Mobile Menu

Formal Wear & Costume Rental in Michigan

Author.Name IBISWorld United States Last Updated: April 2025 NAICS MI53222

Formal Wear & Costume Rental in Michigan industry analysis

The Formal Wear & Costume Rental industry in Michigan is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments decreased an annualized -x.x% to xx locations. Industry employment has decreased an annualized -x.x% to xxx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Unbiased research for even more industries at your fingertips

  • 5000+Industries covered
  • 100+Local analysts
  • 250k+Hours of detailed analysis
  • 100k+Subscriber community

Purchase a membership to access this industry and so much more.

About the Formal Wear & Costume Rental in Michigan Market Research Report

What’s Included in the Formal Wear & Costume Rental in Michigan Market Research Report

Definition of the Formal Wear & Costume Rental in Michigan?

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, nor does it include Internet-based companies. 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).

What’s included in the Formal Wear & Costume Rental in Michigan?

The Formal Wear & Costume Rental in Michigan includes men's formal wear, costumes and accessories rental, women's formal wear, costumes and accessories rental and consumer goods rental. Related terms covered in the Formal Wear & Costume Rental in Michigan industry report includes a tax on an imported item, the buying and selling of products and services via electronic systems, such as the internet and the demographic of americans born between 1946 and 1964, accounting for a major proportion of the population.

Industry Performance of the Formal Wear & Costume Rental industry in Michigan

Benchmark the Formal Wear & Costume Rental in Michigan industry performance with all MI county and national performance.

Formal Wear & Costume Rental in Michigan

#12 in Highest Revenue 1.6% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth ()

Formal Wear & Costume Rental in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Formal Wear & Costume Rental industry in Michigan

See how key industry drivers, such as population, house price index, private investment in non-residential construction, marriage rate, number of adults aged 20 to 64 and per capita disposable income are impacting Formal Wear & Costume Rental in Michigan

Michigan Economic Indicators

Population
House Price Index
Private Investment in Non-Residential Construction

View more economic information in MI State Economic profile

US Key External Drivers

Marriage rate
Number of adults aged 20 to 64
Per capita disposable income

For the full list of industry drivers, see report purchase options.

County Data of the Formal Wear & Costume Rental industry in Michigan

Access proprietary data on county in the Formal Wear & Costume Rental in Michigan, such as Wayne County, Kent County and Macomb County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Formal Wear & Costume Rental industry in Michigan

Download 17 years of historical data and 5 years of projected performance.

Need a deeper insight
Get a free tour

Free Tour

Top Questions Answered in this Report

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Formal Wear & Costume Rental industry in Michigan in 2025?

The market size of the Formal Wear & Costume Rental industry in Michigan is $16.2m in 2025.

How many businesses are there in the Formal Wear & Costume Rental industry in Michigan in 2025?

There are 33 businesses in the Formal Wear & Costume Rental industry in Michigan, which has been declining at an average annual rate of -4.2% from 2020 to 2025.

Has the Formal Wear & Costume Rental industry in Michigan grown or declined over the past 5 years?

The market size of the Formal Wear & Costume Rental industry in Michigan has been declining at an average annual rate of -1.3% from 2020 to 2025.

How many employees in the Formal Wear & Costume Rental industry in Michigan in 2025?

There are 107 employees in the Formal Wear & Costume Rental industry in Michigan, which has been declining at an average annual rate of -2.4% from 2020 to 2025.