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BRIDAL WEAR

Global Market Trajectory & Analytics

MCP-1033

VALIDATED EXECUTIVE ENGAGEMENTS

POOL + OUTREACH

923
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

182
Interactions with Platform & by Email

PARTICIPANTS

37
Unique # Participated

VALIDATIONS

17
Responses Validated*
* Login to view program details and full enterprise executive list.

DATE

AUGUST 2020

TABLES

84

PAGES

299

EDITION

18

PRICE

USD $5600


GLOBAL EXECUTIVE SURVEY

Impact of Pandemic & Economic Slowdown

Monitor Market Dynamics!

Early March 2020, we reached out to senior enterprise executives who are driving strategy, business development, marketing, sales, product management, technology and operations at competitive firms worldwide. Our ongoing survey is focused on how this will this affect their business ecosystems. We invite you to participate in our survey and add to collective perspectives. Market movements are tracked for 2020, 2021 and broadly for the period of 2022 through 2025. Critical changes are monitored dynamically for the rest of this year. Updated analytics will reflect new and evolving market realities. Our first update scheduled for May 2020 and another in the Fall. Clients receive complimentary updates during 2020. If your company is a recent client for this project, we may have already reached out to your colleagues to participate in our program. If you're an active player in the space but hasn't yet subscribed to our project, we invite you to participate and share your perspectives. Please sign-up here.

As the wedding industry goes into turmoil with the COVID-19 pandemic hijacking social life and pushing business as usual practices against the wall, Bridal Wear is in for severe short and medium term challenges. A tiny virus has changed the social, business and economic landscape beyond recognition, as businesses big and small shut shops, consumers disappear, discretionary income evaporates amid job losses and the global economy plunges into the darkest of depths. Growth in the global Bridal Wear market against this backdrop has been revised and is now projected to reach US$79.7billion by 2027. As employment rates skyrockets, the erosion of household wealth brings bad news for the wedding industry which is critically reliant on consumer disposable incomes. Consumer confidence is rapidly plummeting and plunging in parallel will be spending. Among the expenses people cut back due to COVID-19 will be wedding spends. Wedding cancelations are already rampant and most hard hit are destination weddings. While production of wedding gowns remains impacted by the lockdown restrictions, love is taking on a newer and less expensive meaning. Couples are moving to live streaming of their weddings using videoconferencing applications like zoom. Simple at-home weddings on a budget are becoming the norm and this means painful decline in demand for bridesmaid dresses and expensive made to order bridal gowns and accessories.

The market will nevertheless bounce back once the considerably restricted public life is relaxed and the economy heals eventually. The market will be sustained by the continued faith in the religious sanctity of marriage even amid the rapidly emerging divide in cultural values, changing patterns in family life and altering ideas of love, intimacy and contemporary marital practices. Given that the wedding industry is founded on cultural and religious ideas and practices, rapid social changes including the growth of cohabitation have and will pose challenges to growth even into the coming years. However, despite the challenge, marriage continues to remain an important building block of human civilization as the ultimate public affirmation of commitment to monogamy. As the only institution that epitomizes selfishness in a self-centered society, marriages will continue to remain the foundation for a healthy society promoting the common good in humanity by building stronger families and raising more conscientious children.

Few of the factors, although currently in hiatus, expected to sustain growth in the post COVID-19 period include the coming of the new millennia's of marriageable age; marketization of marriages; growing pressure to turn weddings into an "experience"; innovations in bridal wear fabric, designs and styles; rise of the internet, social media and ensuing popularity of e-commerce as a preferred retailing avenue; evergreen lure of off-shoulder wedding dresses with plunging necklines in lightweight, lustrous soft fabric; launch of new designs and collections of plus size wedding gowns against the backdrop of a growing proportion of the female population wearing dress sizes of 16 and over; prominence of oversized wedding jewelry and Cinderella wedding shoes in shimmering ivory and silver; rise in beach side honeymoons and the resulting interest in beach friendly and practical wrinkle-resistant honeymoon costumes. Although the U. S and Europe continue to heavily influence fashion trends in the global market, the already mature market profile, limited growth in population, changing cultural values and the growing threat of "deinstitutionalization" of marriage" will present key challenges to growth. Rest of world, comprising the Middle East and African markets, will witness the fastest growth supported by the still intact cultural belief systems which are relatively less affected by the globalization of cultural beliefs; rising affluence and a parallel increase in wedding spends.
Allure Bridals, Inc.; David`s Bridal Inc.; Elie Saab; Harrods Ltd.; Helen Rodrigues; JLM Couture Inc.; Macy`s, Inc.; Monique Lhuillier; Naeem Khan; Paloma Blanca; Pronovias Fashion Group; Sophia Tolli; Temperley London; Vera Wang; Watters; Winnie Couture; Yumi Katsura International Co., Ltd.; Zuhair Murad
» Distribution Channel (Offline, Online)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa

