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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1629716

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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1629716

Tuxedo Rental Market, By Type, By Product Type, By End User,By Geography .

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The global tuxedo rental market is estimated to be valued at USD 822.3 Mn in 2024 and is expected to reach USD 1,244.5 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.

Report Coverage Report Details
Base Year: 2023 Market Size in 2024: US$ 822.3 Mn
Historical Data for: 2019 To 2023 Forecast Period: 2024 To 2031
Forecast Period 2024 to 2031 CAGR: 6.10% 2031 Value Projection: US$ 1,244.5 Mn
Figure. Tuxedo Rental Market Share (%), By Region 2024
Tuxedo Rental Market - IMG1

The global tuxedo rental market has been gaining significant traction over the past decade, primarily owing to the growing number of social gatherings such as weddings, proms, formal, and corporate events globally. Traditionally worn by men, the trend of women renting tuxedos has also increased over the years for unique fashion statements. Moreover, the increasing affordability of renting high-end formal wears compared to outright purchase provides a strong impetus. Several retailers now offer customized rental packages for tuxedos along with accessories to meet a wide variety of outfit needs.

Market Dynamics

Key drivers such as the rising number of social events coupled with the growing acceptance of unconventional fashion trends have been fueling the global tuxedo rental market. However, the availability of low-cost alternatives through rental marketplaces may restrain the revenue potential to some extent. On the other hand, emerging opportunities lie in catering to increasing women customer base and tailored rental packages for weddings and other ceremonies. The market players could also focus on eco-friendly rental models and subscription services to tap into the untapped opportunities.

Key Features of the Study

This report provides in-depth analysis of the global tuxedo rental market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global Tuxedo Rental market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Men's Wearhouse, Jos. A. Bank, Generation Tux, Black Tux, Friar Tux, Tuxedos by Sarno, Formalwear by H&M, SuitShop, David's Bridal, Amazon (Rental Services), Rent the Runway, Tuxedos & More, Savvi Formalwear, Prestige Tuxedo, and A Formal Affair

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global tuxedo rental market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global tuxedo rental market

Market Segmentation

  • By Type Insights (Revenue, USD Mn, 2019 - 2031)
    • Online Rental
    • Offline Rental
  • By Product Type Insights (Revenue, USD Mn, 2019 - 2031)
    • Traditional Tuxedos
    • Slim Fit Tuxedos
    • Custom Tuxedos
    • Others
  • By End User Insights (Revenue, USD Mn, 2019 - 2031)
    • Men
    • Women
    • Children
  • Regional Insights (Revenue, USD Mn, 2019 - 2031)
    • North America
    • U.S.
    • Canada
    • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
    • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
    • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
    • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
    • Africa
    • South Africa
    • North Africa
    • Central Africa
  • Key Players Insights
    • Men's Wearhouse
    • Jos. A. Bank
    • Generation Tux
    • Black Tux
    • Friar Tux
    • Tuxedos by Sarno
    • Formalwear by H&M
    • SuitShop
    • David's Bridal
    • Amazon (Rental Services)
    • Rent the Runway
    • Tuxedos & More
    • Savvi Formalwear
    • Prestige Tuxedo
    • A Formal Affair
Product Code: CMI7618

Table of Contents

1. Research Objectives and Assumptions

  • Research Objectives
  • Assumptions
  • Abbreviations

2. Market Purview

  • Report Description
    • Market Definition and Scope
  • Executive Summary
    • Global Tuxedo Rental Market, By Type
    • Global Tuxedo Rental Market, By Product Type
    • Global Tuxedo Rental Market, By End User
    • Global Tuxedo Rental Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
  • Impact Analysis
  • Key Highlights
  • Regulatory Scenario
  • Product Launches/Approvals
  • PEST Analysis
  • PORTER's Analysis
  • Market Opportunities
  • Regulatory Scenario
  • Key Developments
  • Industry Trend

4. Global Tuxedo Rental Market, By Type, 2019-2031, (USD Mn)

  • Introduction
    • Market Share Analysis, 2024 and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Online Rental
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
  • Offline Rental
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)

