The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Party Product Rental Global Market Report 2024 offers crucial insights into the party product rental market help businesses analyse and build stronger strategies.

Impressive Market Expansion

• Market size grew from $2.23 billion in 2023 to $2.5 billion in 2024.
• Compound annual growth rate (CAGR) of 12.1%.
• Driven by economic conditions, consumer spending, seasonal demand, technology, and competition.

Projected Future Growth

• Expected to reach $3.96 billion by 2028.
• CAGR of 12.2%.
• Factors include event hosting increase, cost-effectiveness, urbanization, customization trends, and the rise of the event planning industry.

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Key Trends in the Party Product Rental Market

Sustainability and Innovation

• Sustainable party supplies gaining traction.
• Customization options becoming more popular.
• Virtual party packages and eco-friendly rentals on the rise.
• DIY and themed party kits becoming mainstream.

Corporate Conferences Fueling Market Growth

Increased Corporate Event Spending

• Corporate events facilitate networking and professional development.
• Party rental services provide essential equipment for seamless events.
• Survey by American Express Global Business Travel highlights increased event spending and attendee numbers in 2024.

Leading Companies in the Market

Top Market Players

• Major companies: CORT Party Rental, Chase Canopy Company Inc., Marquee Event Group, Bright Event Rentals LLC, The Party Rent Group, and more.
• Focus on providing a wide range of party rental products and services.

Customization and Themed Event Kits

Meeting Consumer Preferences

• Customized event kits cater to evolving preferences.
• Wilton Brands LLC introduced Halloween kits with customizable décor and themed designs.
• These kits simplify event planning and enhance customer experience.

Strategic Acquisitions

Enhancing Service Offerings

• Logistic Events Corporation acquired Diamonette Party Rental in January 2024.
• This acquisition expands Logistic Events’ portfolio and enhances service offerings in the party rental market.

Market Segmentation

Diverse Product Types and Applications

• Types: Audiovisual, Beverage Servers, Cooking Equipment, Flooring and Staging, Lighting, Other Types.
• Applications: Corporate Functions, Family Events, Non-Governmental Organizations (NGOs).
• Customer Segments: Individual Consumers, Event Planners, Corporate Clients, Government and Municipalities, Caterers, and Catering Services.

Conclusion
The party product rental market is experiencing rapid growth, driven by increasing event hosting, customization trends, and corporate event spending. Major players are focusing on sustainability and innovation to meet evolving consumer demands. Strategic acquisitions and market expansion are expected to further boost the industry, making it a dynamic and promising sector.

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The Party Product Rental Global Market Report 2024  provides a comprehensive outlook of the party product rental market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The party product rental market forecast offers a thorough analysis on party product rental market size, party product rental market share, prominent players and their strategies.

The Table Of Content For The Party Product Rental Market Include:
1. Party Product Rental Market Executive Summary
2. Party Product Rental Market Segments
3. Party Product Rental Market Size And Party Product Rental Market Growth Rate
4. Key Party Product Rental Market Trends
5. Major Party Product Rental Market Drivers
……
25. Key Mergers And Acquisitions In The Party Product Rental Market
26. Top Party Product Rental Companies
27. Party Product Rental Market Opportunities And Strategies
28. Party Product Rental Market, Conclusions And Recommendations
29. Appendix

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