1. Market Research
  2. > Clothing and Textile
  3. > Men's Clothing Market Trends

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

  • April 2017
  • 33 pages
  • Ibisworld
Report ID: 209185

Summary

Table of Contents

Search Inside

Cheap suit: Revenue is expected to rise, but low-cost imports will limit industry growth

Formal Wear & Costume Rental in the US

The Formal Wear and Costume Rental industry has lost footing over the five years to 2017, as rising external competition and the falling marriage rate have caused industry revenue to decline.

Furthermore, inexpensive imports are diverting consumers away from rental services by allowing them to purchase the same goods at little more than the cost of renting.

Over the five years to 2022, revenue is expected to continue declining as a steep annualized decline in the marriage rate and increased online-based competition will continue to push unprofitable companies to exit the industry.

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. 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.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Menswear in Thailand

  • $ 912
  • Industry report
  • February 2017
  • by Euromonitor International

Whilst menswear has a smaller base than womenswear, value growth in menswear was also slower than in womenswear in 2016. Thai men tend to buy apparel less frequently and be less fashion-conscious compared ...

Menswear in Turkey

  • $ 912
  • Industry report
  • February 2017
  • by Euromonitor International

Menswear registered a weaker performance compared with womenswear in 2016. The main reason behind the weaker performance of menswear was men’s lower enthusiasm for apparel shopping compared with women. ...

Menswear in Austria

  • $ 912
  • Industry report
  • February 2017
  • by Euromonitor International

In 2016, menswear, like womenswear, posted a marginal current value decline. Although men paid more attention to their appearance and became an attractive target group for manufacturers and retailers, ...

Menswear In The Us

February 2017 $ 912

Menswear In Saudi Arabia

February 2017 $ 912

Menswear In Israel

February 2017 $ 912

Download Unlimited Documents from Trusted Public Sources

Men's Clothing Forecast in the UK

  • January 2017
    3 pages
  • Men's Clothing  

  • United Kingdom  

View report >

Apparel Industry in China

  • January 2017
    34 pages
  • Apparel  

    Sportswear  

  • China  

View report >

Global Underwear Markets

  • July 2016
    6 pages
  • Underwear  

  • United States  

    World  

View report >

Global Underwear Markets

10 months ago

Related Market Segments :

Apparel

ref:plp2017

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.