“Online
Clothing Rental Market: Global Demand Analysis & Opportunity Outlook 2023”
The global online clothing rental
market is segmented into demography such as women, men and kids. Among these
segments, women segment is expected to occupy top position in overall online
clothing rental market during the forecast period. Increasing preference of
women to wear designer clothes and availability of cost effective options is
anticipated to impel the growth of women online clothing rental market. Moreover,
wide range of product portfolio for women is expected to intensify the growth
of the women online rental market. However, men online clothing rental segment
is expected to grow at a highest CAGR during the forecast period.
Global online clothing rental market
is expected to flourish at a significant CAGR of 10% during the forecast period.
Moreover, the global online clothing rental market is at nascent stage and is
anticipated to garner USD 1.9 Billion by the end of the 2023. Rising popularity
of e-commerce, consumer inclination for designer clothes and cheaper
alternative to purchasing are anticipated to be the dynamic factors behind the
growth of the online
clothing rental market.
Ethnic wear segment by type is
estimated to register a significant CAGR during the forecast period. Moreover,
the ethnic wear segment is expected to account for the largest share of revenue
across the globe. Ethnic wear clothes witness high demand during the festivals
and other events. Moreover, high cost associated with the direct purchasing of
ethnic clothes is anticipated to push the consumers for ethnic wear renting.
Moreover, emerging trend of “no ownership” is expected to positively impact the
growth of the online clothing rental market.
Increasing
Expenditure on Fashion and Accessories
Rising spending on clothes and
accessories is anticipated to positively impact the growth of the online
clothing rental market. Moreover, factors such as growing number of internet
subscribers, increasing smartphone penetration and increasing social acceptance
of rentals are anticipated to substantially impact the growth of the online
clothing rental market.
Rising
Preference to Access Designer Clothes
Rising number of fashion
conscious people coupled with high desire to access designer clothes is
predicted to trigger the growth of the online clothing rental market. Apart
from this, increasing number of service providers and expansion into the
untapped regions is also expected to fuel the growth of the online clothing
rental market.
However, lack of customization and
lack of awareness are some of the factors that are likely to inhibit the growth
of online clothing rental market during the forecast period.
The report titled “Online Clothing Rental Market: Global Demand Analysis & Opportunity Outlook 2023” delivers detailed overview of
the global online clothing rental market in terms of market segmentation by demography,
by price range, by type, by end user, by business model and by region.
Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints, supply
and demand risk, market attractiveness, BPS analysis and Porter’s five force
model.
This report also provides the
existing competitive scenario of some of the key players of the global online
clothing rental market which includes company profiling of Rent
the Runway, Sharewardrobe, FlyRobe, Rent A Closet, Secret Wardrobe, Swishlist
Couture LLP, Liberent, RENT IT BAE, The Mr. & Ms. Collection, LE TOTE and
Style Lend. The profiling enfolds
key information of the companies which encompasses business overview, products
and services, key financials and recent news and developments. On the whole,
the report depicts detailed overview of the Global online clothing rental market
that will help industry consultants, equipment manufacturers, existing players
searching for expansion opportunities, new players searching possibilities and
other stakeholders to align their market centric strategies according to the
ongoing and expected trends in the future.
About Research
Nester
Research
Nester is a leading service provider for strategic market research and
consulting. We aim to provide unbiased, unparalleled market insights and
industry analysis to help industries, conglomerates and executives to take wise
decisions for their future marketing strategy, expansion and investment etc. We
believe every business can expand to its new horizon, provided a right guidance
at a right time is available through strategic minds. Our out of box thinking
helps our clients to take wise decision so as to avoid future uncertainties.
Read more Information: https://www.researchnester.com/reports/online-clothing-rental-market-global-demand-analysis-opportunity-outlook-2023/212
Contact for more
Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
No comments:
Post a Comment