PUBLISHER: The Business Research Company | PRODUCT CODE: 1458772
PUBLISHER: The Business Research Company | PRODUCT CODE: 1458772
Bridal attire encompasses the assortment of special garments and accessories donned by brides during their wedding ceremonies, reflecting their individuality, fashion preferences, cultural heritage, and the overarching motif of the event.
The primary categories of bridal attire include gowns and traditional ensembles. Gowns are elongated dresses commonly worn by brides on their wedding day, showcasing a diverse array of styles, materials, and patterns. These items are retailed through both physical and virtual outlets, catering to a variety of uses such as wedding gown rental services, bridal consultants, photography studios, and personal acquisitions.
The bridal wear market research report is one of a series of new reports from The Business Research Company that provides bridal wear market statistics, including bridal wear industry global market size, regional shares, competitors with a bridal wear market share, detailed bridal wear market segments, market trends and opportunities, and any further data you may need to thrive in the bridal wear industry. This bridal wear market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The bridal wear market size has grown strongly in recent years. It will grow from $62.2 billion in 2023 to $65.6 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The expansion during the historical era can be credited to cultural traditions and practices, economic affluence and discretionary spending, fashion trends and impacts, societal anticipations and standards, and the emergence of bridal publications and media.
The bridal wear market size is expected to see steady growth in the next few years. It will grow to $77.7 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The expansion expected in the upcoming period can be linked to the sustainability and ethical fashion movement, the advancement of digitalization and e-commerce, the prevalence of customization and personalization trends, the increasing popularity of destination weddings and travel trends, and the growing demand for inclusivity and diversity in bridal fashion. Key trends anticipated in this forecast period encompass eco-conscious and sustainable bridal lines, virtual try-on capabilities and augmented reality experiences, minimalist and understated wedding gown designs, gender-neutral and unconventional bridal attire, as well as the integration of cultural and contemporary elements in bridal wear.
The bridal wear market is anticipated to experience growth driven by an increase in the number of weddings. Weddings, being ceremonies celebrating the union of two individuals in matrimony, encompass diverse traditions, customs, and rituals varying across cultures, religions, and social strata. The surge in demand for bridal wear is intricately tied to the rising number of weddings, as bridal attire, jewelry, and accessories hold central significance in symbolizing tradition, style, and personal expression for couples tying the knot. For instance, in 2022, data from the National Center for Health Statistics (NCHS), a US government agency, revealed a notable increase in marriages from 1,676,911 in 2020 to 1,985,072 in 2021, with a corresponding rise in the marriage rate from 5.1 marriages per 1,000 to 6.0. Consequently, the upsurge in weddings is propelling growth in the bridal wear market.
Key players in the bridal wear market are strategically focusing on introducing innovative and environmentally sustainable bridal wear collections to drive market revenues. Environmentally conscious bridal collections, exemplified by eco-minded bridal collections, prioritize eco-friendliness, ethical manufacturing practices, and sustainability. For instance, in March 2023, David's Bridal Inc., a US-based wedding attire brand, launched REIMAGINE by DB Studio, its inaugural eco-minded bridal wear collection crafted from recycled fabrics, offering effortlessly chic designs. The REIMAGINE by DB Studio line aims to create lasting memories while minimizing environmental impact, catering to the environmentally conscious modern bride, as part of the brand's ongoing commitment to delivering new luxury to its clientele. Priced between $299 and $599, the collection features distinctive patterns reflecting current fashion trends, including striking necklines, intricate back details, versatile sleeve options, modern interpretations of classic lace, and more.
In December 2023, Allure Bridals Inc., a US-based wedding gown manufacturer and designer, completed the acquisition of Portia and Scarlett, an undisclosed transaction. This acquisition facilitates global expansion, diversification into formal wear, designer collaborations, and bolstered brand reputation, consolidating Allure Bridals' position as a prominent player in the bridal wear market. Portia and Scarlett, an Australia-based bridal wear manufacturer, offers a range of bridal and bridesmaid collections.
Major players in the bridal wear market are Louis Vuitton Malletier, Macy's Inc., Hennes & Mauritz AB, Gianni Versace Srl (Capri Holdings Limited), ASOS PLC, Giorgio Armani SpA, Express Inc., Harrods Limited, Pronovias Fashion Group, Vera Wang, Dorothy Perkins, Elie Saab France, Zuhair Murad, Alfred Angelo Inc., Justin Alexander Limited, Temperley London, Watters Designs Inc., Monique Lhuillier Inc., Oscar de la Renta, JLM Couture Inc., Betsy & Adam, Paloma Blanca, Winnie Couture Inc., Naeem Khan Ltd., Moonlight Bridal Design Inc, Sophia Tolli, Theia Couture, Yumi Katsura International Co. Ltd., and Madeline Gardner New York.
North America was the largest region in the bridal wear market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in bridal wear report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the bridal wear market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The bridal wear market consists of sales of products such as veils, bridal accessories, bridal shoes, bridal jewelry, bridal lingerie, silk fabrics, satin, Duchesse satin, shantung, chiffon, tulle, organza, lace, and other fabrics. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Bridal Wear Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on bridal wear market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for bridal wear ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The bridal wear market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.