Top Emerging Trends Of Wedding Wear Market Progress Forecast 2025 |Grand View Research, Inc.
The global wedding
wear market size is anticipated to reach USD 87.9 billion by 2025,
according to a new report by Grand View Research, Inc., expanding at a CAGR of
6.0% over the forecast period. Product innovation in terms of design and
fabric, coupled with increased spending on weddings, is expected to be a major
factor driving the market.
Wedding gowns dominated the market in
2018 and accounted for 50.0% share of the overall revenue. Different types of
fabric designs such as lace, georgette, and silk that improve the aesthetic
value of the overall dress is a major factor increasing product demand.
However, suits and tuxedos are expected to witness the fastest growth during
the forecast period owing to substantial rise in fashion awareness among the
male population. Moreover, different styles of jackets, embellishments,
buttons, and handwoven designs are expected to increase product demand, thereby
propelling overall market growth.
Browse Research
Report On wedding wear Market:
The female segment occupied the largest market share
in 2018. Continuous design launches are contributing to the growth for women.
In November 2018, Stella McCartney launched her first ever bridal collection to
increase her product portfolio. The male segment is anticipated to grow
significantly during the forecast period owing to advent of social media
marketing and celebrity influencers.
Further key findings from the study
suggest:
·
By product, traditional wear is
projected to ascend at a CAGR of 6.3% during the forecast period. Presence of
diverse cultures in Asia Pacific and Middle East and Africa is expected to
drive the segment
·
By gender, the male segment is
anticipated to expand at a CAGR of 7.1% owing to increase in demand for stylish
male wedding outfits
·
Destination weddings are
becoming popular owing to consumer preference for scenic locations. Leveraging
this growing trend, Sabyasachi, a famous Indian Designer, launched his summer
collection in 2018, exclusively for destination wedding brides.
Wedding gowns accounted for the
maximum market share in 2018. Advent of different types of fabric and styles in
the gowns has propelled the demand for gowns in recent years. Retailers and
fashion designers are focusing on intricate artisanal designs for decorating
the gowns to improve the aesthetic value. Moreover, owing to significant
changes in fashion trends every day, manufacturers have to upgrade their
collections to maintain their position in the market. This is expected to
propel demand for stylish and trendy gowns, fueling market growth during the
forecast period.
Browse Press
Release of this report:
Grand View Research has segmented the global wedding wear
market by product, gender:
Wedding Wear Product Outlook (Revenue, USD
Million, 2015 - 2025)
·
Gowns
·
Tuxedo / Suit
·
Traditional Wear
Wedding Wear Gender Outlook (Revenue, USD
Million, 2015 - 2025)
·
Female
·
Male
Female wedding wear accounted for the largest market
share in 2018. Due to the presence of many bridal wear manufacturers and
designers, this trend is expected to continue for the next few years. Moreover,
a bride is expected to be the key attraction in the wedding. As a result,
participation of women in deciding their bridal outfit has witnessed a
significant increase. Women prefer visiting different shops and trying their
bridal outfits before the actual day. They also give their inputs in terms of
customizations to be added to their dress. This is anticipated to further
improve women participation during the forecast period.
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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