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Wedding Planners - Industry Market Research Report

  • June 2017
  • 28 pages
  • Ibisworld
Report ID: 1835455

Summary

Table of Contents

Heartbroken: Revenue is declining as more couples plan their weddings without industry assistance

Abstract
Wedding Planners

Over the five years to 2017, industry revenue is expected to contract as more couples opt to plan their own weddings 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. Many couples, primarily those who are on a tight budget, have increasingly used websites and mobile applications to plan their own weddings, rather than spending money on an industry operator. Over the five years to 2017, IBISWorld expects that this trend will cause industry revenue to decline.

Over the five years to 2022, 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.

Wedding planners organize and design marriage ceremonies and receptions.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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