Expanding Event Budgets Fuel Growth In Party Supply Rental Market: Core Growth Enabler in the Party Supply Rental Market, 2025

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What Will the Party Supply Rental Industry Market Size Be by 2025?
The market size of party supply rentals has seen a significant rise in the past few years. It is set to expand from $12.84 billion in 2024 to $14.71 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 14.6%. This appreciable growth in the historic period is a result of factors like the increase in social events, economic progress, an uptick in disposable income, urban development, and a surge in population.

What's the Long-Term Growth Forecast for the Party Supply Rental Market Size Through 2029?
Expectations suggest a swift escalation in the size of the party supply rental market over the next few years. Projected growth sets the market at $25.12 billion by 2029, with a compound annual growth rate (CAGR) of 14.3%. This rate of expansion during the forecast period is likely due to the advancement of online booking platforms, a rising demand for themed parties and corporate events, and an increased need for premium services. Some major trends predicted for this period include a focus on sustainability, a demand for customization, integration of augmented reality, improved customer experience, and the growing scope of rental inventory.

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What Are the Key Growth Drivers Fueling the Party Supply Rental Market Expansion?
The party supply rental market is predicted to expand due to increased spending on event expenses. This increase in event spending is fueled by greater demand for truly engaging encounters, intensified competition, and the obligation to meet raised expectations of attendees. The money allocated for event spending is used to acquire party supplies, aimed at improving the attendee experience through varied and captivating decorations and accessories. As an example, a survey conducted by American Express Global Business Travel in September 2023 involving 500 professionals revealed that 67% of firms anticipate a growth in total event expenditure in 2024, a slight increase from 65% in 2023. In addition, about 10% of these firms predict a rise in spending by 11% or more. Looking ahead, 70% of the survey respondents foresee attendee figures reverting to the 2019 levels by 2024, an increase from 67% in 2023. As such, the party supply rental market is set to thrive due to increased budgets dedicated to event expenses.

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What Are the Key Trends Driving Party Supply Rental Market Growth?
Leading firms in the party supply rental market are shifting their focus towards customization and personalization services like tent rental to enhance customer satisfaction through dependable and effective service. By offering a variety of tent sizes, styles, and extras, tent rental services let event planners create unforgettable experiences regardless of any weather or location challenges. An example of this occurred in May 2024 when Jump Monkey's Party Rental, an American party equipment rental business, introduced a new tent rental service in Houston, Texas. This service presents a variety of marquee and pole tents in different sizes and styles, suitable for a broad array of events such as weddings, business conferences, family get-togethers, and community activities. Jump Monkey's Party Rental also provides an extensive range of tables and chairs, granting customers the ability to tailor the arrangements and decorations to their liking.

How Is the Party Supply Rental Market Segmented?
The party supply rental market covered in this report is segmented -

1) By Type: Tableware And Linens, Decorations And Decor, Furniture And Seating, Tents And Canopies, Audio And Visual Equipment, Party Games And Entertainment, Catering Equipment, Themed Party Supplies, Dinnerware And Glassware, Outdoor Cooking And Grilling Equipment
2) By Events Or Occasions: Weddings, Birthdays, Corporate Events, Seasonal Events, Graduations, Outdoor Events, Baby Showers, Anniversaries, Festivals And Fairs, Other Events Or Occasions
3) By Customer: Individual Consumers, Event Planners, Corporate Clients, Nonprofit Organizations, Government And Municipalities, Caterers And Catering Services

Subsegments:
1) By Tableware And Linens: Tablecloths, Napkins, Table Runners, Chair Covers, Placemats, Table Settings (Plates, Cutlery, Cups)
2) By Decorations And Decor: Balloons, Streamers, Banners, Centerpieces, Wall Hangings, String Lights, Candles, Flower Arrangements
3) By Furniture And Seating: Chairs (Folding, Lounge, Chiavari), Tables (Banquet, Cocktail, Round, Rectangular), Sofas And Lounge Furniture, Ottomans, Benches
4) By Tents And Canopies: Frame Tents, Pole Tents, Marquee Tents, Canopy Covers, Party Pavilions
5) By Audio And Visual Equipment: Speakers And Sound Systems, Microphones (Wired And Wireless), Projectors, Screens, Lighting (Stage Lighting, Ambient Lighting), Audio Mixers
6) By Party Games And Entertainment: Inflatable Games (Bouncy Castles, Obstacle Courses), Carnival Games, Photo Booths, Karaoke Machines, Giant Jenga, Cornhole Boards
7) By Catering Equipment: Chafing Dishes, Food Warmers, Serving Trays And Platters, Buffet Stations, Drink Dispensers, Beverage Stations (Coffee Urns, Water Coolers), Ice Machines
8) By Themed Party Supplies: Themed Props (Birthdays, Weddings, Holidays), Themed Tableware And Decor, Party Favors, Costume Rentals, Photo Booth Props
9) By Dinnerware And Glassware: Plates (Dinner, Salad, Dessert), Bowls (Soup, Salad, Serving), Glasses (Wine, Champagne, Water, Tumblers), Cutlery (Forks, Knives, Spoons), Mugs, Pitchers
10) By Outdoor Cooking And Grilling Equipment: Grills (Charcoal, Gas, Electric), Bbq Smokers, Outdoor Ovens, Grilling Accessories (Tongs, Brushes), Propane Tanks, Outdoor Cooking Stations

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Which Companies Are Leading the Charge in Party Supply Rental Market Innovation?
Major companies operating in the party supply rental market are CORT Party Rental Corporation, Chase Canopy Company Inc., Marquee Event Group LLC, Bright Event Rentals LLC, Quest Events LLC, Hartmann Studios Inc, Stamford Tent & Event Services Inc, Hall's Rental Service Inc, All Occasions Party Rental Inc, Party Reflections Inc, Stuart Event Rentals Inc, Event Source Inc, Avalon Event Rentals Inc, Baker Party Rentals, Classic Party Rentals LLC, Elite Party Rentals Inc, Abbey Tent & Party Rentals Inc, Diamond Event and Tent LLC, Gervais Party and Tent Rentals Inc, Prime Event Group Inc, Signature Party Rentals LLC, The Fun Ones Inc, Total Events LLC, US Event Structures Inc, Xtreme Fun Rentals Inc, Platinum Event Rentals LLC, Ventura Rental Center Inc.

Which Regions Are Leading the Global Party Supply Rental Market in Revenue?
North America was the largest region in the party supply rental market in 2023. The regions covered in the party supply rental market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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