Press release
Online Clothing Rental Global Market Report 2024 - By Size, Share, Industry Trends, Analysis, Forecast To 2033
Online Clothing Rental Market
As per the report, the online clothing rental market size has grown rapidly in recent years. It will grow from $1.57 billion in 2023 to $1.75 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The online clothing rental market size is expected to see rapid growth in the next few years. It will grow to $2.63 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%.
Download Free Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=6269&type=smp
Rise In Mobile And Internet Penetration Propel The Growth Of The Online Clothing Rental Market
The increase in mobile and internet penetration is expected to propel the growth of the online clothing rental market. Economic development, IT infrastructure, supportive government, and business policies, and the degree of urbanization all have a positive impact on mobile and internet growth. In an online clothing rental service, a person rents clothing online with the use of the internet and makes the payment online. For instance, according to Data Reportal, a Singapore-based business intelligence company, in October 2021, 4.88 billion people (almost 62%) in the world are using the internet. According to Bankmycell, a US-based price comparison site for mobile phones, in 2021, there are 6.378 billion (80.76% of the world population) smartphone users. Therefore, increasing mobile and internet penetration is driving the growth of the online clothing rental market.
Introduction Of Blockchain Based Cloth Rental Services
Technological advancements are shaping the online clothing rental market. Technological advancement has helped online clothing businesses to sync up all their operations and business processes. For instance, in October 2021, H&M, a Swedish-based multinational clothing company launched blockchain-based clothes rental service with scannable IoT labels on the clothing. With this, customers at H&M's store can pick garments for instant hire by scanning IoT-connected stickers with their smartphones. Customers can access this service by signing up for Spin and then paying up to $11 in daily hire fees. Reselling or renting alongside innovation in materials is helping create sustainable consumption patterns.
The online clothing rental market covered in this report is segmented -
1) By Clothing Styles: Western Wear, Ethnic Wear, Other Clothing Styles
2) By Dress Code: Formal, Casual, Traditional
3) By Price Range: Low, Mid, Premium
4) By End User: Women, Men, Kids
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=6269&type=discount
Major companies operating in the online clothing rental market report are Style Lend Company, Rotaro Engineers Private Limited, Rent the Runway Inc., Aark World Private Limited, Mine for Nine LLC, Le Tote Inc., La Reina Inc., Gwynnie Bee, Glam Corner Pty Ltd., Omapal Technologies Pvt. Ltd., Dress Hire, Dress & Go Locação de Vestidos e Acessórios Ltda, Threads (India) Limited, Stylish Play LLC, The Secret Wardrobe Ltd., Nuuly Rent URBN SR LLC, Armoire Style Inc., Haverda sh, The Mr. & Ms. Collection, Tulerie Inc., Curtsy Inc., Wardrobe Icons Ltd., Voice over Long-Term Evolution, Dress Up India Private Limited, Fitzroy Robinson Ltd., The Borrowed Collective Ltd., Designer Wardrobe Ltd., The Clothing Rental, The Wardrobe Company Ltd., The Style Capsule
Contents of the report:
1. Executive Summary
2. Online Clothing Rental Market Report Structure
3. Online Clothing Rental Market Trends And Strategies
4. Online Clothing Rental Market - Macro Economic Scenario
5. Online Clothing Rental Market Size And Growth
…..
27. Online Clothing Rental Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @
https://www.thebusinessresearchcompany.com/report/online-clothing-rental-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Global Market Report 2024 - By Size, Share, Industry Trends, Analysis, Forecast To 2033 here
News-ID: 3608245 • Views: …
More Releases from The Business research company
Aerospace Forging Market Anticipated To Witness Robust Growth, Surpassing $49.66 …
The Aerospace Forging Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Aerospace Forging Market Size and Its Estimated Growth Rate?
The Aerospace Forging Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034.…
Fuel Efficiency Advancements Fueling Growth In The Advanced Lead-Acid Batteries …
The Advanced Lead Acid Battery Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Advanced Lead Acid Battery Market Size and Its Estimated Growth Rate?
The Advanced Lead Acid Battery Market Report by The Business Research Company delivers a detailed market assessment, covering…
Acrylic Rubber Market Report 2025-2034: Industry Overview, Trends, And Forecast …
The Acrylic Rubber Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Acrylic Rubber Market Size and Its Estimated Growth Rate?
The Acrylic Rubber Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034.…
5G NTN Market Anticipated To Witness Robust Growth, Surpassing $17.01 Billion By …
The 5G NTN Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current 5G NTN Market Size and Its Estimated Growth Rate?
The 5G NTN Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034.…
More Releases for Cloth
Global Lens Cloth Market, Global Lens Cloth Industry, Covid-19 Impact Global Len …
Lens cloth is special type of cleaning cloth, which is generally made from different fabrics. This type of cloth can be micro-fiber cloth or wet wipes that depend on the lens to be cleaned. It helps remove dirt and grease particles that stick to the lens in daily use. Cleaning the lens helps to preserve the life of expensive lenses and prevents scratches on the lens surface. Microfiber lens cloths…
Global Waste Cloth Sales Market Report 2017
The Waste Cloth Industry 2017 Market Research Report is a professional and in-depth study on the current state of the Waste Cloth industry.
Firstly, the report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Waste Cloth market analysis is provided for the international market including development history, competitive landscape analysis, and major regions’ development status.
Secondly, development policies and plans are discussed as well as manufacturing processes and…
Cambric Cloth Manufacturer-Kamal Textiles,Burhanpur
Owing to our vast manufacturing facilities, we are able to offer a superlative and astonishing range of Cambric Fabrics. The Offered range of Cambric Fabrics is appreciated among the customers, owing to its features such as color fastness and high tensile strength. Besides, the offered range is suitably tested on several parameters such as easy to wash and smooth texture, so as to ensure its adherence with the industry laid…
Buckram Cloth at Kamal Textiles
Kamal Textiles is engaged in the Manufacturing and exporting of excellent quality Buckram, Buckram Fabric. New materials and technical innovations from over years of experience have resulted in such high quality buckram. So feel free to avail the opportunity of reasonable prices & conduct a blissful shopping from us. Buckram / canvas are used as raw material for suiting’s & shirting’s & for different types of Readymade Garments.
Buckram is used…
Cambric Cloth By Kamal Textiles
Owing to our vast manufacturing facilities, we are able to offer a superlative and astonishing range of Cambric Fabrics. The Offered range of Cambric Fabrics is appreciated among the customers, owing to its features such as color fastness and high tensile strength. Besides, the offered range is suitably tested on several parameters such as easy to wash and smooth texture, so as to ensure its adherence with the industry laid…
BumGenius organic reusable cloth diapers in India
In exclusive tie-up with leading online retailer SmartBaby India, USA based Cotton Babies Inc. has announced the launch of bumGenius, its most popular, organic reusable cloth diapers brand in India.
USA based Cotton Babies, Inc. has announced that bumGenius, its award winning cloth diapers is now available in India exclusively through India’s leading online retailer of baby care products, SmartBaby India through its website www.Smartbaby.in . The bumGenius brand has received…
