Online Clothing Rental Market Outlook, Industry Demand, Growth Factors, and Report 2022-2027

Online Clothing Rental Market Outlook, Industry Demand, Growth Factors, and Report 2022-2027

The latest report by IMARC Group, titled “Online Clothing Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the online clothing rental market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global online clothing rental market size reached a value of US$ 1.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.3 Billion by 2027, exhibiting a CAGR of 9.75% during 2022-2027. Online clothing rental refers to rental services through which consumers can rent garments for a predefined period of time. It offers a cost-effective solution to those with budget constraints. These services are ideal for those who prefer to wear branded clothes on special occasions and events.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Some of the Top Companies in the Online Clothing Rental Industry:

  • The Clothing Rental
  • Dress & Go
  • Glam Corner Pty Ltd
  • Gwynnie Bee
  • Le Tote, Inc.
  • Rent the Runway, Inc.
  • Style Lend, Inc.

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Global Online Clothing Rental Market Trends:

The global market is majorly driven by the changing lifestyle preferences of the working population. In line with this, the growing urban population with high fashion sense is significantly contributing to the market growth. Apart from this, the increasing internet penetration, coupled with the growing adoption of smartphones, is providing a boost to the market growth. Moreover, the rapid expansion of the online retail industry across the globe is further catalyzing market growth. Additionally, increasing investments in promotional strategies adopted by the key manufacturers, such as leveraging the rising trend of sustainable fashion to attract customers, are creating a positive outlook for the online clothing rental market.

Global Online Clothing Rental Market 2022-2027 Analysis and Segmentation:

Breakup by Clothing Styles:

  • Western Wear
  • Ethnic Wear
  • Others

Breakup by End User:

  • Women
  • Men
  • Kids

By Price Range:

  • Low
  • Mid
  • Premium

Breakup by End Use Sector:

  • Business to Consumer (B2C)
  • Business to Business (B2B)

By Business Model:

  • Peer-to-Peer Model
  • Standalone Model
  • Hybrid Model

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

  • Market Performance
  • Market Outlook
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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