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Wedding Planners in the US: Market Research Report

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

Wedding Planners Market Research Report | Consumer Goods & Services | Personal Services | Feb 2015

Match made in heaven: Economic recovery will encourage more weddings and greater related spending

IBISWorld’s Wedding Planners market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 10-15
1.5%
Annual Growth 15-20
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Profit
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Employment
13,492
Businesses
12,606
Industry Analysis & Industry Trends

Over the past five years, the Wedding Planners industry has expanded due to stronger economic conditions. Increased disposable incomes are expected to encourage more couples to marry, and to spend more on services related to their weddings. Additionally, increased internet usage has made wedding planners more accessible to clients, decreasing the industry's marketing costs and boosting profit margins. These trends will offset the impact on the industry of changing social norms that have led couples to postpone marriage longer. As the economy continues to strengthen, industry growth is expected to accelerate in the next five years.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Wedding Planners industry is in the mature stage of its life cycle, indicated by its steady contribution to the US economy (measured through industry value added). Over the 10 years to 2020, IBISWorld forecasts that industry value added (IVA) will grow at an annualized rate of 3.8%, compared to 2.5% annualized growth in GDP. Although the industry is expected to grow at a faster rate than the overall economy, this is not indicative of a growing industry. Rather, the industry started off at a relatively low base due to the significant declines in disposable income and increases in unemployment. The industry is considered to be in the mature stage of its life cycle since the industry's products and markets are well defined and relatively stagnant... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Wedding Planners Industry?

Wedding planners organize and design marriage ceremonies and receptions.

Industry Products
Day-of-coordination servicesConceptualization and designFull coordination servicesMonth of direction
 
Industry Activities
Wedding coordinationManage client's time constraintsManage client's budget


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