The modern-day document posted via Report Ocean, titled “Online Clothing Rental Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
Online clothing rental includes services through, which individuals can rent items of clothing for a specific period of time. These services benefit individuals participating in occasional events, such as wedding parties, cultural events, theme parties, corporate parties, costume parties, film-making, or photoshoots. Individuals who are fashion-conscious, but lack the financial resources to purchase the clothing of their choice make use of online clothing rental services. Moreover, online clothing rental services are useful for individuals going through temporary changes in their body structure, such as pregnant women. Rental services provide a cost-effective option for all genders, which drive the demand for online rented clothes, across the globe.
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The online clothing rental platforms have immensely contributed to the revenue of the overall online clothing market by increasing the availability of clothing items at convenience. In addition, online clothing rental platforms are used by people who need clothes for special occasions but do not prefer purchasing new clothing every time. From a consumer point of view, these clothing rental service providers are offer value for money offerings and a wide variety of products. They provide access to these apparels without ownership, which is an upcoming trend among millennial consumers who prefer economical alternatives.
Advancements in technology has increased the penetration of internet as well as higher utilization of smartphones has led to the better communication between users and owners through online platforms.
Online clothing rental depicts robust growth in North America especially in the U.S., due to presence of major online clothing rental companies, better opportunities for start-ups in the region, and deeper market penetration. The countries in the Asia-Pacific region such as India and China gain market penetration, due to increase in market knowledge and rise in popularity of online clothing rental start-ups. The market is segmented based on demography, type of clothes, and geography. Based on end-users, it is categorized into women, men, and kids. On the basis of clothing styles, it is classified into ethnic, western, and others. Geographically, it is analyzed into North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS
This study provides an in-depth analysis of the global online clothing rental market, in terms of value to elucidate the imminent investment pockets.
A detailed impact analysis of the current trends, regional online clothing rental market size, and future estimations has been provided to target the profitable sectors.
The drivers, restraints, and opportunities are analyzed to identify the prevailing market opportunities.
Porter’s five forces analysis highlights the potency of suppliers and buyers in the competitive market to facilitate efficient business planning.
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MARKET PLAYERS IN THE VALUE CHAIN
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)
Share Wardrobe (India)
Other players in the value chain include (profiles not included in the report)
Chic by Choice (UK)
Girls Meet Dress (UK)
Dress Hire (UK)
Swapdom (U.S.)
Style Lend (U.S.)
Rentez-Vous
Lulu Yasmin
Online Clothing Rental Market Key Segments
The market is segmented on the basis of demography, types of clothes, and geography.
BY END-USERS
Women
Men
Kids
BY CLOTHING STYLES
Ethnic
Western
Others
BY GEOGRAPHY
North America
Europe
Asia-Pacific
LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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