Wedding Industry Overview (Research Conducted by the Australian Bureau of Statistics- Marriages, Australia.)
NUMBER OF MARRIAGES
- The number of marriages increased in 2016 by 4,806 (4.2%) and the crude marriage rate increased slightly from 4.8 in 2015 to 4.9 marriages per 1,000 estimated resident population in 2016.
- Civil celebrants have overseen the majority of marriages since 1999 and the proportion of marriage ceremonies overseen by a civil celebrant increased again to 76.4 per cent of all marriages in 2016.
- In 2016, the majority of brides (81.2%) and grooms (79.3%) had not been married before.
- The median age at marriage for males in 2016 was 31.9 years an increase from 31.7 in 2015. The median age at marriage for females in 2016 was 29.9 years, an increase of 0.1 years since 2016.
The median age of males and females at marriage was 31.9 and 29.9 years respectively in 2016. The median age at marriage for males has increased by 0.2 years, and the females have increased by 0.1 years since 2015.
- Civil celebrants have overseen the majority of marriages since 1999 and the proportion of marriage ceremonies overseen by a civil celebrant increased again to 76.4 percent of all marriages in 2016.
Couples who lived together prior to marriage accounted for 80.8% of all marriages registered in 2016, a decrease from the 81.0% recorded in 2015.
In 2016, 54.5% of couples married were both born in Australia, 31.6% were born in different countries, and 13.9% were born in the same overseas country.
The Australian Wedding industry generates over $4 billion annually, with many Weddings costing in excess of $40,000, and an estimated 120,000 Weddings taking place in Australia each year.
Wedding industry reports, and figures from the Australian Bureau of Statistics, show that the actual number of Weddings taking place has increased continuously in the last few years.
Second or third marriages are crucial to the Wedding industry
Remarriage is a crucial part of the Australian Wedding industry, with only around 50% of 2007 Weddings involving first-time marriages for both partners. Divorced people have a fairly high chance of remarrying, and 56% of men and 46% of women that were divorced between 2000 and 2002 could expect to remarry. The Wedding industry may see a fall in the rate of remarriage as the divorce rate is currently dropping and stands at around 2.3 per 1000 of the population.
Impact of the global credit crunch on the Wedding industry
The main trend that we have seen the global credit crunch impact the Wedding industry, is the reduction in the size and scale of Weddings. Whilst the average guest list of a Wedding 5-10 years ago, was around 100 guests, the average size of the guest list in the past 2 years has been around 80 guests.
Most couples are shaving their guest lists back to an attempt to keep the Wedding costs down.
The Wedding industry may also see an increased trend for more intimate Weddings held at home, perhaps in a garden marquee, and this may be due to the current economic climate.
Many couples are also choosing to remain in Australia for their honeymoon, rather than travelling abroad, in an attempt to save costs.
Circle of Love Weddings is not affected by the number of guests at a Wedding, as we provide general equipment that is required for a Wedding regardless of numbers.
The trend to have Weddings at home, or in a garden as opposed to a hotel is actually of advantage to our business, as we have the equipment that they will need for hire.