This Online Clothing Rental Market report covers the size, share, trends, forecast, status of import and export, supply chain management, distribution channels, price, profit, sale and others vital elements.
New York, NY -- (SBWIRE) -- 07/11/2019 -- Incorporated with Info-graphics, charts, 35 tables and 55 figures, this 117-page research report "Online Clothing Rental Market Size, Type Analysis, Application Analysis, End-Use Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2018 - 2023" is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain. The report provides historical market data for 2014-2018, base year estimates for 2018, and forecasts from 2018 to 2023.
Global Online Clothing Rental Market:
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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The major players covered in this report are:
Rent the Runway, Le Tote, Dress & Go, Glam Corner , Drexcode , Flyrobe, La Reina , Style Lend
Segmentation based on product type:
Based on product type, the parties and wedding wear segment had the highest market share (over 40%) in 2018, owing to aggressive marketing through blogs and social media. It is followed by the 'other' apparel rental segment with a market share of 36% in 2018. The growth can be attributed to the popularity of subscription packages offered by companies which encourage people to rent casual clothes online.
Changes in lifestyle of the working population has also impacted the clothing rental business. To save time on laundry, and at the same time have a range of clothes to choose from every day, are the reasons why people these days opt for online clothing rental services. Moreover, renting clothes are a cost-effective alternative to purchasing them. The formal wear segment accounted for nearly 22% of the global online clothing rental market in 2018, owing to increasing corporate events and business meetings.
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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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Online Clothing Rental industry for the forecast period 2018-2023?
- What are the major driving forces expected to impact the development of the Online Clothing Rental market across different regions?
- Who are the major driving forces expected to decide the fate of the industry worldwide?
- Who are the prominent market players making a mark in the Online Clothing Rental market with their winning strategies?
- Which industry trends are likely to shape the future of the industry during the forecast period 2018-2023?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Online Clothing Rental market?
o Understand the demand for global Online Clothing Rental to determine the viability of the market.
o Identify the developed and emerging markets where Online Clothing Rental services are offered.
o Identify the challenge areas and address them.
o Develop strategies based on the drivers, trends and highlights for each of the segments.
o Evaluate the value chain to determine the workflow and to get an idea of the current position where you are placed.
o Recognize the key competitors of this market and respond accordingly.
o Knowledge of the initiatives and growth strategies taken up by the major companies and decide on the direction for further growth.
o Define the competitive positioning by comparing the products and services with the key players in the market.
Key elements from table of content:
Chapter 5: Global online clothing rental market - based on regions
5.1. North America
5.1.a. Revenue - (2015-2023) (USD Bn)
5.1.b. Key highlights
5.2.a. Revenue - (2015-2023) (USD Bn)
5.2.b. Key highlights
5.3.a. Revenue - (2015-2023) (USD Bn)
5.3.b. Key highlights
5.4. Latin America
5.4.a. Revenue - (2015-2023) (USD Bn)
5.4.b. Key highlights
5.5. The Middle East and Africa
5.5.a. Revenue - (2015-2023) (USD Bn)
5.5.b. Key highlights
Chapter 6: Online clothing rental start-up firms
6.1. Rent the Runway
6.2. Le Tote
6.3. Dress & Go
6.4. Glam Corner
6.7. La Reina
6.8. Style Lend
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