$7.3bn
$XXX.Xm
36,377
9,353
$X.Xbn
Party Supply Rental providers rent tables, chairs, audio equipment, tents and other related supplies to host events. Through the end of 2024, rising disposable income and growth in downstream markets have spurred demand for events that require party supplies. However, the pandemic hurt sales as large gatherings were prohibited to prevent the virus spread. Nonetheless, a mixture of robust growth in marriage rates, coupled with pent-up consumer demand following the pandemic, enabled a rapid recovery for rental providers. Revenue is expected to swell at a CAGR of 1.8% to $7.3 billion through the end of 2024, despite a forecast dip of 0.2% in 2024.
Industry revenue has grown at a CAGR of 1.8 % over the past five years, to reach an estimated $7.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Bright Event Rentals, Llc | 90.5 | 16.8 | 18.6 | |
Party Rental Ltd. | 36.8 | 2.9 | 8.0 | |
DC Party Rentals LLC | 2.8 | 0.2 | 8.0 |
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Industry revenue is measured across several distinct product and services lines, including Rental of tableware, decorations and balloons, Rental of costumes, party favors and other social event products and Other rentals. Rental of tableware, decorations and balloons is the largest segment of the Party Supply Rental in the US.
Strong desire for social gatherings strengthens appeal of tableware, decorations and balloon rentals
Party supply rental services rent out tables, chairs, flatware, linens, centerpieces, stages, tents, canopies and other items for public and private parties and events.
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NAICS 53228 - Party Supply Rental 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.
Robust growth in the national marriage rate accelerates revenue growth. More consumers getting married created robust demand for wedding supply rentals, boosting sales.
Learn about an industry's products and services, markets and trends in international trade.
Pent-up demand during the pandemic influences high rental rates. Consumers' propensity to host social gatherings skyrocketed following the pandemic, which created a boom in r...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Highly populated areas are popular with rental providers. Regions that house significant population centers are more appealing to rental servicers looking to secure a steady ...
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.
Maintaining consumer-friendly price points exacerbates internal competition. Rental services that offer a market-friendly rental price for their goods will have an advantage ...
Learn about the performance of the top companies in the industry.
No companies own more than a 5.0% share of the market. High operating costs and exposure to large economic volatility have discouraged major growth among rental servicers.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The continuous fall in the marriage rate impacts event capacity. As more potential consumers push weddings toward later years, it dampens demand for niche events such as wedd...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Inflationary pressures dampen profitability. As consumers' purchasing power falls, they will cut back on the quantity of party supplies in a social gathering, negatively infl...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Party Supply Rental in the US industry in United States is $7.3bn in 2024.
There are 9,353 businesses in the Party Supply Rental in the US industry in United States, which has grown at a CAGR of 1.0 % between 2019 and 2024.
The market size of the Party Supply Rental in the US industry in United States has been growing at a CAGR of 1.8 % between 2019 and 2024.
Over the next five years, the Party Supply Rental in the US industry in United States is expected to grow.
The biggest companies operating in the Party Supply Rental market in United States are Bright Event Rentals, Llc, Party Rental Ltd. and DC Party Rentals LLC
Rental of tableware, decorations and balloons and Rental of costumes, party favors and other social event products are part of the Party Supply Rental in the US industry.
The company holding the most market share in United States is Bright Event Rentals, Llc.
The level of competition is moderate and steady in the Party Supply Rental in the US industry in United States.