PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1775049
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1775049
Global Party Supply Rental Market to Reach US$30.1 Billion by 2030
The global market for Party Supply Rental estimated at US$16.5 Billion in the year 2024, is expected to reach US$30.1 Billion by 2030, growing at a CAGR of 10.6% over the analysis period 2024-2030. Tables & Chairs, one of the segments analyzed in the report, is expected to record a 12.9% CAGR and reach US$8.7 Billion by the end of the analysis period. Growth in the Tents & Canopies segment is estimated at 8.4% CAGR over the analysis period.
The U.S. Market is Estimated at US$4.5 Billion While China is Forecast to Grow at 14.7% CAGR
The Party Supply Rental market in the U.S. is estimated at US$4.5 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$6.3 Billion by the year 2030 trailing a CAGR of 14.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.4% and 9.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.4% CAGR.
Global Party Supply Rental Market - Key Trends & Drivers Summarized
Why Is the Party Supply Rental Market Booming?
The party supply rental market is experiencing robust growth due to rising consumer spending on events, weddings, corporate gatherings, and themed celebrations. As people prioritize unique and memorable experiences, demand for high-quality rental items, including tables, chairs, linens, lighting, tents, and decor, continues to rise.
Additionally, cost-conscious consumers and businesses are opting for rental services rather than purchasing event supplies, driving market demand. The increasing popularity of destination weddings, luxury events, and eco-friendly celebrations is further fueling the expansion of the party supply rental industry.
How Are Digital Platforms and Customization Trends Transforming Party Supply Rentals?
The rise of digital marketplaces and online booking platforms is revolutionizing the party supply rental industry. Consumers can now browse inventories, compare pricing, and book rentals online, streamlining the planning process. AI-driven event planning tools and augmented reality (AR) solutions are enhancing the customer experience by allowing users to visualize event setups before finalizing orders.
Customization is another key trend, with rental companies offering tailored decor packages, themed setups, and personalized furniture arrangements. Demand for high-end, Instagram-worthy setups is driving innovation in rental offerings, particularly in the wedding and luxury event segments.
Is Sustainability and Reusability Driving Market Growth?
Sustainability is becoming a major focus in the party supply rental industry. Consumers are increasingly seeking eco-friendly options, such as biodegradable tableware, reusable decor, and energy-efficient lighting. Rental companies are capitalizing on this trend by offering sustainable alternatives to disposable party supplies.
Corporate clients are also prioritizing green event planning, driving demand for recyclable materials, zero-waste setups, and carbon-neutral event solutions. The shift toward circular economy principles is further reinforcing the rental model as a cost-effective and environmentally responsible alternative to single-use event purchases.
What’s Driving the Growth of the Party Supply Rental Market?
The growth in the party supply rental market is driven by rising consumer spending on social and corporate events, increasing demand for customizable event setups, and the expansion of online booking platforms. The shift toward sustainability and reusability is further shaping industry trends.
Additionally, the influence of social media and experiential event planning is driving innovation in rental offerings, with consumers seeking unique and visually appealing setups. As demand for high-quality, cost-effective event solutions continues to rise, the party supply rental market is expected to experience sustained growth.
SCOPE OF STUDY:
The report analyzes the Party Supply Rental market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Product Type (Tables & Chairs, Tents & Canopies, Crockery & Cutlery, Lighting & Decor, Linens, Audio-Visual Equipment, Heating & Cooling Equipment, Other Product Types); Event Type (Weddings, Corporate Events, Public Events, Educational Events, Private Parties, Other Event Types); End-Use (Individuals End-Use, Corporate & Commercial End-Use, Event Planners End-Use, Caterers & Hospitality Providers End-Use)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Select Competitors (Total 43 Featured) -
AI INTEGRATIONS
We're transforming market and competitive intelligence with validated expert content and AI tools.
Instead of following the general norm of querying LLMs and Industry-specific SLMs, we built repositories of content curated from domain experts worldwide including video transcripts, blogs, search engines research, and massive amounts of enterprise, product/service, and market data.
TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.