Hobbies, nearly all of us have some kind of pastime activity that refreshes and even fulfills our lives. Some of these are stay-at-home projects; some are only do-able outdoors; some we do alone and some are more fun in groups. Most of us have our “thing” and we tend to stay with it for the long term.
So how big is this industry that provides us the things we need to do our favorite thing?
We did a little research on how much revenue is generated in the industry at a national level and while it’s clearly a very limited list - it’s still eye opening.
How about the pastime known as reading? The Association of American Publishers says, their “sales revenue has grown annually; 2010’s $27.94 billion is a 5.6% increase over 2008.”
The “model railroad, plastics & die cast, radio control” association had $1.5 billion in revenue in 2010. That’s a lot of trains and planes and helicopters!
Michaels Stores, the largest arts and crafts chain In America reported sales of over $4 billion in 2010. While net income was off from the year before, the company which has 1,045 stores plans to add another 35-40 stores this year.
In 2010, JoAnn Fabric & Craft Stores had 751 stores in 48 states offering a complete selection of fabric and an edited assortment of crafts, artificial floral, finished seasonal and home décor merchandise. as well as custom framing and educational programs in their 235 larger stores. Their combined revenue was $2.45 billion.
"Hobby Lobby" Stores, a national retailer selling arts and crafts supplies, fabrics, baskets, silk flowers, needlework, picture framing, party supplies, furniture, and related items plans to expand into four states next year as the 40-year-old crafts retailer approaches its 500th location with annual revenues of $2.2 billion in 2010.
Toys"R"Us operates about 875 Toys “R” Us and Babies “R” Us stores in the United States; more than 600 international stores and over 140 licensed stores in 35 countries and jurisdictions. They reported $13.9 billion in 2010.
In 2009, over $10 billion of was spent by coin collectors on regular bullion coin issued by the US (or any other) government that has been certified for authenticity by an independent third party
The golf industry is projected to bring in revenues of $21.6 billion in 2011!
Based on this partial list, Americans are spending something over $83.5 billion a year. Which works out to be just under $300 per year for every man, woman and child in the country! Even though our list is way short of what all of the pastime expenditures are likely to be; when you think about less than a dollar a day for all the benefits they bring us - aren't these life-refreshing activities an amazing bargain?
We would love to hear from you about your favorite pastime (or your club)! In fact, if you go to our "Your Coupon Stories" page, you can share your hobby (whether or not there's a coupon involved). Just click here and let us in on your story!