Online Clothing Rental Market Demand 2022, Industry Overview, Analysis Key Players and Report By 2027

According to the latest report by IMARC Group, titled “Online Clothing Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” 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
• RENT IT BAE
• Glam Corner Pty Ltd
• Gwynnie Bee
• Le Tote, Inc.
• Rent the Runway, Inc.
• Style Lend, Inc.

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

Breakup by Price Range:

• Low
• Mid
• Premium

Breakup by End Use Sector:

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

Breakup 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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