The party industry is a booming business, with the global market value reaching $16 billion in 2021 and expected to grow at a CAGR of 8.3% from 2021 to 2026. Festivals and religious ceremonies account for 37% of the total market share, while corporate events make up around 10%. In 2019, the US event planning industry was worth approximately $5 billion with over 25,000 businesses operating within it. Around 134,000 people are employed in this sector as well. Social events make up 50% of all event planning services offered by these companies; however only 25% are executed by professional planners.
In terms of spending on various supplies and decorations for parties or other social gatherings in the United States each year – that number reaches an estimated $38 billion annually. The U.S market alone is projected to reach nearly 4 billion dollars by 2022 according to one report – not including e-commerce sales which accounts for 6 percent globally. Party balloons also have their own niche within this industry having reached 207 million dollars just last year (2019). Home based businesses take up 80 percent of all party plan companies while individual proprietorships represent 16 percent overall – making it quite accessible if you’re looking into starting your own business venture here.
Birthday parties remain popular among Americans costing an average 500 USD per celebration but children’s themed parties come out ahead representing 82 percent when compared against non-themed ones . Event planner owners surveyed reported 61percent increase in business activity during 2020 despite pandemic related restrictions being imposed across many states throughout USA . Finally , wedding planning makes its mark accounting for 10 %of entire event management segment where female entrepreneurs dominate 3/4th portion .
This statistic is a testament to the immense size and scope of the party supplies industry. It highlights the fact that the industry is a major player in the global economy, with a market value of $16 billion. This figure is a clear indication of the industry’s success and its potential for growth in the future. It also serves as a reminder of the importance of the party supplies industry in providing goods and services to people around the world.
The party supplies market is expected to grow at a CAGR of 8.3% from 2021 to 2026.
This statistic is a clear indication that the party supplies market is on the rise, with an expected growth rate of 8.3% over the next five years. This is great news for those in the party industry, as it suggests that the demand for their products and services is likely to increase. This could lead to more opportunities for businesses to expand their operations and increase their profits. Furthermore, it could also mean more jobs and better wages for those employed in the industry. All in all, this statistic is a positive sign for the future of the party industry.
Party Industry Statistics Overview
37% of the party supplies market share belongs to festivals and religious ceremonies segment.
This statistic is a telling indication of the importance of festivals and religious ceremonies in the party supplies market. It shows that these occasions are a major factor in the industry, and that businesses should take them into account when planning their strategies. Furthermore, it highlights the potential for growth in this segment, as well as the need to focus on providing quality products and services to meet the demands of these customers.
As of 2019, the US event planning industry was worth approximately $5 billion.
This statistic is a testament to the sheer size and scope of the US event planning industry. It highlights the immense potential for growth and success within the sector, as well as the vast amount of resources available to those looking to break into the industry. It also serves as a reminder of the importance of staying up-to-date with the latest trends and developments in the event planning industry, as the sector is constantly evolving and growing.
Around 134,000 people are employed in the party and event planning industry in the U.S.
This statistic is a testament to the size and scope of the party and event planning industry in the U.S. It shows that the industry is a major employer, providing jobs to a large number of people. This is an important indicator of the industry’s economic impact and its importance to the overall economy.
There are over 25,000 party and event planning businesses in the U.S.
This statistic is a testament to the sheer size and scope of the party and event planning industry in the United States. With over 25,000 businesses operating in the space, it’s clear that the party industry is a major player in the economy and a major source of employment. It also speaks to the level of competition in the industry, as well as the potential for growth and innovation.
25% of social events in the party industry are executed by professional planners.
This statistic is a testament to the importance of professional planners in the party industry. It highlights the fact that a quarter of all social events are handled by experienced professionals, indicating that the industry relies heavily on their expertise and knowledge. This statistic is also a reminder that the party industry is a complex and ever-evolving field, and that professional planners are essential to ensure successful events.
Social events make up 50% of the overall event planning market.
This statistic is a testament to the sheer size and scope of the party industry. It highlights the fact that social events are a major component of the event planning market, and that the industry is thriving. It also shows that the party industry is an important part of the economy, and that it is a viable option for those looking to make a living in the event planning industry.
Approximately $38 billion is spent on various party supplies in the United States each year.
This statistic is a testament to the sheer size and scope of the party industry in the United States. It speaks to the fact that parties are a major part of American culture, and that people are willing to invest a significant amount of money into making their celebrations special. It also highlights the potential for businesses to capitalize on this market, as there is clearly a large demand for party supplies.
