The U.S. economy has no doubt seen the effects and, as I see it will, continue to see the effects of a recession for a few more years. We have seen the car industry slow down and General Motors as well as other companies fall to their knees and beg for help, but are there other industries that may be hurting for attention on a lesser scale? Black Thread at www.blackthreads.blogspot.com shared the quilting industry statistics on how much the average quilter as well as the dedicated quilter spends yearly on their hobby.
This survey that was taken took place back in 2006 when our country was beginning to see signs of slowing down. The quilting industry, in three years, had grown from 21.3 million quilters to 27 million quilters. What a great growth rate! I think that the biggest aspect that attracts people and plants a desire and interest to quilt is the intricate designs and elaborate color patterns that make a beautiful final product. It is no wonder the community is growing!
If there are 27 million quilters then I can not imagine how much money they are spending each year. According to this survey in 2006 they spent on average 3.3 billion. Billion with a "B"! Until I read this survey I never truely understood how much a billion was. I mean, yes, don't get me wrong I understood it I just never was able to grasp the large amount of money that included. One billion, just one billion, equals 100 millions! That blows my mind, and to top it all off it is 3.3 billion dollars. We quilters could take over the world!
The way I see it, this industry will continue to grow even in financial tough times. Do intense football fans put away their satellite or high definition when the money is tight? Or do woman stop buying their makeup and buy a lesser shampoo brand during tough times? No! They find a way to make it happen. It is one of those "non negotiable" categories. The way quilters look at their hobby is the same way that football fans look toward their big screen tvs. Having said that, I definitely do not believe that the industry will grow at rates as high as was seen years prior. The growth will continue to rise but at a lower rate.