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Oct 14, 2024 · KEY MARKET INSIGHTS. The global wedding photography market size was valued at USD 21.83 billion in 2023 and is projected to grow from USD 23.36 billion in 2024 to USD 43.59 billion by 2032, exhibiting a CAGR of 8.11% over the forecast period. Asia Pacific dominated the wedding photography market with a market share of 38.11% in 2023.
- 2023
- 2019-2032
- 2024
Nov 27, 2023 · Over the same period, the broader U.S. wedding services market will grow at a 5.4% CAGR to an expected $79 billion worth by 2030 according to IBISWorld. Zooming in on 2023, U.S. wedding services revenue is projected at $70 billion already. That would mark a 21% increase over 2021’s $57.9 billion. Bottom Line: Both globally and domestically ...
Jul 23, 2024 · The average cost of a wedding in the United States is $33,900. The average cost of a wedding dress is $1,631. The average cost of wedding flowers is $2,000. The average cost of catering per guest is $70. The average cost of a wedding cake is $500. The average cost of wedding invitations is $590. The average cost of wedding photography is $2,400.
Jul 23, 2024 · The wedding photography industry generates over $1 billion in revenue annually in the US. The global market for stock photography is estimated to reach $6.1 billion by 2023. The photography software market is projected to grow to $10.59 billion by 2025. The global market for camera lenses is forecasted to reach $5.8 billion by 2025.
Nov 22, 2023 · Follow. Pune, India, Nov. 22, 2023 (GLOBE NEWSWIRE) -- The global wedding photography market size was USD 20.44 billion in 2022 and is set to expand from USD 21.83 billion in 2023 to USD 36.80 ...
- Fortune Business Insights
Feb 14, 2024 · 2023 Wedding Spend. In 2023, the average combined wedding ceremony and reception spend was $35,000. Compared to 2022 this is an increase of $5,000, which is likely a direct result of inflation and the overall US economic landscape over the past couple of years.
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Dec 19, 2023 · According to the recent Photographic Services Global Market Report, the industry is expecting to hit $36.42 billion in 2021 with a 10.6% CAGR or compound annual growth rate from 2020’s $32.92 billion. This has much to do with the Covid-19 recovery which put our industry to a halt.