Global Bridal Wear Business Report 2023-2030 – Experimentation & Individualism Drive the Emerging Themes and Popular Fashion Trends

DUBLIN, Dec. 1, 2023 /PRNewswire/ — The “Bridal Wear – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

Global Bridal Wear Market to Reach $83.5 Billion by 2030

The global market for Bridal Wear estimated at US$61.1 Billion in the year 2022, is projected to reach a revised size of US$83.5 Billion by 2030, growing at a CAGR of 4% over the analysis period 2022-2030. Offline, one of the segments analyzed in the report, is projected to record 4% CAGR and reach US$71.3 Billion by the end of the analysis period. Growth in the Online segment is estimated at 3.7% CAGR for the next 8-year period.

The report highlights key future trends in bridal fashion and wedding dresses, emphasizing the changes shaping the future of weddings. Supply chain issues have led to delays in wedding dress deliveries, prompting the industry to adapt innovatively to the new normal. Bridal wear retailers are increasingly focusing on online channels to recover post-pandemic.

The competitive landscape is explored, with insights into key market participants, designer strategies, and the role of bridal magazines and online platforms. Despite challenges, the global wedding industry’s enduring demand for wedding dresses remains a driving force in the market, with significant spending on weddings observed worldwide. 

The U.S. Market is Estimated at $27 Billion, While China is Forecast to Grow at 6% CAGR

The Bridal Wear Industry has faced significant challenges during the pandemic, with a notable impact on household incomes and the number of weddings in the US. 

The Bridal Wear market in the U.S. is estimated at US$27 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$8.8 Billion by the year 2030 trailing a CAGR of 6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 3.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

What`s New?

Special discussions on the global economic climate and market sentimentCoverage on global competitiveness and key competitor percentage market sharesMarket presence analysis across multiple geographies – Strong/Active/Niche/TrivialOnline interactive peer-to-peer collaborative bespoke updatesAccess to digital archives and trademarked research platformComplimentary updates for one yearAccess to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET TRENDS & DRIVERS

Rise in Micro Weddings Spur Interest in Unconventional Bridal WearA Peek into Select TrendsBridal Wear Designers Try to Meet Expectations Amid the Covid-19 CrisisCOVID-19 Disrupts Wedding Plans & Prompts Brides to Eschew Traditional SilhouettesBridal Wear Shoppers Get More DecisiveBrands Try to Give BackRole of Technology in Sustaining Bridal Retail Business Amid Covid-19 PandemicAR/VR Technologies Gain Increased AdoptionEmergence of Direct-to-Consumer Bridalwear BrandsExperimentation & Individualism Drive the Emerging Themes and Popular Fashion Trends in Bridal Wear MarketProduct Premiumization Boosts Market ProspectsMass Market Gains AppealChanging Strategies in Mass MarketRetailers Mend Strategies to Thrive amid Changing Trends in Bridal Wear MarketSocial Media Influencers Drive Healthy Market GainsDigital Transformation in Wedding IndustryTop Digital priorities for RetailersPandemic Accelerates Adoption of e-CommerceTraditional Wear Gets Redesigned as Lesser Number of Millennials Seek a Conventional WeddingEvolution of the Modern Informed BrideInformation Sources Used by Millennial Brides (2021)Plus-Size Bridal Wear Offers Huge Untapped Market PotentialGlobal Plus Size Market by Gender: 2021Obesity Prevalence Rate (%) in Select Countries for the Years 2019 and 2030PGlobal Obesity Epidemic: Percentage of Overweight, Obese, and Severely Obese Adults for 2014 & 2025While Millennials and their Growing Extravagance Remain the Fundamental Growth Driver, the Industry Keeps a Watch on Generation ZGlobal Millennials Population by Region: 2021Generation Composition (In % of Total Population)Bridal Brands Shift Focus on Attracting Gen-Z ShoppersAverage Age of Marriage for Women for Select Countries: 2021Same-Sex Wedding Legalization Bodes Well for Bridal Wear BrandsCelebrities and Actresses Continue to Influence Market FortunesRise in Number of Non-Bridal Wear RetailersReady-to-Wear, Lower Priced Wedding Dresses Continue to Cannibalize High-end BrandsRising Demand for Wedding Jewelry Benefit Market ExpansionA Psychographic Profile of Bridal Jewelry ShoppersSelf-Purchasing Trend, Bridal Demand and Young Customers Foster Growth of Platinum JewelryBridal Salons: A Propitious NicheBridal Accessories: The Crowning Glory of a Bride’s AttireRental & Second-Hand Gowns Influence Revenues

FOCUS ON SELECT PLAYERS (Total 242 Featured)

Giorgio Armani SpALVMH Moet Hennessy – Louis VuittonMacy`s, Inc.Iconix Brand Group, Inc.H & M Hennes & Mauritz ABGianni Versace SrlOscar de la RentaJLM Couture, Inc.Harrods Ltd.Elie Saab Liban SAL (Elie Saab)Hanns-Jurgen KLEEMEIERBadgley Mischka LLCDorothy PerkinsLUNARMoonlight Bridal

For more information about this report visit https://www.researchandmarkets.com/r/ub34pw

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