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05
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
Ongoing COVID-19 Outbreak Squeezes Wedding Gowns Supply
% of Household Income Lost Due to COVID-19
Bridal Wear Stores Hit Hard During Coronavirus Pandemic
COVID-19 Disrupts Production of Wedding Gowns in China, Affecting Global Supplies
Wedding Dress Retailers Bet on Online Channel to Bounce Back after Containment of COVID-19
Near Term Expectations
Bridal Wear Market: A Prelude
Exhibit: Annual Number of Marriages Worldwide per 1000 People for Major Countries: 2019
The Changing Face Bridal Attire
Global Market Outlook
Future Market Trends Unfurl Lucrative Growth Opportunities
Growth Drivers in a Nutshell
The Era of Marriageable Millennials and their Growing Extravagance: The Fundamental Growth Driver
Exhibit: Global Millennials Population by Region: 2019
The Colossal Global Wedding Industry Drive Perennial Demand for Wedding Dresses
Exhibit: Global Average Spending on Weddings by Country: 2019E
EXHIBIt: Global Wedding Spend by Expense Category (2018)
COMPETITION
Key Market Participants
Designer Fortunes and Promotional Strategies Driven by Referrals
Popular Wedding Dress Designers and Fashion Houses Worldwide
Bridal Magazines: A Prime Advertising Medium
More Brands Adopt Online Platform
Global Designer Brands Eye Emerging Markets
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Bridal Wear Designers Try to Meet Expectations Amid the Covid-19 Crisis
Bridal Wear Shoppers to Become More Decisive
Brands Try to Give Back
AR/VR Integration in Bridal Wear Industry
Popular Fashion Trends in Bridal Wear Market
Rise in Product Premiumization Boosts Market Prospects
Mass Market Gains Appeal
Changing Strategies in Mass Market
Changing Trends in Bridal Wear Market Require Retailers to Mend Strategies to Thrive
Social Media Influencers Drive Healthy Market Gains
Digital Innovation Transforms the Wedding Industry
Social Media and e-Commerce in Weddings Continue to Grow
Traditional Wear Gets Redesigned as Lesser Number of Millennials Seek a Conventional Wedding
Evolution of the Modern Informed Bride
Exhibit: Information Sources Used by Millennial Brides (2018)
Plus-Size Bridal Wear Offers Huge Untapped Market Potential
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 Brides Attire
4. GLOBAL MARKET PERSPECTIVE
Bridal Wear Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
Bridal Wear Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2012-2019
Bridal Wear Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
Offline (Distribution Channel) World Market by Region/Country in US$ Thousand: 2020 to 2027
Offline (Distribution Channel) Historic Market Analysis by Region/Country in US$ Thousand: 2012 to 2019
Offline (Distribution Channel) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
Online (Distribution Channel) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027
Online (Distribution Channel) Historic Market Perspective by Region/Country in US$ Thousand: 2012 to 2019
Online (Distribution Channel) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
GEOGRAPHIC MARKET ANALYSIS
United States
Marriage Deferrals Amid Covid-19 Impacts Bridal Wear Market
Shopping for Bridal Wear to Change Drastically after the COVID-19 Crisis
US Wedding Market : A Preview
US Wedding Statistics and Facts: Important Opportunity Indicators
Bridal Wear Market Embraces Newer Business Models
Trends Outlined
Underserved Plus-Size Bridal Dress Segment Offers Huge Market Opportunities
Millennials Alter Bridal Wear Trends
High Bridal Jewelry Sales Bodes Well for Market Growth
Same-Sex Weddings Follow Similar Trends as Heterosexual Weddings
Competitive Scenario
Bridal Wear Marketplace: Extremely Fragmented
Distribution Scenario
Online Shopping of Wedding Dresses Gathers Momentum
Discount Stores Grow in Popularity
Market Analytics
United States Bridal Wear Market Estimates and Projections in US$ Thousand by Distribution Channel: 2020 to 2027
Bridal Wear Market in the United States by Distribution Channel: A Historic Review in US$ Thousand for 2012-2019
United States Bridal Wear Market Share Breakdown by Distribution Channel: 2012 VS 2020 VS 2027
Canada
Market Overview
EXHIBIT: Canadian Millennial Population (In Million) for the Years 2015, 2025, 2035, and 2045
Market Analytics
Canadian Bridal Wear Market Estimates and Forecasts in US$ Thousand by Distribution Channel: 2020 to 2027
