Wedding Planning Market is touching new levels - Rising Demand, Trends and Innovations
The wedding industry in India thrives largely on the Indian notion of characterizing marriage as a singular high-point in one's life
(EMAILWIRE.COM, February 12, 2019 ) The wedding industry in India thrives largely on the Indian notion of characterizing marriage as a singular high-point in one's life. In a bid to make one's wedding unique wedding planning industry derives a reasonable demand owing to their professionalism and touch of precision to make the entire process smooth. Rise in disposable income coupled with time constraints that people face has led to the development of the wedding planning sector in India.
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The report begins with an overview of the wedding industry in India giving its market size and growth as well as a clear segmentation on the different costs that constitute the total costs incurred in a wedding. This is followed by an overview of wedding planning industry describing the market and includes information regarding market size and growth. This is followed by a section wherein primary expenses in a wedding by any planner are provided. Additionally, the various stages involved in the management of such an event have also been highlighted.
An analysis of the drivers explains the factors for growth of the market including increase in disposable income, destination wedding, time constraint and convenience, and practice of re-marriage. India is an emerging country with people witnessing rise in disposable income. Primary notion of associating marriage as one of the most important event in one's life drives people to spend extravagantly on arrangements for the celebration. Such an occasion, for the elite, becomes an opportunity to showcase their wealth and prosperity while for the middle class it remains an event that at times compels them to go beyond their means. Increasing disposable income renders people to mark this grand event with luxurious celebrations. Wedding at exotic locations, far from the maddening crowd of the city has become a rage and is considered to be a significant driver. Destination weddings continue to increase as it allows the wedding to be unique. In this format of the event, a planner becomes imperative due to the lack of knowledge of the place at which the wedding will take place as well as towards streamlining the entire process. An Indian wedding needs a lot of time and effort towards planning and implementation. However, people in this day and age do not have the luxury to spend long stretches of time on organizing an event. Time constraint in people's lives becomes a chief driver for the wedding planning sector. Further, increase in the rate of divorces also leads to increase in business for wedding planning concerns since their business is dependent on the numbers of marriages organized.
Get Discount & Customization of this Report Here:https://www.researchreporthub.com/report/wedding-planning-industry/10868/
The sector is also facing certain challenges. Factors such as stringent Government regulations and unavailability of wedding seasons and dates pose as barriers for growth.
.....
Table Of Content
Page 1: Executive summary
Market Overview
Page 2: Wedding Industry - Overview, Market Size & Growth (2010 - 2012e), Cost Break-up (2010)
Page 3: Wedding Planning Industry - Overview, Market Size & Growth (2010 - 2012e)
Page 4: Primary Expenses
Page 5: Project Management
Drivers & Challenges
Page 6: Summary
Page 7-10: Drivers
Page 11-12: Challenges
Trends
Page 13: Summary
Page 14-17: Key Trends
Competition
Page 18-23: Profile of Major Players - Corporate Information, Financials and Business Highlights
Strategic Recommendations
Page 24: Strategic Recommendations
Get Complete TOC with Figures and Tables Here:https://www.researchreporthub.com/report/wedding-planning-industry/10868/#toc
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Download Free Report Sample (PDF) Here:https://www.researchreporthub.com/report/wedding-planning-industry/10868/#requestforsample
The report begins with an overview of the wedding industry in India giving its market size and growth as well as a clear segmentation on the different costs that constitute the total costs incurred in a wedding. This is followed by an overview of wedding planning industry describing the market and includes information regarding market size and growth. This is followed by a section wherein primary expenses in a wedding by any planner are provided. Additionally, the various stages involved in the management of such an event have also been highlighted.
An analysis of the drivers explains the factors for growth of the market including increase in disposable income, destination wedding, time constraint and convenience, and practice of re-marriage. India is an emerging country with people witnessing rise in disposable income. Primary notion of associating marriage as one of the most important event in one's life drives people to spend extravagantly on arrangements for the celebration. Such an occasion, for the elite, becomes an opportunity to showcase their wealth and prosperity while for the middle class it remains an event that at times compels them to go beyond their means. Increasing disposable income renders people to mark this grand event with luxurious celebrations. Wedding at exotic locations, far from the maddening crowd of the city has become a rage and is considered to be a significant driver. Destination weddings continue to increase as it allows the wedding to be unique. In this format of the event, a planner becomes imperative due to the lack of knowledge of the place at which the wedding will take place as well as towards streamlining the entire process. An Indian wedding needs a lot of time and effort towards planning and implementation. However, people in this day and age do not have the luxury to spend long stretches of time on organizing an event. Time constraint in people's lives becomes a chief driver for the wedding planning sector. Further, increase in the rate of divorces also leads to increase in business for wedding planning concerns since their business is dependent on the numbers of marriages organized.
Get Discount & Customization of this Report Here:https://www.researchreporthub.com/report/wedding-planning-industry/10868/
The sector is also facing certain challenges. Factors such as stringent Government regulations and unavailability of wedding seasons and dates pose as barriers for growth.
.....
Table Of Content
Page 1: Executive summary
Market Overview
Page 2: Wedding Industry - Overview, Market Size & Growth (2010 - 2012e), Cost Break-up (2010)
Page 3: Wedding Planning Industry - Overview, Market Size & Growth (2010 - 2012e)
Page 4: Primary Expenses
Page 5: Project Management
Drivers & Challenges
Page 6: Summary
Page 7-10: Drivers
Page 11-12: Challenges
Trends
Page 13: Summary
Page 14-17: Key Trends
Competition
Page 18-23: Profile of Major Players - Corporate Information, Financials and Business Highlights
Strategic Recommendations
Page 24: Strategic Recommendations
Get Complete TOC with Figures and Tables Here:https://www.researchreporthub.com/report/wedding-planning-industry/10868/#toc
Research Report Hub
Research Report Hub offers wide-ranging collection of market research reports under virtually every market verticals and sub-categories from different publishers across the globe. We offer reliable market intelligence reports and report customization services to better understand current and projected market scenarios. It also gives a clearer depiction of industries and facilitates to simply perceive competitor activity in the respective industry. Our services are also geared towards helping organizations procure market reports at the finest price.
About US
Research Report Hub
Sector 04, Plot 101, Sant Nagar,
Moshi PCNDTA, Pune, 412105
Maharashtra, India
Web: www.researchreporthub.com
Find us on: <||>rnhttps://www.facebook.com/reasearchreporthub/ <||>rnhttps://twitter.com/hub_report <||>rnhttps://www.linkedin.com/company/research-report-hub/
Contact Information:
Research Report Hub
Prakriti Mathur
Tel: +918448444687
Email us
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Research Report Hub
Prakriti Mathur
Tel: +918448444687
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results