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Bridal Stores in Australia - Industry Market Research Report

Publisher IBISWorld
Published Oct 02, 2023
Length 35 Pages
SKU # IBSS18263899

Description

Bridal Stores in Australia - Industry Market Research Report


Bridal Stores in Australia

Operators in the Bridal Stores industry have faced volatile demand conditions over the past five years. Prior to the COVID-19 pandemic, increases in the number of marriages and in consumer sentiment benefitted industry performance. Additionally, the legalisation of same-sex marriages in December 2017 expanded the industry's addressable market for bridal stores. However, the COVID-19 pandemic has limited the number of marriages across Australia over the past three years. This, along with trading restrictions limiting industry players' ability to operate, has severely hindered demand and revenue for bridal gowns and accessories over the same period. Consequently, industry revenue is expected to decline at an annualised 3.1% over the five years through 2021-22, to $352.7 million.

Industry stores sell bridal wear, including wedding gowns, veils and other accessories such as shoes, gloves and jewellery. Stores typically also provide basic alteration services, such as hemming, taking in or letting out seams, and lengthening or shortening garments. Online-only retailers of bridal gowns and accessories are excluded from the industry, but sales made through online channels of physical retailers are included.

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

35 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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