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Wedding Services in the US: Market Research Report

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

Wedding Services Market Research Report | NAICS NN006 | Dec 2016

Tying the knot: Wedding-related activity will rebound as postponed nuptials are planned

The Wedding Services 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
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$72bn
Annual Growth 11-16
3.2%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
1,156,331
Businesses
319,475
Industry Threats & Opportunities
  • Higher incomes and larger savings will allow individuals to spend more on weddings
  • Many couples have saved money by arranging destination weddings
  • Longer engagements and cohabitation will limit the number of wedding ceremonies
  • ... purchase to read more

Industry Analysis & Industry Trends

Over the past five years, many economic and consumer trends acted against the Wedding Services industry. High unemployment reduced budgets for weddings and led to postponed nuptials; many individuals returned to school during the downturn. In addition, longer engagements, cohabitation before marriage and a higher average marriage age all became more acceptable, pushing the marriage rate down. Although some of these trends will linger, nuptials that were postponed will finally be planned and consumer spending on weddings will grow... ... purchase to read more

Industry Report - Starting a New Business Chapter

Barriers to entry have declined drastically over the past five years with the advent of inexpensive targeted marketing options online, such as Facebook and Pinterest. While vendors used to rely on expensive advertising in local and national magazines in order to attract clients, they now have a plethora of low-price options to use. The decreased cost of reaching the consumer has allowed many small businesses to enter into the industry.

Existing vendors still benefit from reviews and word-of-mouth recommendations. However, the wide variety of services and markets makes it possible for new operators to start out, albeit with a much smaller consumer base. The.. ... purchase to read more

Additional Insights for the Wedding Services Industry

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

  • Provide services to high income individuals
  • 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 Services industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Wedding Services Industry?

    This industry is broadly defined to include day-of wedding service providers, apparel retailers and venues. Wedding coordinators are also included because they execute many responsibilities on the day of the event. The industry, however, excludes honeymoon expenses.

    Industry Products
    Ceremony and reception venuesFood and drink servicesAttire and accessoriesPhotographyFlowersCoordinators
     
    Industry Activities
    Providing wedding coordinatingProviding ceremony and reception hostingProviding wedding cateringProviding wedding apparel retailingProviding wedding photographyProviding flower arranging Providing jewelry design and retailingProviding town car and limousine rentalProviding live or recorded music performancesProviding hair and make-up application


    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
  • Number of adults aged 20 to 64
  • Percentage of services conducted online
  • Current Performance
  • Technology creates competition
  • A big commitment
  • Cutting back
  • Do-it-yourself
  • Chart: Revenue Growth
  • Industry Outlook
  • An aging tradition
  • Time is money
  • Table: Wedding Services Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wedding Services Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Consumers
  • Key Selling Industries
  • Beauty, Cosmetics & Fragrance Stores
  • Camera Stores
  • Car Rental
  • Flower & Nursery Stock Wholesaling
  • Jewelry & Watch Wholesaling
  • Soft Drink, Baked Goods & Other Grocery Wholesaling
  • Truck Rental
  • Warehouse Clubs & Supercenters
  • Wine & Spirits Wholesaling
  • Products & Services
  • Ceremony and reception venues
  • Food and drink services
  • Attire and accessories
  • Other
  • Photography
  • Flowers
  • Coordinators
  • Chart: Wedding Services 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 Services Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Wedding Services
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wedding Services 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 Services 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 Services Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Marriage rate (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Destination Wedding
  • A marriage ceremony or reception 200 or more miles away from where the couple lives and at least 80.0% of guests require overnight accommodations.
  • Do-It-Yourself (Diy)
  • A category of customers who complete tasks and projects on their own that would generally be outsourced to a business or service provider.
  • Officiant
  • An officiating priest or minister.
  • Wedding Vendor
  • A company that provides services on the day of the marriage ceremony or reception.

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

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