[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Wedding Loans Market By Type (Local Wedding, Destination Wedding), By Interest rate (Fixed Interest Rate, Floating Interest Rate), By Provider (Banks, NBFCs, Others): Global Opportunity Analysis and Industry Forecast, 2024-2033

April 2024 | 347 pages | ID: W582AE12096CEN
Allied Market Research

US$ 3,570.00

E-mail Delivery (PDF), Online Subscription, Hard Copy Mail Delivery, CD-ROM Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
In 2023, the global wedding loans market reached a value of $11.6 billion. Forecasts suggest that by 2033, it will grow t%li%$23.3 billion, exhibiting a CAGR of 7.3% from 2024 t%li%2033. A wedding loan serves as a specific type of personal loan tailored t%li%assist individuals in covering the expenses associated with weddings. Typically obtained from a lender such as a bank, credit union, or non-banking financial company (NBFC), this loan is repaid over a mutually agreed-upon period. The loan amount may vary depending on the lender and the borrower's creditworthiness, with some lenders offering amounts ranging from a few thousand t%li%tens of thousands of dollars or more.



Wedding loans can be utilized t%li%finance a variety of wedding-related expenditures, including venue rental, catering, attire, decorations, and even honeymoon costs. These loans afford individuals the financial flexibility t%li%plan and realize their dream weddings without encountering immediate financial constraints.

The wedding loans market is driven by the escalation in wedding expenses, the increasing embrace of non-traditional weddings, and the surge in popularity of destination weddings. Destination weddings have witnessed a notable rise in recent years, as couples seek t%li%craft unique and memorable experiences for themselves and their guests.

However, these weddings often come with higher costs, making wedding loans an attractive option for couples wh%li%want t%li%achieve their dream wedding without compromising on quality. Furthermore, the cost of weddings has been on the rise, with the average wedding in the U.S. costing over $30,000. This has led t%li%rise in demand for wedding loans, as couples look for ways t%li%finance their special day without incurring significant debt. Despite the growing demand for wedding loans, the high-interest rates that often come with wedding loans, make them a less attractive option for couples wh%li%are already facing significant wedding expenses. This can deter couples from taking out wedding loans, limiting the growth of the market. Moreover, lack of awareness about wedding loans and their benefits limits the market's potential growth. On the contrary, the rise of digitalization and online lending platforms offer a convenient and efficient way for couples t%li%apply for and receive wedding loans, which is expected t%li%expand the market's potential in the upcoming years. In addition, partnerships with wedding vendors, such as wedding planners and venues open new avenues for the market. These partnerships are expected t%li%help increase awareness of wedding loans and their benefits. For instance, in December 2023, a new financial option known as Marry Now, Pay Later (MNPL) program entered the market in addition t%li%conventional wedding loans. Led by the fintech lending platform SanKash, MNPL works with hotels in different cities and provides different kinds of wedding financing.

The wedding loans market is segmented int%li%type, interest rate, provider, and region. On the basis of type, the market is divided int%li%local wedding and destination wedding. On the basis of interest rate, the market is bifurcated int%li%fixed interest rate and floating interest rate. On the basis of provider, the market is differentiated int%li%banks, NBFCs, and others. Region-wise, it is analyzed across North America (the U.S., and Canada), Europe (the UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), Latin America (Brazil, Argentina, and rest of Latin America), and Middle East and Africa (GCC Countries, South Africa, and rest of Middle East and Africa).

The key players operating in the global wedding loans market include Social Finance, LLC, LendingPoint LLC, Prosper Funding LLC, Discover Bank, HDFC Bank Ltd., LightStream, Best Egg, Achieve.com, Tata Capital Limited, and Bajaj Finserv. These players have adopted various strategies t%li%increase their market penetration and strengthen their position in the wedding loans industry.

