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Formal Wear & Costume Rental in Tennessee

Author.Name IBISWorld United States Last Updated: April 2025 NAICS TN53222

Formal Wear & Costume Rental in Tennessee industry analysis

The Formal Wear & Costume Rental industry in Tennessee 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.

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

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

Definition of the Formal Wear & Costume Rental in Tennessee?

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 Tennessee?

The Formal Wear & Costume Rental in Tennessee 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 Tennessee 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 Tennessee

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

Formal Wear & Costume Rental in Tennessee

#16 in Highest Revenue 1.3% 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 Tennessee

See how key industry drivers, such as unemployment rate, house price index, per capita disposable income, marriage rate, number of adults aged 20 to 64 and per capita disposable income are impacting Formal Wear & Costume Rental in Tennessee

Tennessee Economic Indicators

Unemployment Rate
House Price Index
Per Capita Disposable Income

View more economic information in TN 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 Tennessee

Access proprietary data on county in the Formal Wear & Costume Rental in Tennessee, such as Davidson County, Knox County and Shelby County. Data includes figures on revenue, establishments, employees and wages by counties.

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

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

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Top Questions Answered in this Report

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

The market size of the Formal Wear & Costume Rental industry in Tennessee is $12.9m in 2025.

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

There are 22 businesses in the Formal Wear & Costume Rental industry in Tennessee, which has been declining at an average annual rate of -4.7% from 2020 to 2025.

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

The market size of the Formal Wear & Costume Rental industry in Tennessee has been declining at an average annual rate of -1.2% from 2020 to 2025.

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

There are 148 employees in the Formal Wear & Costume Rental industry in Tennessee, which has been declining at an average annual rate of -2.5% from 2020 to 2025.