PUBLISHER: The Business Research Company | PRODUCT CODE: 1464221
PUBLISHER: The Business Research Company | PRODUCT CODE: 1464221
A wedding dress is a distinctive attire worn by the bride during a wedding ceremony. It is customarily crafted to exude elegance and formality, symbolizing the importance of the event. Wedding dresses exhibit a diverse range of styles, colors, and designs, often incorporating cultural and personal preferences to cater to individual tastes.
Primary categories of wedding dresses encompass traditional, contemporary, and customized variants. Traditional wedding dresses, worn by both genders, encapsulate cultural customs with timeless designs and intricate detailing. Distribution channels for these dresses include bridal boutiques, e-commerce platforms, specialty retailers, and more. They serve various purposes such as wedding dress renting services, wedding consultants, photographic studios, personal purchases, among others.
The wedding dresses market research report is one of a series of new reports from The Business Research Company that provides wedding dresses market statistics, including wedding dresses industry global market size, regional shares, competitors with a wedding dresses market share, detailed wedding dresses market segments, market trends and opportunities, and any further data you may need to thrive in the wedding dresses industry. This wedding dresses 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 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 expansion observed in the historical period can be ascribed to factors such as tradition and cultural influence, economic conditions, fashion trends, social norms and expectations, as well as 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 anticipated growth in the forecast period can be ascribed to factors such as sustainability and ethical fashion, personalization and customization, evolving marriage trends, the impact of digital marketing and social media, and shifts in economic recovery and spending patterns. Notable trends expected during this period encompass versatile and reusable styles, an emphasis on inclusive sizing and body positivity, a preference for minimalist and timeless designs, the rise of digital and virtual shopping experiences, and a growing demand for fashion-forward and non-traditional styles.
The rising trend of destination weddings is anticipated to be a significant driver for the growth of the wedding dresses market. Destination weddings, characterized by ceremonies held away from the couple's hometown or current residence, emphasize the importance of wedding dresses as cultural symbols and expressions of personal style. These dresses play a crucial role in visually celebrating the union of individuals in marriage. In 2023, Condor Ferries' Destination Wedding Statistics report revealed that 350,000 destination weddings are conducted annually, constituting 25% of all weddings in the US. Additionally, Paradise Weddings reported an 8% increase in wedding group sizes in 2021 and a 12% increase in 2022, indicating a growing trend. Consequently, the surge in destination weddings is expected to fuel the expansion of the wedding dresses market.
Key players in the wedding dresses market are actively pursuing innovative products to cater to changing customer needs and values. Notably, companies such as David's Bridal are introducing eco-minded collections, such as REIMAGINE by DB Studio, to align with sustainability trends. An eco-minded bridal collection focuses on designing and producing wedding gowns with sustainability and environmental consciousness in mind, utilizing recycled materials and ethical fabrics. In March 2023, David's Bridal launched REIMAGINE by DB Studio, featuring sustainable wedding dresses and attire crafted from recycled materials. The collection includes various bridal elements, such as dresses, veils, and bridesmaid attire, offering a range of choices while promoting eco-friendly practices. The incorporation of recycled materials, such as nylon and lace, exemplifies the commitment to sustainability and reduced environmental impact.
In July 2023, CION Investment Corporation, a US-based business development company, successfully acquired David's Bridal in an undisclosed deal. This acquisition ensures the continued operation of David's Bridal at up to 195 locations, safeguarding 7,000 jobs nationwide. As a prominent clothing company specializing in wedding dresses and formal wear, David's Bridal's acquisition by CION Investment Corporation marks a strategic move in the competitive landscape of the wedding dresses market.
Major companies operating in the wedding dresses market report 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 Nicolas SL, Pine Tree Art And Business Consulting. Pte. Ltd., Guangdong Famory (Group) Co. Ltd., Tsai Mei Yue, Helen Rodrigues Bridal
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.
The countries covered in the wedding dresses market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The wedding dresses market consists of sales of empire waist, vintage wedding dresses, bohemian, and two-piece wedding dresses. 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.
Wedding Dresses 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 wedding dresses 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 wedding dresses ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The wedding dresses 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.