WeddingsBusinessU.S. economybusiness news

Wedding Industry: 5 Sectors That Will Profit From Increased Nuptial Spending

Who Really Profits Off Weddings?
Open Image Modal

If you're planning on tying the knot in the next five years, you'll be doing a lot to boost the economy.

Industry research group IBIS World reported Tuesday that thanks to an improving economy and an increase in disposable incomes, the $50.6 billion wedding industry is expected to grow 2.3 percent over the next five years. IBIS identified five sub-industries that will see a particular increase in profits.

Click through the slideshow below to find out which industries will profit most as people spend more on their "I dos."

Industries That Profit Off Weddings
Lingerie, Swimwear and Bridal Stores(01 of05)
Open Image Modal
Lingerie, swimwear and bridal stores are expected to earn $17.9 billion in 2018, a 4.4 percent increase over 2013 earnings. Overall, spending on clothing makes up 9 percent of wedding industry revenue. (credit:Shutterstock)
Florists(02 of05)
Open Image Modal
Florists can expect to earn $9 billion in 2018 -- 2.1 percent more than 2013. Ten percent of florists' revenue comes from weddings, and flower sales make up about 5.1 percent of the overall wedding industry. (credit:Shutterstock)
Catering(03 of05)
Open Image Modal
Caterers are likely to bring in $8.9 billion in 2018, an increase of 2.3 percent over 2013 earnings. Catering makes up 25.6 percent of wedding industry spending. Within the catering industry, engagements and weddings are expected to account for about 30 percent of revenue. (credit:Shutterstock)
Photography(04 of05)
Open Image Modal
Photographers' revenue is expected to rise to $10.5 billion in 2018, an increase of 1.8 percent over 2013. Spending on photography makes up 13.5 percent of the wedding industry's revenue. (credit:Shutterstock)
Taxi and Limousine Services(05 of05)
Open Image Modal
The taxi and limousine services industry is expected to bring in $12.7 billion in 2018, growing by more than 3.2 percent over 2013. Transportation services generate about 7.1 percent of the wedding industry's revenue. (credit:Shutterstock)

Keep in touch! Check out HuffPost Weddings on Facebook, Twitter and Pinterest.

Support HuffPost

At HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions. That is why we are committed to providing deeply reported, carefully fact-checked news that is freely accessible to everyone.

Whether you come to HuffPost for updates on the 2024 presidential race, hard-hitting investigations into critical issues facing our country today, or trending stories that make you laugh, we appreciate you. The truth is, news costs money to produce, and we are proud that we have never put our stories behind an expensive paywall.

Would you join us to help keep our stories free for all? Your will go a long way.

Support HuffPost

Before You Go

Related

BusinessweddingsU.S. economybusiness newswedding budget
Suggest a correction
|
Submit a tip

HuffPost Shopping’s Best Finds

The Most Comfortable Sandals For Walking All Day, According To Tour Guides Who Live In Them

This $4 Cat Toy Is 'Worth Its Weight In Gold' — And Behaviorists Say There's A Reason

The Best Cream Blushes To Give Mature Skin That ‘Natural Glow’

13 Shoes Reviewers Say Are ‘Super Comfortable’ For Bunions

This Purse Was Made For Travel — And It's On Sale At The Lowest Price It's Been All Year

MORE IN LIFE

Wellness

6 Things You Should Do At Night If You Want To Be Happier In The Morning

Relationships

This Common Bedtime Habit Might Be Killing Your Relationship

Style & Beauty

What’s The Deal With The ‘Fake Botox’ That’s Making Everyone Sick?

Parenting

New Data Reveals The Unexpected Feeling 66% Of Parents Experience Regularly

Wellness

So THAT’S Why Your Voice Sounds Older When You Age

Life

Why Do Millennials Feel Compelled To Write ‘Lol’ After Everything?

Relationships

Why Do We Try To ‘Fix’ People In Our Relationships?

Life

Forget 10,000 Steps A Day — This Is The Number You Should Focus On Instead

Relationships

5 Signs You're Dealing With Unresolved Grief

Shopping

8 Extremely Popular Emotional Support Water Bottles That You Can Get On Amazon

Shopping

34 Pieces So Cute That People Might Get A Bit Obsessed With You

Shopping

11 Of Amazon's Bestselling Kitchen Tools For Under $30

Style & Beauty

Massage Therapists Reveal What They Think When You Fall Asleep, Pass Gas Or Worse

Food & Drink

8 Popular Cooking Tools That Chefs Say Are A Waste Of Money

Wellness

The 1 Thing Sleep Doctors Never, Ever Do In The Morning

Shopping

If You’re In Your 30s, Here Are 32 Comfy But Elevated Pieces You Might Fall In Love With

Parenting

Want A Better Relationship With Your Adult Children? Do These 6 Things

Shopping

35 Things To Improve The Appearance Of Your Kitchen Without A Renovation

Shopping

8 Genius Laundry Products To Make Wash Day Less Dreadful

Shopping

This Is The Bedding That Amazon Shoppers Are Obsessed With

Shopping

These 11 Hardworking Beauty Products Are Some Of Amazon's Bestsellers Right Now

Food & Drink

Eliminating These 3 Foods From Your Diet Can Be A Game-Changer For Heart Health

Style & Beauty

Yes, Your Lips Age, Too. Makeup Artists Reveal The Tricks To Wearing Lipstick After 50

Wellness

I'm A Colorectal Cancer Doctor. Here Are 5 Things I'd Never Do.

Shopping

If You Feel Like You Spend Practically All Day In Your Car, You Might Want To Try One Of These 34 Products

Shopping

This Cult-Fave Countertop Ice Maker Churns Out Sonic-Style Nugget Ice — And It's $150 Off

Parenting

The Funniest Tweets From Parents This Week

Life

The Funniest Tweets From Women This Week

Shopping

This Hair Trimmer That Significantly Reduced My Shaving Time Is On Sale At Amazon Right Now

Shopping

24 Spring Things Under $20 You’ll Probably Want To Add To Your Amazon Cart

Shopping

Reviewers Say These Are The Best Eyeliners That Glide Onto Mature Skin

Shopping

These Are The Sunscreens Men Tolerate — And Even Better, Actually Like

Shopping

If You Can’t Wait To Start Using Your Backyard Again, Here Are 28 Things To Get

Shopping

This Internet-Beloved Bedding Brand Is Having Its Biggest Sale Of The Year

Shopping

This Handy Household Tool Is A Total Game-Changer — And It's 53% Off Right Now

Shopping

This Pressure Washer Is 'The Best Thing You Didn't Know You Needed' -- And It's 20% Off Today

Life

The Common Running Mistake That Might Be Causing You Knee Pain

Home & Living

Swedish Death Cleaning Might Be The Key To Ending Clutter

Shopping

These Comfortable Slip-On Shoes Can Really Help Folks With Limited Mobility

Shopping

This $17 French Moisturizer Is Amazon’s Best-Kept Beauty Secret