WeddingsAustralia.com.au is for sale
WeddingsAustralia.com.au
is for sale
Seller's notes about WeddingsAustralia.com.au
The global Wedding Industry was valued at $160.5 billion in 2020 and is estimated to reach $414.2 billion by 2030, registering a CAGR of 4.8% from 2021 to 2030.
The wedding services industry is composed of numerous sub-group service institutions that work collectively to turn wedding event planning into action. These wedding industry sub-groups comprise bakeries for wedding cakes, wedding invitations, jewelers, event photography, and/or videography, event transportation, wedding planning services, wedding locations, formal wedding attire, banquet/reception locations, and catering.
The wedding market is diverse worldwide, and numerous traditions and types are involved in ceremonies between countries, ethnic groups, and cultures. These traditions are grounded on both the personal preferences of the parties involved and the region.
Online sales channels are now emerging as one of the prominent sales channels in the retail sector. Many brands have now transitioned toward an omnichannel market approach. The online sales of wedding supplies have increased amidst the COVID-19 pandemic. The shift of consumer behaviour toward buying their requirement online is expected to continue in the future, owing to the ease of selecting, purchasing, and getting doorstep delivery, which attracts consumers toward online channels. Another advantage of online channels is the near elimination of geographic boundaries. This convenience and increase in available options to choose from are attracting customers toward online channels, which is expected to serve as a lucrative opportunity for market expansion.
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