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

Rapid Market Growth

• The party supply rental market size surged from $11.23 billion in 2023 to $12.84 billion in 2024.
• Expected to grow at a CAGR of 14.3%.
• Growth driven by increased social events, economic growth, rising disposable income, urbanization, and growing population.

Future Market Projections

• Forecasted to reach $21.99 billion by 2028 at a CAGR of 14.4%.
• Growth attributed to advancements in online booking platforms, themed parties, corporate events, and premium services.
• Major trends include sustainability, customization, augmented reality integration, enhanced customer experience, and expanded inventory.

Expanding Event Budgets Fuel Market Growth

• Increased event budgets driving the demand for party supplies.
• Immersive experiences and higher attendee expectations boost spending.
• Survey by American Express Global Business Travel highlights a significant rise in event spending for 2024.
• 67% of companies foresee an increase in event spending, with 10% anticipating over 11% rise.

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Key Industry Players

• Leading companies: CORT Party Rental Corporation, Chase Canopy Company Inc., Marquee Event Group LLC, and others.
• Focus on customization and personalization to meet diverse event needs.

Customized Tent Rental Services

• Major companies offering customized tent rentals to enhance customer satisfaction.
• Services include various tent sizes, styles, and accessories.
• Example: Jump Monkey’s Party Rental launched a new tent rental service in Houston, Texas, offering marquee and pole tents.

Strategic Acquisitions

• In March 2023, Chair-Man Mills Corp. acquired Higgins Event Rentals.
• Acquisition aimed to enhance product offerings and expand market reach.
• Both entities focus on delivering outstanding product variety, quality, and service to various customers.

Market Segmentation

• By Type: Tableware and linens, decorations and decor, furniture and seating, tents and canopies, audio and visual equipment, party games and entertainment, catering equipment, themed party supplies, dinnerware and glassware, outdoor cooking and grilling equipment.
• By Events or Occasions: Weddings, birthdays, corporate events, seasonal events, graduations, outdoor events, baby showers, anniversaries, festivals and fairs, other events or occasions.
• By Customer: Individual consumers, event planners, corporate clients, nonprofit organizations, government and municipalities, caterers and catering services.

Regional Insights

• North America was the largest region in the party supply rental market in 2023.

The party supply rental market is poised for significant growth, driven by expanding event budgets, technological advancements, and a focus on customization and sustainability. With key players continuously enhancing their offerings, the market is set to thrive in the coming years.

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The Party Supply Rental Global Market Report 2024  provides an overview of the party supply rental market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The party supply rental market forecast analyzes party supply rental market size, party supply rental market share, leading competitor and their market positions.

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