DUBLIN--(BUSINESS WIRE)--The "Online Clothing Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global online clothing rental market reached a value of US$ 1.26 Billion in 2019. Looking forward, the market is expected to reach a value of US$ 2.08 Billion by 2025, exhibiting a CAGR of 8.7% during 2020-2025.
The thriving online retail industry is one of the key factors driving the growth of the market across the globe. Furthermore, rising urban population with higher fashion consciousness is also contributing to the increasing service demand. There is an emerging trend of wearing designer apparel without actually owning them, especially among millennials, to keep up with the ever-changing fashion trends. Additionally, increasing awareness regarding sustainable clothing and positive environmental effects of sharing and reusing apparels is another factor favoring the market growth.
Sustainability approaches, such as reusing pre-owned apparel, utilizing minimal plastic packaging, efficiently using recyclable, renewable and production resources such as, power, water and other materials are increasingly being preferred, which in turn, is contributing to the market growth. Moreover, with an increasing emphasis on sharing instead of owning, online clothing rental services enable the brand- and price-conscious consumers to try a wide variety of outfits without purchasing them.
Other factors, including increasing adoption of subscription-based models, rising internet penetration rates and inflating disposable income levels, are projected to drive the market further.
The competitive landscape of the industry has also been examined with some of the key players. being Clothing Rental, Dress & Go, Rent it Bae, Glam Corner Pty Ltd, Gwynnie Bee, Le Tote, Rent The Runway Inc., StyleLend, etc.
Key Questions Answered
- How has the global online clothing rental market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What is the breakup of the market based on the clothing styles?
- What is the breakup of the market based on the end user?
- What is the breakup of the market based on the price range?
- What is the breakup of the market based on the end use sector?
- What is the breakup of the market based on the business model?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global online clothing rental market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Online Clothing Rental Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Forecast
6 Market Breakup by Clothing Styles
6.1 Western Wear
6.2 Ethnic Wear
7 Market Breakup by End-user
8 Market Breakup by Price Range
9 Market Breakup by End-use Sector
9.1 Business to Consumer (B2C)
9.2 Business to Business (B2B)
10 Market Breakup by Business Model
10.1 Peer-to-Peer Model
10.2 Standalone Model
10.3 Hybrid Model
11 Market Breakup by Region
11.1 North America
11.4 Latin America
11.5 Middle East & Africa
12 SWOT Analysis
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Indicators
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Clothing Rental
16.3.2 Dress & Go
16.3.3 Rent it Bae
16.3.4 Glam Corner Pty. Ltd.
16.3.5 Gwynnie Bee
16.3.6 Le Tote
16.3.7 Rent the Runway Inc.
For more information about this report visit https://www.researchandmarkets.com/r/2ospj7