Key Benefits for Stakeholders
    • The study provides in-depth analysis of the wedding loans market along with current trends and future estimations t%li%illustrate the imminent investment pockets.
  • Information about key drivers, restraints, & opportunities and their impact analysis on the wedding loans market size are provided in the report.
  • The Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
      • A quantitative analysis of the wedding loans market from 2023 t%li%2033 is provided t%li%determine the market potential.
Additional benefits you will get with this purchase are:
  • Quarterly Update and* (only available with a corporate license, on listed price)
  • 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
  • Free Upcoming Version on the Purchase of Five and Enterprise User License.
      • 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting t%li%16 analyst hours t%li%solve questions, and post-sale queries)
    • 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent t%li%3 working days of free work, applicable once)
  • Free data Pack on the Five and Enterprise User License. (Excel version of the report)
  • Free Updated report if the report is 6-12 months old or older.
  • 24-hour priority response*
  • Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk t%li%the sales executive t%li%know more)
  • Investment Opportunities
  • Market share analysis of players by products/segments
  • Regulatory Guidelines
    • Additional company profiles with specific t%li%client's interest
  • Additional country or region analysis- market size and forecast
  • Expanded list for Company Profiles
  • Market share analysis of players at global/region/country level
Key Market Segments

By Interest rate
  • Fixed Interest Rate
  • Floating Interest Rate
By Provider
  • Banks
  • NBFCs
  • Others
By Type
  • Local Wedding
  • Destination Wedding
By Region
  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • Latin America
  • Brazil
  • Argentina
  • Rest of Latin America
  • Middle East and Africa
  • Gcc Countries
  • South Africa
  • Rest of Middle East And Africa
  • Key Market Players
  • Social Finance, LLC
  • LendingPoint LLC
  • Prosper Funding LLC
  • Discover Bank
  • HDFC Bank Ltd.
  • LightStream
  • Best Egg
  • Achieve.com
  • Tata Capital Limited
  • Bajaj Finserv
CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
  1.4.1. Primary research
  1.4.2. Secondary research
  1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
  3.2.1. Top impacting factors
  3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
  3.4.1. Drivers
  3.4.2. Restraints
  3.4.3. Opportunities

CHAPTER 4: WEDDING LOANS MARKET, BY TYPE

4.1. Overview
  4.1.1. Market size and forecast
4.2. Local Wedding
  4.2.1. Key market trends, growth factors and opportunities
  4.2.2. Market size and forecast, by region
  4.2.3. Market share analysis by country
4.3. Destination Wedding
  4.3.1. Key market trends, growth factors and opportunities
  4.3.2. Market size and forecast, by region
  4.3.3. Market share analysis by country

CHAPTER 5: WEDDING LOANS MARKET, BY INTEREST RATE

5.1. Overview
  5.1.1. Market size and forecast
5.2. Fixed Interest Rate
  5.2.1. Key market trends, growth factors and opportunities
  5.2.2. Market size and forecast, by region
  5.2.3. Market share analysis by country
5.3. Floating Interest Rate
  5.3.1. Key market trends, growth factors and opportunities
  5.3.2. Market size and forecast, by region
  5.3.3. Market share analysis by country

CHAPTER 6: WEDDING LOANS MARKET, BY PROVIDER

6.1. Overview
  6.1.1. Market size and forecast
6.2. Banks
  6.2.1. Key market trends, growth factors and opportunities
  6.2.2. Market size and forecast, by region
  6.2.3. Market share analysis by country
6.3. NBFCs
  6.3.1. Key market trends, growth factors and opportunities
  6.3.2. Market size and forecast, by region
  6.3.3. Market share analysis by country
6.4. Others
  6.4.1. Key market trends, growth factors and opportunities
  6.4.2. Market size and forecast, by region
  6.4.3. Market share analysis by country

