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Current Status of Online Clothing Rental Market explored in Latest research Forecast to 2023 by key players Dress & Go, Glam Corner, Gwynnie Bee, Le Tote, Lending Luxury, Rent the Runway and Secoo Holdings Limited

08-05-2019 08:24 AM CET | Fashion, Lifestyle, Trends

Press release from: Premium Market Insights

Current Status of Online Clothing Rental Market explored

Global online clothing rental market was valued at $1,013 million in 2017, and is estimated to reach $ 1,856 million by 2023, registering a CAGR of 10.6% from 2017 to 2023.

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.

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The key players profiled in the 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).

The Market is likely to showcase symbolic growth opportunities owing to growing demands for Online Clothing Rental across the globe. Every crucial and decisive detail for the development and restriction of the market is mentioned in fine points in this report.Besides this it highlights the potential opportunities for the market players and future trends of the market by a logical and calculative study of the past and current market scenario.

The Online Clothing Rental market is segmented based on demography, type of clothes, and geography. Based on end-users, it is categorized into women, men, and kids. On the basis of clothing styles, it is classified into ethnic, western, and others. Geographically, it is analyzed into North America, Europe, Asia-Pacific, and LAMEA.

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.

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Table of Contents

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Market Overview

Chapter 4: Global Online Clothing Rental Market By End-Users

Chapter 5 Global Online Clothing Rental Market By Clothing Styles

Chapter 5: World Online Clothing Rental Market, by Geography

Chapter 7: Company Profile

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