies Inc., and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
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...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
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...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Assets (2016-2021)
- Liabilities (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
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.
What data sources do IBISWorld analysts use?
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:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
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:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
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.
How does IBISWorld forecast its data?
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.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Fabric, Craft & Sewing Supplies Stores industry in Canada in 2024?
The market size of the Fabric, Craft & Sewing Supplies Stores industry in Canada is $860.0m in 2024.
How many businesses are there in the Fabric, Craft & Sewing Supplies Stores in Canada industry in 2023?
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.
Has the Fabric, Craft & Sewing Supplies Stores industry in Canada grown or declined over the past 5 years?
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.
What is the forecast growth of the Fabric, Craft & Sewing Supplies Stores industry in Canada over the next 5 years?
Over the next five years, the Fabric, Craft & Sewing Supplies Stores industry in Canada is expected to decline.
What are the biggest companies in the Fabric, Craft & Sewing Supplies Stores market in Canada?
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.
What does the Fabric, Craft & Sewing Supplies Stores in Canada include?
Retailing fabric and Retailing patterns are part of the Fabric, Craft & Sewing Supplies Stores industry.
Which companies have the highest market share in the Fabric, Craft & Sewing Supplies Stores in Canada?
The company holding the most market share in Canada is Fabricland.
How competitive is the Fabric, Craft & Sewing Supplies Stores industry in Canada?
The level of competition is high and increasing in the Fabric, Craft & Sewing Supplies Stores industry in Canada.
