Online Clothing Rental Market Analysis 2020 | COVID-19 Impact Research Report With Top Growing Companies- Rent the Runway, Le Tote, Dress & Go, Glam Corner, Drexcode, Flyrobe, La Reina, Style Lend

Global Online Clothing Rental Market This research report provides COVID-19 Outbreak study accumulated to offer Latest insights about acute features of the Online Clothing Rental Market. The report contains different market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis. It presents the 360-degree overview of the competitive landscape of the industries. Online Clothing Rental Market is showing steady growth and CAGR is expected to improve during the forecast period.

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Companies covered
• Rent the Runway
• Le Tote
• Dress & Go
• Glam Corner
• Drexcode
• Flyrobe
• La Reina
• Style Lend

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.

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.
Regional insights

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Online Clothing Rental Market: Regional Analysis Includes:

  • Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
  • Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
  • North America (the United States, Mexico, and Canada.)
  • South America (Brazil etc.)
  • The Middle East and Africa (GCC Countries and Egypt.)

Major Points Covered in TOC:

  • Overview: Along with a broad overview of the global Online Clothing Rental Market, this section gives an overview of the report to give an idea about the nature and contents of the research study.
  • Analysis on Strategies of Leading Players: Market players can use this analysis to gain competitive advantage over their competitors in the Online Clothing Rental Market.
  • Study on Key Market Trends: This section of the report offers deeper analysis of latest and future trends of the market.
  • Market Forecasts: Buyers of the report will have access to accurate and validated estimates of the total market size in terms of value and volume. The report also provides consumption, production, sales, and other forecasts for the Online Clothing Rental Market.
  • Regional Growth Analysis: All major regions and countries have been covered Online Clothing Rental Market report. The regional analysis will help market players to tap into unexplored regional markets, prepare specific strategies for target regions, and compare the growth of all regional markets.
  • Segment Analysis: The report provides accurate and reliable forecasts of the market share of important segments of the Online Clothing Rental Market. Market participants can use this analysis to make strategic investments in key growth pockets of the Online Clothing Rental Market.

Key Questions Answered in the Report Include:

  • What will the market size and the growth rate be in 2025?
  • What are the key factors driving the global Online Clothing Rental Market?
  • What are the key market trends impacting the growth of the global Online Clothing Rental Market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global Online Clothing Rental Market?
  • What are the market opportunities and threats faced by the vendors in the global Online Clothing Rental Market?
  • Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
  • What are the key outcomes of the five forces analysis of the global Online Clothing Rental Market?

The Content of the Study Subjects, Includes a Total of 15 Chapters:

  • Chapter 1, to describe Online Clothing Rental product scope, market overview, market opportunities, market driving force and market risks.
  • Chapter 2, to profile the top manufacturers of Online Clothing Rental, with price, sales, revenue and global market share of Online Clothing Rental in 2020 and 2024.
  • Chapter 3, the Online Clothing Rental competitive situation, sales, revenue and global market share of top manufacturers are analysed emphatically by landscape contrast.
  • Chapter 4, the Online Clothing Rental breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2020 to 2024.
  • Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2020 to 2024.
  • Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2020 to 2024.
  • Chapter 12, Online Clothing Rental market forecast, by regions, type and application, with sales and revenue, from 2020 to 2024.
  • Chapter 13, 14 and 15, to describe Online Clothing Rental sales channel, distributors, customers, research findings and conclusion, appendix and data source.

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