Global Bridal Market Report Size, Trends & Growth Opportunity, By Product (Gown Suit/Tuxedo, Traditional Wear, Others) , By Distribution Channel (Online ,Offline), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa) And Forecast Till 2027.
Report ID : IR1001485 | Industries : Chemicals & Materials | Published On :June 2024 | Page Count : 249
Global Bridal Market Report Size, Trends & Growth Opportunity, By Product (Gown Suit/Tuxedo, Traditional Wear, Others) , By Distribution Channel (Online ,Offline), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa) And Forecast Till 2027.
Report Description
The bridal Wear Market size was USD 10.5 Billion in 2021 and is expected to reach USD 15.82 Billion by 2027, growing at a CAGR of 5.63% between 2022 and 2027.
The global bridal wear market is being driven primarily by a rise in demand for various styles of wedding gowns and tuxedos as part of royal weddings. Furthermore, the rise in customized and innovative designs provided by fashion designers has significantly aided the expansion of the Bridal Wear Market. Given the extremely faddish fashion trends that dictate the market's fortunes, the bridal wear market is highly polarized and fragmented regionally. The developed world dominates the global market because they are the pioneers in bridal wear fashion and have a constantly evolving and vibrant fashion industry. Market Drivers
Increased urbanization and fashion upgrades, increased disposable income, technological advances, local player entry, and increased luxury weddings are some of the factors driving the bridal market's growth. People are interested in the latest trends in designer brands worn by celebrities, and companies such as Manyawar are investing heavily in developing the same fashion fabrics at a low cost, which is driving the market demand for bridal wear.
Emerging countries like China, India, Bangladesh, and Pakistan are quickly adopting Western culture at wedding receptions. Various traditions around the world require you to change multiple dresses on your wedding day. In India or Chile, for example, a marriage between casts requires the couple to respect their spouse's tradition by marrying at two ceremonies on the same day. This necessitates changing the entire wedding attire. Such a tradition that necessitates multiple wedding costumes is expected to increase product demand and drive market growth over the forecast period.
Market Restraints
The high cost of bridal wear is a significant challenge for the market. Bridal gowns are generally more expensive than other types of clothing. This is because expensive fabrics and embellishments were used. As a result, the majority of the population cannot afford bridal wear, impeding the market growth. The issue confronting the bridal wear market is a general lack of awareness. Many people in developing and underdeveloped countries are unaware of the latest bridal fashion trends. This is due to a lack of global market exposure. As a result, the market is having difficulty entering these markets. Another significant impediment to the bridal wear market is the presence of counterfeit products. Numerous counterfeit products on the market are made with inferior-quality materials. This harms the brand's reputation and results in revenue loss. The bridal wear market is highly volatile. Bridal wear demand is generally seasonal and is influenced by a variety of factors such as weddings, festivals, and other social events. As a result, the market is highly volatile, with abrupt changes in demand.
Market Segmentation
The Bridal Wear Market is segmented into Product (Gown Suit/Tuxedo, Traditional Wear, Others) and Distribution Channel (Online, Offline) and Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa)
Regional Analysis
North America will hold 39.3% of the market in 2021. Multiple vendor presence, early fashion adoption, high disposal revenues, and the emergence of technology to design the latest fabrics are driving the bridal wear market forward. Wedding spending has risen in tandem with the population's purchasing power. These factors are propelling this region's market forward. Demand for bridal wear is being driven by factors such as increased disposable income, high wedding spending, a large fashion-conscious young population, low-cost bridal wear, and the entry of local players. Various cultures around the world require multiple dresses for the same event. The Asia-Pacific region's demographic and cultural diversity offers great opportunities for manufacturers to attract new markets and expand their market presence. The growing millennial population in countries such as China and India are contributing to the industry's overall growth. These factors are expected to drive the growth of the bridal wear market in this region over the forecast period.
Key Players
The Key Players in the Bridal Wear Market are Allure Bridals, Inc., Elie Saab, Helen Rodrigues Bridal, David’s Bridal Inc., JLM Couture Inc., Klienfeld Bridal, Justin Alexander Limited, Macy’s, Inc., Monique Lhuillier, and Morilee LLC.
Market Taxonomy
Product
• Gown Suit/Tuxedo
• Traditional Wear
• Others
Distribution Channel
• Online
• Offline
Regional Outlook
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and South Africa
Global Bridal Wear Market
1 Introduction
1.1 Objective the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Bridal Wear Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Bridal Wear Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.3 Global Bridal Wear Market Share Analysis, By Product
5.3 Global Bridal Wear Market Size and Forecast, By Product
5.3.1. Product
5.3.2. Gown Suit/Tuxedo
5.3.3. Traditional Wear
5.3.4. Others
6 Global Bridal Wear Market, By Distribution Channel
6.1 Y-o-Y Growth Comparison, By Distribution Channel
6.2 Bridal Wear Market Share Analysis, By Distribution Channel
6.3 Bridal Wear Market Size and Forecast, By Distribution Channel
6.3.1 Online
6.3.2. Offline
7 Global Bridal Wear Market, By Region
7.1 Global Bridal Wear Market Share Analysis, By Region
7.2 Global Bridal Wear Market Size and Forecast, By Region
8 North America Bridal Wear Market Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Bridal Wear Market Size and Forecast, By Product
8.3 North America Bridal Wear Market Size and Forecast, By Distribution Channel
8.4 North America Bridal Wear Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Bridal Wear Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Bridal Wear Market Share Analysis, By Product
9.3 Europe Bridal Wear Market Size and Forecast, By Distribution Channel
9.4 Europe Bridal Wear Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Bridal Wear Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia Pacific Bridal Wear Market Share Analysis, By Product
10.3 Asia Pacific Bridal Wear Market Size and Forecast, By Distribution Channel
10.4 Asia Pacific Bridal Wear Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Bridal Wear Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Bridal Wear Market Share Analysis, By Product
11.3 Latin America Bridal Wear Market Size and Forecast, By Distribution Channel
11.4 Latin America Bridal Wear Market Size and Forecast, By Country
11.4.1. Brazil
11.4.2. Rest of Latin America
12 Middle East Bridal Wear Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle East Bridal Wear Market Share Analysis, By Product
12.3 Middle East Bridal Wear Market Size and Forecast, Distribution Channel
12.4 Middle East Bridal Wear Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Allure Bridals Inc.
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Elie Saab
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Helen Rodrigues Bridal Inc.
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 JLM Couture Inc.
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Klienfeld Bridal
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Justin Alexander Limited
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Macy’s, Inc.
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Monique Lhuillier
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Morilee LLC.
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies