Press release
Online Clothing Rental Market - Growth & Industry Revenue By Top Key Players Bag Borrow Steal (U.S.), Dress & Go (Brazil), Glam Corner Pty Ltd (Australia), Gwynnie Bee (U.S.), Le Tote (U.S.), Lending Luxury (U.S.), Rent the Runway (U.S.), Secoo Holdings L
Online Clothing Rental Market
The global online clothing rental market is segmented based on end-users, clothing styles, and geography. Based on end-users, it is classified into women, men, and kids. For clothing styles, it is categorized into ethnic, western, and others. Geographically, it is analyzed into, North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (India, China, Japan, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). With regards to the market competition, online renting and re-commerce companies are expanding the pre-owned product market with pioneering solutions to cater to different segments.
Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/2069?utm_source=OPR
North America is the market leaders and accounted for 40% share of the global market in 2017, followed by Europe in geographical segment. In addition, Asia-Pacific is estimated to grow at the highest CAGR as projected to be 11.4% during the forecast period. The market is increasing in developing economies of Asia-Pacific mainly because of the need of an economical alternative to direct purchasing each time, gradual increase in social acceptance of rental clothes, and overall increase in sales in online clothing industry. Fashion-conscious individuals that lacks the financial resources to purchase the clothing of their choice are expected to make most use of online clothing rental services. Rental services are proved to be a cost-effective option for these end users especially women, who are also thriving on the growth showed in the global online clothing rental market.
The primary driver of the global online clothing rental market is the increase in ease of use of online retail. Moreover, rapid advancement observed in internet penetration, growing popularity of online shopping portals over the last decade as boost the market. The advancement in mobile internet technology has further driven the demand for online rental by making the process even more convenient. Furthermore, increased e-commerce market within Asia-Pacific also aid the high market growth rate. E-commerce channels are expected to gain popularity in online rental market in the near future with some restraints such as unregulated market, specific rental policies, less social acceptance and knowledge of the platforms among population.
According to Yogiata Sharma, Research Analyst, Consumer Goods Research at Allied Market Research "With new advancements in technology, rise in globalization, upsurge in startups within the online clothing rental business to cater to the thrifty millennials bandwagon showcase the lucrative market opportunities in years to come".
North America is expected to contribute significantly towards online clothing rental market, due to the increase in fashion consciousness and huge adoption of "No Ownership" trend towards clothes. It is anticipated to dominate the market throughout the analysis period. However, Asia-Pacific is expected to witness the highest growth rate, owing to the presence of emerging countries, such as China.
The key players profiled in this report include Bag Borrow Steal (U.S.), Dress & Go (Brazil), Glam Corner Pty Ltd (Australia), Gwynnie Bee (U.S.), Le Tote (U.S.), Lending Luxury (U.S.), Rent the Runway (U.S.), Secoo Holdings Limited (China), Secret Wardrobe (India), and Share Wardrobe (India).
Key Benefits
• A comprehensive analysis of the current trends and future estimations in the market are provided.
• The report elucidates on key drivers, restraints, and opportunities and a detailed impact analysis from 2016 to 2023.
• Porters Five Forces model of the industry illustrates the potency of the buyers and suppliers in the market.
• A quantitative analysis of the current scenario and the forecast period highlights the financial competency of the market.
• The report provides a detailed analysis of the market with respect to end-users, clothing styles, and geography.
Analyst Review:
Online clothing rental service is a provision of renting clothes for a certain period with the help of online platforms by connecting distributors & retailers and potential customers. Online clothing rental portals offer a wide range of clothes, which can be categorized based on size, color, type of outfits, brands, and prices. In addition, online rental service providers offer consultation services to customers through expert designers, image consultants, and other fashion experts.
Festive outfits related to various events, such as wedding, corporate parties, theme parties, films, and photo shoots are in high demand in the online clothing rental market. Ethnic clothes have different definitions based on regions such as festive clothes and lavish wedding dresses and bridal dresses in the Asia-Pacific region, Tuxedo in countries of North America and Europe.
However, western wear is the highest growing segment during the forecast period, as it consists of corporate wear in countries of North America and Europe, while party wear in Asia-Pacific countries. Western wear is expected to grow at a comparatively higher CAGR, particularly, due to the rise in demand of rental formal wear. The growth in corporate world and the increase in female workers have boosted the usage of formal wear while being present in the office.
