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Formal Wear & Costume Rental Industry Analysis

Identify industry changes, evaluate the market size, market outlook, trends, key players, and growth opportunities.

Contents Standard Report Premium Report
Industry Overview & Outlook . .
- Market Size
(industry trends)
. .
- Market Forecast   .
- Products/Services Breakdown   .
- Revenue per State . .
$ Financial Metrics . .
$ Salary & Compensation Benchmarks . .
@ Key Companies   .
- Industry News & Innovators   .
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2018 Market Analysis & Industry Outlook: Formal Wear & Costume Rental

Overview: the U.S. Formal Wear & Costume Rental Industry

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?

Market Size & Industry Statistics

The total U.S. industry market size for Formal Wear & Costume Rental: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.

market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Formal Wear & Costume Rental industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Rental Of Formal Wear, Costumes, And Accessories

Consumer Goods Rental And Leasing Related Services

Reselling Services For Merchandise, Retail

Other Services

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Formal Wear & Costume Rental company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Formal Wear & Costume Rental industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Formal Wear & Costume Rental measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 5%

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Chief Executives0%
General and Operations Managers4%
Sales and Related Occupations 42%
Supervisors of Sales Workers 6%
First-Line Supervisors of Sales Workers 6%
First-Line Supervisors of Retail Sales Workers 6%
Retail Sales Workers 32%
Counter and Rental Clerks and Parts Salespersons 23%
Counter and Rental Clerks 23%
Retail Salespersons 5%
Retail Salespersons 5%
Office and Administrative Support Occupations 19%
Information and Record Clerks 7%
Customer Service Representatives 6%
Customer Service Representatives 6%
Transportation and Material Moving Occupations 20%
Motor Vehicle Operators 11%
Driver/Sales Workers and Truck Drivers 10%
Light Truck or Delivery Services Drivers 9%
Material Moving Workers 9%
Laborers and Material Movers, Hand 9%
Laborers and Freight, Stock, and Material Movers, Hand 9%
Source: Bureau of Labor Statistics

Formal Wear & Costume Rental Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate

Innovation News

  • Jim's Formal Wear trademarks "JFW" - Rental of formal wear - 02/14/2018
  • Generation Tux trademarks "SEVEN26" - Hats, jackets, suits, tuxedos, pants, shirts, socks, belts, vests, ties, bow ties, pocket squares, cummerbunds, and shoes - 12/22/2017
  • Friar Tux Shop trademarks "STITCH & TIE" - Business wear - 06/29/2017
  • Generation Tux patents Garment Packaging Systems And Methods With Garment Bag - 01/05/2017
  • Generation Tux raises $24 million in funding. - 09/30/2015

  • Top Innovators

    CompanyInnovation Score
    Generation Tux22
    Jim's Formal Wear

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • Street Style: what people wore to beat the cold at the opening weekend of the Bentway Skate Trail - A formal ribbon-cutting ceremony kicked things off on Saturday morning: Skate rentals are free at this booth ... “I’ve had this Yeti costume for about three or four years. I’m pretty active—I like kiting and paddling—and I thought, with the ... (01/09/2018)
    • America’s 25 dying industries include sound studios, textiles, newspapers - 15. Formal wear and costume rental Employment change 2007-2016: -46.9% Employment total: 7,051 Wage growth 2007-2016: 38.0% Avg. annual wage: $29,437 Since the start of the 21st century, the U.S. marriage rate fell from 8.2 marriages per 1,000 Americans in ... (12/28/2017)
    • America’s 25 Dying Industries - Since 2007, the number of formal wear and costume rental establishments fell from 1,937 to 1,078, a 44.3% decline. While the number of U.S. workers across all sectors rose by 4.8% over the same period, employment in formal wear and costume rental fell by ... (12/08/2017)
    • How Costumes Reveal Character in Oscar Contenders ‘Murder on the Orient Express’ and ‘Mudbound’ - There were two challenges for costume designer Michael T ... some of which he’d never used before. Boyd turned to a rental house only when necessary, including formal wear for an early Memphis party scene featuring a pin stripe suit for Henry McAllan ... (11/22/2017)
    • Frightful figures: StatsCan’s Halloween by the numbers - As of June 2017, there were 158 businesses in Canada devoted to formal wear and costume rentals. In 2015, some $20.1 million worth of vestments and costumes were manufactured in Canada, this figure includes religious garments, theatrical costumes and all ... (10/31/2017)
    • Halloween is big business - Could it be that babies and dogs dressed as pumpkins will outnumber jack-o’-lanterns tonight? The 1,078 formal-wear and costume rental stores and their 6,611 employees probably won’t mind. Here are a few more quick facts from the Census Bureau and ... (10/30/2016)
    • The rental tux is dying — and that's a fantastic thing for menswear - The truth is that a traditional rental tuxedo usually looks more like a costume than actual formal wear. Because they're tailored to fit as many people as possible, they in actuality fit no one. (06/17/2015)
    • 'True Blood' costumer talks Eric and Pam's formal, flashback attire - We spoke to True Blood‘s costume designer, Audrey Fisher, about their memorable formal wear. And because we’re still obsessed ... she wore a Norma Kamali jumpsuit found at the Palace Costume rental house. “Looked high and low,” Fisher says. (07/21/2014)
    • 'Roll Tide' dress designer has created formal wear for Miss Alabamas since 1989; see previous costumes (photos) - While the design won't be available for duplication, Northington said the dress itself will be available for rent in a couple of months once ... She has been designing all of Miss Alabama’s formal wear since 1989. This year, she provided Champion with ... (09/06/2013)
    • America's dying industries: List of top 10 declining business revealed - The most surprising industry in the list is arguably formal wear and costume rental. By Ibis World, which conducted the researc,h explained: 'Personal disposable income levels steadily increased over the past decade, even during the recession, which pulled ... (04/04/2011)

    Government Contracts

    In 2016, the federal government spent a total of $74,944 on Formal Wear & Costume Rental. It has awarded 4 contracts to 3 companies, with an average value of $24,981 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount

    Segments classified within this market research report

    This industry market research report includes companies whose primary business is any of the following:
    Graduation cap and gown rental, Bridal wear rental, Motion picture wardrobe and costume rental, Dress suit rental, Gown rental, Theatrical wardrobe and costume rental, Formal wear rental, Tuxedo rental, Costume rental, Clothing rental (except industrial launderer, linen supply), Suit rental, Wardrobe rental, Fur rental, etc.

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