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Formal Wear & Costume Rental in the US - Industry Market Research Report

Formal Wear & Costume Rental in the US

Revenue for the Formal Wear and Costume Rental industry has increased over the five years to 2019, backed by growth in the industry's overall customer base. However, rising external competition and the falling marriage rate have offset industry growth. Furthermore, inexpensive imports are diverting consumers away from rental services by enabling them to purchase the same goods for only slightly more than the cost of renting. Over the five years to 2024, revenue is expected to decline. A sharp decline in the marriage rate during the coming five-year period, combined with increased online-based competition, will likely drive down industry revenue and push unprofitable companies to exit.

Establishments in this industry primarily rent attire such as formal wear, costumes and other clothing to end consumers. This industry does not include companies that primarily sell these items, nor does it include Internet-based companies. This industry also does not include companies that primarily launder and supply uniforms and work apparel; these operators are included in the Industrial Laundry and Linen Supply industry (IBISWorld report 81233).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.


TABLE OF CONTENTS


ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

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