Bridal Market in Japan - Yano Research Home
Bridal Market in Japan - Yano Research Home
Bridal Market in Japan - Yano Research Home
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<strong>Yano</strong> <strong>Research</strong> Institute<br />
RESEARCH SUMMARY<br />
January 24, 2013<br />
2-46-2 Honcho, Nakano-ku,<br />
Tokyo 164-8620, <strong>Japan</strong><br />
<strong>Bridal</strong> <strong>Market</strong> <strong>in</strong> <strong>Japan</strong>: Key <strong>Research</strong> F<strong>in</strong>d<strong>in</strong>gs 2013<br />
◆ <strong>Research</strong> Outl<strong>in</strong>e<br />
<strong>Yano</strong> <strong>Research</strong> Institute has conducted a study on the bridal market with the follow<strong>in</strong>g<br />
conditions:<br />
1. <strong>Research</strong> period: October to December, 2012<br />
2. <strong>Research</strong> target: Enterprises and organizations <strong>in</strong> the bus<strong>in</strong>ess of wedd<strong>in</strong>g services and<br />
products.<br />
3. <strong>Research</strong> methodologies: Face-to-face <strong>in</strong>terviews by the specialized researchers,<br />
telephone/FAX/mail-<strong>in</strong> surveys, and literature research<br />
<br />
The bridal/wedd<strong>in</strong>g-related market <strong>in</strong> this research <strong>in</strong>dicates the follow<strong>in</strong>g six wedd<strong>in</strong>g categories:<br />
Wedd<strong>in</strong>g ceremonies/banquets/parties, Furniture for newlyweds, Honeymoon, <strong>Bridal</strong> jewelries,<br />
Betrothal gifts and ceremonies, Wedd<strong>in</strong>g-related <strong>in</strong>formation delivery services. In the category of<br />
“wedd<strong>in</strong>g ceremonies/banquets/parties,” the sales of overseas ceremonies planned and arranged <strong>in</strong><br />
<strong>Japan</strong> are <strong>in</strong>cluded.<br />
◆ Key F<strong>in</strong>d<strong>in</strong>gs<br />
• Expansion <strong>in</strong> Categories of Strong-Yen-<strong>in</strong>fluenced “Honeymoons” and<br />
“Information Services” were Limited, Unable to Stop Shr<strong>in</strong>k<strong>in</strong>g of Entire <strong>Bridal</strong><br />
<strong>Market</strong> to Mark 98.3% of Previous Year at 2,617.0 Billion Yen<br />
The wedd<strong>in</strong>g-related market has been decl<strong>in</strong><strong>in</strong>g s<strong>in</strong>ce 2009. 2012 was no exception, which<br />
resulted <strong>in</strong> 2,617.0 billion yen, 98.3 % of the previous year. This stems from doldrums <strong>in</strong> the<br />
category of “wedd<strong>in</strong>g ceremonies/banquets/parties” market, occupy<strong>in</strong>g more than 50% of the<br />
entire bridal market sales. Although sales from honeymoon, driven by appreciation of yen,<br />
coupled with wedd<strong>in</strong>g-related <strong>in</strong>formation delivery services were <strong>in</strong> good condition, they failed<br />
to boost the entire market.<br />
• Wedd<strong>in</strong>g Ceremonies/Banquets/Parties <strong>Market</strong> <strong>in</strong> 2012 Shrank to Mark 98.6% of<br />
Previous Year, due to Slower Increase <strong>in</strong> Number of Marriages, Growth of<br />
No-Ceremony Wedd<strong>in</strong>gs, and Price Reduction per Couple<br />
Size of the wedd<strong>in</strong>g ceremonies/banquets/parties market <strong>in</strong> 2012 is likely to end up at 1,430.0<br />
billion yen, 98.6 % of the previous year. The market is suffer<strong>in</strong>g from slower growth <strong>in</strong> number<br />
