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Wedding Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Wedding Services Market Research Report | NAICS NN006 | Jun 2016

Tying the knot: Wedding-related activity will rebound as postponed nuptials are planned

The Wedding Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$58bn
Annual Growth 11-16
2.2%
Annual Growth 16-21
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Profit
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Employment
835,329
Businesses
568,883
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 - Starting a New Business Chapter

Barriers to entry have declined drastically in the past five years with the advent of inexpensive targeted marketing options online, such as Facebook and Pinterest. While vendors used to rely on expensive advertising in local and national magazines in order to attract clients, they now have a plethora of low-price options to use. The decreased cost of reaching the consumer has allowed many small businesses to enter into the industry.

Existing vendors still benefit from reviews and word-of-mouth recommendations. However, the wide variety of services and markets makes it possible for new operators to start out, albeit with a much smaller consumer base... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Wedding Services Industry?

This industry is broadly defined to include day-of wedding service providers, apparel retailers and venues. Wedding coordinators are also included because they execute many responsibilities on the day of the event. The industry, however, excludes honeymoon expenses.

Industry Products
Ceremony and reception venuesFood and drink servicesAttire and accessoriesPhotographyFlowersCoordinators
 
Industry Activities
Providing wedding coordinatingProviding ceremony and reception hostingProviding wedding cateringProviding wedding apparel retailingProviding wedding photographyProviding flower arranging Providing jewelry design and retailingProviding town car and limousine rentalProviding live or recorded music performancesProviding hair and make-up application


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