Fabric, Craft & Sewing Supplies Stores in Canada
The Fabric, Craft and Sewing Supplies Stores industry in Canada has experienced revenue growth over the five years to 2019, driven primarily by rising levels of per capita disposable income, which has increased consumers' propensity to spend on discretionary industry products. Nonetheless, strong external competition from online sales of fabric and other craft supplies has tempered the industry's revenue growth during the period. In recent years, industry profit margins have expanded as a result of growing demand from downstream consumers and modest declines in various input prices. The industry is projected to continue expanding over the five years to 2024, though at a modest rate. Despite relatively weak revenue growth, increased operating efficiency among leading industry operators is anticipated to preserve industry profit margins.
This industry 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.
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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