of marriages and from <strong>in</strong>creas<strong>in</strong>g number of newly-weds giv<strong>in</strong>g no wedd<strong>in</strong>g parties. Currently,<br />
there are excessive facilities to provide wedd<strong>in</strong>g ceremonies and services aga<strong>in</strong>st demand,<br />
lead<strong>in</strong>g to price competition among wedd<strong>in</strong>g-service providers. In addition to the prevail<strong>in</strong>g<br />
consumer trends of spend<strong>in</strong>g m<strong>in</strong>imum as possible, the companies, especially those that have
newly entered the market, hammered out low-price wedd<strong>in</strong>g services that reduced wedd<strong>in</strong>g cost<br />
per couple.<br />
◆ Report format:<br />
Published report: “Wedd<strong>in</strong>g Industry 2013”<br />
Issued on: December 26, 2012<br />
Language: <strong>Japan</strong>ese<br />
Format: 685 pages <strong>in</strong> A4 format<br />
Price: 105,000 yen (5,000 yen of consumption tax shall be charged for the sales <strong>in</strong> <strong>Japan</strong>.)<br />
Contacts: Public Relations<br />
<strong>Yano</strong> <strong>Research</strong> Institute Ltd. (URL: http://www.yanoresearch.com)<br />
Phone: +81-3-5371-6912<br />
E-mail: press@yano.co.jp<br />
• Figure 1: Transition of Size of <strong>Bridal</strong> <strong>Market</strong><br />
(Hundred Million Yen)<br />
30,000<br />
27,410 27,720 28,021 27,602 27,503<br />
26,630 26,170 25,900<br />
120.0%<br />
25,000<br />
20,000<br />
102.4% 101.1% 101.1% 98.5% 99.6% 96.8% 98.3% 99.0%<br />
100.0%<br />
80.0%<br />
15,000<br />
60.0%<br />
10,000<br />
40.0%<br />
5,000<br />
20.0%<br />
0<br />
2006 2007 2008 2009 2010 2011 2012<br />
(Prospect)<br />
2013<br />
(Estimate)<br />
0.0%<br />
Wedd<strong>in</strong>g-related market<br />
Y-o-Y<br />
Estimated by YRI<br />
Notes:<br />
1. The figures are based on the sales volume from enterprises.<br />
2. The bridal/wedd<strong>in</strong>g-related market <strong>in</strong> this research <strong>in</strong>dicates the follow<strong>in</strong>g six wedd<strong>in</strong>g categories: Wedd<strong>in</strong>g<br />
ceremonies/banquets/parties, Furniture for newlyweds, Honeymoon, <strong>Bridal</strong> jewelries, Betrothal gifts and<br />
ceremonies, Wedd<strong>in</strong>g-related <strong>in</strong>formation delivery services. .<br />
3. The figures from 2011 have been revised.
• Figure 2: Transition of Size of Wedd<strong>in</strong>g Ceremonies/Banquets/Parties<br />
(Hundred Million Yen)<br />
16,000<br />
14,000<br />
12,000<br />
10,000<br />
8,000<br />
6,000<br />
4,000<br />
2,000<br />
14,230<br />
14,630<br />
14,940 15,080 15,160<br />
14,500 14,300 14,100<br />
104.2% 102.8% 102.1% 100.9% 100.5% 98.6% 98.6%<br />
95.6%<br />
120.0%<br />
100.0%<br />
80.0%<br />
60.0%<br />
40.0%<br />
20.0%<br />
0<br />
2006 2007 2008 2009 2010 2011 2012<br />
(Prospect)<br />
Wedd<strong>in</strong>g Ceremonies/Banquets/Parties <strong>Market</strong><br />
Y-o-Y<br />
2013<br />
(Estimated)<br />
0.0%<br />
Estimated by YRI<br />
Notes:<br />
4. The figures are based on the sales volume from enterprises.<br />
5. In the category of “wedd<strong>in</strong>g ceremonies/banquets/parties,” the sales generated by overseas ceremonies planned<br />
and arranged <strong>in</strong> <strong>Japan</strong> are <strong>in</strong>cluded.<br />
6. “Wedd<strong>in</strong>g Ceremonies/Banquets/Parties” market is a part of the entire bridal market.<br />
7. The figures from 2011 have been revised.