Press release
Online Men's Clothing Rental Market: Global Industry Size to Witness Significant Growth by 2027
Evolve Business Intelligence
For more information on the report: https://evolvebi.com/product/online-men-clothing-rental-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/
The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the online men clothing rental market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.
In terms of COVID 19 impact, the online men clothing rental market report also includes the following data points:
• COVID19 Impact on online men clothing rental market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in online men clothing rental market
Analyst View
According to Nisha, Principal Analyst, Evolve Business Intelligence, “The COVID-19 pandemic has led to supply disruptions and shortages of clothing products. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is to remains continue for some time. As per the government instruction across the globe has resulted in the closing of retails stores as well as online e-commerce stores (for about 2-3 months) as a precautionary measure for non-essential goods. The overconsumption of clothing for many years has resulted in an unexpected halt in the manufacturing of fashion products. This has resulted in greater financial loss and impacts the overall fashion industry including rental services.”
Competitive Scenario
Some of the major online men clothing rental players holding high market share include MEN’S WEARHOUSE (TAILORED BRANDS), CANDID KNOTS, WRAPD, and BLACK TUX. These players use new product development as a key strategy to gain significant market share to compete with market leaders.
Segmental Analysis
The global online men’s clothing rental market is segmented based on type and application. On the basis of Type, the Western wear segment accounts for the highest share in 2019 while ethnic wear is expected to grow considerably during the forecast period. Based on application, the B2B segment accounts for the largest market share in 2019 while C2C is expected to grow at the highest CAGR during the forecast period.
Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the online men clothing rental market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.
The key players profiled in the report are:
• MEN’S WEARHOUSE (TAILORED BRANDS)
• CANDID KNOTS
• WRAPD
• BLACK TUX
• EXPRESS STYLE TRIAL
• BOMBFELL, INC.
• KOKOS
• THE CLOTHING RENTAL
• GENERATION TUX
• THE MR. & MS. COLLECTION
To request a free sample report, click on the “Request Sample PDF” button on https://evolvebi.com/product/online-men-clothing-rental-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/
Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trademap, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants' financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.
Report Objectives
• To define, describe, and forecast the online men clothing rental market, in terms of value, segmented on the basis of indication, type, technology, and geography
• To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
• To provide detailed information regarding drivers, restraints, and opportunities, in the online men clothing rental market
• To provide an overview of the value chain analysis pertaining to the online men clothing rental industry
• To strategically analyze each segment and subsegment with respect to individual overall growth trends and their contribution to the overall online men clothing rental market
• To analyze opportunities in the market by identifying high-growth segments of the online men clothing rental market
• To profile key players in the online men clothing rental market and comprehensively analyze their core competencies
• To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global online men clothing rental market
Evolve Business Intelligence
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India
Email: sales@evolvebi.com
Website: https://evolvebi.com/
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.
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