Consumers are spending more on clothing activities as their disposable incomes increase, which is a significant factor driving the growth of the online clothing rental market. The growing demand for expensive designer dresses, combined with consumers' changing fashion sense, is expected to fuel the growth of the online clothing rental market in the coming years. An increasing number of fast fashion brands is also a major factor driving the growth of the online clothing rental market.
Market Dynamics
Increasing adoption of western trends across developing regions coupled with the growing middle-class population is expanding the consumer base of the global online clothing rental market. Growing digitalization across developed as well as developing regions and increasing focus of the provider to come up with innovative solutions such as live chats with professionals and stylists is also expected to fuel the market growth of the clothing rental market.
Rise in the apparel & fashion industry across the Asia Pacific region is augmenting the market growth of online clothing rental. This is attributed to growing internet penetration and the development of the overall economy.
Lack of awareness regarding the benefits of online rental products among the consumer due to lack of advertisement is expected to restrict the market growth of online clothing rental. Most consumers residing in developing countries are not aware of online clothing rental platforms.
Key features of the study:
- This report provides in-depth analysis of the global online clothing rental market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
- This study also provides impact analysis of Coronavirus (Covid-19) pandemic on online clothing rental market.
- It profiles key players in the global online clothing rental market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Rent the Runway, Poshmark, Elanic Services Private Limited, Dress & Go, GlamCorner Pvt Ltd., Envoged, Etashee, Secoo Holdings Limited, and Secret Wardrobe
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
- The global online clothing rental market report caters to various stakeholders in this industry including investors, suppliers, online clothing rental manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the online clothing rental market
Detailed Segmentation:
- Global Online Clothing Rental Market, By Demography:
- Global Online Clothing Rental Market, By Business Model:
- Peer-to-Peer Model
- Standalone Model
- Hybrid Model
- Global Online Clothing Rental Market, By Price Range:
- Global Online Clothing Rental Market, By End User:
- B2C (Business to Customer)
- B2B (Business to Business)
- Global Online Clothing Rental Market, By Type:
- Western Wear
- Ethnic Wear
- Others
- Global Online Clothing Rental Market, By Region:
- North America
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Company Profiles
- Rent the Runway *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Poshmark
- Elanic Services Private Limited
- Dress & Go
- GlamCorner Pvt Ltd.
- Envoged
- Etashee
- Secoo Holdings Limited
- Secret Wardrobe
“*” marked represents similar segmentation in other categories in the respective section.
