Navigation Links
Wedding Services in the US Industry Market Research Report from IBISWorld has Been Updated

Los Angeles, California (PRWEB) August 08, 2013

Economic uncertainty and an increasing acceptance of cohabitation caused a significant proportion of couples to postpone their nuptials over the past five years, posing a challenge to the Wedding Services industry. Industry unemployment, which skyrocketed to 60.3% in 2009, caused people to delay spending on industry services. This resulted in a 5.8% revenue decline in 2009. Meanwhile, according to IBISWorld industry analyst Sally Lerman, “slowly changing social norms have dragged down the marriage rate over the past several decades and in the five years to 2013, when it is expected to decline at an annualized 0.9%.” During this time, industry revenue is anticipated to decrease at an average annual 0.8% to $50.6 billion, including a 0.8% expected rebound in 2013 thanks to rising consumer spending.

Faster internet connections over the past five years have enabled Wedding Services industry operators to reach out to potential clients at a lower cost. In addition, social networking platform developments have shifted vendors' marketing strategies toward communicating a unique vision to consumers. “Less expensive and more effective online communication has also increased competition by enabling new industry entrants to market to the same demographics as established businesses,” says Lerman. Such improved marketing channels are expected to drive enterprise growth at an annualized rate of 3.6% to 501,798 firms in the five years to 2013.

The marriage rate is forecast to continue declining an average 0.9% per year during the five years to 2018, though this is not expected to dramatically impact industry performance. The amount spent on weddings is estimated to grow during the next five years as higher disposable income increases the demand for large, costly weddings. A slow but steady 2.9% annualized increase in consumer spending is projected to support revenue growth, as unemployment falls about 4.8% per year on average during the next five years. In addition, as the average age of marriage and length of engagement further increase, couples will have more time to plan and save money for their ceremonies. As a result, industry revenue is projected to rise in the five years to 2018.

There are no identifiable major players in this industry. The Wedding Services industry is extremely fragmented because it is composed of a wide variety of highly specialized vendors, including florists, venue providers and bridal gown retailers.

For more information, visit IBISWorld’s Wedding Services in the US industry report page.

Follow IBISWorld on Twitter:!/IBISWorld
Friend IBISWorld on Facebook:

IBISWorld industry Report Key Topics

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

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit or call 1-800-330-3772.

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Maui'd Forever Adds Kahu Harold Kilborn As Minister Choice for Kauai Hawaii Weddings
2. Father-Daughter & Mother-Son Songs for Your Wedding Day; Beautiful New Wedding Songs from T Carter Music ~ the Leader in New Wedding Music
3. Wedding Season - Spray Tan for ‘The Big Day’
4. Maui'd Forever Adds New Photographer For Oahu Hawaii Wedding And Vow Renewal Clients
5. Maui'd Forever is Happy to Announce the Hawaiian Airlines Wedding Wings Program for Wedding Clients
6. Maui’d Forever Creates All-inclusive Wedding and Travel Packages to Hawaii
7. Maui'd Forever Adds New Minister For Their Santa Barbara Area Weddings
8. Previews their Emergency Big Day Kit to Get Brides Ready For this Upcoming Wedding Season
9. Maui'd Forever Puts Rev. Jerry Sulliban on the Oahu Wedding Team and is Now Available with Their Packages
10. Footlogics Canada Catwalk Insole and the Perfect Wedding Day; A Gift for Your Feet
11. Unique Wedding Gift Ideas: Custom Engraved Personalised Photo Frames
Post Your Comments:
(Date:6/26/2016)... ... 2016 , ... Brent Kasmer, a legally blind and certified personal trainer is helping to develop ... The fitness app plans to fix the two major problems leading the fitness industry today:, ... all type program , They don’t eliminate all the reasons people quit their ...
(Date:6/25/2016)... ... 2016 , ... Experts from the American Institutes for Research ... June 26-28, 2016, at the Hynes Convention Center in Boston. , AIR experts ... planning, healthcare costs and patient and family engagement. , AIR researchers will be ...
(Date:6/25/2016)... , ... June 25, 2016 , ... The temporary closing of Bruton Memorial Library on ... Observer , brings up a new, often overlooked aspect of head lice: the parasite’s ability ... fumigation is not a common occurrence, but a necessary one in the event that lice ...
(Date:6/25/2016)... ... ... First Choice Emergency Room , the largest network of independent freestanding ... of its new Mesquite-Samuell Farm facility. , “We are pleased to announce Dr. ... James M. Muzzarelli, Executive Medical Director of First Choice Emergency Room. , Dr. ...
(Date:6/25/2016)... ... June 25, 2016 , ... Dr. Calvin Johnson ... Recently, he has implemented orthobiologic procedures as a method for treating his patients. ... the first doctors to perform the treatment. Orthobiologics are substances that orthopaedic surgeons ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... 24, 2016 Dehaier Medical Systems Ltd. (NASDAQ: ... develops, markets and sells medical devices and wearable sleep ... a strategic cooperation agreement with Hongyuan Supply Chain Management ... on June 20, 2016, to develop Dehaier,s new Internet ... agreement, Dehaier will leverage Hongyuan Supply Chain,s sales platform ...
(Date:6/24/2016)... , June 24, 2016 According ... by Type (Standard Pen Needles, Safety Pen Needles), Needle ... GLP-1, Growth Hormone), Mode of Purchase (Retail, Non-Retail) - ... This report studies the market for the forecast period ... reach USD 2.81 Billion by 2021 from USD 1.65 ...
(Date:6/24/2016)... KNOXVILLE, Tenn. , June 24, 2016 /PRNewswire/ ... market providing less invasive and more durable cerebrospinal ... million in funding.  The Series-A funding is led ... the Lighthouse Fund, and other private investors.  Arkis, ... less-invasive neurosurgical instrumentation and the market release of ...
Breaking Medicine Technology: