Global Online Men Clothing Rental Market, Growth Opportunity, Key Players - Men’s Wearhouse (Tailored Brands), Candid Knots, Wrapd, and Black Tux, Among Others

According to the report, the global online men’s clothing rental market was valued at $233.7 million in 2019 and is anticipated to grow at a CAGR of 12.6% from 2020 to 2027.

Increasing interest in cosplay:

The cosplay culture is quite popular at the moment. It is very common among people looking to dress up as their favorite character or simply for fun. People can attend conventions or cosplay gatherings without having to pay anything, just because they want to have some Halloween-like experience every day of the year. Some dresses are difficult to find in stores or are too expensive, so people are opting for online rental services that may affect the growth of the market considerably. The fans following this culture are growing with time and it seems there will be even more opportunities in the future.
The market is hampered by the unregulated market, specific rental policies, less social acceptance, and knowledge of the platforms among the population.

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The recently published research report on Global Online Men Clothing Rental Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

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.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

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

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Key Players
Some of the major Online Men Clothing Rental players holding a high market share include Men’s Wearhouse (Tailored Brands), Candid Knots, Wrapd, Black Tux. These players use new product development/acquisition/partnership and collaboration/expansion as a key strategy to gain significant market share to compete with market leaders.

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

Segmental Analysis
Market Segment By Type with focus on market share, consumption trend, and growth rate of Online Men Clothing Rental Market:
o Western Wear
o Ethnic Wear
o Others

Market Segment By Application with focus on market share, consumption trend, and growth rate of Online Men Clothing Rental Market:
o Business to Consumer (B2C)
o Consumer to Consumer (C2C)

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Global Online Men Clothing Rental Geographic Coverage:
• North America
o US
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific

• Rest of the World
o South America
o Middle East & Africa

North America holds the larger share in the market owing to the increasing trend of online shopping and the high disposable income of people in the region.

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