Hobby & Toy Stores

Operators in the Hobby and Toy Stores industry retail a variety of products such as dolls, electronic toys, games, hobby kits and craft supplies. Industry revenue is expected to trend upward over the five years to 2022 due to the expansion in customer base, which is young children and their demand for industry products. However, despite growth in household finances, competition from e-commerce channels and mass merchandisers has absorbed much of the increased demand for industry products because these operators can offer low prices and one-stop shop convenience. Additionally, discount stores have emerged as the leading hobby and toy retailers during the five-year period. In 2020, despite the COVID-19 (coronavirus) outbreak that posed more challenges to industry operators as some industry establishments were required to temporarily shut down, industry demand somewhat benefited from the need for at-home entertainment amid the shelter-in-place mandates. With the rollout of coronavirus vac