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Wedding Services in the US Industry Data and Analysis
The Wedding Services industry provides a wide variety of wedding day services, apparel retailers and venues. Evolving social norms and medical advancements, which enable women to safely give birth later in life, have caused the marriage rate to decline in recent decades. Extended periods of cohabitation before marriage and family planning have increasingly become normal among young couples. As a result, the industry has contended with declining revenue over the past five years. Despite fewer couples getting married, increasing per capita disposable income has enabled those seeking to spend more on their big day, limiting revenue declines. Nonetheless, as couples postponed or downsized their weddings during the COVID-19 pandemic, industry revenue dropped significantly in 2020 alone. Consequently, industry revenue fell at a CAGR of 4.1% to $70.3 billion over the past five years, including a decrease of 0.6% in 2023 alone.
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What's included in this industry analysis
IBISWorld's research coverage on the Wedding Services industry in the United States includes market sizing, forecasting, data and analysis from 2013-2028. The most recent publication was released February 2023.
About this industry
What's this industry report about?
The Wedding Services industry in the United States operates under the NAICS industry code NN006. This Wedding Services industry is broadly defined to include wedding day service providers, apparel retailers and venues. Wedding coordinators are also included, as they carry many responsibilities on the day of the event. The industry does not include honeymoon expenses. Related terms covered in the Wedding Services industry in the United States include .
What's included in this industry?
Products and services covered in Wedding Services industry in the United States include Ceremony and reception venue fees, Food and drink services and Attire and accessories.
What companies are included in this industry?
The Wedding Services industry in the United States is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Wedding Services industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Wedding Services industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Wedding Services industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Wedding Services industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Wedding Services industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Wedding Services industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Wedding Services industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Wedding Services industry in the United States.
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Frequently Asked Questions
What is the market size of the Wedding Services industry in the United States in 2026?
The market size of the Wedding Services industry in the United States is $70.3bn in 2026.
How many businesses are there in the Wedding Services industry in the United States in 2023?
There are 404k businesses in the Wedding Services industry in the United States, which has grown at a CAGR of 0.9 % between 2018 and 2023.
How may import tariffs affect the Wedding Services industry in the United States?
The Wedding Services industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Wedding Services industry in the United States?
The Wedding Services industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Wedding Services industry in the United States grown or declined over the past 5 years?
The market size of the Wedding Services industry in the United States has been declining at a CAGR of 4.1 % between 2018 and 2023.
What is the forecast growth of the Wedding Services industry in the United States over the next 5 years?
Over the next five years, the Wedding Services industry in the United States is expected to grow.
What does the Wedding Services industry in the United States include?
Attire and accessories and Food & drink are part of the Wedding Services industry in the United States.
How competitive is the Wedding Services industry in the United States?
The level of competition is high and increasing in the Wedding Services industry in the United States.
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