Over the five years to 2018, Wedding Planners industry revenue is expected to contract as more couples opt to plan their own weddings rather than hire industry employees. The contraction in demand for industry services is primarily caused by an increase in the number of do-it-yourself (DIY) weddings. Many couples, primarily those who are on a tight budget, have increasingly used websites and mobile applications to plan their own weddings, rather than spending money on industry services. Over the five years to 2023, 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.
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.