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Online Clothing Rental Market

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Online Clothing Rental Market, report categorizes global market by Clothing Style (Ethnic Wear, Western Wear, and Others), By End User (Men, Women, and Kids). Report includes, Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2018-
Online Clothing Rental Market- Global Industry
Insight, Trends, Outlook, and Opportunity
Analysis 2017-2025
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REPORT DESCRIPTION
Online Clothing Rental Market Outlook:
North America dominated the online clothing rental market in 2017, followed by Europe and both are expected to
retain market dominance over the forecast period. The U.S, Canada, Germany, France, and Italy are the major
economies contributing to the growth of online clothing rental market. Traditions such as celebration of
Halloween and parties, and events that require a specific outfit for one time usage are some of the key factors
driving the demand for online clothing rental in these economies. Companies operating in this industry are
engaged in extensive marketing and promotional activities to attain an edge over its competitors. For instance, in
October 2017, Rent the Runway announced a low price membership called RTR Update, where the buyers get to
rent four pieces of clothing from the company for a month. At the end of every month, subscribers can select four
new items after returning their older clothes. The subscription costs around US$ 89 for a month and includes
services such as shipping, dry cleaning, and insurance.
Asia Pacific is the fastest growing market region for online clothing rental and is expected to exhibit the same trend during
the forecast period. India, China, and Japan are the major economies of this region fueling growth of the online clothing
rental market.
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REPORT DESCRIPTION
Based on source type, organic baby food is expected to record fastest growth, witnessing highest CAGR during
the forecast period. This is majorly due to the increasing demand among parents to offer adequate and best
nutrition for the babies. The organic baby food is gaining popularity worldwide, as parents are becoming more
concerned about the harmful chemicals present in the inorganic baby foods, in the form of artificial colors,
sweeteners, flavors, pesticides and fertilizers.
Based on distribution channel, the market is segmented into hypermarkets, supermarkets, drugstores, online
channel, specialty stores and others. Supermarket, contributed the largest share in the global baby food market
in 2016. However, the online channel is supposed to grow rapidly during the forecast period, owing to the
technological advancements and increasing internet penetration in emerging economies.
In 2016, Asia Pacific dominated the baby food market in terms of revenue and accounted for a share of
37.66%, with China, India, New Zealand, Japan, Australia and Indonesia being the major contributor for baby
food market growth in Asia Pacific.
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REPORT DESCRIPTION
On the basis of clothing style, the online clothing rental market is segmented into:
•
Ethnic Wear
•
Western Wear
•
Others
On the basis of end user, the online clothing rental market is segmented into:
•
Men
•
Women
•
Kids
Western wear clothing style segment accounted for the major market share in the online clothing rental market in
2016 and is expected to retain market dominance over the forecast period. Popularity of western wear apparels is
observed to be high among the consumers. Furthermore, consumer acceptance of online clothing rental services
is higher in the Western economies, which is another key factor increasing the demand for western wear clothing.
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