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

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

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


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

MAJOR COMPANIES
Tailored Brands Inc.
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Country=UnitedStates Industry=Men'sClothing ParentIndustry=ClothingAndTextile Date=201704 Topic=MarketReport Publisher=Ibisworld Price=1000