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Bridal Wear Market Report 2024: Size, Share, Growth, Trends, Competitive Analysis And Forecast To 2033
Bridal Wear Market
Bridal Wear Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $77.7 billion In 2028 At A CAGR Of 4.3% :
The bridal wear market size has grown strongly in recent years. It will grow from $62.2 billion in 2023 to $65.6 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to cultural traditions and customs, economic prosperity and disposable income, fashion trends and influences, social expectations and norms, rise of bridal magazines and media.
The bridal wear market size is expected to see steady growth in the next few years. It will grow to $77.7 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to sustainability and ethical fashion movement, digitalization and e-commerce growth, customization and personalization trends, rise of destination weddings and travel trends, demand for inclusivity and diversity in bridal fashion. Major trends in the forecast period include eco-friendly and sustainable bridal collections, virtual try-on and augmented reality experiences, minimalist and simplistic wedding dress designs, gender-neutral and non-traditional bridal wear, fusion of cultural and modern elements in bridal attire.
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Bridal Wear Market Major Segments
The bridal wear market covered in this report is segmented -
1) By Product: Gown, Traditional Wear
2) By Distribution Channel: Offline, Online
3) By Application: Wedding Dress Renting Service, Wedding Consultant, Photographic Studio, Personal Purchase
Key Driver - Surge In Weddings Propels Growth In The Bridal Gowns Market
The rising number of weddings is expected to propel the growth of the bridal wear market going forward. A wedding is a ceremony or celebration of marriage where two people are united in matrimony, and it involves various traditions, customs, and rituals that vary across cultures, religions, and social classes. The increasing demand for bridal wear is closely linked to the rising number of weddings, as bridal garments and related jewelry and accessories are central to the ceremony, symbolizing tradition, style, and personal expression for marrying couples. For instance, in 2022, according to data from the National Center for Health Statistics (NCHS), a US-based government agency, the number of marriages in the U.S. surged from 1,676,911 in 2020 to 1,985,072 in 2021, while the marriage rate climbed from 5.1 marriages per 1,000 to 6.0. Therefore, the rising number of weddings is driving the growth of the bridal wear market.
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Prominent Trend - Innovating Bridal Fashion With The First-Ever Eco-Minded Bridal Gown Collection
Major companies operating in the bridal wear market are focused on introducing innovative and environment-friendly bridal wear collections, such as eco-minded bridal collections, to drive their revenues in the market. Eco-minded bridal collections refer to bridal gown collections that place a premium on eco-friendliness, ethical manufacture, and sustainability. For instance, in March 2023, David's Bridal Inc., a US-based clothing brand specializing in wedding dresses, launched REIMAGINE by DB Studio, their first-ever eco-minded collection of bridal gowns made from effortlessly chic recycled fabrics. The REIMAGINE by DB Studio line is carefully designed to evoke enduring memories while reducing the environmental impact for the environmentally conscious modern bride, as part of a continuous objective to provide new luxury to all clients. The collection, which ranges in price from $299 to $599, incorporates distinctive patterns that draw attention to the key fashion trends and looks of the season, including dramatic necklines, intricate back details, versatile sleeve options, modern takes on the classic lace appearance, and more.
Bridal Wear Market Players
Major players in the bridal wear market are Louis Vuitton Malletier, Macy's Inc., Hennes & Mauritz AB, Gianni Versace Srl (Capri Holdings Limited), ASOS PLC, Giorgio Armani SpA, Express Inc., Harrods Limited, Pronovias Fashion Group, Vera Wang, Dorothy Perkins, Elie Saab France, Zuhair Murad, Alfred Angelo Inc., Justin Alexander Limited, Temperley London, Watters Designs Inc., Monique Lhuillier Inc., Oscar de la Renta, JLM Couture Inc., Betsy & Adam, Paloma Blanca, Winnie Couture Inc., Naeem Khan Ltd., Moonlight Bridal Design Inc, Sophia Tolli, Theia Couture, Yumi Katsura International Co. Ltd., and Madeline Gardner New York.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the bridal wear market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bridal wear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Bridal Wear Market Report Structure
3. Bridal Wear Market Trends And Strategies
4. Bridal Wear Market - Macro Economic Scenario
5. Bridal Wear Market Size And Growth
…..
27. Bridal Wear Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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