The "Global Party Supply Rental Market by Type (Corporate Functions, Family Events, NGOs), Product (Audio-Visual, Beverage Servers, Cooking Equipment), Distribution - Forecast 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The Party Supply Rental Market grew from USD 14.13 billion in 2023 to USD 16.22 billion in 2024. It is expected to continue growing at a CAGR of 14.96%, reaching USD 37.50 billion by 2030.
The United States and Canada represent substantial markets within the Americas, each with their distinct characteristics but united by a common trend towards personalized and experience-centric events. In the United States, consumer demand is propelled by diverse cultural celebrations and an increasing tendency for lavish birthday parties, weddings, and corporate events. The trend toward DIY parties among American consumers influences the demand for unique and customizable rental options.
The party supply rental market in EU countries is marked by a high demand for eco-friendly and sustainable products, reflecting the region's strong focus on environmental concerns. Consumer purchasing behavior often leans towards quality over quantity, with a preference for high-end, durable items for events and parties.
The Middle East showcases a preference for opulent and extravagant celebrations, driving demand for luxurious party supplies and comprehensive event management services. The region is seeing a surge in investments geared towards enhancing event experiences through technology and innovation. The Asia Pacific region, covering major economies such as China, Japan, and India, exhibits unique consumer needs and purchasing behaviors in the party supply rental market. The demand in this region is driven by an increasing trend towards celebrating traditional and cultural festivals on a grand scale, coupled with the rising influence of Western lifestyles and celebrations.
Market Drivers
- Increases in personal disposable income and rising trend for elaborative celebrations
- Influence of social media and digital platforms for portraying personal lifestyle
- Rise in corporate parties and corporate events
Market Restraints
- Thefts, loss, and damages to the rental products
Market Opportunities
- Growing popularity and availability of customized party supply rentals
- Online introduction of party supply rental services
Market Challenges
- Rapidly changing consumer trends
Market Segmentation Analysis
- Product: Growing demand for audio-visual equipment in large entertainment events
- Distribution: Increasing preference for online distribution channels due to its convenience, variety, and competitive pricing
Recent Developments
Jump Monkey's Party Rental Is Offering Safe and Affordable Party Rentals in and Around Houston, TX
Jump Monkey's Party Rental, a Houston-based provider of party equipment rentals, has recently launched a new website and updated its inventory for the 2023 season. The company is expected to offer various inflatables and party supplies, including bounce houses, combo bouncers, water slides, games, tables and chairs, and concessions.
BabyQuip Enters Into Baby and Kids Party Gear Rentals
BabyQuip, the global marketplace for baby gear rentals, has recently launched BabyQuip Party. This national marketplace offers baby and kids party rentals in 45+ cities across the United States, just in time for birthdays, spring and summer parties, and holidays. BabyQuip Party aims to help families create a kid-friendly and fun-filled party environment while providing hosts with an affordable and commitment-free alternative to purchasing party gear.
Chair-man Mills Corp. partners with Higgins Event Rentals as part of commitment to serving the needs of Canada's top venues, caterers, event planners and corporate partners
Chair-man Mills Corp. (CMMC) partnered with Higgins Event Rentals, a well-established event rental company based in Toronto. This strategic partnership aims to enhance the ability of both companies to provide exceptional product selection, quality, and experience to Ontario's top venues, caterers, planners, and corporate clients.
Key Company Profiles
The report delves into recent significant developments in the Party Supply Rental Market, highlighting leading vendors and their innovative profiles. These include :
- A Classic Party Rental
- All City Rentals
- All Occasions Party Rental
- American Party Rental
- Avalon Tent
- BabyQuip
- Baker Party Rentals
- Big D Party Rentals
- Bright Event Rentals
- Celebration Party Equipment Rentals, Inc.
- Cheers Party Rentals
- CORT Party Rental
- Diamond Event & Tent
- Eventective, Inc.
- J&S Party Rental
- Jump Monkey's Party Rental
- Karlorent
- KM Party Rental
- La Pinata Party Rental, Inc
- Montana Party Rentals
- One Stop Party Store
- Party Reflections, Inc.
- Party Rentals, Inc.
- Pico Party Rents
- Pleasanton Rentals
- Premiere Events
- Reventals Event Rentals
- Sainath Decorators
- Taylor Rental
- Ventura Rental Center
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 192 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $16.22 Billion |
| Forecasted Market Value (USD) by 2030 | $37.5 Billion |
| Compound Annual Growth Rate | 14.9% |
| Regions Covered | Global |
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increases in personal disposable income and rising trend for elaborative celebrations
5.1.1.2. Influence of social media and digital platforms for portraying personal lifestyle
5.1.1.3. Rise in corporate parties and corporate events
5.1.2. Restraints
5.1.2.1. Thefts, loss, and damages to the rental products
5.1.3. Opportunities
5.1.3.1. Growing popularity and availability of customized party supply rentals
5.1.3.2. Online introduction of party supply rental services
5.1.4. Challenges
5.1.4.1. Rapidly changing consumer trends
5.2. Market Segmentation Analysis
5.2.1. Product: Growing demand for audio-visual equipment in large entertainment events
5.2.2. Distribution: Increasing preference for online distribution channels due to its convenience, variety, and competitive pricing
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis
6. Party Supply Rental Market, by Type
6.1. Introduction
6.2. Corporate Functions
6.3. Family Events
6.4. NGOs
7. Party Supply Rental Market, by Product
7.1. Introduction
7.2. Audio-Visual
7.3. Beverage Servers
7.4. Cooking Equipment
7.5. Decor
7.6. Flooring & Staging
7.7. Glassware & Food Service Supplies
7.8. Lighting, Heaters & Fans
7.9. Portable Bars
7.10. Social Distancing Supplies
7.11. Soft Play Zone / Fun Activities
7.12. Tables, Chairs & Cloths
7.13. Tents & Umbrellas
7.14. Wedding Decor
8. Party Supply Rental Market, by Distribution
8.1. Introduction
8.2. Offline
8.3. Online
9. Americas Party Supply Rental Market
10. Asia-Pacific Party Supply Rental Market
11. Europe, Middle East & Africa Party Supply Rental Market
12. Competitive Landscape
12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
12.3.1. Jump Monkey's Party Rental Is Offering Safe and Affordable Party Rentals in and Around Houston, TX
12.3.2. BabyQuip Enters Into Baby and Kids Party Gear Rentals
12.3.3. Chair-man Mills Corp. partners with Higgins Event Rentals as part of commitment to serving the needs of Canada's top venues, caterers, event planners and corporate partners
12.4. Strategy Analysis & Recommendation
13. Competitive Portfolio
13.1. Key Company Profiles
13.2. Key Product Portfolio
For more information about this report visit https://www.researchandmarkets.com/r/aaxd70
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View source version on businesswire.com: https://www.businesswire.com/news/home/20241009970732/en/
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