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Wedding Planners: Market Research Report

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

Wedding Planners Market Research Report | NAICS OD4412 | Sep 2016

Match made in heaven: Economic recovery will encourage more weddings and greater related spending

IBISWorld’s Wedding Planners market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 11-16
-1.9%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
41,714
Businesses
39,773
Industry Threats & Opportunities
  • More couples are using websites and mobile applications to plan their weddings, rather than an industry operator
  • As per capita disposable income increases, couples are more likely to trade up to full-coordination services
  • The increasingly tech-savvy consumer pool will continue to opt for do-it-yourself weddings, rather than use industry employees
  • ... purchase to read more

Industry Analysis & Industry Trends

Over the five years to 2016, industry revenue is expected to contract as more couples opt to plan their own wedding, 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. Over the five years to 2016, IBISWorld expects industry revenue to decline. Over the five years to 2021, IBISWorld estimates that the same drivers that dictated revenue over the past five years will continue to affect industry demand. While the percentage of couples using wedding planners will continue to decrease, the decline will mostly be offset by a stronger macroeconomic climate, which will enable clients to spend more per service... ... purchase to read more

Industry Report - Industry Investment Chapter

The Wedding Planners industry is largely reliant on labor rather than capital investments. As a result, the industry has a low level of capital intensity. IBISWorld estimates that for every dollar spent on labor costs, the typical wedding planner dedicates $0.04 to capital equipment. Employees use a limited amount of capital in their day-to-day operations. Industry operators use computers, smartphones and electronic calendars to contact, schedule and communicate events. Still, these devices cannot take the place of human capital and will therefore remain only a small, supplementary component of the planning process.

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

     


    Industry ProductsRelated Reports

    What is the Wedding Planners Industry?

    Wedding planners organize and design marriage ceremonies and receptions.

    Industry Products
    Full-coordination servicesDay-of-coordination servicesPartial-coordination services
     
    Industry Activities
    Wedding coordinationManage client's time constraintsManage 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
  • 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 (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
    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 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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