Bridal Gowns Market Size, Share, Growth Analysis, Business Insights And Forecast To 2033

The Business Research Company recently released a comprehensive report on the Global Bridal Gowns Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, 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 growth in the historic period can be attributed to cultural traditions, industrial revolution, rise of fashion magazines, Hollywood influence, post-war bridal boom.

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%. The growth in the forecast period can be attributed to sustainable fashion movement, digitalization of shopping experience, influencer marketing, increasing demand for inclusive sizing options, growth of destination weddings. Major trends in the forecast period include incorporation of technology such as smart fabrics, rise of minimalist designs, fusion of traditional and modern elements, virtual try-on experiences, eco-friendly bridal gowns.

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Market Drivers and Trends:

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.

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.

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Major Key Players of the Market:

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

Bridal Gowns Market 2024 Key Insights:

• The bridal gowns market is expected to grow to $58.19 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
• Rising Wedding Numbers Surge Bridal Gown Market
• Increasing Focus On Redefining Bridal Fashion With Eco-Minded Collection
• Asia-Pacific was the largest region in the bridal gowns market in 2023

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