
Wedding Planners in the US - Industry Market Research Report
Description
Wedding Planners in the US
Wedding planners organize and design marriage ceremonies and receptions. Over the five years to 2023, revenue for the Wedding Planners industry has declined as more couples have opted to plan their weddings themselves rather than hire industry operators. According to 2021 data from the Wedding Planning Institute, 27.0% of couples are using wedding planners. This contraction in demand for industry services mainly stems from an increase in the number of do-it-yourself (DIY) weddings. Consumers that do opt to hire wedding planners are spending more money than ever before. Over the years to 2023, industry revenue is expected to decline at a CAGR of 1.5%, including an anticipated 2.1% decrease in 2023, to reach $1.4 billion. In 2020 and 2021, revenue decreased 6.5% and 12.0%, respectively, due to wedding cancelations and postponements as a result of the COVID-19 pandemic.
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.
Wedding planners organize and design marriage ceremonies and receptions. Over the five years to 2023, revenue for the Wedding Planners industry has declined as more couples have opted to plan their weddings themselves rather than hire industry operators. According to 2021 data from the Wedding Planning Institute, 27.0% of couples are using wedding planners. This contraction in demand for industry services mainly stems from an increase in the number of do-it-yourself (DIY) weddings. Consumers that do opt to hire wedding planners are spending more money than ever before. Over the years to 2023, industry revenue is expected to decline at a CAGR of 1.5%, including an anticipated 2.1% decrease in 2023, to reach $1.4 billion. In 2020 and 2021, revenue decreased 6.5% and 12.0%, respectively, due to wedding cancelations and postponements as a result of the COVID-19 pandemic.
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.
Table of Contents
40 Pages
- TABLE OF CONTENTS
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
Search Inside Report
Pricing
Currency Rates
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