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Party & Event Planners in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Party & Event Planners Market Research Report | Consumer Goods & Services | Personal Services | Aug 2015

Party on: The industry will benefit from climbing corporate profit and per capita disposable income

IBISWorld’s Party & Event Planners market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 10-15
4.8%
Annual Growth 15-20
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Profit
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Employment
215,147
Businesses
203,368
Industry Analysis & Industry Trends

The Party and Event Planners industry largely provides a discretionary service; therefore, it is mainly driven by corporate profit, per capita disposable income and the unemployment rate. The recession hit the industry hard, with many corporations and consumers holding fewer, smaller events. However, the industry bounced back in the years that followed, and this recovery is expected to persist in the five years to 2020, bolstered by strengthening corporate profit and increasing discretionary income.... purchase to read more

Industry Report - Starting a New Business Chapter

The Party and Event Planners industry has very low barriers to entry due to low market concentration, low initial capital investment and regulatory requirements and a high degree of specialization and localization of industry services. IBISWorld estimates that the top four companies in the industry - Abigail Kirsch, Blue Plate, Along Came Mary and Joy Wallace - account for less than 5.0% of industry revenue. This low level of concentration indicates there are few barriers related to operator size. However, some high profile events or venues might be tied to specific event planners based on contractual agreements. Similarly, small players might not have the capacity or the expertise to plan large-scale events, so barriers to entry may exist with respect to specific events... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Party & Event Planners Industry?

This industry comprises independent companies and individuals that organize parties, weddings, corporate dinners and other social gatherings. These operators serve households, businesses and nonprofits. This industry does not include companies that organize conventions, trade shows and sporting events, nor does it include the event planning departments of hotels, conference centers and recreational facilities.

Industry Products
WeddingsBirthday partiesCorporate social events
 
Industry Activities
Organizing corporate fundraisersOrganizing corporate holiday partiesOrganizing weddingsOrganizing birthday parties


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