Bridal Wear Global Market is Projected to Reach $83.5 Billion by 2030: Social Media Influencers Drive Healthy Market Gains

June 30, 2023

DUBLIN, June 21, 2023 /PRNewswire/ — The “Bridal Wear: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

The global market for Bridal Wear estimated at US$61.1 Billion in the year 2022, is projected to reach a revised size of US$83.5 Billion by 2030, growing at a CAGR of 4% over the analysis period 2022-2030.

Offline, one of the segments analyzed in the report, is projected to record 4% CAGR and reach US$71.3 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Online segment is readjusted to a revised 3.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $27 Billion, While China is Forecast to Grow at 6% CAGR

The Bridal Wear market in the U.S. is estimated at US$27 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$8.8 Billion by the year 2030 trailing a CAGR of 6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 3.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

Select Competitors (Total 242 Featured) –

Allure Bridals, Inc.
David’s Bridal Inc.
Elie Saab
Helen Rodrigues Bridal
JLM Couture Inc.
Justin Alexander Limited
Klienfeld Bridal
Macy’s, Inc.
Monique Lhuillier
Morilee LLC
Naeem Khan
Paloma Blanca
Peter Langner
Pronovias Fashion Group
Sophia Tolli
Temperley London
Theia Couture
Vera Wang
Watters
Wedding Corporation Milla Nova LLC
Winnie Couture
Yumi Katsura International Co., Ltd.
Zuhair Murad

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
As the Race between the Virus & Vaccines Intensifies, Review of the World Economy in 2021 and Beyond
With IMF Making an Upward Revision of Global GDP for 2022, Businesses Remain Bullish About an Economic Comeback
World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
Bridal Wear Industry Remains Hard Hit amid the Pandemic
% of Household Income Lost Due to COVID-19
Number of Weddings in the US: 2015-2022
Pandemic Impact on Bridal Fashion Industry
Key Future Trends in Bridal Fashion and Wedding Dresses
Top Trends That Are Likely to Shape the Future of Weddings
Supply Issues Lead to Delays in Wedding Dresses
Bridal Industry Innovatively Adapts to the New Normal
Wedding Dress Retailers Bet on Online Channel to Bounce Back after Containment of COVID-19
Bridal Wear – Global Key Competitors Percentage Market Share in 2022 (E)
Bridal Wear Market: A Prelude
Annual Number of Marriages Worldwide per 1000 People for Major Countries: 2019
The Changing Face Bridal Attire
World Brands
Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Global Market Outlook
Bridal Wear Market Trends Shape Growth Opportunities
Bridal Wear Market Trends: Sweet & Bitter Spots
Growth Drivers in a Nutshell
The Colossal Global Wedding Industry Drive Perennial Demand for Wedding Dresses
Global Average Spending on Weddings by Country: 2019
Global Wedding Spend by Expense Category (2021)
COMPETITION
Key Market Participants
Designer Fortunes and Promotional Strategies Driven by Referrals
Bridal Magazines: A Prime Advertising Medium
Increasing Number of Brands Adopt Online Platform
Global Designer Brands Eye Emerging Markets
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Rise in Micro Weddings Spur Interest in Unconventional Bridal Wear
A Peek into Select Trends
Bridal Wear Designers Try to Meet Expectations Amid the Covid-19 Crisis
COVID-19 Disrupts Wedding Plans & Prompts Brides to Eschew Traditional Silhouettes
Bridal Wear Shoppers Get More Decisive
Brands Try to Give Back
Role of Technology in Sustaining Bridal Retail Business Amid Covid-19 Pandemic
AR/VR Technologies Gain Increased Adoption
Emergence of Direct-to-Consumer Bridalwear Brands
Experimentation & Individualism Drive the Emerging Themes and Popular Fashion Trends in Bridal Wear Market
EXHIT: Popular Wedding Dress Styles in 2020 in %
Product Premiumization Boosts Market Prospects
Mass Market Gains Appeal
Changing Strategies in Mass Market
Retailers Mend Strategies to Thrive amid Changing Trends in Bridal Wear Market
Social Media Influencers Drive Healthy Market Gains
Digital Transformation in Wedding Industry
Top Digital priorities for Retailers
Pandemic Accelerates Adoption of e-Commerce
Traditional Wear Gets Redesigned as Lesser Number of Millennials Seek a Conventional Wedding
Evolution of the Modern Informed Bride
Information Sources Used by Millennial Brides (2021)
Plus-Size Bridal Wear Offers Huge Untapped Market Potential
Global Plus Size Market by Gender: 2021
Obesity Prevalence Rate (%) in Select Countries for the Years 2019 and 2030P
Global Obesity Epidemic: Percentage of Overweight, Obese, and Severely Obese Adults for 2014 & 2025
While Millennials and their Growing Extravagance Remain the Fundamental Growth Driver, the Industry Keeps a Watch on Generation Z
Global Millennials Population by Region: 2021
Generation Composition (In % of Total Population)
Bridal Brands Shift Focus on Attracting Gen-Z Shoppers
Average Age of Marriage for Women for Select Countries: 2021
Same-Sex Wedding Legalization Bodes Well for Bridal Wear Brands
Celebrities and Actresses Continue to Influence Market Fortunes
Rise in Number of Non-Bridal Wear Retailers
Ready-to-Wear, Lower Priced Wedding Dresses Continue to Cannibalize High-end Brands
Rising Demand for Wedding Jewelry Benefit Market Expansion
A Psychographic Profile of Bridal Jewelry Shoppers
Self-Purchasing Trend, Bridal Demand and Young Customers Foster Growth of Platinum Jewelry
Bridal Salons: A Propitious Niche
Bridal Accessories: The Crowning Glory of a Bride’s Attire
Rental & Second-Hand Gowns Influence Revenues

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/37sofq

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