$6.9bn
$X.Xbn
114k
94,293
$X.Xbn
Over the past five years, rising disposable income and a temporary spike in the marriage rate didn’t do much to support demand for event planners, as most consumers and businesses lost their footing following a period of economic volatility. When social distancing guidelines eased, party and event planners experienced a moderate surge as clients who postponed their events during the pandemic were eager to celebrate. This temporary advancement was not enough for party planners to significantly recover, with revenue rising at a CAGR of just 0.1% over the past five years. Revenue will total $6.8 billion in 2024, when it will contract 0.8%.
Industry revenue has grown at a CAGR of 0.1 % over the past five years, to reach an estimated $6.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Abigail Kirsch | 39.4 | 5.6 | 14.3 | |
Marquee Event Group Inc. | 3.9 | 0.4 | 9.7 | |
Arena Events Group Plc | 0.8 | 0.1 | 9.7 |
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Industry revenue is measured across several distinct product and services lines, including Weddings, Birthday parties and Corporate social events. Weddings is the largest segment of the Party & Event Planners in the US.
Demand from corporate social events has been volatile
This industry comprises independent companies and individuals that organize parties, weddings, corporate dinners and other social gatherings for households, businesses and nonprofits.
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NAICS 81299 - Party & Event Planners in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Consumers are increasingly going the DIY route for event planning. Economic turbulence has pushed individuals to save costs by planning events for themselves, facilitated by ...
Learn about an industry's products and services, markets and trends in international trade.
Birthday party planning is less commonly outsourced. More households are opting to plan personal birthday parties themselves, causing a steady drop in the revenue share for p...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
This distribution of establishments follows the population and income levels in a state or region. For this reason, the Southeast region of the US has the largest number of e...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The industry is highly fragmented. The level of competition varies depending on the particular geographic region and market segment a company serves.
Learn about the performance of the top companies in the industry.
High market fragmentation and a wide variety of services are offered to prevent notable major party and event planners from controlling the industry. Successful party and eve...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Event planners must comply with applicable laws and regulations that vary depending on the event location, time and type of event. Laws regarding serving food and alcohol are...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Cost structures vary between event planners and their specialties. The size, location and number of services a party and event planner offers will significantly affect their ...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Party & Event Planners in the US industry in United States is $6.9bn in 2024.
There are 94,293 businesses in the Party & Event Planners in the US industry in United States, which has declined at a CAGR of 11.6 % between 2019 and 2024.
The market size of the Party & Event Planners in the US industry in United States has been growing at a CAGR of 0.1 % between 2019 and 2024.
Over the next five years, the Party & Event Planners in the US industry in United States is expected to grow.
The biggest companies operating in the Party & Event Planners market in United States are Abigail Kirsch, Marquee Event Group Inc. and Arena Events Group Plc
Organizing corporate social events and Organizing weddings are part of the Party & Event Planners in the US industry.
The company holding the most market share in United States is Abigail Kirsch.
The level of competition is moderate and steady in the Party & Event Planners in the US industry in United States.