Global Women Online Clothing Rental Market Size study & Forecast, by Cloth Type (Ethnic Wear, Formal Wear, Casual Wear), by Business Model (Subscription Model, Standalone Model) and Regional Analysis, 2022-2029

Global Women Online Clothing Rental Market Size study & Forecast, by Cloth Type (Ethnic Wear, Formal Wear, Casual Wear), by Business Model (Subscription Model, Standalone Model) and Regional Analysis, 2022-2029

Global Women Online Clothing Rental Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Women Online clothing rental is a service that allows customers to rent clothing for a set period of time. This service is useful for customers looking for a designer gown for theme parties, weddings, corporate events, and filming occasions. The increasing smartphone penetration among women and growing awareness towards environmental sustainability as well as cost-effectiveness associated with online clothing rental are key factors driving the market growth.

Over the years , smartphone adoption has significantly increased, creating strong demand for Global Women Online Clothing Rental Market. For instance – as per GSM (Global System for Mobile communications) Association’s Mobile Gender Gap Report 2021 – in 2019, in India around 14% of women aged 18 and above owned smartphones, and this share further increased to 25% in 2020. Also, a rise in fashion vlogs, fashion events, evolving trends of adventure events and growing spending power of middle-class people would create a lucrative growth prospectus for the market over the projected period. The successful launch of this product may provide patients with an alternative option. However, limited penetration in developing economies the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Women Online Clothing Rental Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of leading online cloth rental portals as well as the rising demand for fashionable clothes in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the rising adoption of smartphones among women coupled with increasing the popularity of online clothing rentals in countries such as China, India and Japan among others would offer lucrative growth opportunities for the market over the forecast period.

Major market player included in this report are:
Rent the Runway
Tulerie
Nuuly
Gwynnie Bee
Vince Unfold
New York and Company Closet
Style Lend
Fashion to Figure Closet
Rent It BAE
Swish List

Recent Developments in the Market:
 In February 2019, Myntra has commenced its new service called Myntra X Flyrobe in collaboration with Mumbai-based online fashion rental platform – Flyrobe. Initially, the service would be made available across four Indian Cities including Delhi (NCR), Hyderabad, Mumbai, and Bengaluru. Moreover, with this portal apparels can be rented across categories such as occasion, designers and collections.

Global Women Online Clothing Rental Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Cloth Type, Business Model, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Cloth Type
Ethnic Wear
Formal Wear
Casual Wear
By Business Model
Subscription Model
Standalone Model

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

Rent the Runway
Tulerie
Nuuly
Gwynnie Bee
Vince Unfold
New York and Company Closet
Style Lend
Fashion to Figure Closet
Rent It BAE
Swish List


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