Behind schedule: The use websites and mobile applications will hinder industry demand

Over the five years to 2018, Wedding Planners industry revenue is expected to contract as more couples opt to plan their own weddings rather than hire industry employees. The contraction in demand for industry services is primarily caused by an increase in the number of do-it-yourself (DIY) weddings. Many couples, primarily those who are on a tight budget, have increasingly used websites and mobile applications to plan their own weddings, rather than spending money on industry services. Over the five years to 2023, IBISWorld estimates that the same drivers that dictated revenue over the past five years will continue to affect industry demand...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The same drivers that dictated revenue over the past five years will continue to affect industry demand
  • The Wedding Planners industry ebbs and flows with the financial stability of consumers
  • Increased demand for these high-value wedding planning services will keep revenue from declining as rapidly
  • Industry Report - Industry Key Buyers Chapter

    Market share concentration in the Wedding Planners industry is very low due to the localized and fragmented nature of industry establishments. Different areas typically have varying wedding customs; therefore, it makes sense for wedding planners to operate on a local level rather than a national level. The fragmented nature of this industry is likely to persist. IBISWorld does not expect any major players to emerge moving forward...purchase to read more.

    Additional Insights for the Wedding Planners Industry

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

  • Having a high prior success rate (including completed prior contracts)
  • Having a good reputation
  • Ability to vary services to suit different needs
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Marriage rate in the Wedding Planners industry impact industry performance..

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    What's in this report

    Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Marriage rate
  • National unemployment rate
  • Percentage of services conducted online
  • Population

  • Current Performance
  • Economic determinants
  • Internal competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Macroeconomic trends and effects
  • Fewer contracts, greater competition
  • Table: Wedding Planners Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Caterers
  • Florists
  • Hotels & Motels
  • Photography
  • Wedding Services

  • Products & Services
  • Full-coordination services
  • Day-of-coordination services
  • Partial-coordination services
  • Chart: Wedding Planners Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 25 to 34
  • Consumers aged 35 to 44
  • Consumers under 25
  • Consumers over 45
  • Chart: Major Market Segmentation for the Wedding Planners Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchases and MarketingOther
  • Chart: Cost Structure Benchmarking – Sector vs Wedding Planners

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wedding Planners 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 Planners 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 Planners Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Marriage Rate (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • Cohabitation is the act of couples living together without being married
  • Destination Wedding
  • Destination weddings are events in which couples get married in vacation like settings and guests typically must travel greater distances than average to the wedding location
  • Do-It-Yourself (Diy) Services
  • Couples undertake DIY services in the wedding planning process in order to alleviate the costs of organizing a wedding
  • Word-Of-Mouth Marketing
  • Word-of-mouth marketing is generated when existing clients talk about and refer friends, family or acquaintances to industry operators
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Wedding Planners Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Wedding Planners industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

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

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