Online Clothing Rental Market

Online Clothing Rental Market to Witness a Rise of US$ 1,952.4 Mn by the end of
2026
Future Market Insights delivers key insights on the global online clothing rental market in a
new report titled, “Online Clothing Rental Market: Global Industry Analysis and
Opportunity Assessment, 2016–2026”. In terms of value, the global online clothing rental
market is expected to register a CAGR of 9.8% during the forecast period owing to various
factors, which are analysed in detail in this report.
Growth of the global online clothing rental market is driven by increasing preference for
fashion and brand consciousness among people across the globe along with rising internet
penetration. Consumers are preferring online purchase of clothes due to availability of a
large variety at a discounted price. This is fuelling the demand for online rented clothes
globally. Changing consumer lifestyles and increasing demand for designer dresses, party
wear, and dinner suits is expected to intensify the growth of the global online clothing rental
market in the next 10 years. Increasing urbanisation along with rising personal disposable
income in regions such as the Asia Pacific are driving the overall growth of the global online
clothing rental market.
High profitability margins, ease of resource availability, and rising economic opportunity in
developing nations are some factors encouraging new players to venture into the global
online clothing rental market. Established players in the global online clothing rental market
are expanding their product portfolio and are focussing on product innovations and change
in target segments, which is creating robust competition in the market.
View and Download TOC of Online Clothing Rental Market @
https://www.futuremarketinsights.com/reports/online-clothing-rental-market/toc
Regional projections
The global online clothing rental market is segmented into the seven key regions of North
America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA. Markets
in North America, Western Europe, and APEJ are expected to record high growth rates in
terms of value between 2016 and 2026. Amongst all the regions, North America is estimated
to account for a comparatively higher value share in 2016. Western Europe is another major
market for online clothing rentals. The entry of online luxury fashion due to rising internet
penetration is expected to drive market growth in this region. In the APEJ region, increasing
personal disposable income is a key driver for sustained growth of the online clothing rental
market, and the APEJ market is expected to register a CAGR of 10.1% during the period
2016-2026. The online clothing rental market is expected to witness significant growth over
the forecast period in countries such as India, the ASEAN countries, Australia, and New
Zealand.
Vendor insights
This report covers detailed profiles of key players operating in the global online clothing
rental market. The report presents key strategies, key developments, product offerings, and
market performance of leading companies. Some of the top companies profiled in the global
online clothing rental market report are Rent the Runway, Poshmark, Elanic Services Pvt
Ltd., Dress & Go, GlamCorner Pvt Ltd., Envoged, Etashee, Secoo Holdings Ltd, and Secret
Worldwide.
Browse Complete Report @ https://www.futuremarketinsights.com/reports/online-clothingrental-market

“Online Clothing Rental Market: Global Industry Analysis and Opportunity Assessment, 2016–2026”.

Download Report