Press release
Online Clothing Rental Market Size to Hit US$ 2.6 billion by 2032 at 9.2% CAGR
Request The Sample PDF Of This Report @ https://www.alliedmarketresearch.com/request-sample/2069
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.
Procure Complete Report (110 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/eb769faec10dd456b2c32e6d435b41dc
Key Findings of the Online Clothing Rental Market
North America leads the online clothing rental market, followed by the Asia-Pacific region.
Asia-Pacific which is still in its latent phase of adopting the rental clothing trend, is expected to grow at highest CAGR of 11.4% mainly led by India and China.
Women end user segment accounts for the highest market share accounting for nearly 58%, however, the men end user segment is projected to witness highest demand during the forecast period
Overall, the Ethnic wear segment possess higher market share and is expected to witness a considerable growth, owing to their frequent use in festivals, higher cost of rental, and greater maintenance costs.
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 dis 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.
Inquiry Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/2069
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).
Reasons to Buy this Online Clothing Rental Market Report:
> Mergers and acquisitions should be well-planned by identifying the best manufacturer.
> Sort new clients or possible partners into the demographic you're looking for.
> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.
> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.
> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.
> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.
> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors
Related Reports :
Activewear Market https://www.alliedmarketresearch.com/activewear-market
Sports Apparel Market https://www.alliedmarketresearch.com/sports-apparel-market
Swimwear Market https://www.alliedmarketresearch.com/swimwear-market
Diving Suits Market https://www.alliedmarketresearch.com/diving-suits-market-A05937
Yoga Clothing Market https://www.alliedmarketresearch.com/yoga-clothing-market-A14194
Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog:
https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. 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.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. 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.
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 Size to Hit US$ 2.6 billion by 2032 at 9.2% CAGR here
News-ID: 3466913 • Views: …
More Releases from Allied Market Research
Hospital Cleaning Technologies Market Updates : Asia-Pacific Region would Showca …
According to the report published by Allied Market Research, the Global Hospital Cleaning Technologies Market was estimated at $389.4 million in 2021 and is expected to hit $948.1 million by 2031, registering a CAGR of 9.3% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends.
The market study…
FinTech Lending Market to Witness a Pronounce Growth Rate ~27.4% of CAGR by 2030 …
FinTech lender checks financial and banking history of individuals & businesses borrowing through FinTech firms. Moreover, to maximize the benefits of borrowing from FinTech lenders, consumers need to provide direct access of records through a cloud-based accounting software package and banking data permissions. In addition, bank permission allows FinTech lenders to run their analytical tools to speed up the credit decisions, which is driving the FinTech Lending market growth.
Allied Market…
External Urine Management Products Market Trends : North America Region is Antic …
According to the report published by Allied Market Research, the global External Urine Management Products Market generated $15.9 billion in 2021, and is estimated to reach $31.9 billion by 2031, witnessing a CAGR of 7.4% from 2022 to 2031.
The external urine management products industry is seeing a growing focus on sustainability, with more and more consumers looking for products that are environmentally friendly and biodegradable. Companies in the external…
Contactless Payment Market Size to Generate $12.5 trillion by 2032, growing at a …
Contactless payment is a way to make purchases without physically passing a card to another person or swiping it through a machine. It uses radio frequency identification (RFID) technology and near-field communication (NFC) to process transactions where possible. Contactless payment is done by tapping a contactless card or a payment-enabled mobile or wearable device over a contactless-enabled payment terminal.
Allied Market Research published a report, titled, "Contactless Payment Market by Device…
More Releases for Rent
Luxury Car Rental Market SWOT Analysis by Top Key Players | Europcar, Unidas, Ca …
Luxury Car Rental Market research report covering the current trend and effect on the business of COVID-19. This intelligence report includes investigations based on Current scenarios, Historical records, and future predictions. The thorough research report contains all the vital information about the Luxury Car Rental market, such as market share, CAGR, driving factors, and other key impacting factors. All these factors are combined in the research to offer the best…
Rent Car in Jaipur
For what reason would it be a good idea for you to utilize Car Hire in Jaipur administration?
You will very much want to shop in Jaipur with the various stores around the city. The shopping climate in Jaipur is insane nearly the whole year independent of any event or celebration. A wide range of things are accessible in extravagant styles of the Jaipur history on the road shops of…
Car Rentals Market Growth Strategies and Innovative Technology Transformation by …
Worldwide Market Reports has announced the addition of the "Car Rentals Market Report 2020-2027 Production, Sales And Consumption Status And Prospects Professional Research", The report classifies the global Car Rentals Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
The emergence of own-brand digital ordering platform has been trending in the global Car Rentals market. Car Rentals such as…
Automobile Leasing Market 2020 to See Strong Growth including Key Players: Fox R …
The Automobile Leasing Market report gives a comprehensive outlook of the industry by studying the current market and its past growth, by looking at the key facts and figures and critical elements of the Automobile Leasing sector to draw accurate market estimations for the forecast period from 2020 to 2027. The research study segments the Automobile Leasing Market by Type (Short-term Rental, Long-term Rental and Others), Application (Personal, Enterprise and…
Car Rentals Market Growth 2020-2025: Sixt Rent A Car, Malkey Rent A Car, Casons …
Car Rentals Industry
Description
Wiseguyreports.Com Adds "Car Rentals -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2025" To Its Research Database
The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Car Rentals by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain…
South America: Car Rentals (Self Drive) Market –comprehensive study by Key Pla …
A new market study is released on Car Rentals (Self Drive) Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates…