The U.S. market for party supplies and decorations is expected to reach $3.7 billion in 2022.
This statistic is a testament to the booming party industry, indicating that the market for party supplies and decorations is expected to experience significant growth in the coming years. It is a clear indication that the party industry is thriving and that there is a strong demand for party supplies and decorations. This statistic is an important piece of information for anyone interested in the party industry, as it provides insight into the current and future state of the market.
E-commerce sales account for 6.1% of the global party supplies market.
This statistic is a telling indication of the growing importance of e-commerce in the party supplies market. It highlights the fact that more and more people are turning to online shopping for their party supplies, and that the industry is adapting to meet this demand. This is an important trend to be aware of for anyone involved in the party supplies industry, as it could have a significant impact on their business.
The global market for party balloons reached $207.5 million in 2019.
This statistic is a testament to the immense success of the party industry, demonstrating that the global market for party balloons has grown significantly in recent years. It is a clear indication that the party industry is thriving and that people are increasingly investing in balloons for their celebrations. This statistic is a valuable insight into the current state of the party industry and provides a useful benchmark for future growth.
Home-based businesses account for around 80% of the total party plan industry companies.
This statistic is a testament to the power of the party plan industry, showing that the majority of companies in the industry are home-based businesses. It speaks to the potential of the industry, as well as the flexibility and convenience of running a business from home. It also highlights the importance of the industry to the economy, as home-based businesses are often the backbone of many local economies.
Approximately 16% of party planning businesses are operated by individual proprietors.
This statistic is a telling indication of the party planning industry, highlighting the prevalence of individual proprietors in the sector. It speaks to the entrepreneurial spirit of those who are willing to take the plunge and start their own business, as well as the potential for success in the industry. It also serves as a reminder that the party planning industry is a competitive one, with many individuals vying for a piece of the pie.
The average cost of a birthday party in the United States is $500.
This statistic is a telling indication of the state of the party industry in the United States. It reveals that the cost of throwing a birthday party is quite high, which could be a reflection of the cost of materials, services, and other expenses associated with the industry. This could be a sign that the party industry is thriving, as people are willing to pay a premium for a special occasion. Alternatively, it could also be a sign that the industry is struggling, as people are having to pay more for a basic birthday party. Either way, this statistic is an important insight into the party industry in the United States.
Corporate events make up to 20% of the overall event planning market.
This statistic is a testament to the importance of corporate events in the event planning market. It highlights the fact that corporate events are a major part of the industry, and that they are a lucrative source of income for event planners. This is important information for anyone looking to break into the party industry, as it shows that corporate events can be a great way to make money.
About 61% of party planners said that business has increased in the past year.
This statistic is a clear indication that the party industry is thriving. It shows that the majority of party planners have seen an increase in business over the past year, suggesting that the industry is growing and that more people are investing in parties and events. This is great news for the industry and could be a sign of a prosperous future.
Wedding planning represents around 10% of the event planning industry.
This statistic is a testament to the importance of wedding planning in the event planning industry. It highlights the fact that weddings are a major part of the event planning industry, and that they are a significant source of revenue for event planners. This information is important for anyone looking to break into the event planning industry, as it shows that wedding planning is an important part of the industry and should be taken into consideration when planning events.
Approximately 3 out of 4 event planner owners are female.
This statistic is a telling indication of the party industry’s gender dynamics. It suggests that the majority of event planner owners are female, which could be indicative of a larger trend of women dominating the party industry. This could be due to the fact that women are often seen as more organized and detail-oriented, making them well-suited for the job. Additionally, this statistic could be a reflection of the fact that women are often more likely to take on entrepreneurial roles, which could explain why they make up the majority of event planner owners.
Conclusion
The party industry is a booming business with the global market value reaching $16 billion in 2021 and expected to grow at a CAGR of 8.3% from 2021 to 2026. Festivals and religious ceremonies account for 37% of the total market share, while social events make up 50%. The US event planning industry was worth approximately $5 billion as of 2019, employing around 134,000 people across 25,000 businesses.
E-commerce sales account for 6.1%, while home-based businesses represent 80%. Corporate events make up 20%, wedding planning 10%, and children’s parties 82% involve specific themes on average costing about $500 per birthday celebration in the United States alone. Event planner owners are predominantly female (75%) who have seen an increase in business over the past year (61%). These statistics demonstrate that there is great potential within this sector which can be tapped into by entrepreneurs looking to start their own party or event planning business or those already established seeking new opportunities for growth and expansion
References
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