Wedding planners organize and design marriage ceremonies and receptions. Over the five years to 2023, revenue for the Wedding Planners industry has declined as more couples have opted to plan their weddings themselves rather than hire industry operators. According to 2021 data from the Wedding Planning Institute, 27.0% of couples are using wedding planners. This contraction in demand for industry services mainly stems from an increase in the number of do-it-yourself (DIY) weddings. Consumers that do opt to hire wedding planners are spending more money than ever before. Over the years to 2023, industry revenue is expected to decline at a CAGR of 1.5%, including an anticipated 2.1% decrease in 2023, to reach $1.4 billion. In 2020 and 2021, revenue decreased 6.5% and 12.0%, respectively, due to wedding cancelations and postponements as a result of the COVID-19 pandemic.Down the Aisle: the Industry Will Still Likely Experience Declines Due to the Pandemic
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.
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
Methodology
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