It’s a Big Market
Rebel Fish was swimming around wondering, “How big is the sea?” (What does the wedding photography industry look like). Well it’s really big and getting bigger. Here are a few stats to give you the picture.
*There are about 2.3 million weddings a year in the US.
*1.7 million first-time weddings
*17 million bridesmaids and groomsmen
*287 million wedding guests
So you see, there are a lot of weddings but more importantly what does the average wedding budget look like and who is spending this money? Here is the really good news. The average age of the bride and groom is increasing and so is their education and so is their budget. Rebel Fish has netted you a few numbers to show you how good things are looking.
*Average wedding cost is $26,800
*Average basic wedding cost is $6,898
*Average spent on Photography/videography $2661
*Average spent on Photography/videography basic wedding $1738
So what does this mean, well it means people who spend less on their weddings over-all are willing to spend a large part of their budget remembering the day, while people who spend more (even lots more) haven’t been educated on the the value of keeping those extravagances remembered. Those in the wedding industry who have focused on “professionalizing,” if that’s the right word, their trade have seen large increases in profits. Wedding photographers who bring this same focus can increase profits too. The more credible and savy wedding photograhpers become, the better it is for everyone.
*source - Copyright © 2005, The Wedding Report, Shane McMurray












