According to “the UK’s most popular wedding website” hitched.co.uk, back in 2012 the wedding industry in the UK alone was worth £10 billion. With the average wedding worth around £36,000.
More recently, confetti report that the average spend is around £10,000 to £15,000. With around half of people surveyed saying they made their own stationery and invitations (56%) and made their own decorations (49%).
Most interesting only 12% said they did no wedding DIY at all.
If these figures are to be believed (and there is a discussion to be had here, but let’s press on) than that is a large drop in 5 years, suggesting that DYI weddings are definitely on the rise. But what does this mean for people in the wedding industry?
Well certainly it shouldn’t be an issue – sure there is less money being spent – but there is no sudden drop off in demand. Simply put, people are still getting married, and this will undoubtedly continue for a long time. Perhaps it just shows that the wedding industry has become too bloated, or too pricey. So instead the wedding industry should look to innovating to reflect these changes in people’s wants, for example rolling back highly polished production value and creating more rustic and homemade style events. Or even get more creative with smaller budgets.