North America Online Clothing Rental Market Databank
The Online Clothing Rental market was valued at $1,120.0 Million in 2020, and is projected to reach $2,611.2 Million by 2029 growing at a CAGR of 9.92% from 2021 to 2029. Formal segment is expected to be the highest contributor to this market, with $558.2 Million in 2020, and is anticipated to reach $1,295.1 Million by 2029, registering a CAGR of 9.86%. Casual segment is anticipated to reach $937.1 Million by 2029 with the highest CAGR of 10.02%. Formal and Casual segments collectively expected to account for about 85.4% share of the Online Clothing Rental market in 2020, with the former constituting around 49.8% share. Casual and Traditional segments are expected to witness significant growth rates at a CAGR of 10.02% and 9.89% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 50.2% in the overall Online Clothing Rental market in 2020, and is anticipated to reach 50.4% by 2029.
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