The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global online clothing rental market was valued at US$ 1.9 Billion in 2021.
We expect the global online clothing rental market to exhibit a CAGR of 9.75% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic has led to the rising adoption of subscription-based models by numerous clothing rental companies, owing to the changing consumer inclination towards online retail platforms for renting the clothes.
The growing fashion consciousness, the increasing demand for high-end designer clothing to keep up with the changing fashion trends, and the rising adoption of smartphones with improved internet connectivity, are primarily driving the global online clothing rental market.
Based on the clothing styles, the global online clothing rental market can be segmented into western wear, ethnic wear, and others. Currently, ethnic wear holds the majority of the total market share.
Based on the end user, the global online clothing rental market has been divided into women, men, and kids. Among these, women currently exhibit a clear dominance in the market.
Based on the price range, the global online clothing rental market can be categorized into low, mid, and premium. Currently, low price range accounts for the majority of the global market share.
Based on the end use sector, the global online clothing rental market has been segregated into Business to Consumer (B2C) and Business to Business (B2B), where Business to Consumer (B2C) currently holds the largest market share.
Based on the business model, the global online clothing rental market can be bifurcated into peer-to-peer model, standalone model, and hybrid model. Currently, standalone model exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global online clothing rental market include Clothing Rental, Dress & Go, Rent it Bae, Glam Corner Pty Ltd, Gwynnie Bee, Le Tote, Rent The Runway Inc., StyleLend, etc.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at