Canadian Bridal Wear Historic Market Review by Distribution Channel in US$ Thousand: 2012-2019
Bridal Wear Market in Canada: Percentage Share Breakdown of Sales by Distribution Channel for 2012, 2020, and 2027
Japan
Rise in Number of Couples Opting for Western Styled Weddings
Japanese Market for Bridal Wear: Annual Sales Estimates and Projections in US$ Thousand by Distribution Channel for the Period 2020-2027
Bridal Wear Market in Japan: Historic Sales Analysis in US$ Thousand by Distribution Channel for the Period 2012-2019
Japanese Bridal Wear Market Share Analysis by Distribution Channel: 2012 VS 2020 VS 2027
China
Market Overview
Largest Producer and Exporter of Bridal Wear Worldwide
Colossal Wedding Market Provides Lucrative Opportunities to International Bridal Wear Brands
Large Consumer Base of Young Population Offers Huge Untapped Potential
Expanding Middle Class Population Drives Wedding Spend
Haute Couture Sizzles in Chinese Bridals
China Emerges as a Rapidly Growing Market for Diamond Bridal Jewelry
Wedding Planners Continue to Mushroom in China
Market Analytics
Chinese Bridal Wear Market Growth Prospects in US$ Thousand by Distribution Channel for the Period 2020-2027
Bridal Wear Historic Market Analysis in China in US$ Thousand by Distribution Channel: 2012-2019
Chinese Bridal Wear Market by Distribution Channel: Percentage Breakdown of Sales for 2012, 2020, and 2027
Europe
Market Overview
European Bridal Wear Market Demand Scenario in US$ Thousand by Region/Country: 2020-2027
Bridal Wear Market in Europe: A Historic Market Perspective in US$ Thousand by Region/Country for the Period 2012-2019
European Bridal Wear Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
European Bridal Wear Market Estimates and Forecasts in US$ Thousand by Distribution Channel: 2020-2027
Bridal Wear Market in Europe in US$ Thousand by Distribution Channel: A Historic Review for the Period 2012-2019
European Bridal Wear Market Share Breakdown by Distribution Channel: 2012 VS 2020 VS 2027
France
Market Overview
Bridal Wear Market in France by Distribution Channel: Estimates and Projections in US$ Thousand for the Period 2020-2027
French Bridal Wear Historic Market Scenario in US$ Thousand by Distribution Channel: 2012-2019
French Bridal Wear Market Share Analysis by Distribution Channel: 2012 VS 2020 VS 2027
Germany
Market Overview
Bridal Wear Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Distribution Channel for the Period 2020-2027
German Bridal Wear Historic Market Analysis in US$ Thousand by Distribution Channel: 2012-2019
German Bridal Wear Market Share Breakdown by Distribution Channel: 2012 VS 2020 VS 2027
Italy
Market Overview
Italian Bridal Wear Market Growth Prospects in US$ Thousand by Distribution Channel for the Period 2020-2027
Bridal Wear Historic Market Analysis in Italy in US$ Thousand by Distribution Channel: 2012-2019
Italian Bridal Wear Market by Distribution Channel: Percentage Breakdown of Sales for 2012, 2020, and 2027
United Kingdom
Market Overview
A Journey through the Maze of Wedding Outfit Styles
Second-hand Gowns and Rings in Vogue
High-Street Retailers Eye the Market for Bridal Wear
E-Commerce Gains Pace
Competitive Scenario
Market Analytics
United Kingdom Market for Bridal Wear: Annual Sales Estimates and Projections in US$ Thousand by Distribution Channel for the Period 2020-2027
Bridal Wear Market in the United Kingdom: Historic Sales Analysis in US$ Thousand by Distribution Channel for the Period 2012-2019
United Kingdom Bridal Wear Market Share Analysis by Distribution Channel: 2012 VS 2020 VS 2027
Spain
Market Overview
Bridal Fashion in Spain: A Major Employer
Bridal Tourism Augurs Well for Market Growth
Online Sales and Social Media Boost Opportunities
Market Analytics
Spanish Bridal Wear Market Estimates and Forecasts in US$ Thousand by Distribution Channel: 2020 to 2027
Spanish Bridal Wear Historic Market Review by Distribution Channel in US$ Thousand: 2012-2019
Bridal Wear Market in Spain: Percentage Share Breakdown of Sales by Distribution Channel for 2012, 2020, and 2027
Russia
Market Overview
Russian Bridal Wear Market Estimates and Projections in US$ Thousand by Distribution Channel: 2020 to 2027
Bridal Wear Market in Russia by Distribution Channel: A Historic Review in US$ Thousand for 2012-2019
Russian Bridal Wear Market Share Breakdown by Distribution Channel: 2012 VS 2020 VS 2027
Rest of Europe
Market Overview
