Global Online Clothing Rental Market (2018-2023) is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Online Clothing Rental Market. Some of the key players profiled in the study are Rent the Runway, Le Tote, Dress & Go, Glam Corner, Drexcode, Flyrobe, La Reina, Style Lend.
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The online clothing rental market provides services through which consumers can rent garments for a predefined period of time. These services are beneficial for individuals who intend to wear new outfits for special occasions, such as weddings, theme parties, corporate parties, photoshoots, and film shoots. Rental services also provide a cost-effective option for those with budget constraints, which restricts them from purchasing clothing from their choice of brands. The global online clothing rental market is anticipated to expand at a compound annual growth rate (CAGR) of 10.76% during the 2018-2023 period, and will reach a value of USD 1.96 Bn by 2023, up from USD 1.18 Bn in 2018.
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North America was the leading region in the global online clothing rental market in 2018 owing to the presence of major players and aggressive marketing strategies. It is followed by the Asia-Pacific region because of rising disposable income and fashion consciousness among people in the developing countries of the region. Europe is expected to witness a moderate growth rate, since people in Europe still prefer to purchase clothes over renting them online. The Latin America and the Middle East and Africa markets are still at nascent stages, and are expected to expand at low to moderate growth rates. Increasing Internet penetration and the growing adoption of smartphones are responsible for driving the demand for the online clothing rental market in these regions.
Segmentation based on end user
Based on end user, the women’s segment is expected to gain maximum share in terms of value. Women are relatively more fashion conscious and are quick decision makers, because of which they are likely to rent clothes online more often than men. The men’s segment is expected to expand at a CAGR of 10.57% during the 2018-2023 period. It accounted for a market share of nearly 46% in 2018. Also, men find it time consuming to plan their attire in advance, as in the case of subscription-based facilities.
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Key Answers Captured in Study are
Which geography would have better demand for product/services?
What strategies of big players help them acquire share in regional market?
Countries that may see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
How feasible is market for long term investment?
What opportunity the country would offer for existing and new players in the Online Clothing Rental market?
Risk side analysis involved with suppliers in specific geography?
What influencing factors driving the demand of Online Clothing Rental near future?
What is the impact analysis of various factors in the Global Online Clothing Rental market growth?
What are the recent trends in the regional market and how successful they are?
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Some extract from Table of Contents
• Overview of Global Online Clothing Rental Market
• Online Clothing Rental Size (Sales Volume) Comparison by Type (2019-2025)
• Online Clothing Rental Size (Consumption) and Market Share Comparison by Application (2019-2025)
• Online Clothing Rental Size (Value) Comparison by Region (2019-2025)
• Online Clothing Rental Sales, Revenue and Growth Rate (2019-2025)
• Online Clothing Rental Competitive Situation and Trends
• Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type
• Analyze competitors, including all important parameters of Online Clothing Rental
• Global Online Clothing Rental Manufacturing Cost Analysis
• Marketing Strategy Analysis, Research Conclusions
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