Tying the knot: External firms have tightened their grip on the market, limiting growth

The Bridal Stores industry is just a small part of the multibillion-pound UK wedding business. Operators in the industry provide wedding gowns and bridal accessories, as well as clothing and accessories for the bridal party. They traditionally benefit from a bride's desire to look good on her wedding day, which often prompts high spending. However, until quite recently, there has been a long-term decline in the UK marriage rate as society's attitudes to matrimony have changed. In addition, consumer spending was low in the early part of the past five-year period due to the effects of a faltering economic recovery. The average spend on weddings and expenditure on bridalwear were relatively low as a result.The industry is also facing growing competition from external operators...read more.

Industry Statistics & Market Size
Revenue
£282.7m
Annual Growth 13-18
1.3%
Forecast Growth 18-23
Profit
Employment
6,981
Businesses
4,042

Industry Threats & Opportunities

  • The industry has faced rising competitive pressures from high-street and online stores
  • Spending on wedding dresses has fallen over the past five-year period
  • If the Cohabitation Rights Bill, people may be discouraged from marrying and demand may decline
  • Industry Report - Industry Analysis Chapter

    Over the five years through 2017-18, the industry’s revenue is expected to grow at a compound annual rate of 1.3%. Growth has been supported inflated wedding budgets due to economic recovery and rising disposable income over the majority of the period. However, changing social attitudes and weak growth in the marriage rate have pressured operators since demand for the industry’s products is influenced by the number of marriages in the United Kingdom. Many consumers are choosing to postpone marriage, with cohabitation outside the traditional bonds of marriage having grown increasingly common. In addition, external competition from department stores, clothing retailers and online operators has grown considerably over the past decade, threatening industry performance. Dec...purchase to read more.

    Additional Insights for the Bridal Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Bridal Stores Industry are

  • Establishment of brand names
  • Ability to alter goods and services produced in favour of market conditions
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Real private consumption expenditure and Marriage rate in the Bridal Stores industry impact industry performance..

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    What's in this report

    What is the Bridal Stores Industry?

    Stores in this industry specialise in selling wedding dresses and clothes for members of the bridal party, including jewellery and accessories. Some stores also provide fitting and alteration services. The industry excludes the bridal sections of department stores and online retailers that sell similar items.

    Industry Products
  • Wedding dresses
  • Accessories
  • Bridesmaid dresses
  • Other bridal party attire
  • Industry Activities
  • Retailing wedding dresses
  • Retailing bridesmaid dresses
  • Retailing bridal jewellery and accessories
  • Retailing other bridalwear
  • Fitting and altering wedding dresses
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Real private consumption expenditure
  • Marriage rate
  • Demand from department stores
  • Expenditure by household income- highest quintile
  • Total online expenditure

  • Current Performance
  • Marriage delays
  • Industry competition
  • Fighting competition
  • Profit performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Marriage trends
  • Competitive threats
  • Revenue growth
  • Table: Bridal Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Bridal Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Clothing & Footwear Wholesaling
  • Clothing Manufacturing
  • Footwear Manufacturing
  • Watch & Jewellery Wholesaling

  • Products & Services
  • Wedding dresses
  • Accessories
  • Bridesmaid dresses
  • Other bridal party attire
  • Other
  • Chart: Bridal Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Women aged between 25 and 34
  • Women aged between 35 and 44
  • Women aged between 16 and 24
  • Women aged 45 and over
  • Chart: Major Market Segmentation for the Bridal Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Bridal Stores

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Bridal Stores Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Bridal Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Bridal Stores Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Atelier
  • A specialist studio or workshop used by designer.
  • Couture
  • The design and manufacture of fashionable clothes to a client's specific requirements and measurements.
  • Mermaid Dress
  • A mermaid dress, often referred to as a trumpet dress, tightly fits the body until it flairs out around the knee.
  • Sheath Dress
  • A sheath dress, also known as a column dress, runs vertically from the shoulders down to the floor.
  • Trunk Show
  • These usually allow customers to try on the full collection of designs and ask questions of the designers or their representatives.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Bridal Stores market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Bridal Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Bridal Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Bridal Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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