CHAPTER 7: WEDDING LOANS MARKET, BY REGION

7.1. Overview
  7.1.1. Market size and forecast By Region
7.2. North America
  7.2.1. Key market trends, growth factors and opportunities
  7.2.2. Market size and forecast, by Type
  7.2.3. Market size and forecast, by Interest rate
  7.2.4. Market size and forecast, by Provider
  7.2.5. Market size and forecast, by country
    7.2.5.1. U.S.
      7.2.5.1.1. Market size and forecast, by Type
      7.2.5.1.2. Market size and forecast, by Interest rate
      7.2.5.1.3. Market size and forecast, by Provider
    7.2.5.2. Canada
      7.2.5.2.1. Market size and forecast, by Type
      7.2.5.2.2. Market size and forecast, by Interest rate
      7.2.5.2.3. Market size and forecast, by Provider
7.3. Europe
  7.3.1. Key market trends, growth factors and opportunities
  7.3.2. Market size and forecast, by Type
  7.3.3. Market size and forecast, by Interest rate
  7.3.4. Market size and forecast, by Provider
  7.3.5. Market size and forecast, by country
    7.3.5.1. UK
      7.3.5.1.1. Market size and forecast, by Type
      7.3.5.1.2. Market size and forecast, by Interest rate
      7.3.5.1.3. Market size and forecast, by Provider
    7.3.5.2. Germany
      7.3.5.2.1. Market size and forecast, by Type
      7.3.5.2.2. Market size and forecast, by Interest rate
      7.3.5.2.3. Market size and forecast, by Provider
    7.3.5.3. France
      7.3.5.3.1. Market size and forecast, by Type
      7.3.5.3.2. Market size and forecast, by Interest rate
      7.3.5.3.3. Market size and forecast, by Provider
    7.3.5.4. Italy
      7.3.5.4.1. Market size and forecast, by Type
      7.3.5.4.2. Market size and forecast, by Interest rate
      7.3.5.4.3. Market size and forecast, by Provider
    7.3.5.5. Spain
      7.3.5.5.1. Market size and forecast, by Type
      7.3.5.5.2. Market size and forecast, by Interest rate
      7.3.5.5.3. Market size and forecast, by Provider
    7.3.5.6. Rest of Europe
      7.3.5.6.1. Market size and forecast, by Type
      7.3.5.6.2. Market size and forecast, by Interest rate
      7.3.5.6.3. Market size and forecast, by Provider
7.4. Asia-Pacific
  7.4.1. Key market trends, growth factors and opportunities
  7.4.2. Market size and forecast, by Type
  7.4.3. Market size and forecast, by Interest rate
  7.4.4. Market size and forecast, by Provider
  7.4.5. Market size and forecast, by country
    7.4.5.1. China
      7.4.5.1.1. Market size and forecast, by Type
      7.4.5.1.2. Market size and forecast, by Interest rate
      7.4.5.1.3. Market size and forecast, by Provider
    7.4.5.2. Japan
      7.4.5.2.1. Market size and forecast, by Type
      7.4.5.2.2. Market size and forecast, by Interest rate
      7.4.5.2.3. Market size and forecast, by Provider
    7.4.5.3. India
      7.4.5.3.1. Market size and forecast, by Type
      7.4.5.3.2. Market size and forecast, by Interest rate
      7.4.5.3.3. Market size and forecast, by Provider
    7.4.5.4. Australia
      7.4.5.4.1. Market size and forecast, by Type
      7.4.5.4.2. Market size and forecast, by Interest rate
      7.4.5.4.3. Market size and forecast, by Provider
    7.4.5.5. South Korea
      7.4.5.5.1. Market size and forecast, by Type
      7.4.5.5.2. Market size and forecast, by Interest rate
      7.4.5.5.3. Market size and forecast, by Provider
    7.4.5.6. Rest of Asia-Pacific
      7.4.5.6.1. Market size and forecast, by Type
      7.4.5.6.2. Market size and forecast, by Interest rate
      7.4.5.6.3. Market size and forecast, by Provider
7.5. Latin America
  7.5.1. Key market trends, growth factors and opportunities
  7.5.2. Market size and forecast, by Type
  7.5.3. Market size and forecast, by Interest rate
  7.5.4. Market size and forecast, by Provider
  7.5.5. Market size and forecast, by country
    7.5.5.1. Brazil
      7.5.5.1.1. Market size and forecast, by Type
      7.5.5.1.2. Market size and forecast, by Interest rate
      7.5.5.1.3. Market size and forecast, by Provider
    7.5.5.2. Argentina
      7.5.5.2.1. Market size and forecast, by Type
      7.5.5.2.2. Market size and forecast, by Interest rate
      7.5.5.2.3. Market size and forecast, by Provider
    7.5.5.3. Rest of Latin America
      7.5.5.3.1. Market size and forecast, by Type
      7.5.5.3.2. Market size and forecast, by Interest rate
      7.5.5.3.3. Market size and forecast, by Provider
7.6. Middle East and Africa
  7.6.1. Key market trends, growth factors and opportunities
  7.6.2. Market size and forecast, by Type
  7.6.3. Market size and forecast, by Interest rate
  7.6.4. Market size and forecast, by Provider
  7.6.5. Market size and forecast, by country
    7.6.5.1. Gcc Countries
      7.6.5.1.1. Market size and forecast, by Type
      7.6.5.1.2. Market size and forecast, by Interest rate
      7.6.5.1.3. Market size and forecast, by Provider
    7.6.5.2. South Africa
      7.6.5.2.1. Market size and forecast, by Type
      7.6.5.2.2. Market size and forecast, by Interest rate
      7.6.5.2.3. Market size and forecast, by Provider
    7.6.5.3. Rest of Middle East And Africa
      7.6.5.3.1. Market size and forecast, by Type
      7.6.5.3.2. Market size and forecast, by Interest rate
      7.6.5.3.3. Market size and forecast, by Provider

