Corporate Conference Surge Boosts Party Product Rental Market Growth: Strategic Insights Driving Party Product Rental Market Momentum in 2025

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How Large Will the Party Product Rental Market Size By 2025?
In the last few years, the party product rental market has seen quick expansion. Its size is expected to increase from $2.5 billion in 2024 to $2.79 billion in 2025, with a compound annual growth rate (CAGR) of 11.7%. The significant development in the past can be attributed to various factors such as economic situations, consumer spending habits, changes in demand due to seasonality, advancements in rental technologies, and the level of competition.

How Big Is the Party Product Rental Market Size Expected to Grow by 2029?
Anticipated fast-paced expansion is on the horizon for the party product rental market, which is projected to reach a valuation of $4.34 billion by 2029, with a compound annual growth rate of 11.7%. Accelerated growth during the forecast period can be connected to several factors, such as the rise in event hosting, the affordability and convenience of product rentals, increased variety, growth in the event planning sector, urban development and smaller residential spaces, as well as the trend towards customization and personalization. The forecast period is also expected to witness several key trends including an expansion of the rental market, sustainable party supplies, customization possibilities, virtual party offerings, environmental-friendly rental services, DIY party kits, and themed party packages.

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Which Key Market Drivers Powering Party Product Rental Market Expansion and Growth?
The escalating number of corporate meetings and events is anticipated to fuel the advancement of the party product rental market in the future. These organized events are usually designed to foster networking, boost professional growth, and promote knowledge exchange among staff, clients, or industry professionals. These assemblies are gaining prominence due to their potential to expedite business networking, professional growth, and knowledge dissemination opportunities for corporations and individuals. Party product rental services render crucial facilities and amenities including audiovisual equipment, furniture, and decor during these events, ensuring seamless execution of the event and fostering an environment encouraging networking and interaction. Specifically, in September 2023, a survey conducted amongst 500 professionals by the US-based travel management company, American Express Global Business Travel, revealed that 67% of firms forecast a rise in overall event spending in 2024, a surge from 65% in 2023. Moreover, 10% of these firms foresee an increment in expenditure of 11% or above. Furthermore, 70% of participants anticipate that the number of attendees will revert to the 2019 levels by 2024, a rise from 67% in 2023. The escalating number of corporate meetings and events is projected to fuel the upswing of the party product rental market.

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Which Fast-Growing Trends Are Poised to Disrupt the Party Product Rental Market?
Leading enterprises in the party product rental market are shifting their focus towards personalized and themed event packages in order to meet changing consumer tastes and secure a market edge. Personalized event packages consist of tailor-made sets of themed decor intended to produce a unified ambience, inclusive of banners, lighting, and other decorative elements. For example, in September 2023, US-based company Wilton Brands LLC, renowned for supplying baking and party products, unveiled a new range of Halloween kits aimed at invigorating bakers and party organizers during the fall season. These kits come with special features including adjustable décor components, simple guidelines, and themed patterns, so customers can effortlessly create unforgettable events. The latest additions comprise a vampire decorating set, skull candy toppings, tall Halloween candy toppings, along with shiny pumpkin icing decoratives that enhance Wilton's existing collection of seasonal baking equipment, decorating tools, candy coatings, icing, toppings, and consumable decor. Wilton's items are excellent for social gatherings, family events, or innovative culinary activities, and commit to bringing a festive atmosphere to any Halloween festivity.

What Are the Emerging Segments in the Party Product Rental Market?
The party product rentalmarket covered in this report is segmented -

1) By Type: Audiovisual, Beverage Servers, Cooking Equipment, Flooring And Staging, Lighting, Other Types
2) By Application: Corporate Functions, Family Events, Non Governmental Organization (NGOs)
3) By Customer: Individual Consumers, Event Planners, Corporate Clients, Government And Municipalities, Caterers And Catering Services

Subsegments:
1) By Audiovisual: Sound Systems, Projectors And Screens, Microphones, Speakers, Video Conferencing Equipment
2) By Beverage Servers: Drink Dispensers, Bar Equipment, Coffee And Tea Stations, Water Stations
3) By Cooking Equipment: Grills And BBQs, Ovens And Stoves, Refrigeration Equipment, Food Warmers, Fryers
4) By Flooring And Staging: Dance Floors, Temporary Flooring, Stage Platforms, Modular Staging, Podiums And Risers
5) By Lighting: Ambient Lighting, Stage Lighting, LED Lights, Spotlights, Decorative Lighting
6) By Other Types: Furniture Rentals (Tables, Chairs, Lounge Furniture), Tents And Canopies, Decor Items (Floral Arrangements, Centerpieces), Heaters And Fans, Portable Restrooms

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Who Are the Global Leaders in the Party Product Rental Market?
Major companies operating in the party product rental market are CORT Party Rental, Chase Canopy Company Inc., Marquee Event Group, Bright Event Rentals LLC, The Party Rent Group, Broadway Party Rentals Inc, All Occasions Party Rental, Party Reflections Inc, Atlas Event Rental, Stuart Event Rentals, Big D Party Rentals, Event Source JBK Group Inc, Avalon Tent and Party Corp, A Classic Party Rental, Baker Party Rentals, Classic Party Rentals, J & J Tent And Party Rental, Cabaret Tent and Party Rental, AAA Party Rentals, Bethel Party Rentals, Pleasanton Rentals Inc, Ventura Rental Party & Events, Ultimate Events and Party Rentals, Diamond Event & Tent, Signature Party Rentals

Which are the Top Profitable Regional Markets for the Party Product Rental Industry?
North America was the largest region in the party product rental market in 2024. The regions covered in the party product rental market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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