5. Global Tuxedo Rental Market, By Product Type, 2019-2031, (USD Mn)

  • Introduction
    • Market Share Analysis, 2024 and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Traditional Tuxedos
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
  • Slim Fit Tuxedos
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
  • Custom Tuxedos
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
  • Others
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)

6. Global Tuxedo Rental Market, By End User, 2019-2031, (USD Mn)

  • Introduction
    • Market Share Analysis, 2024 and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Men
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
  • Women
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
  • Children
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)

7. Global Tuxedo Rental Market, By Region, 2019 - 2031, Value (USD Mn)

  • Introduction
    • Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Mn)
    • Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (USD Mn)
    • Regional Trends
  • North America
    • Introduction
    • Market Size and Forecast, By Type, 2019 - 2031, Value (USD Mn)
    • Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Mn)
    • Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
    • Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
      • U.S.
      • Canada
  • Latin America
    • Introduction
    • Market Size and Forecast, By Type, 2019 - 2031, Value (USD Mn)
    • Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Mn)
    • Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
    • Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
  • Europe
    • Introduction
    • Market Size and Forecast, By Type, 2019 - 2031, Value (USD Mn)
    • Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Mn)
    • Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
    • Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
      • Germany
      • U.K.
      • Spain
      • France
      • Italy
      • Russia
      • Rest of Europe
  • Asia Pacific
    • Introduction
    • Market Size and Forecast, By Type, 2019 - 2031, Value (USD Mn)
    • Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Mn)
    • Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
    • Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East
    • Introduction
    • Market Size and Forecast, By Type, 2019 - 2031, Value (USD Mn)
    • Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Mn)
    • Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
    • Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
      • GCC Countries
      • Israel
      • Rest of Middle East
  • Africa
    • Introduction
    • Market Size and Forecast, By Type, 2019 - 2031, Value (USD Mn)
    • Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Mn)
    • Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
    • Market Size and Forecast, By Country/Region, 2019 - 2031, Value (USD Mn)
      • South Africa
      • North Africa
      • Central Africa

8. Competitive Landscape

  • Men's Wearhouse
    • Company Highlights
    • Product Portfolio
    • Key Developments
    • Financial Performance
    • Strategies
  • Jos. A. Bank
    • Company Highlights
    • Product Portfolio
    • Key Developments
    • Financial Performance
    • Strategies
  • Generation Tux
    • Company Highlights
    • Product Portfolio
    • Key Developments
    • Financial Performance
    • Strategies
  • Black Tux
    • Company Highlights
    • Product Portfolio
    • Key Developments
    • Financial Performance
    • Strategies
  • Friar Tux
    • Company Highlights
    • Product Portfolio
    • Key Developments
    • Financial Performance
    • Strategies
  • Tuxedos by Sarno
    • Company Highlights
    • Product Portfolio
    • Key Developments
    • Financial Performance
    • Strategies
  • Formalwear by H&M
    • Company Highlights
    • Product Portfolio
    • Key Developments
    • Financial Performance
    • Strategies
  • SuitShop
    • Company Highlights
    • Product Portfolio
    • Key Developments
    • Financial Performance
    • Strategies
  • David's Bridal
    • Company Highlights
    • Product Portfolio
    • Key Developments
    • Financial Performance
    • Strategies
  • Amazon (Rental Services)
    • Company Highlights
    • Product Portfolio
    • Key Developments
    • Financial Performance
    • Strategies
  • Rent the Runway
    • Company Highlights
    • Product Portfolio
    • Key Developments
    • Financial Performance
    • Strategies
  • Tuxedos & More
    • Company Highlights
    • Product Portfolio
    • Key Developments
    • Financial Performance
    • Strategies
  • Savvi Formalwear
    • Company Highlights
    • Product Portfolio
    • Key Developments
    • Financial Performance
    • Strategies
  • Prestige Tuxedo
    • Company Highlights
    • Product Portfolio
    • Key Developments
    • Financial Performance
    • Strategies
  • A Formal Affair
    • Company Highlights
    • Product Portfolio
    • Key Developments
    • Financial Performance
    • Strategies

9. Analyst Recommendations

  • Wheel of Fortune
  • Analyst View
  • Coherent Opportunity Map

10. References and Research Methodology

  • References
  • Research Methodology
  • About us
Have a question?
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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