Wedding Wear Market Size, Share, Trends, Growth, and Global Industry Analysis by Type (Female Wedding Wear, and Male Wedding Wear), By Application (Online and Offline), Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights, and Forecast From 2024 To 2031

Updated On: 08 April 2024

WEDDING WEAR MARKET REPORT OVERVIEW

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The global wedding wear market size is estimated to be USD 55690 million in 2022 and is projected to touch USD 79257.92 million by 2031, at a CAGR of 4.0% during the forecast period. In the market study, our analysts have considered wedding wear players such as David’s Bridal, Kleinfeld Bridal, Harrods Limited, Elie Saab France, Justin Alexander, JLM Couture, Moonlight Bridal Design, Maggie Sottero Designs and Stella McCartney. 

Wedding wear is the dress worn by the bride and bridegroom during wedding ceremony. The dress varies from culture to culture and religion to religion. Further, wedding dresses are changing according to the contemporary fashion. Wedding dress is very important in any marriage ceremony. The dress for both male and females should be clean and pure as it a symbol of religious ceremony.

Increasing number of fashion designers and advent of mass marketing is estimated to fuel market growth. Growing popularity of destination wedding among millennial generation is projected to accelerate product demand. Different traditions globally require multiple dresses on wedding day is projected to accelerate market growth. Increasing fashion sense and growing trend for stylish and unique weeding outfits is responsible to accelerate wedding wear market growth during the forecast period.

COVID-19 Impact: Lockdown Restrictions to Limit Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with wedding wear experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the wedding wear market growth and demand returning to pre-pandemic levels once the pandemic is over.

Outbreak of COVID-19 pandemic completely changed the demand for wedding outfit. Lockdown restrictions encouraged halt in wedding ceremonies. Increasing need to control the spreading of virus witnessed closure of shops and stores. Government initiatives to limit number of invitees in the marriages which reduced demand for the product.

On the contrary, post pandemic the market witnessed high demand due to increasing number of weddings. Rising precaution and safety methods adopted by the families and invitees is projected to boost product demand. Also, following social distancing’s protocols in the wedding functions and taking RTPCR test. Such factors are responsible to boost market growth.

LATEST TRENDS

"Increasing Fashion Sense to Propel Market Expansion"

Increasing number of fashion trends among population is expected to fuel market growth. Growing awareness for dressing sense and looks are projected to boost product demand. Further, rising innovation and creativity to create unique and aesthetic outfits for wedding day is predicted to accelerate wedding wear market growth. Increasing number of fashion designers globally is estimated to fuel product demand. Different fashion designers introduce different traditional outfits with modern touch to attract potential customers. During 18^th and 19^th century bridal dresses were simple and their innovation in the form of sleeves, length, and shapes. However, today’s bridal wear is theme-based and bridal gowns varies from bridal choice.

WEDDING WEAR MARKET SEGMENTATION

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• By Type

Based on type, the market is divided into female wedding wear and male wedding wear.

Female wedding wear is the leading part of the type segment.

• By Application

On the basis of application, the market is classified into online and offline

Offline is the leading part of the market application.

DRIVING FACTORS

"Growing Popularity for Destination Weddings to Foster Market Expansion "

Increasing demand for destination weddings among millennial generation is expected to propel market growth. Lavish wedding themes in the presence of family and closed ones is projected to drive market growth. Rising popularity to wear stylish wedding wear and multiple outfits according to ceremony is estimated to fuel market growth. Rise in fashionable wear for men and women and growing demand for stylish outfits are predicted to drive market growth during forecast period. Growing demand for matching outfits and local designers offering customized designs at a low price. Such factors are responsible to accelerate wedding wear market growth in the coming years. In addition, growing influence from celebrities and increasing trend to re-create celebrity’s looks are predicted to boost product adoption.

"Increasing Inter-Caste Marriages to Stimulate Market Growth "

Increasing number of inter-caste marriages in various countries are estimated to fuel market growth. Growing demand for two types of cultural ceremonies are predicted to boost product adoption. Following different cultural ceremonies encouraged multiple outfits which is projected to drive market growth. Also, increasing varieties of cultural groups boosted product adoption. Increasing demand to present cultural or traditional theme is projected to drive market growth during the forecast period. In addition, growing concern to honor spouse’s tradition is estimated to fuel wedding wear market growth during the forecast period.

RESTRAINING FACTORS

"High Cost and Single Use to Restrict Market Growth "

High costs associated with the product is expected to restrict market growth. Wedding outfits are not multiple use it can be wore during wedding day is estimated to hamper product demand. Further, presence of alternatives such as renting wedding wear is anticipated to hamper market growth during the forecast period.

WEDDING WEAR MARKET REGIONAL INSIGHTS

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"Increasing Number of Royal Weddings in Asia Pacific to Drive Market Share"

Asia Pacific is estimated to hold largest wedding wear market share due to increasing demand for royal wedding.  Presence of diversity in population and culture is predicted to accelerate market growth. Growing millennial population in the region is estimated to accelerate market growth. Further, growing trend to fashion and increasing number of fashion designers is expected to boost market growth during the forecast period. Presence of manufactures presents have great potential to attract multiple countries is anticipated to increase market growth. In addition, better market presence and having varieties of options are projected to drive market growth.

Europe is expected to considerable market growth due to the increasing purchasing power among population. Presence of market players and premium products in the region is estimated to accelerate product demand.

Middle East and Africa is also estimated to witness significant growth due to growing attraction towards embroidery and embellishments. Different cultural differences and increasing need to follow traditional and cultural ceremonies are projected to accelerate market growth during the forecast period. Also, presence of local fashion designer is estimated to propel product demand.

KEY INDUSTRY PLAYERS

"Leading Players Adopt Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• David’s Bridal (U.S.)
• Kleinfeld Bridal (U.S.)
• Harrods Limited (U.K.)
• Elie Saab France (France)
• Justin Alexander (Netherlands)
• JLM Couture (U.S.)
• Moonlight Bridal Design (U.S.)
• Maggie Sottero Designs (U.S.)
• Stella McCartney (U.K.)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.