Party and Event Rental - Market Scope
Tenants hire a musician or band to perform and pass the hat to earn money to pay their rent at a Party and Event Rental. These events provided a place for black residents to eat, dance, and get away from the hardships and discrimination they faced daily. The Event Rental contributed significantly to the development of jazz and blues music, as well as swing dancing. Furthermore, Party & Event Rental services are affordable, allowing clients to stay within their budget and possibly even have some money left over for splurging.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | A Classic Party Rental (United States), All Occasions Party Rental (United States), Avalon Tent (United States), Baker Party Rentals (United States), Big D Party Rentals (United States), Bright Event Rentals, LLC (United States), Celebration Party Equipment Rentals, Inc. (United States), CORT Party Rental (United States), Diamond Event & Tent (Utah) and J&S Party Rental (United States) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
A Classic Party Rental (United States), All Occasions Party Rental (United States), Avalon Tent (United States), Baker Party Rentals (United States), Big D Party Rentals (United States), Bright Event Rentals, LLC (United States), Celebration Party Equipment Rentals, Inc. (United States), CORT Party Rental (United States), Diamond Event & Tent (Utah) and J&S Party Rental (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are La Pinata Party Rental, Inc (United States), Montana Party Rentals (United States), Party Reflections (United States), Pico Party Rents (United States) and RentalHosting.com (Texas).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Party and Event Rental - market by Type , by Application (Party, Banquet, Corporate event and Others) and Region with country level break-up.
On the basis of geography, the market of Party and Event Rental - has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In December 2023, Airbnb Experiences and Peerspace Team up to offer unique event spaces for rent through Airbnb Experiences, expanding the options available for hosts and providing more diverse venues for gatherings.
In October 2023, RentLend launches an online platform for peer-to-peer rental of party and event equipment, connecting owners directly with event planners, offering a cost-effective and convenient alternative to traditional rental companies.
Influencing Trend:
Integration of Artificial Intelligence (AI) Technology
Market Growth Drivers:
Adopting Modern Lifestyle and Celebrating Every Small and Big Occasion, A Large Number of Sponsors and Growing Corporate Culture Is Parallels
Challenges:
Higher Competition in the Market and Lack of Design Options
Restraints:
Required large initial investment
Opportunities:
Introducing new products and technology
Key Target Audience
Party and Event Rental Organizer, Party and Event Rental Companies, Party and Event Rental Investors and Corporate Entities