Overview

Tie the knot: Rising disposable income will boost wedding budgets

The Bridal Stores 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

Industry Threats & Opportunities

  • While the declining marriage rate has limited growth, economic recovery has increased consumers’ wedding budgets
  • The industry has experienced rising competitive pressure from upstream manufacturers
  • Many consumers are trying on gowns at bridal stores and then making their purchase online

  • shopping_cartBUY NOW TO READ MORE

    Industry Analysis & Industry Trends

    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...

    shopping_cartBUY NOW TO READ MORE

    Industry Report - Industry Analysis Chapter

    The Bridal Stores industry is expected to grow at an average annual rate of 0.3% per year on average during the five years to 2016. Rising disposable income and economic recovery has encouraged consumers to boost their wedding budgets. However, the slowly declining marriage rate has stemmed 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. Despite positive economic conditions, rising completion and a declining marriage rate are expected to result in industry revenue falling 0.5% in 2016 to $2.9 billion.

    ..

    shopping_cartBUY NOW 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..

    shopping_cartBUY NOW TO READ MORE

    Look under the hood?

    Download a FREE sample report

    Industry Products

    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
    Dress and suit accessories
    Industry Activities
    Retailing bridal gowns
    Retailing bridal accessories
    Retailing bridesmaid dresses
    Providing alterations and other 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
  • Marriage rate
  • Number of adults aged 20 to 64
  • Per capita disposable income
  • Percentage of services conducted online

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

  • Industry Outlook
    Tech TrendsDealing with competition
  • Table: Bridal Stores Industry Revenue Outlook

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

  • Products & Markets
    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
  • Groom and groomsmen tuxedos and suits
  • Dress and suit accessories
  • 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
    Competitive Landscape
    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
    Major Companies
    David's Bridal
  • Table: David's Bridal - financial performance

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Bridal Stores Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Number of marriages (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    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).
  • 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 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.

    Join IBISWorld today

    Contact Us

    Want to speak to a representative? Call us.

    clear