Tie the knot: Rising disposable income will boost wedding budgets

While the slowly declining marriage rate has limited growth, economic recovery has increased consumers' wedding budgets and boosted demand for price-premium wedding products retailed by the Bridal Stores industry. In the coming years, companies are expected to increasingly invest in labor to provide superior customer service and differentiate from online retailers, however, rising wage costs will likely limit profit. Rising disposable income will nonetheless boost wedding budgets and couples that postpone marriage typically generate stronger incomes, translating to higher wedding budgets...purchase to read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
0.1%
Forecast Growth 17-22
Profit
Employment
20,094
Businesses
6,426
Market Share of Companies

Industry Threats & Opportunities

  • Although strong consumer buying power has slightly boosted revenue, the falling marriage rate has limited demand
  • The industry has experienced rising competitive pressure from upstream manufacturers
  • The percentage of services conducted online is projected to continue increasing
  • Industry Report - Industry Analysis Chapter

    The Bridal Stores industry is expected to grow at an annualized rate of 0.1% over the five years to 2017. Rising disposable income and economic recovery has encouraged consumers to boost their wedding budgets. However, the slowly declining marriage rate has pressured industry gains. Many consumers are choosing to postpone marriage while cohabitation outside the traditional bonds of marriage has grown increasingly common. Despite declining numbers, couples that marry later in life tend to have higher wedding budgets and can afford more expensive bridal wear, which benefits the industry. As a result, IBISWorld expects that industry revenue will grow 0.4% in 2017, totaling $2.5 billion...purchase to read more.

    Additional Insights for the Bridal Stores Industry

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

  • Production of goods currently favored by the market
  • Attractive product presentation
  • Experienced work force
  • IBISWorld analysts also discuss how external factors such as Marriage rate and Number of adults aged 20 to 64 in the Bridal Stores industry impact industry performance..

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    What's in this report

    What is the Bridal Stores Industry?

    Stores in this industry primarily retail bridal wear, including wedding gowns, veils and other accessories such as shoes, gloves and jewelry. Stores also typically provide alterations, such as hemming, taking in or letting out seams, and lengthening or shortening sleeves.

    Industry Products
  • Wedding gowns
  • Bridesmaid dresses
  • Groom and groomsmen tuxedos and suits
  • Mother-of-the-bride dress
  • Flower girl dress
  • Bridal accessories
  • Industry Activities
  • Retailing bridal gowns
  • Retailing bridal accessories
  • Retailing bridesmaid dresses
  • Providing alterations and other 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
  • Marriage rate
  • Number of adults aged 20 to 64
  • Per capita disposable income
  • Percentage of services conducted online

  • Current Performance
  • Waiting at the altar
  • Competition on the rise
  • Chart: Revenue Growth

  • Industry Outlook
  • Tech trends
  • Dealing with competition
  • Table: Bridal Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Bridal Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Men's & Boys' Apparel Manufacturing
  • Men's & Boys' Apparel Wholesaling
  • Women's & Children's Apparel Wholesaling
  • Women’s, Girls’ and Infants’ Apparel Manufacturing

  • Products & Services
  • Wedding gowns
  • Bridesmaid dresses
  • Mother-of-the-bride dress
  • Bridal accessories
  • Groom and groomsmen tuxedos and suits
  • Flower girl dress
  • Chart: Bridal Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 25 to 34
  • Consumer aged 35 to 44
  • Consumer aged 45 to 64
  • Consumers aged 18 to 24
  • Consumers aged 65 and older
  • Chart: Major Market Segmentation for the Bridal Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent and utilities
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Bridal Stores

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Bridal Stores Industry

  • Industry Globalization
    David's Bridal,
  • Table: David's Bridal - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Bridal Stores 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 Bridal Stores Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Marriage rate (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Bridesmaids
  • Friends of the bride tasked with assisting her through the wedding ceremony. Bridesmaids occasionally wear similar dresses to distinguish their position in the wedding ceremony.
  • Favors
  • Small inexpensive gifts that may be given to guests at a wedding as a souvenir and thank you for attending.
  • Flower Girls Or Flower Children
  • Small children (usually girls) that pave the way down the aisle for the bride by scattering flower petals from a small basket.
  • Tux Or Tuxedo
  • A formal or semi-formal men's black evening jacket that may be either single-breasted (1-4 buttons) or double-breasted (2-6 buttons).
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Bridal Stores provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    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 Bridal Stores:
    • 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 Bridal Stores 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 Bridal Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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