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. Social Finance, LLC
  9.1.1. Company overview
  9.1.2. Key executives
  9.1.3. Company snapshot
  9.1.4. Operating business segments
  9.1.5. Product portfolio
  9.1.6. Business performance
  9.1.7. Key strategic moves and developments
9.2. LendingPoint LLC
  9.2.1. Company overview
  9.2.2. Key executives
  9.2.3. Company snapshot
  9.2.4. Operating business segments
  9.2.5. Product portfolio
  9.2.6. Business performance
  9.2.7. Key strategic moves and developments
9.3. Prosper Funding LLC
  9.3.1. Company overview
  9.3.2. Key executives
  9.3.3. Company snapshot
  9.3.4. Operating business segments
  9.3.5. Product portfolio
  9.3.6. Business performance
  9.3.7. Key strategic moves and developments
9.4. Discover Bank
  9.4.1. Company overview
  9.4.2. Key executives
  9.4.3. Company snapshot
  9.4.4. Operating business segments
  9.4.5. Product portfolio
  9.4.6. Business performance
  9.4.7. Key strategic moves and developments
9.5. HDFC Bank Ltd.
  9.5.1. Company overview
  9.5.2. Key executives
  9.5.3. Company snapshot
  9.5.4. Operating business segments
  9.5.5. Product portfolio
  9.5.6. Business performance
  9.5.7. Key strategic moves and developments
9.6. LightStream
  9.6.1. Company overview
  9.6.2. Key executives
  9.6.3. Company snapshot
  9.6.4. Operating business segments
  9.6.5. Product portfolio
  9.6.6. Business performance
  9.6.7. Key strategic moves and developments
9.7. Best Egg
  9.7.1. Company overview
  9.7.2. Key executives
  9.7.3. Company snapshot
  9.7.4. Operating business segments
  9.7.5. Product portfolio
  9.7.6. Business performance
  9.7.7. Key strategic moves and developments
9.8. Achieve.com
  9.8.1. Company overview
  9.8.2. Key executives
  9.8.3. Company snapshot
  9.8.4. Operating business segments
  9.8.5. Product portfolio
  9.8.6. Business performance
  9.8.7. Key strategic moves and developments
9.9. Tata Capital Limited
  9.9.1. Company overview
  9.9.2. Key executives
  9.9.3. Company snapshot
  9.9.4. Operating business segments
  9.9.5. Product portfolio
  9.9.6. Business performance
  9.9.7. Key strategic moves and developments
9.10. Bajaj Finserv
  9.10.1. Company overview
  9.10.2. Key executives
  9.10.3. Company snapshot
  9.10.4. Operating business segments
  9.10.5. Product portfolio
  9.10.6. Business performance
  9.10.7. Key strategic moves and developments


More Publications