Party Supply Rental in the US - Industry Market Research Report

Party time: Recovering demand poised to accelerate profitability for suppliers

Party Supply Rental in the US

Party Supply Rental servicers rent tables, chairs, audio equipment, tents and other related supplies used to host events. Through the end of 2023, rising disposable income and growth in downstream markets have spurred demand for events that require supplies provided by servicers. However, COVID-19 hurt demand drastically as large gatherings were prohibited to prevent the virus spread. As restrictions continue to be lifted, demand is expected to rebound in 2023. Nonetheless, a mixture of inconsistent consumer demand and shaky economic conditions caused by COVID-19 is expected to cause revenue to inch downward at a CAGR of 1.1% to an estimated $6.3 billion through the end of 2023, including an expected boost of 0.2% in 2023.

Party supply rental services rent out tables, chairs, flatware, linens, centerpieces, stages, tents, canopies and other items for public and private parties and events.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.