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

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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