Industry Analysis & Industry Trends
Over the past five years, many economic and consumer trends acted against the Wedding Services industry. High unemployment reduced budgets for weddings and led to postponed nuptials; many individuals returned to school during the downturn. In addition, longer engagements, cohabitation before marriage and a higher average marriage age all became more acceptable, pushing the marriage rate down. Although some of these trends will linger, nuptials that were postponed will finally be planned and consumer spending on weddings will grow... purchase to read more
Industry Report - Industry Key Buyers Chapter
There are no identifiable major players in this industry and the top four players account for less than 5.0% of industry revenue. The Wedding Services industry is extremely fragmented because it is composed of a wide variety of highly specialized vendors, including florists, venue providers and bridal gown retailers.
There are some venues that offer wedding packages with a majority of services included. However, most of these venues have only one location and still outsource to small businesses for these services. Many of these venues are located in Las Vegas, which is known for eloping or where some couples decide to have a spur of the moment ceremony because there is no waiting period in Nevada after receiving a marriage license... purchase to read more