Numerous causes, including India's growing population, the rise of inter-caste and inter-religious unions, and the rising acceptance of second marriages, are contributing to the rise in the number of weddings. The rising disposable income of Indians is another important factor driving the demand for wedding services in India.
The World Bank predicts that between 2022 and 2027, Indians' average disposable income will increase by 5% annually. The demand for wedding services is increasing as a result of Indians having more discretionary income to spend on weddings. The market for wedding services in India is growing, but there are some obstacles as well.
The Offline Booking segment dominated the market in 2020, and is also anticipated to be lucrative during the forecast period.
By Booking Type
The shortage of skilled laborer is one of the main obstacles. India's wedding services sector is labor-intensive and suffers from a lack of qualified workers. It is challenging for wedding service providers to meet the rising demand for their services due to the lack of competent labor. The market for wedding services in India is nevertheless anticipated to expand in the upcoming years, despite these limitations. The aforementioned elements, as well as the rising popularity of online wedding planning platforms, will propel market expansion. Couples can more easily organize their nuptials on these platforms, and they can also use them to plan weddings more affordable.
The Partial Planning Services segment dominated the market in 2020, and is also anticipated to be lucrative during the forecast period.
By Planning Type
The report is analyzed by booking type, which includes online booking and offline booking. The report further segments the market on the basis of planning type such as full planning service, partial planning services and day of coordination. Based on service type, the market is further classified into videography/photography services, catering services, decoration services, transport services, wedding planning services and others. On the basis of wedding type, the Wedding services market share is bifurcated into destination wedding and local wedding.
By Service Type
The Catering Services segment held the major revenue share in 2020 and is expected to grow with the highest CAGR during the forecast period.
Key companies profiled in the report are India Club Weddings, WedMeGood, ShaadiSaga, WMG Weddings, Wedding Wishlist, The Wedding Brigade, Show My Hall, Wedding Planner India, Aasha Destination Weddings, Urbanknots Weddings & Events
By Type
The Local Wedding segment is anticipated to grow at a fastest CAGR during the forecast period.
Key Benefits for Stakeholders
- Enable informed decision-making process and offer market analysis based on current market situation and estimated future trends.
- Analyze the key strategies adopted by major market players in India wedding services market.
- Assess and rank the top factors that are expected to affect the growth of India wedding services market.
- Top Player positioning provides a clear understanding of the present position of market players.
- Detailed analysis of the India wedding services market segmentation assists to determine the prevailing market opportunities.
- Identify key investment pockets for various offerings in the market.
India Wedding Services Market Report Highlights
| Aspects | Details |
 Forecast period | 2020 - 2030 |
 Report Pages | 71 |
 By Service Type |
|
 By Planning Type |
|
 By Type |
|
 By Booking Type |
|
 Key Market Players | India Club Weddings, WMG Weddings, Aasha Destination Weddings, The Wedding Brigade, Wedding Planner India, Urbanknots Weddings & Events, WedMeGood, Show My Hall, ShaadiSaga, Wedding Wishlist |
The India Wedding Services Market is projected to grow at a CAGR of 5.8% from 2020 to 2030
India Club Weddings, WedMeGood, ShaadiSaga, WMG Weddings, Wedding Wishlist, The Wedding Brigade, Show My Hall, Wedding Planner India, Aasha Destination Weddings, Urbanknots Weddings & Events are the leading players in India Wedding Services Market
1. Enable informed decision-making process and offer market analysis based on current market situation and estimated future trends.
2. Analyze the key strategies adopted by major market players in india wedding services market.
3. Assess and rank the top factors that are expected to affect the growth of india wedding services market.
4. Top Player positioning provides a clear understanding of the present position of market players.
5. Detailed analysis of the india wedding services market segmentation assists to determine the prevailing market opportunities.
6. Identify key investment pockets for various offerings in the market.
India Wedding Services Market is classified as by service type, by planning type, by type, by booking type
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