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Bridal Stores: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Bridal Stores Market Research Report | NAICS OD4222 | Aug 2016

Tie the knot: Rising disposable income will boost wedding budgets

IBISWorld’s Bridal Stores 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
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 11-16
0.3%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
48,163
Businesses
8,276
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
  • ... purchase 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... ... purchase 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.

.. ... 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... purchase to read more

     


    Industry ProductsRelated Reports

    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 gownsBridesmaid dressesGroom and groomsmen tuxedos and suitsDress and suit accessories
     
    Industry Activities
    Retailing bridal gownsRetailing bridal accessoriesRetailing bridesmaid dressesProviding 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
  • Chart: Revenue Growth
  • Industry Outlook
  • 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 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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