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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.

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