Online Clothing Rental Market by End-Users (Women, Men, and Kids) and Clothing Style (Ethnic, Western, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023. According to the report, the global online clothing rental market garnered $1.01 billion in 2017 and is expected to reach $1.85 billion by 2023, registering a CAGR of 10.6% from 2017 to 2023.
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This report is a complete study of the current trends, growth drivers, restraints, market estimates and forecasts, Porter’s five force model analysis, market segmentation, and detailed profiles of the top industry players of the online clothing rental market. It is an essential tool for the existing market players and new entrants as it enables them to make informed decisions for a sustainable business growth.
The report provides an analysis of the segments of the online clothing rental market in detail, bifurcating it into end users, clothing style, and geography. Based on end users, the market is divided into women, men, and kids. The women segment captured nearly 60% of the market share in 2017 and is likely to dominate the market through 2023. Based on clothing style, the market is segmented into ethnic, western, and others. The western segment would grow at the fastest CAGR of 11.2% through the study period. Geographically, the market analysis covers North America, Europe, Asia-Pacific, and LAMEA. The market in Asia-Pacific is expected to grow at the highest CAGR of 11.5% during the forecast period, 2017-2023.
The drivers, restraints, and opportunities are broadly analyzed in the online clothing rental market report. Ease of use of online retail, rapid advancement in internet penetration, growing popularity of online shopping portals, and advancement in mobile internet technology drive the market growth. Nonetheless, less knowledge about online rental among population restrict the market growth. On the other hand, rapidly growing economies of China and India offer new opportunities for the growth of the market.
The report also includes an analysis of the leading players operating in the online clothing rental market. They 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).
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