Overview

Heartbroken: Revenue is declining as more couples plan their weddings without industry assistance

IBISWorld’s Wedding Planners market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth
12-17
-1.4%
Annual Growth
17-22
Profit
Employment
39,658
Business
39,371

Industry Threats & Opportunities

  • A stronger macroeconomic climate will help offset continued decline in the percentage of couples using wedding planners
  • More couples hired full-service coordinators over day-of coordinators over the past five years
  • Increased demand for high-value wedding planning will keep revenue from declining as rapidly

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    Industry Analysis & Industry Trends

    Over the five years to 2017, industry revenue is expected to contract as more couples opt to plan their own weddings rather than hire industry employees. This 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 an industry operator. Over the five years to 2017, IBISWorld expects that this trend will cause industry revenue to decline. Over the five years to 2022, IBISWorld estimates that the same drivers that dictated revenue over the past five years will continue to affect industry demand...

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    Industry Report - Industry Analysis Chapter

    Wedding planners organize and design nuptials, and offer services ranging from full-coordination to day-of-coordination. Over the five years to 2017, revenue for the Wedding Planners industry is expected to contract at an annualized rate of 1.4%, as fewer couples demand industry services. According to The Knot, 26.0% of engaged couples hired wedding planners in 2015 (latest data available), down from 29.0% in 2012, according to Wedding Paper Divas. More and more, increasingly tech-savvy consumers have turned to the internet for do-it-yourself (DIY) wedding planning, eliminating the need for a hired industry operator. How..

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    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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    Industry Products

    What is the Wedding Planners Industry?

    Wedding planners organize and design marriage ceremonies and receptions.

    Industry Products
    Full-coordination services
    Day-of-coordination services
    Partial-coordination services
    Industry Activities
    Wedding coordination
    Manage client's time constraints
    Manage client's budget

    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
  • 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

  • Products & Markets
    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
    Competitive Landscape
    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
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Wedding Planners 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
    Jargon & Glossary
    Cohabitation
  • 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
  • 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 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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