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Bridal Gowns Market Growth Factors, Industry Size, Challenges And Forecast Till 2033
Bridal Gowns Market Growth
As per the report, the bridal gowns market size has grown strongly in recent years. It will grow from $40.16 billion in 2023 to $43.7 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The bridal gowns market size is expected to see strong growth in the next few years. It will grow to $58.19 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
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Rising Wedding Numbers Surge Bridal Gown Market
The growing number of weddings is expected to propel the growth of the bridal gowns 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 gowns is closely linked to the rising number of weddings, as these garments 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 growing number of weddings is driving the growth of the bridal gowns market.
Increasing Focus On Redefining Bridal Fashion With Eco-Minded Collection
Major companies operating in the bridal gowns market are focused on introducing innovative solutions, such as eco-minded bridal collections, to gain a competitive edge in the market. Eco-minded bridal collections refer to wedding dress lines that prioritize sustainability, ethical production, and the use of eco-friendly materials. For instance, in March 2023, David's Bridal Inc., a US-based clothing brand that specializes in wedding dresses, launched REIMAGINE by DB Studio, their first-ever eco-minded collection of gowns made from effortlessly chic recycled fabrics. The REIMAGINE by DB Studio line is meticulously developed to elicit long-lasting recollections while lowering the environmental effect for the sustainably modern bride, as part of an ongoing goal to deliver the new luxury to all clients. The collection, which ranges in price from $299 to $599, features unique designs that highlight this season's essential looks and trends, such as dramatic necklines, elaborate back detailing, adaptable sleeve options, contemporary interpretations of the traditional lace appearance, and more.
The bridal gowns market covered in this report is segmented -
1) By Type: Mermaid-Style Dresses, Ball Gowns, A-line Dresses, Trumpet Dresses, Tea-length Wedding Dresses, Sheath Wedding Dresses
2) By Category: Readymade, Customized
3) By Distribution Channel: Online, Offline
4) By Application: Wedding Dress Renting service, Wedding Consultant, Photographic Studio, Personal Purchase, Other Applications
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Major companies operating in the bridal gowns market are Louis Vuitton, Macy's Inc., Harrods Limited, Maggie Sottero Designs LLC, Pronovias Fashion Group, Vera Wang, Rosa Clara, Elie Saab France, Alfred Angelo Inc., Marchesa, Impression Bridal, Kleinfeld Bridal Corp., Justin Alexander Limited, Pepe Botella, Monique Lhuillier, Oscar De La Renta, JLM Couture Inc., Paloma Blanca, Mon Cheri Bridals, Moonlight Bridal Design Inc, Yumi Katsura International Co. Ltd, Atelier Eme, Franc Sarabia, Yolancris, Madeline Gardner New York, Naeem Khan, Carolina Herrera, De La Cierva & Nicolás, Lee Seung Jin, Guangdong Famory (Group) Co. Ltd., Jinchao
Contents of the report:
1. Executive Summary
2. Bridal Gowns Market Report Structure
3. Bridal Gowns Market Trends And Strategies
4. Bridal Gowns Market - Macro Economic Scenario
5. Bridal Gowns Market Size And Growth
…..
27. Bridal Gowns Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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