Get Customized Report @ https://www.alliedmarketresearch.com/request-for-customization/2069?utm_source=OPR
Women as end-users have the highest market share as women in particular avoid repetition of dresses. Although, men are gaining the market share, owing to their economical mindset and spending habits. The kids segment is also on the rise mainly due to the increase trend of themed parties based on comic starts, Halloweens etc. where the outfits are costly as compared to its usage.
The major growth factors for the market includes penetration of online clothing rental market, caused by the growing internet subscribers and increase in adoption of smartphones globally. Also, individuals going through rapid body shape change such as pregnant women and kids are the target customer base for some of the market players in this industry. Thus, online clothing rental service enables a cost effective option for consumers by renting the particular type of dress at a much lesser price than its original price for definite period.
The competitive scenario among global players is increasing that resulted in heavy discount options and value added schemes for consumers, which is in turn driving the market. In addition, market players who started earlier are holding up well even after the emergence of many startups in this sector.
LIST OF TABLES
TABLE 1. ONLINE CLOTHING RENTAL MARKET BY END-USERS, 2016-2023 ($MILLION)
TABLE 2. WOMEN ONLINE CLOTHING RENTAL MARKET REVENUE BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 3. MEN ONLINE CLOTHING RENTAL MARKET REVENUE BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 4. KIDS ONLINE CLOTHING RENTAL MARKET REVENUE BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 5. GLOBAL ONLINE CLOTHING RENTAL MARKET BY CLOTHING STYLE, 2016-2023 ($MILLION)
TABLE 6. ONLINE CLOTHING RENTAL MARKET FOR ETHNIC CLOTHING STYLE BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 7. ONLINE CLOTHING RENTAL MARKET FOR TRADITIONAL WESTERN CLOTHING STYLE BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 8. ONLINE CLOTHING RENTAL MARKET FOR TRADITIONAL CLOTHING STYLE BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 9. ONLINE CLOTHING RENTAL MARKET BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 10. NORTH AMERICA: ONLINE CLOTHING RENTAL MARKET BY END-USERS TYPE, 2016-2023 ($MILLION)
TABLE 11. NORTH AMERICA: ONLINE CLOTHING RENTAL MARKET BY CLOTHING STYLE, 2016-2023 ($MILLION)
TABLE 12. NORTH AMERICA: ONLINE CLOTHING RENTAL MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 13. EUROPE: ONLINE CLOTHING RENTAL MARKET BY END-USERS TYPE, 2016-2023 ($MILLION)
TABLE 14. EUROPE: ONLINE CLOTHING RENTAL MARKET BY CLOTHING STYLE, 2016-2023 ($MILLION)
TABLE 15. EUROPE: ONLINE CLOTHING RENTAL MARKET BY COUNTRY, 2016-2023($MILLION)
TABLE 16. ASIA-PACIFIC: ONLINE CLOTHING RENTAL MARKET BY END-USERS TYPE, 2016-2023 ($MILLION)
TABLE 17. ASIA-PACIFIC: ONLINE CLOTHING RENTAL MARKET BY CLOTHING STYLE 2016-2023 ($MILLION)
TABLE 18. ASIA-PACIFIC: ONLINE CLOTHING RENTAL MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 19. LAMEA: ONLINE CLOTHING RENTAL MARKET BY END-USERS, 2016-2023 ($MILLION)
TABLE 20. LAMEA: ONLINE CLOTHING RENTAL MARKET BY CLOTHING STYLE 2016-2023 ($MILLION)
TABLE 21. LAMEA: ONLINE CLOTHING RENTAL MARKET BY REGION, 2016-2023 ($MILLION)
TABLE 22. CHIC BY CHOICE: COMPANY SNAPSHOT
TABLE 23. CHIC BY CHOICE: OPERATING SEGMENTS
Access Full Summery @ https://www.alliedmarketresearch.com/online-clothing-rental-market?utm_source=OPR
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Online Clothing Rental Market - Growth & Industry Revenue By Top Key Players Bag Borrow Steal (U.S.), Dress & Go (Brazil), Glam Corner Pty Ltd (Australia), Gwynnie Bee (U.S.), Le Tote (U.S.), Lending Luxury (U.S.), Rent the Runway (U.S.), Secoo Holdings L here
News-ID: 1577973 • Views: …
More Releases from Allied Market Research
Revolutionizing Connectivity: A Comprehensive Analysis of the Network Function V …
The network function virtualization (NFV) market trends in Asia-Pacific is expected to exhibit the highest growth during the forecast period. The region has a robust IT infrastructure and solid software and service offerings, as well as leadership positions in emerging fields including robotics, which would provide lucrative growth opportunities for the network function virtualization market in this region.
