Online Clothing Rental Market Revenue Statistics, Share, Industry Analysis, Trends and Forecast to 2020-25

According to the latest report by IMARC Group, titled “Online Clothing Rental Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global online clothing rental market size reached a value of US$ 1.26 billion in 2019. Online clothing rental services offer garments on rent for special occasions, such as weddings, theme parties, corporate parties, photoshoots and film shoots at a cost-effective rate and without the involvement of a third person. Apart from this, they also provide designer apparel, footwear and accessories from a wide range of brands, sizes and colors.

Request Free Sample Report: https://www.imarcgroup.com/online-clothing-rental-market/requestsample

The boosting sales of smartphones, in confluence with the increasing penetration of the internet, represent one of the key factors driving the global online clothing rental market growth. In addition to this, a rise in the popularity of fashion vlogs that require clothes for a short duration is catalyzing the demand for online clothing rental services worldwide. Furthermore, owing to the growing trend of fast fashion and escalating demand for premium clothing, consumers nowadays are shifting toward online clothing rental services to stay updated with the latest fashion trends. Several companies are adopting the rental model as a sustainable approach, which includes the use of renewable and recyclable materials, minimizing the consumption of power and water, and reducing the volume of packaging. They are also offering added benefits, such as live chats with fashion experts and free trials at home. These factors are expected to provide a positive outlook for the market growth in the coming years. Looking forward, IMARC Group expects the market to reach a value of US$ 2.08 Billion by 2025, exhibiting a CAGR of 8.7% during 2020-2025.

Breakup by Clothing Styles:
• Western Wear
• Ethnic Wear
• Others

Breakup by End User:
• Women
• Men
• Kids

Market Breakup by Price Range:
• Low
• Mid
• Premium

Market Breakup by End Use Sector:
• Business to Consumer (B2C)
• Business to Business (B2B)

Market Breakup by Business Model:
• Peer-to-Peer Model
• Standalone Model
• Hybrid Model

The competitive landscape of the industry has also been examined with some of the key players being:
• Clothing Rental
• Dress & Go
• Rent it Bae
• Glam Corner Pty Ltd
• Gwynnie Bee
• Le Tote
• Rent The Runway Inc.
• StyleLend

Ask Analyst and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/online-clothing-rental-market

Source: steemit

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want to need latest primary and secondary data (2020-2025) with Cost Module, Business Strategy, Distribution Channel, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Single User: https://www.imarcgroup.com/checkout?id=1935&method=1

Corporate User: https://www.imarcgroup.com/checkout?id=1935&method=3

IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800 |
Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

This release was published on openPR.