Online Clothing Rental Is Fastest Growing Segment Fueling Growth Of Online Clothing Rental Market

The global online clothing rental market size is expected to reach USD 2.09 billion by 2025 and is anticipated to register a CAGR of 9.4% during the forecasted period, according to a new report by Radiant Insights, Inc. Changing fashion trends and rising penetration of internet are among the key factors driving the growth.

Women segment leads the market and is expected to expand at a CAGR of more than 9.8% over the forecast period.

Apart from women, the kids segment is also anticipated to witness significant growth in the upcoming years.

Rising preference for renting children's clothes, is expected to positively impact the overall growth.

Download Free Sample Report @ https://www.radiantinsights.com/research/online-clothing-rental-market/request-sample Renting traditional clothes is found to be the fastest growing segment on the basis of dress code.

Further key finding from the report suggests: • In terms of revenue, thewomen segment is projected to ascend at a CAGR of 9.8% over the forecast years • Traditional renting is expected to expand at a CAGR of more than 11.2% during the forecast period • North America leads with market share of more than 40% and is projected to expand at a significant CAGR in near future • Some of the key players operating in the online clothing rental market are The Clothing Rental, Flyrobe.com, Rent the Runway, Secoo Holding Limited, Share Wardrobe, Le Tote, Swapdom, Gwynnie Bee, Dress Hire, and StyleLend.

The Global Online Clothing Rental Market size is estimated to be USD 1.22 billion in 2019 and is predicted to reach USD 3.55 billion by 2030 with a CAGR of 10.2% from 2020-2030.Online Clothing Rental is a service by which individual can rent clothing items for the predefined period of time.

These services are mostly helpful during wedding functions, theme parties, photo shoots and others.

Online rental clothing is the cost effective solution to get the required dress in the budget.Access Full Description of this report at:-https://www.nextmsc.com/report/online-clothing-rental-market Top Companies: Poshmark, Dress & Go, Etashee, Envoged, Rent the Runway, Secoo Holdings Ltd, GlamCorner Pvt Ltd., Elanic Services Pvt Ltd. and others.The fast changing trends in the fashion industry and constant increase in the internet penetration coupled with cost effectives associated with the renting clothes and be in the fast changing fashion trends are expected to drive the growth of online clothing rental market.The global online clothing rental market share is analyzed on the basis of product type, demography, and geography.

Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.Request sample copy of this report at:-https://www.nextmsc.com/Online-Clothing-Rental-Market/request-sample North America represents the increased adoption of online clothing rental market and expected to contribute the major market share over the forecast period.

The increase in theme parties and events which require specific dress such as Halloween and others which require clothes for limited time are expected to support the growth of online rental clothing market.

Asia Pacific is expected to develop rapidly over the forecast period due to the presence of developing economies which was further added by the increase in promotional activities and increase in government initiatives to promote entrepreneurship are expected to fuel the growth of online rental clothing market.About Next Move Strategy Consulting:Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share.

The global Corporate Clothing Market report offers a complete overview of the industry with details on the company shares, emerging trends, forecast data, in-depth analysis and an outlook of the market on a global platform.

The report also focuses on market drivers, restraints, and key manufacturers.

The report offers segmentation of the market and regional analysis for the forecasted period from 2020 to 2025.

Additionally, this report also discusses the market growth, opportunities, challenges and the risks faced by key manufacturers and the market as a whole.The global corporate clothing market report presents a complete research-based study of the industry including details such as company shares, forecast data, in-depth analysis and an outlook of the market on a worldwide platform.

For a thorough understanding, the report also offers market segmentation and regional analysis for the forecast period from 2020 to 2025.According to this study, over the next five years, the Corporate Clothing market will register a 4.2% CAGR in terms of revenue, the global market size will reach US$ 66600 million by 2025, from US$ 54200 million in 2019.

Often those employed within trade industries elect to be outfitted in Uniforms & Workwear because it is built to provide durability and safety.At present, the production of corporate clothing is distributed evenly in China, Southeast Asia, South Asia, Southern Europe, Central America, and Turkey.

The clothing, footwear, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak worldwide.