Furthermore, the technology environment in Asian countries is expanding, particularly in sectors…
Cargo Drones Market Size Expected to Reach $16.9 Billion by 2032 | Top Companies …
According to a new report published by Allied Market Research, titled, "Cargo Drones Market Size, Share, Competitive Landscape and Trend Analysis Report by Propulsion, by Wing type, by Industry, by Payload : Global Opportunity Analysis and Industry Forecast, 2023-2032."
𝐂𝐚𝐫𝐠𝐨 𝐃𝐫𝐨𝐧𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐬 𝟐𝟎𝟐𝟑-𝟐𝟎𝟑𝟐 :
The cargo drones market was valued at $0.68 billion in 2022, and is estimated to reach $16.9 billion by 2032, growing at a CAGR of 38.1%…
Automotive HVAC System Market Comprehensive Analysis Reveals Key to Reach $68.18 …
Allied Market Research (AMR) released a recent report on the "Automotive HVAC System Market". The report analysis reveals that the global automotive HVAC system market is anticipated to achieve a revenue of $68.18 billion by 2027, having generated a revenue of $43.37 billion in 2019, with a notable CAGR of 5.8% over the projected timeframe.
This research report offers a detailed examination of successful industrial strategies that the industry adopted…
Driving Transparency : Automotive Blockchain Market to Reach $5.61 Billion by 20 …
According to a recent report published by Allied Market Research, titled, "Automotive Blockchain Market Size, Share, Competitive Landscape and Trend Analysis Report by Application, Provider and Mobility : Global Opportunity Analysis and Industry Forecast, 2020-2030."
𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐬 𝟐𝟎𝟐𝟎-𝟐𝟎𝟑𝟎 :
The global automotive blockchain market is expected to value $428.57 million in 2020, and is projected to reach $5.61 billion by 2030, registering a CAGR of 29.3%. North America is…
More Releases for CLOTHING
Clothing Market Will Hit Big Revenues In Future | TIME Clothing, Influence Cloth …
The latest research on "Worldwide Clothing Report 2022" offered by HTF MI provides a comprehensive investigation into the geographical landscape, industry size along with the revenue estimation of the business. Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the "Market".
Get Free Sample PDF including full TOC, Tables and Figures and Available customizations) in Worldwide Clothing: https://www.htfmarketreport.com/sample-report/3553825-worldwide-clothing-market
Proceeding further, the business intelligence…
SHUKR Islamic Clothing Celebrates Summer With Exclusive Clothing Range
From elegant abaya gowns, exclusive prayer sets and decorative hijabs, SHUKR embraces the summer months with their stunning array of styles and designs.
With new modest and Islamic clothing companies popping up all around the world, SHUKR Islamic Clothing remains a favorite global brand when it comes to unique and fresh approaches to modern dressing. With the warmer months reminding Muslim women of the importance of traditions, SHUKR makes it easy…
Global Clothing and Clothing Accessories Stores Market Research Report
The clothing & clothing accessories stores subsector is a part of the retail trade sector which retails new clothing and clothing accessories merchandise from fixed point-of-sale locations. It involves enterprises primarily engaged in retailing single or combination lines of new clothing accessories, for instance hats & caps, gloves, costume jewelry, handbags, ties, toupees, wigs, and belts.
According to study, “Clothing And Clothing Accessories Stores Global Market Report 2019” the key companies…
Clothing And Clothing Accessories Stores Market Research Report 2019
The clothing and clothing accessories stores market size is expected to increase by 2022, significantly growing at a stable CAGR during the forecast period. The growth in the clothing and clothing accessories stores market is due to the growing demand for updated fashion clothing in all ages. However, the market for clothing and clothing accessories stores is expected to face certain restraints from several factors such as growing competition and…
CC Wholesale Clothing is the largest wholesale clothing mart
United States 16-05-2018. CC Wholesale Clothing is the leading and trusted clothing store carries finest selection in wholesale clothing. It has very good range of fashionable apparels, accessories and other items of your use. You can easily buy the quality products at the guaranteed low prices. This is the must visit wholesale clothing mart for all kind of buyers who want to save time and money on online shopping. If…
CC Wholesale Clothing is the wholesale clothing mart online
United States 30-11-2017. CC Wholesale Clothing is the largest clothing store carries huge variety in latest clothes. It is the perfect shopping destination that provides huge selection in clothing and lets you have the great shopping experience. Whether you want to buy clothes for men, women or kids but this is your must visit store will definitely exceed your expectations. It is the complete fashion store for women who want…
