What is Wedding Venue Service Market?
Wedding venues services helps the couple to select venues according to their budget from wide range of options. The venues start at the capacity of 1000 people to 5000 people. After selecting the venue the service provider takes them for further discussions. This service helps to save time and costs as it provides all the information such as availability of venues, dates and days. Wedding venues services offers assistance and resources to manage the bookings. These benefits are increasing the demand of wedding planning services which is fueling the market growth.
Highlights from Wedding Venue Service Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | CO Media (China), Whakatane (New Zealand), City Club (United States), Fort Myers (United States), Function Fixers (United Kingdom), Events by Knight (United Kingdom), Garland (Portugal), Wedding Wire (United States) and Leisure and Cultural Services Department (Myanmar) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Wedding Venue Service market throughout the forecasted period.
CO Media (China), Whakatane (New Zealand), City Club (United States), Fort Myers (United States), Function Fixers (United Kingdom), Events by Knight (United Kingdom), Garland (Portugal), Wedding Wire (United States) and Leisure and Cultural Services Department (Myanmar) are some of the key players profiled in the study. Wedding Venue Service Market Segmentation:
Scope | Sub-Segments |
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Venue Type | Winery,Garden,Church,Others |
Category | Five star,Four star,Three star |
On the basis of geography, the market of Wedding Venue Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Popularity of Destination Wedding
Market Growth Drivers:
Complexity Involved in Planning Huge Events like Wedding and Increasing Demand of Wedding Planning Services
Challenges:
Availability of Free Platforms for Wedding Venue Selection
Restraints:
Coronavirus pandemic has affected the market negatively as the government has imposed lock down. Due to this the weddings and other events are cancelled or postponed.
Opportunities:
Increasing Disposable Income is Boosting the Market Growth and Rising Awareness about Wedding Planners
Key Target Audience
Wedding venue service providers, Government associations, Research organizations and Others