NEW YORK, April 25, 2022 /PRNewswire/ — According to the market outlook report, the Online Clothing Rental Market share will witness a YOY growth of 25.96% in 2022 during the forecast period. The report is segmented by end-user (women, men, and children) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). One of the main drivers of the online clothing rental market is the growing e-commerce fashion industry.

Technavio has announced its latest market research report titled Online Clothing Rental Market by End-user and Geography - Forecast and Analysis 2022-2026

Technavio has announced its latest market research report titled Online Clothing Rental Market by End-user and Geography – Forecast and Analysis 2022-2026

For more insights on YOY and CAGR, Read our latest Sample Report

Vendor Insights

Online Clothing Rental Market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • AARK World Pvt. Ltd

  • Armoire Style Inc.

  • Dress and Go SA

  • Front Row

  • Girl Meets Dress

  • Glam Corner Pty Ltd.

  • Glamourental

  • Gwynnie Bee

  • La Reina Gown

  • Mine for Nine LLC

  • My Secret Wardrobe

  • Rent An Attire

  • Rent the Runway Inc.

  • Rotaro

  • Style Lend Inc.

  • Stylease Pvt. Ltd.

  • TheDressBank

  • Urban Outfitters Inc.

  • Wrapd

  • Your secret closet

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read our Sample Report.

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Geographical Market Analysis

APAC will account for 44 percent of market growth. In APAC, the primary markets for online clothes rental are South Korea, Japan, and China. The market in this region will increase at a quicker rate than the market in other regions.

Over the forecast period, the growing desire for affordable fashion and a diverse selection of fashion goods would aid the expansion of the online clothing rental market in APAC.

Furthermore, countries such as the US, South Korea, Japan, China, and France are expected to emerge as prominent markets for the Online Clothing Rental Market during the forecast period.

Know more about this market’s geographical distribution along with a detailed analysis of the top regions. Download Detailed Sample Report.

Key Segment Analysis

The women’s online clothes rental market share will expand significantly. Women choose their outfits based on the occasion, such as a date, a formal meeting, and so on. Because occasion wear products are so expensive, ladies are increasingly opting to rent rather than buy. Furthermore, the disposal of unneeded clothing in landfills has a significant environmental impact. Also, an increasing number of branded clothing merchants have noted an increase in the number of women wearing and returning sold items. These elements are propelling the segment forward.

View Sample Report: to know additional highlights and key points on various market segments and their impact in coming years.

Key Market Drivers & Challenges:

One of the major factors driving the expansion of the online garment rental business is the expanding e-commerce fashion industry. One of the important online clothing rental industry trends that is driving the market growth is the growing popularity of experiential marketing. However, inventory management issues are one of the obstacles impeding the growth of the online clothes rental sector.

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Download Sample Report for highlights on market Drivers & Challenges affecting the Online Clothing Rental Market.

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Online Clothing Rental Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 17.91%

Market growth 2022-2026

$ 3.00 billion

Market structure

Fragmented

YoY growth (%)

25.96

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 44%

Key consumer countries

US, South Korea, Japan, China, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AARK World Pvt. Ltd, Armoire Style Inc., Dress and Go SA, Front Row, Girl Meets Dress, Glam Corner Pty Ltd., Glamourental, Gwynnie Bee, La Reina Gown, Mine for Nine LLC, My Secret Wardrobe, Rent An Attire, Rent the Runway Inc., Rotaro, Style Lend Inc., Stylease Pvt. Ltd., TheDressBank, Urban Outfitters Inc., Wrapd, and Your secret closet

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by End-user

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us:
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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