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Formal Wear & Costume Rental in New York

Author.Name IBISWorld United States Last Updated: August 2025 NAICS NY53222

Formal Wear & Costume Rental in New York industry analysis

The Formal Wear & Costume Rental industry in New York is expected to grow 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 increased an annualized x.x% to xx locations. Industry employment has increased an annualized x.x% to xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to decline an annualized -x.x% to $x.x million, while the national industry is expected to decline -x.x%. Industry establishments are forecast to decline -x.x% to xx locations. Industry employment is expected to decrease an annualized -x.x% to xxx workers, while industry wages are forecast to decrease -x% to $x.x million.

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About the Formal Wear & Costume Rental in New York Market Research Report

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

Definition of the Formal Wear & Costume Rental in New York?

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 New York?

The Formal Wear & Costume Rental in New York 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 New York 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 New York

Benchmark the Formal Wear & Costume Rental in New York industry performance with all NY county and national performance.

Formal Wear & Costume Rental in New York

#3 in Highest Revenue 7.7% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

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 New York

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

New York Economic Indicators

House Price Index
Private Investment in Residential Construction
Net Migration

View more economic information in NY 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 New York

Access proprietary data on county in the Formal Wear & Costume Rental in New York, such as New York County, Nassau County and Erie County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Formal Wear & Costume Rental industry in New York

Download 18 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 New York in 2025?

The market size of the Formal Wear & Costume Rental industry in New York is $79.1m in 2025.

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

There are 97 businesses in the Formal Wear & Costume Rental industry in New York, which has been growing at an average annual rate of 1.1% from 2020 to 2025.

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

The market size of the Formal Wear & Costume Rental industry in New York has been growing at an average annual rate of 7.7% from 2020 to 2025.

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

There are 418 employees in the Formal Wear & Costume Rental industry in New York, which has been growing at an average annual rate of 3.7% from 2020 to 2025.