Online clothing rental market is Expected to Grow at 8.0% by 2031. Online clothing rental services is a form of renting clothes for a certain period of time through various online channels, thus linking customers with online clothing rental portals without any involvement of a third person. Clothes related to various occasions such as corporate parties, wedding ceremony, photo shoots, theme party, and others have strengthened the demand for buying the rented clothes through online channels.
Rising trend of online shopping due to escalation in internet penetration especially in Asian countries is expected to intensify the online clothing rental market till 2023. Apart from this, rising urban population along with higher fashion consciousness and boom in number of smartphone subscribers is likely to fuel the demand for renting clothes through online platforms in the future.
At present, North America is the largest market for online clothing rentals. Rising awareness about online clothing rentals, along with increasing women on workforce is projected to boost the online clothing rental demand in Asia Pacific region over the coming few years and will expand the growth during the forecast period. Rising trends of purchasing luxury apparels online is anticipated to bolster the growth of Europe online clothing rental market over the period.
The global online clothing rental market is mainly concentrated in North America and Asia. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
Key Players Identified Across the Value Chain in the Online Clothing Rental Market include but are not limited to:
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Online Clothing Rental market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Demography
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Type
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End-User
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
