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Bridal Stores in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Bridal Stores Market Research Report | SIC UK0.015 | Feb 2017

Thinly veiled threat: Competition from online outlets and department stores will limit growth

IBISWorld’s Bridal Stores market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Harrods Ltd. Harrods Ltd. market share
There are no major players in this industry There are no major players in this industry market share
Industry Statistics & Market Size
Revenue
£308m
Annual Growth 12-17
1.6%
Annual Growth 17-22
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Profit
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Employment
6,938
Businesses
4,021
Industry Threats & Opportunities
  • Operators need to differentiate themselves in an increasingly competitive industry
  • Enterprise numbers are only expected to have grown marginally as a result of increasing competition
  • Constrained incomes may intensify competition from external retailers with cheaper products
  • ... purchase to read more

Industry Analysis & Industry Trends

The Bridal Stores industry is just a small part of the multibillion-pound UK wedding business. Operators in the industry provide wedding gowns and bridal accessories, as well as clothing and accessories for the bridal party. They traditionally benefit from a bride's desire to look good on her wedding day, which often prompts high spending. However, there has been a long-term decline in the UK marriage rate up until quite recently, as society's attitudes to matrimony have changed. In addition, consumer spending was low in the early part of the five-year period due to the effects of a faltering economic recovery. The average spend on weddings and expenditure on bridalwear were relatively low as a result.

The industry is also facing growing competition from external operators... purchase to read more

Industry Report - Starting a New Business Chapter

The barriers associated with entering the Bridal Stores industry are considered to be low. Relatively little capital is required to establish a new store, with the most significant cost being the purchase of products to sell. Potential entrants can choose to rent a store and if they decide to establish themselves in smaller locations, as opposed to larger cities, they can keep their rental costs down. However, location is critical for retailers and access to areas with a high footfall increases the chance of survival.

Once in the industry, the barriers to success are considerably high. Although market share concentration is low, competition is fierce. New entrants face competition from fellow operators, department stores, clothing retailers, design houses and online retailers. Sig.. purchase to read more

Additional Insights for the Bridal Stores Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Bridal Stores Industry are

  • Establishment of brand names
  • Ability to alter goods and services produced in favour of market conditions
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Real private consumption expenditure and Marriage rate in the Bridal Stores industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Bridal Stores Industry?

    Stores in this industry specialise in selling wedding dresses and clothes for members of the bridal party, including jewellery and accessories. Some stores also provide fitting and alteration services. The industry excludes the bridal sections of department stores and online retailers that sell similar items.

    Industry Products
    Wedding dressesAccessoriesBridesmaid dressesOther bridal party attire
     
    Industry Activities
    Retailing wedding dressesRetailing bridesmaid dressesRetailing bridal jewellery and accessoriesRetailing other bridalwearFitting and altering wedding dresses


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Real private consumption expenditure
  • Marriage rate
  • Demand from department stores
  • Expenditure by household income- highest quintile
  • Total online expenditure
  • Current Performance
  • Marriage trends
  • Increased competition
  • Online outlets
  • Limited expansion
  • Chart: Revenue Growth
  • Industry Outlook
  • Alternative retailers
  • A challenging environment
  • Ringing the changes
  • Table: Bridal Stores Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Bridal Stores Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Consumers
  • Key Selling Industries
  • Clothing & Footwear Wholesaling
  • Clothing Manufacturing
  • Footwear Manufacturing
  • Watch & Jewellery Wholesaling
  • Products & Services
  • Wedding dresses
  • Accessories
  • Bridesmaid dresses
  • Other bridal party attire
  • Other
  • Chart: Bridal Stores Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Women aged between 25 and 34
  • Women aged between 35 and 44
  • Women aged between 16 and 24
  • Women aged 45 and over
  • Chart: Major Market Segmentation for the Bridal Stores Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Bridal Stores
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Bridal Stores Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Bridal Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Bridal Stores Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Couture
  • The design and manufacture of fashionable clothes to a client's specific requirements and measurements.
  • Mermaid Dress
  • A mermaid dress, often referred to as a trumpet dress, tightly fits the body until it flairs out around the knee.
  • Sheath Dress
  • A sheath dress, also known as a column dress, runs vertically from the shoulders down to the floor.
  • Trunk Show
  • These usually allow customers to try on the full collection of designs and ask questions of the designers or their representatives.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Bridal Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Bridal Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Bridal Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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