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 2016, 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 2021, 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.
Men's Clothing Stores in the US
Women's Clothing Stores in the US
Children's & Infants' Clothing Stores in the US
Family Clothing Stores in the US
Lingerie, Swimwear & Bridal Stores in the US
Industrial Laundry & Linen Supply in the US
E-Commerce & Online Auctions in the US
Furniture, Appliance and Equipment Rental in Australia
Table Of Contents
Formal Wear and Costume Rental in the US - Industry Market Research Report
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 and MARKETS Supply Chain Products and 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
OPERATING CONDITIONS Capital Intensity Technology and Systems Revenue Volatility Regulation and Policy Industry Assistance
KEY STATISTICS Industry Data Annual Change Key Ratios