The expected decline in the global sales of clothing, footwear, & accessories is attributable to massive supply chain disruptions across significant export markets, including China and India.

However, the industry is likely to recover over the forecast timeframe, given the rising popularity of online/e-commerce sales.

Luxury apparel is another lucrative space for prospective manufacturers to target, given the mushrooming number of affluent and fashion-conscious consumers across the globe.The global online clothing rental market size is expected to reach USD 2.09 billion by 2025 and is anticipated to register a CAGR of 9.4% during the forecasted period, according to a new report by Grand View Research, Inc. Changing fashion trends and rising penetration of internet are among the key factors driving the growth.Women segment leads the market and is expected to expand at a CAGR of more than 9.8% over the forecast period.

The trend of not using the same clothes for a long time and creating unique personal style or fashion statement are among the prominent factors driving the grow.

Apart from women, the kids segment is also anticipated to witness significant growth in the upcoming years.

Online Clothing Rentals shops have become an appealing option for many consumers, who think it is convenient to shop online while still maintaining their budgetary limitations.

Through online stores, people can access a wide selection of clothes and accessories and compare their prices to that particular of competitors.

The impact of the web on the global online clothing rental market also can't be overlooked.End-users can learn about current styles, see photos, and participate in forum discussions.

Through this channel, online clothing rental service businesses can gain a better knowledge of what people are looking for when renting clothes online.Some can even incorporate a review system, where previous customers can leave feedback about the item details, including their experience with the rental shop.

Reviews help renters ensure that they are not wasting money on clothes which can be of low quality.

They can be hired on a monthly, weekly, or daily basis.

The global Online Clothing Rental Market is very fragmented due to the presence of a various sizable number of players which forms a competitive environment.

The report entails all-inclusive information related to the newest market updates like new ideas, market size, opportunity, growth path and trends for the forecast period of 2021-2027 to realize competitive edge across the world.

This report also highlights various important strategic mergers and acquisitions, company overview, financial details, and therefore the latest development undertaken.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the online clothing rental market include Clothing Rental, Dress & Go, FlyRobe, Glam Corner Pty Ltd, Gwynnie Bee, Le Tote, Rent The Runway Inc., StyleLend, etc.

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Online Clothing Rental Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/online-clothing-rental-market/download-sampleMarket DynamicsThe booming online retail industry is one of the main factors driving the market growth worldwide.

Additionally, a growing urban population with higher fashion consciousness is also contributing to the increasing service demand.

June 27, 2019: The global online clothing rental market size is expected to reach USD 2.09 billion by 2025 and is anticipated to register a CAGR of 9.4% during the forecasted period, according to a new report by Grand View Research, Inc. Changing fashion trends and rising penetration of internet are among the key factors driving the growth.

Women segment leads the market and is expected to expand at a CAGR of more than 9.8% over the forecast period.

Apart from women, the kids segment is also anticipated to witness significant growth in the upcoming years.Request a Free Sample Copy of Online Clothing Rental Market Report @ https://www.radiantinsights.com/research/online-clothing-rental-market/request-sampleRising preference for renting children's clothes, is expected to positively impact the overall growth.

Renting traditional clothes is found to be the fastest growing segment on the basis of dress code.

Thus, they prefer renting instead of buying impacting the overall growth.

The increasing awareness about the service, and internet penetration are among the prominent factors for the growth of the industry in the region.Further key finding from the report suggests:• In terms of revenue, thewomen segment is projected to ascend at a CAGR of 9.8% over the forecast years• Traditional renting is expected to expand at a CAGR of more than 11.2% during the forecast period• North America leads with market share of more than 40% and is projected to expand at a significant CAGR in near future• Some of the key players operating in the online clothing rental market are The Clothing Rental, Flyrobe.com, Rent the Runway, Secoo Holding Limited, Share Wardrobe, Le Tote, Swapdom, Gwynnie Bee, Dress Hire, and StyleLend.For further inquiries, about - Global Industry Analysis, Size, Growth, Trends and Forecast 2019 - 2025, click on this link – https://www.radiantinsights.com/research/online-clothing-rental-marketTable of ContentsChapter 1.