A Guide to the Wedding Services Sector
- Price: £11.99
- Published: August 2014
- Type: UK Market Synopsis
- Format: PDF
- Factors affecting the wedding market
- Sources of sector information
This market synopsis provides an overview of the key factors affecting the UK wedding services sector. It is specifically aimed at helping new, existing or aspiring small business owners to understand the opportunities and risks involved when trading within this sector.
Recent figures suggest an upturn in the number of weddings taking place every year, although it is too early to conclude that this marks a reversal in the long-term decline in marriage numbers since the 1970s. Nonetheless, wedding budgets remain high and many couples extend their engagements and get into debt in order to pay for a more lavish ceremony.
There are extremely high levels of competition in the wedding services market, and in some areas the market is effectively saturated. However, there are opportunities to provide niche services. For example, significantly more people are marrying in their sixties, suggesting a growing market for services tailored to this age group.
Wherever possible, this synopsis has been compiled from sources of information that can be accessed online to enable users to conduct further research of their own. These include industry and national press sources, Government research, company reports, market reports and trade bodies.