State of the art: Industry revenue has risen despite increasing external competition

The Art Supply Stores industry has struggled with a difficult retail environment over the past five years. Demand for art supplies is generally sustained by schools, universities, professional artists and hobbyists. However, household spending on discretionary products, including art and craft materials, has been subdued due to weak consumer sentiment over the period. In addition, advances in technology have constrained demand in some industry segments. For example, professions related to architecture and graphic design, which traditionally used pencils and markers, have switched to computer-based programs. Industry revenue is expected to grow by an annualised 0.7% over the five years through 2017-18, to reach $283.2 million...read more.

Industry Statistics & Market Size
Revenue
$283m
Annual Growth 13-18
0.7%
Forecast Growth 18-23
Profit
Employment
1,238
Businesses
241

Industry Threats & Opportunities

  • The increasing use of computer-based programs in architecture and design has constrained demand
  • Competition from stationery retailers and online stores has intensified, depressing margins
  • Large industry firms are anticipated to expand their store networks over the next five years
  • Industry Report - Industry Key Buyers Chapter

    The Art Supply Stores industry exhibits a low level of market share concentration. In 2017-18, the four largest players in the industry are estimated to account for less than 40% of industry revenue. This is due to the highly fragmented nature of the industry, with many independent stores targeting professional artists.The industry targets a niche area of stationery supplies, which discourages the establishment of large chains. While Riot Art & Craft and Eckersley's Art & Craft have expanded their networks, such expansion is rare in the industry. Larger external competitors which also sell industry products tend to operate in the wider Stationery Goods Retailing industry, where major brands such as Officeworks dominate sales. The...purchase to read more.

    Additional Insights for the Art Supply Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Art Supply Stores Industry are

  • Effective cost controls
  • Proximity to key markets
  • Having a wide and expanding product range
  • IBISWorld analysts also discuss how external factors such as Real household discretionary income and Demand from education and training in the Art Supply Stores industry impact industry performance..

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    What's in this report

    What is the Art Supply Stores Industry?

    Firms in the industry primarily retail art supplies. The industry excludes general stationery retailers, department stores and online-only retailers.

    Industry Products
  • Paint and paintbrushes
  • Canvases, easels and furniture
  • Pens, pencils, crayons and markers
  • Specialty paper and card
  • Other art supplies
  • Industry Activities
  • Paint and paintbrush retailing
  • Canvas and board retailing
  • Specialty paper and card retailing
  • Craft supply retailing
  • Scrapbook retailing
  • Pen, pencil, crayon, marker and stamp-pad retailing
  • Other art supply retailing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Real household discretionary income
  • Demand from education and training
  • Consumer sentiment index
  • Demand from online shopping
  • Demand from stationery goods retailing

  • Current Performance
  • Demand trends
  • Profit and competition
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Profit
  • Competition
  • Industry participation
  • Table: Art Supply Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Art Supply Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Private Schools
  • Government Schools
  • Consumers

  • Key Selling Industries
  • Paint and Coatings Manufacturing
  • Paper Product Wholesaling
  • Paper Stationery Manufacturing

  • Products & Services
  • Pens, pencils, crayons and markers
  • Other art supplies
  • Paint and paintbrushes
  • Canvases, easels and furniture
  • Specialty paper and card
  • Chart: Art Supply Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 35 to 54
  • People aged 55 and over
  • People aged 15 to 34
  • Chart: Major Market Segmentation for the Art Supply Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Art Supply Stores

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Art Supply Stores Industry

  • Industry Globalization
    S & L Kurc Nominees Pty Ltd, Eckersley's Pty Limited,
  • Table: S & L Kurc Nominees Pty Ltd - financial performance
  • Table: Eckersley's Pty Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Art Supply Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Art Supply Stores Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Bricks-And-Mortar
  • A retailer that has a physical presence and storefront location.
  • Easel
  • A wooden frame for holding an artist's work while it is being painted or drawn.
  • Stationery
  • Writing and other office materials.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Art Supply Stores market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Art Supply Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Art Supply Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Art Supply Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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