Online Clothing Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global online clothing rental market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.5 Billion by 2028, exhibiting a growth rate (CAGR) of 9.65% during 2023-2028.
Online clothing rental can be described as a collection of services that enable consumers to rent garments for a predefined period. These portals offer designer apparel, footwear and accessories in a wide range of sizes, colours and brands. These services are commonly utilized by budget-conscious individuals who prefer to wear premium branded products at affordable prices for occasional events, such as weddings, theme parties, photoshoots and filmmaking.
The thriving online retail industry is one of the key factors driving the growth of the market across the globe. Furthermore, rising urban population with higher fashion consciousness is also contributing to the increasing service demand. There is an emerging trend of wearing designer apparel without actually owning them, especially among millennials, to keep up with the ever-changing fashion trends. Additionally, increasing awareness regarding sustainable clothing and positive environmental effects of sharing and reusing apparels is another factor favoring the market growth. Sustainability approaches, such as reusing pre-owned apparel, utilizing minimal plastic packaging, efficiently using recyclable, renewable and production resources such as, power, water and other materials are increasingly being preferred, which in turn, is contributing to the market growth. Moreover, with an increasing emphasis on sharing instead of owning, online clothing rental services enable the brand- and price-conscious consumers to try a wide variety of outfits without purchasing them. Other factors, including increasing adoption of subscription-based models, rising internet penetration rates and inflating disposable income levels, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global online clothing rental market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on clothing styles, end user, price range, end use sector and business model.
Breakup by Clothing Styles:
Western Wear
Ethnic Wear
Others
Breakup by End User:
Women
Men
Kids
Breakup by Price Range:
Low
Mid
Premium
Breakup by End Use Sector:
Business to Consumer (B2C)
Business to Business (B2B)
Breakup by Business Model:
Peer-to-Peer Model
Standalone Model
Hybrid Model
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players. being Clothing Rental, Dress & Go, Rent it Bae, Glam Corner Pty Ltd, Gwynnie Bee, Le Tote, Rent The Runway Inc. and StyleLend, etc.
Key Questions Answered in This Report
1. What was the size of the global online clothing rental market in 2022?
2. What is the expected growth rate of the global online clothing rental market during 2023-2028?
3. What has been the impact of COVID-19 on the global online clothing rental market?
4. What are the key factors driving the global online clothing rental market?
5. What is the breakup of the global online clothing rental market based on the clothing styles?
6. What is the breakup of the global online clothing rental market based on the end user?
7. What is the breakup of the global online clothing rental market based on the price range?
8. What is the breakup of the global online clothing rental market based on the end use sector?
9. What is the breakup of the global online clothing rental market based on the business model?
10. What are the key regions in the global online clothing rental market?
11. Who are the key players/companies in the global online clothing rental market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Online Clothing Rental Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Clothing Styles
- 6.1 Western Wear
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Ethnic Wear
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Others
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 7 Market Breakup by End User
- 7.1 Women
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Men
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Kids
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 8 Market Breakup by Price Range
- 8.1 Low
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Mid
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Premium
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 9 Market Breakup by End Use Sector
- 9.1 Business to Consumer (B2C)
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Business to Business (B2B)
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 10 Market Breakup by Business Model
- 10.1 Peer-to-Peer Model
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Standalone Model
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Hybrid Model
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.2 Asia Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
- 12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
- 13 Value Chain Analysis
- 14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
- 15 Price Indicators
- 16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 Clothing Rental
- 16.3.2 Dress & Go
- 16.3.3 Rent it Bae
- 16.3.4 Glam Corner Pty Ltd
- 16.3.5 Gwynnie Bee
- 16.3.6 Le Tote
- 16.3.7 Rent the Runway Inc.
- 16.3.8 StyleLend
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