Overview

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 in this industry
Industry Statistics & Market Size
Revenue
$25bn
Annual Growth 11-16
3.9%
Annual Growth 16-21
Profit
Employment
154,320
Business
8,194

Industry Analysis & Industry Trends

Revenue for the Wedding Services industry in China is set to reach $24.6 billion in 2016. Over the five years through 2016, revenue has been growing at an annualized rate of 3.9%. 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...

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Industry Report - Starting a New Business Chapter

The entry barriers in this industry are very low. High profit, low capital requirements and few regulations have attracted numerous players from other industries in the past couple of years. In most cities, companies of other service industries do not need to specifically apply to the government to start offering wedding services. In peak seasons the number of establishments coming from other industries increases significantly, and then declines in low seasons, also showing very low exit barriers.

Low capital requirements and almost no initial capital investment requirements contribute to the low entry barrier. These may be slightly higher for large-scale enterprises, such as for renting large offices, spending more for advertising and purchasing vehicles for renting. The..

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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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    Look under the hood?

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    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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 employment
  • Traditions 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

  • Products & Markets
    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
    Competitive Landscape
    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
    Major Companies
    There are no major players in this Industry
    Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Wedding Services Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    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.
  • Why buy this report?

    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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