The wedding dresses global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Wedding Dresses Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The wedding dresses market size has grown strongly in recent years. It will grow from $12.68 billion in 2023 to $13.53 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to tradition and cultural influence, economic conditions, fashion trends, social norms and expectations, celebrity influence.
The wedding dresses market size is expected to see strong growth in the next few years. It will grow to $16.75 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to sustainability and ethical fashion, personalization and customization, changing marriage trends, digital marketing and social media, economic recovery and spending patterns. Major trends in the forecast period include versatile and reusable styles, inclusive sizing and body positivity, minimalist and timeless designs, digital and virtual shopping experiences, fashion-forward and non-traditional styles.
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Scope Of Wedding Dresses Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Wedding Dresses Market Overview
Market Drivers –
The growing destination weddings are expected to propel the growth of the wedding dresses market going forward. Destination weddings refer to weddings that take place in a location away from the couple’s hometown or the place where they currently reside. Wedding dresses used by brides in destination weddings to hold significant cultural, symbolic, and expression of personal style have a photographic and visual impact in celebrating the union of two individuals in marriage. For instance, in 2023, according to the Destination Wedding Statistics 2023 report by Condor Ferries, a UK-based operator of passenger and freight ferry services, there are 350,000 destination weddings performed every year, which accounts for 25% of all weddings in the US. Furthermore, in May 2023, according to Paradise Weddings, a US-based destination wedding company, over the last 5 years, wedding groups are getting larger, with an 8% increase in 2021 and a 12% increase in 2022. Therefore, the growing destination weddings will drive the growth of the wedding dresses market.
Market Trends –
Major companies operating in the wedding dresses market are focusing on innovative wedding products such as REIMAGINE by DB Studio, their first ever eco-minded collection to meet the evolving needs and values of customers. The eco-minded bridal collection refers to a collection of wedding gowns designed and produced with a focus on sustainability and eco-consciousness, incorporating recycled materials and ethical fabrics to reduce environmental impact. For instance, in March 2023, David’s Bridal, a US-based clothing retailer, launched REIMAGINE by DB Studio, a line of sustainable and eco-minded wedding dresses and attire. The collection features designs that are thoughtfully created with recycled materials, reflecting an eco-friendly and sustainable approach to bridal fashion. The ’Reimagine’ line includes wedding dresses, bridesmaid dresses, veils, and other bridal attire, all crafted with a focus on sustainability. The use of recycled nylon and lace, as well as the incorporation of eco-minded design elements and offers brides a broader range of choices while reducing their environmental impact.
The wedding dresses market covered in this report is segmented –
1) By Type: Traditional Wedding Dresses, Contemporary Wedding Dresses, Customized Wedding Dresses
2) By Gender: Female, Male
3) By Distribution Channel: Bridal Boutiques, E-commerce Platforms, Specialty Retailers, Other Distribution Channels
4) By Application: Wedding Dress Renting Service, Wedding Consultant, Photographic Studio, Personal Purchase, Other Applications
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Regional Insights –
North America was the largest region in the wedding dresses market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wedding dresses market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the wedding dresses market are Macy’s Inc., Harrods Limited, Enzoani, Pronovias Group SA, Vera Wang Bridal House, Rosa Clara Group, Elie Saab France, Alfred Angelo Bridal , Marchesa Luisa Casati, Impression Bridal, Badgley Mischka LLC, Kleinfeld Bridal Corp, Justin Alexander Inc., Cymbeline Innovation Pvt Ltd., Pepe Botella SL, JLM Couture Inc., Mon Cheri Bridals LLC, Winnie Couture, Yumi Katsura International Co. Ltd, Franc Sarabia, Yolancris, Linli Wedding Collection, Atelier Eme Srl, Moonlight Bridal Design Inc., Signore Production S.r.l, CH Carolina Herrera, De La Cierva And Nicolás SL, Pine Tree Art And Business Consulting. Pte. Ltd., Guangdong Famory (Group) Co. Ltd., Tsai Mei Yue, Helen Rodrigues Bridal
Table of Contents
1. Executive Summary
2. Wedding Dresses Market Report Structure
3. Wedding Dresses Market Trends And Strategies
4. Wedding Dresses Market – Macro Economic Scenario
5. Wedding Dresses Market Size And Growth
…..
27. Wedding Dresses Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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