Revenue for the Wedding Services industry in China is set to reach $23.9 billion in 2017. Over the five years through 2017, revenue has been growing at an annualized rate of 3.5%. The main services provided by this industry include car rentals, master of ceremony services, restaurant decoration, photography and videography, services, wedding dress rental and hairdressing.ACMR-IBISWorld estimates that over 50% of couples who marry in China each year use services provided by this industry, with demand concentrated in economically developed urban regions. Although with low average spending, increasing households in rural areas are becoming consumers of wedding services...purchase to read more.

Industry Statistics & Market Size
Revenue
$24bn
Annual Growth 12-17
3.5%
Forecast Growth 17-22
Profit
Employment
158,950
Businesses
14,339

Industry Report - Industry Key Buyers Chapter

The concentration level in the Wedding Services industry in China is very low, with no company having major market share at the national level. Most companies are very small in size, serving specific local regions. Operations at a national level are not common, although in some particular segments such as dating services, Internet usage has increased the geographic coverage of the industry.The majority of the enterprises in this industry have only one establishment. Larger firms operating in large cities may locate two or three offices in different parts of a city to provide greater convenience for their customers. A small number of firms also have branches in a number of provinces...purchase to read more.

Additional Insights for the Wedding Services Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Wedding Services Industry are

  • Ability to vary services to suit different needs
  • Establishment of brand names
  • Having links with suppliers
  • IBISWorld analysts also discuss how external factors such as Marriages - De-Facto Couples - Number and Marriages - Rate per 1,000 people in the Wedding Services industry impact industry performance..

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    What's in this report

    What is the Wedding Services Industry?

    The Wedding Services industry in China coordinates and organizes a wide range of wedding services, including dating services, wedding planning, wedding car rentals, dress rentals, video recording services, wedding photography services, wedding banquets and masters of ceremonies (MCs).

    Industry Products
  • Car rental
  • Video recording
  • Master of ceremony
  • Decor and flowers
  • Venue booking
  • Photography
  • Industry Activities
  • Wedding car renting
  • Video recording services
  • Master of ceremonies
  • Restaurant decorations and flowers
  • Bridal makeup
  • Photography services
  • Dating services
  • Restaurant bookings
  • Other wedding-related services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Marriages - De-Facto Couples - Number
  • Marriages - Rate per 1,000 people
  • SOCIAL CHANGES AND ATTITUDES
  • Age Group (30-54)
  • Income Taxes

  • Current Performance
    Enterprises, establishments and employmentTraditions and habits
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Wedding Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wedding Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Households

  • Key Selling Industries
  • Apparel Manufacturing
  • Auto & Parts Wholesaling
  • Car Rentals
  • Cosmetic & Personal Care Product Manufacturing
  • Full-Service Restaurants
  • IT Services
  • Skin Care, Hairdressing & Beauty Services

  • Products & Services
  • Decor and flowers
  • Other
  • Master of ceremony
  • Venue booking
  • Video recording
  • Car rental
  • Photography
  • Chart: Wedding Services Industry Products and Services Segmentation

  • Demand Determinants
  • Marriage rate
  • New wedding service segments
  • Westernization of weddings
  • Rising incomes
  • Population growth
  • Wedding gifts

  • Major Markets
  • 25 to 29 years old
  • 20 to 24 years old
  • Over 40 years old
  • 30 to 34 years old
  • 35 to 39 years old
  • Chart: Major Market Segmentation for the Wedding Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent, utilities and depreciation
  • Other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Wedding Services

  • Basis of Competition
  • Quality and variety
  • Customizable service packages
  • Relationships with suppliers
  • Skilled workforce
  • Price

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wedding Services Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Wedding Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Wedding Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Chinese Zodiac
  • Cycles every 12 years with each year named after an animal with special significance.
  • Food Service
  • Provision of catered meals, which usually includes alcoholic and non-alcoholic beverages.
  • Master Of Ceremony (Mc)
  • Official host of a staged event, such as a wedding.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Wedding Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Wedding Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Wedding Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Wedding Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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