Rest of Europe Bridal Wear Market Estimates and Forecasts in US$ Thousand by Distribution Channel: 2020-2027
Bridal Wear Market in Rest of Europe in US$ Thousand by Distribution Channel: A Historic Review for the Period 2012-2019
Rest of Europe Bridal Wear Market Share Breakdown by Distribution Channel: 2012 VS 2020 VS 2027
Asia-Pacific
Asia-Pacific Bridal Wear Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
Bridal Wear Market in Asia-Pacific: Historic Market Analysis in US$ Thousand by Region/Country for the Period 2012-2019
Asia-Pacific Bridal Wear Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
Bridal Wear Market in Asia-Pacific by Distribution Channel: Estimates and Projections in US$ Thousand for the Period 2020-2027
Asia-Pacific Bridal Wear Historic Market Scenario in US$ Thousand by Distribution Channel: 2012-2019
Asia-Pacific Bridal Wear Market Share Analysis by Distribution Channel: 2012 VS 2020 VS 2027
Australia
Bridal Wear Market in Australia: Recent Past, Current and Future Analysis in US$ Thousand by Distribution Channel for the Period 2020-2027
Australian Bridal Wear Historic Market Analysis in US$ Thousand by Distribution Channel: 2012-2019
Australian Bridal Wear Market Share Breakdown by Distribution Channel: 2012 VS 2020 VS 2027
South Korea
Bridal Wear Market in South Korea: Recent Past, Current and Future Analysis in US$ Thousand by Distribution Channel for the Period 2020-2027
South Korean Bridal Wear Historic Market Analysis in US$ Thousand by Distribution Channel: 2012-2019
Bridal Wear Market Share Distribution in South Korea by Distribution Channel: 2012 VS 2020 VS 2027
Rest of Asia-Pacific
India
Singapore
Market Analytics
Rest of Asia-Pacific Market for Bridal Wear: Annual Sales Estimates and Projections in US$ Thousand by Distribution Channel for the Period 2020-2027
Bridal Wear Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Thousand by Distribution Channel for the Period 2012-2019
Rest of Asia-Pacific Bridal Wear Market Share Analysis by Distribution Channel: 2012 VS 2020 VS 2027
Latin America
Latin American Bridal Wear Market Trends by Region/Country in US$ Thousand: 2020-2027
Bridal Wear Market in Latin America in US$ Thousand by Region/Country: A Historic Perspective for the Period 2012-2019
Latin American Bridal Wear Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
Latin American Bridal Wear Market Growth Prospects in US$ Thousand by Distribution Channel for the Period 2020-2027
Bridal Wear Historic Market Analysis in Latin America in US$ Thousand by Distribution Channel: 2012-2019
Latin American Bridal Wear Market by Distribution Channel: Percentage Breakdown of Sales for 2012, 2020, and 2027
Argentina
Argentinean Bridal Wear Market Estimates and Forecasts in US$ Thousand by Distribution Channel: 2020-2027
Bridal Wear Market in Argentina in US$ Thousand by Distribution Channel: A Historic Review for the Period 2012-2019
Argentinean Bridal Wear Market Share Breakdown by Distribution Channel: 2012 VS 2020 VS 2027
Brazil
Bridal Wear Market in Brazil by Distribution Channel: Estimates and Projections in US$ Thousand for the Period 2020-2027
Brazilian Bridal Wear Historic Market Scenario in US$ Thousand by Distribution Channel: 2012-2019
Brazilian Bridal Wear Market Share Analysis by Distribution Channel: 2012 VS 2020 VS 2027
Mexico
Bridal Wear Market in Mexico: Recent Past, Current and Future Analysis in US$ Thousand by Distribution Channel for the Period 2020-2027
Mexican Bridal Wear Historic Market Analysis in US$ Thousand by Distribution Channel: 2012-2019
Mexican Bridal Wear Market Share Breakdown by Distribution Channel: 2012 VS 2020 VS 2027
Rest of Latin America
Rest of Latin America Bridal Wear Market Estimates and Projections in US$ Thousand by Distribution Channel: 2020 to 2027
Bridal Wear Market in Rest of Latin America by Distribution Channel: A Historic Review in US$ Thousand for 2012-2019
Rest of Latin America Bridal Wear Market Share Breakdown by Distribution Channel: 2012 VS 2020 VS 2027
Rest of World
Rest of World Bridal Wear Market Estimates and Forecasts in US$ Thousand by Distribution Channel: 2020 to 2027
Rest of World Bridal Wear Historic Market Review by Distribution Channel in US$ Thousand: 2012-2019
Bridal Wear Market in Rest of World: Percentage Share Breakdown of Sales by Distribution Channel for 2012, 2020, and 2027
Total Companies Profiled : 179

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