Party Supply Rental Market To Reach $32.03 Billion By 2030

Party Supply Rental Market Growth & Trends

The global party supply rental market is expected to reach USD 32.03 billion by 2030, exhibiting a CAGR of 11.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. the significant rise in event planning and management activities. The events industry, encompassing everything from weddings to corporate gatherings, has seen a considerable expansion. With events becoming more elaborate and specialized, the need for varied and high-quality party supplies has surged. Consumers and businesses alike are increasingly turning to professional event planners who, in turn, rely heavily on rental companies to provide the necessary equipment and supplies. This trend is especially prominent in large-scale events like weddings, conferences, and festivals, where the logistics and cost of purchasing all the required supplies outright are prohibitive.

Renting party supplies is far more cost-effective and convenient than purchasing items, especially for one-time events. Many event hosts are looking for ways to cut costs without compromising on the quality of the event. Renting allows them to access high-end products like designer tableware, luxury linens, and custom decor at a fraction of the purchase price. Additionally, renting offers a hassle-free experience. Most rental companies provide delivery, setup, and pickup services, reducing the burden on the event host. This convenience is particularly appealing for individuals and businesses hosting large or complex events.

The growing desire for customization and personalization in events is another factor driving the demand for party supply rentals. Today’s consumers are looking for unique and personalized experiences, whether it’s a wedding, birthday party, or corporate event. Rental companies are responding to this trend by offering a wide array of customizable options, from themed decor to bespoke furniture and lighting. This ability to tailor events to specific tastes and themes without the commitment of purchasing items is highly appealing. It allows event hosts to create distinctive, memorable experiences while avoiding the financial and logistical burden of buying and storing custom items.

The rise in destination weddings and other travel-based events has also contributed to the growing demand for party supply rentals. When hosting events far from home, transporting large quantities of supplies is often impractical. Renting locally at the event destination is a more efficient solution. This trend has been particularly noticeable in the wedding industry, where couples often choose exotic or far-flung locations for their ceremonies and receptions. Rental companies in popular destination areas have seen significant growth as a result, as they provide everything needed to create a memorable event in a remote location.

Corporate events, including conferences, product launches, and team-building activities, have become more experiential in nature. Companies are increasingly using these events as opportunities to create immersive brand experiences that resonate with their audiences. This shift has led to a greater demand for specialized rental items, such as branded decor, custom staging, and advanced audio-visual setups.

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Party Supply Rental Market Report Highlights

• Tables & chairs party supply rental dominated the market due to their essential role in providing seating and dining arrangements for various events. Their high demand stems from their necessity in almost every event type, from weddings to corporate gatherings.  

• Weddings held the largest market share due to their high demand for elaborate and personalized setups, including custom decor, luxury furnishings, and themed elements. The significant investment in creating a memorable experience drives substantial rental needs.

• The Asia Pacific market held the largest revenue share and is expected to retain its dominance over the forecast period. The region's expanding middle class and rising demand for premium and customized event setups further bolster market growth.

Party Supply Rental Market Segmentation

Grand View Research has segmented the globalparty supply rental market based on product, event type, end-use, and region:

Party Supply Rental Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Tables & Chairs

• Tents & Canopies

• Crockery & Cutlery

• Lighting & Decor

• Linens

• Audio-visual Equipment

• Dance Floors & Stages

• Heating & Cooling Equipment

• Others

Party Supply Rental Event Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Corporate Events

• Weddings

• Private Parties

• Public Events

• Educational Events

• Others

Party Supply Rental End-use Channel Outlook (Revenue, USD Billion, 2018 - 2030)

• Individuals

• Corporate & Commercial

• Event Planners

• Caterers & Hospitality Providers

Party Supply Rental Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • Australia & New Zealand

  • South Korea

• Central & South America

  • Brazil

• Middle East & Africa (MEA)

  • South Africa

List of Key Players of the Party Supply Rental Market

• CORT Party Rental Corporation

• Chase Canopy Company Inc.

• Marquee Event Group LLC

• Bright Event Rentals LLC

• Quest Event LLC

• Avalon Tent

• Stuart Event Service Inc

• Hall's Rental Service Inc

• All Occasions Party Rental Inc

• A Classic Party Rental