Over the five years to 2016, industry revenue is expected to contract as more couples opt to plan their own wedding, rather than hire industry employees. This contraction in demand for industry services is primarily caused by an increase in the number of do-it-yourself (DIY) weddings. Over the five years to 2016, IBISWorld expects industry revenue to decline. Over the five years to 2021, IBISWorld estimates that the same drivers that dictated revenue over the past five years will continue to affect industry demand. While the percentage of couples using wedding planners will continue to decrease, the decline will mostly be offset by a stronger macroeconomic climate, which will enable clients to spend more per service. As a result, IBISWorld estimates that industry revenue will decline at a slower rate over the five years to 2021.
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.