The party supply industry is an important part of the economy, and it's important to stay up to date on the latest industry statistics. In this blog post, we'll explore the latest party supply industry statistics, including the size of the industry, the most popular products, and the biggest trends.
We'll also look at how the industry has changed over time and what the future holds for the party supply industry. By the end of this post, you'll have a better understanding of the party supply industry and its current state. So let's get started.
Party Supply Industry: The Most Important Statistics
The United States is the largest market, generating US$33,390.00m in 2023 with a per person revenue of US$68.12.
The Decorations segment of the Party Supply Industry is expected to generate US$5.59bn in 2023, with a CAGR of 2.75% from 2023-2027.
Party Supply Industry Statistics Overview
The global retail decoration market was valued at 118.8 billion US dollars in 2016.
The Decorations segment of the Party Supply Industry is expected to generate US$28.42bn in 2023, with a CAGR of 5.62% from 2023-2027.
China is expected to generate the most revenue (US$8,753.00m in 2023).
This shows the potential for growth in the Party Supply Industry, and the potential for businesses to capitalize on the increasing demand for decorations.
The Home Décor Segment is expected to generate US$37.43bn in 2023, with a CAGR of 6.41% from 2023-2027. This is especially significant in the United States, where per person revenues of US$73.66 are generated in 2023.
This provides an indication of the potential growth of the industry over the next few years.
The home décor market in the United States is projected to grow 20% from 2019 to 2024, reaching 202 billion U.S. dollars.
Thus, the Home Décor Segment is expected to generate US$4.45bn in 2023 with a 1.52% annual growth rate (CAGR 2023-2027).
The United States is the largest market, generating US$33,390.00m in 2023 with a per person revenue of US$68.12.
The Decorations segment of the Party Supply Industry is expected to generate US$324.70m in 2023, with a CAGR of 1.92% from 2023-2027.
China is the largest revenue generator with US$8,753.00m in 2023, and per person revenues of US$5.18.
This gives an indication of the current and future market size of the Decorations segment, as well as the geographic breakdown of revenue. Knowing this, can inform business decisions, such as where to focus marketing efforts and where to allocate resources.
The Decorations segment of the Party Supply Industry is expected to generate US$5.59bn in 2023, with a CAGR of 2.75% from 2023-2027.
China is expected to generate the most revenue (US$8,753.00m in 2023), which provides insight into the expected growth of the Decorations segment.
The Home Décor Segment is expected to generate US$37.11bn in 2023 and grow annually by 3.05% (CAGR 2023-2027).
The Home Décor Segment is a key component of the Party Supply Industry and knowing the size and growth of it can help inform decisions related to investments, product development, and marketing strategies.
The Decorations segment of the Party Supply Industry is expected to generate US$0.46bn in 2023, with a CAGR of 1.79% from 2023-2027.
China is the largest revenue generator with US$8,753.00m in 2023, and per person revenues of US$5.87 are generated in 2023.
The Home Décor Segment is expected to generate US$7.15bn in 2023 and grow at a CAGR of 2.19% from 2023-2027.
The United States is expected to generate the most revenue at US$33,390.00m in 2023, with a per person revenue of US$88.98.
Conclusion
The party supply industry is a thriving business that continues to grow year after year. With the rise of online shopping and the convenience of ordering supplies from the comfort of your own home, it is no wonder why the industry is so successful.
The statistics show that the industry is expected to grow even more in the coming years, and with the right strategies and marketing, businesses in the industry can capitalize on this growth. With the right approach, the party supply industry can continue to be a profitable and successful business.
References
1 - https://www.statista.com/statistics/915628/global-retail-decoration-market-size/
2 - https://www.statista.com/outlook/cmo/furniture/home-decor/decorations/worldwide
3 - https://www.statista.com/outlook/cmo/furniture/home-decor/north-america
4 - https://www.statista.com/statistics/1015171/home-furnishings-market-value-us/
5 - https://www.statista.com/outlook/cmo/furniture/home-decor/united-kingdom
6 - https://www.statista.com/outlook/cmo/furniture/home-decor/decorations/united-kingdom
7 - https://www.statista.com/outlook/cmo/furniture/home-decor/decorations/europe
8 - https://www.statista.com/outlook/cmo/furniture/home-decor/europe
9 - https://www.statista.com/outlook/cmo/furniture/home-decor/decorations/germany
10 - https://www.statista.com/outlook/cmo/furniture/home-decor/germany
