Tuxedo Rental Market Report 2026

The tuxedo rental market size has grown strongly in recent years. It will grow from $1.46 billion in 2025 to $1.58 billion in 2026 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to growth of formal event culture, increasing preference for rental over ownership, expansion of organized fashion rental services, rising disposable income for premium events, wider availability of offline rental outlets.

The tuxedo rental market size is expected to see strong growth in the next few years. It will grow to $2.14 billion in 2030 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to increasing digital penetration in apparel rental, rising demand for eco-conscious fashion choices, expansion of destination weddings and events, growing acceptance of online fitting technologies, increasing demand for designer rental collections. Major trends in the forecast period include increasing adoption of online tuxedo rental platforms, rising demand for custom-fit and personalized rentals, growing popularity of sustainable and reusable formalwear, expansion of event-based short-term rental models, enhanced focus on convenience and home delivery.

The rising number of wedding celebrations is expected to propel the growth of the tuxedo rental market going forward. Wedding celebrations refer to the events and ceremonies held to commemorate the union of two individuals in marriage. The number of wedding celebrations is increasing as couples are investing more in unique experiences, upscale venues, and customized services, which is driving demand across various wedding-related industries. Tuxedo demand rises alongside wedding celebrations, as grooms, groomsmen, and guests seek elegant and coordinated formalwear to match the sophistication and style of these events. For instance, in March 2025, according to the Centers for Disease Control and Prevention (CDC), a US-based federal agency, 2,041,926 marriages were recorded in the United States in 2023. Therefore, the rising number of wedding celebrations is driving the growth of the tuxedo rental market.

Companies in the tuxedo rental market are leveraging advancements in digital technologies, such as AI-driven fit technology, to improve sizing accuracy, streamline the rental process, and offer a more personalized customer experience. AI-driven fit technology uses artificial intelligence to analyze body measurements and preferences, ensuring that clothing fits precisely. For instance, in March 2024, Generation Tux, a U.S.-based suit rental company, opened its first physical showroom in Columbus, Ohio, with plans to expand nationwide. The showroom provides personalized styling, expert consultations, and AI-driven fit technology for a seamless rental experience. Customers can also use digital tools such as a look builder and color recommendation system to customize their formalwear. This initiative blends the convenience of online services with in-store expertise, enhancing customer engagement, and the company is offering a 20% discount for in-person appointments.

In March 2023, The Black Tux, a U.S.-based fashion company specializing in tuxedo rentals, formed a partnership with Acceleration Partners to expand its affiliate marketing efforts. This collaboration is designed to increase brand visibility and attract a wider customer base within the tuxedo rental industry. Acceleration Partners is a marketing firm specializing in managing performance-driven campaigns for companies across various sectors.

Major companies operating in the tuxedo rental market report are Generation Tux, The Black Tux, National Tuxedo Rentals, TuxKit, Savvi Formalwear, Gentlemen’s Quarters Formalwear, Mr. Tux Tuxedos & Suits, International Tuxedo Rental, Jim’s Formal Wear, Friar Tux, Tuxedo Junction, Tip Top Tux, Dapper & Dashing, American Commodore Tuxedo, Tuxedo by Sarno, Skeffington’s Formalwear, Abe’s Formal Wear, Louie’s Tux Shop, CandidMen, 55 Express Tailor & Rental.

North America was the largest region in the tuxedo rental market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the tuxedo rental market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the tuxedo rental market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The tuxedo rental market includes revenues earned by entities by providing services such as tuxedo and suit rentals, customization options, dry cleaning and maintenance, delivery and pickup services, alterations, and fittings. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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