Party Supply Rental Market by Type (Corporate Functions, Family Events, NGOs), Product (Audio-Visual, Beverage Servers, Cooking Equipment), Distribution - Global Forecast 2024-2030

Party Supply Rental Market by Type (Corporate Functions, Family Events, NGOs), Product (Audio-Visual, Beverage Servers, Cooking Equipment), Distribution - Global Forecast 2024-2030

The Party Supply Rental Market size was estimated at USD 14.13 billion in 2023 and expected to reach USD 16.22 billion in 2024, at a CAGR 14.96% to reach USD 37.50 billion by 2030.

The party supply rental services provide the necessary resources for a particular party or event. These can include renting event venues, including a building or room space, tables, chairs, tents, cooking, and sound equipment. These equipment and supplies are rented by organizations and individuals for the success of their event. The rise in disposable income of individuals worldwide and the growing trend of event celebrations are accelerating the use of party supply rentals. However, the concerns associated with thefts and damage to rental products may adversely impact the party supply rental businesses. Besides, the availability of customized rental solutions and packages is expected to encourage the use of party supply rentals.

Regional Insights

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 the 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 Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Party Supply Rental Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

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

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Party Supply Rental Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Party Supply Rental Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

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.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Party Supply Rental Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

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, Bright Event Rentals, LLC, 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 Piñata 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, and Ventura Rental Center.

Market Segmentation & Coverage

This research report categorizes the Party Supply Rental Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Corporate Functions
Conferences
Corporate Parties
Education & University Events
Fundraisers
Hospitality
Trade Shows
Family Events
Anniversary Parties
Baby Showers
Bachelor Party
Birthday Parties
Family Reunions
Graduation Parties
Weddings
NGOs
Product
Audio-Visual
Beverage Servers
Cooking Equipment
Décor
Flooring & Staging
Glassware & Food Service Supplies
Lighting, Heaters & Fans
Portable Bars
Social Distancing Supplies
Soft Play Zone / Fun Activities
Tables, Chairs & Cloths
Tents & Umbrellas
Wedding Décor
Distribution
Offline
Online
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year