Online Clothing Rental Market Is Expected To Display Higher Growth Rate Due To Changing Fashion Trends And Rising Penetration Of Internet | Radiant Insights, Inc.

Online Clothing Rental Market Is Expected To Display Higher Growth Rate Due To Changing Fashion Trends And Rising Penetration Of Internet | Radiant Insights, Inc.

“” Radiant Insights, Inc” “
The report covers the present scenario and the growth prospects of the online clothing rental market 2019-2025.

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

Request a Free Sample Copy of this 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. Younger consumers prefer renting traditional clothes as these cloths are used only on rare occasions. Apart from traditional clothes, the formal segment is also witnessing a significant growth. It is hard to purchase and maintain a variety of formal clothes for the young as well as price-conscious consumers, thus, they prefer renting the clothes.

North America is the leading market for the industry and accounts for nearly 40% of the market share. Europe is the second largest market for online clothing rental. Europe is known for its fashion trends, hence, young consumers want to keep themselves updated with the latest fashion. Thus, they prefer renting instead of buying impacting the overall growth.

Asia Pacific is found to be the fastest growing region due to developing nations such as India and china which accounts for more than 34% of the global population. 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, the women 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.

Download Full Research Report of Online Clothing Rental Market @ https://www.radiantinsights.com/research/online-clothing-rental-market

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights

Chapter 3. Online Clothing Rental Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis

Read more related reports by Radiant Insights:

• Protective Workwear Market – https://www.radiantinsights.com/research/2013-2028-report-on-global-protective-workwear-market

This report provides detailed historical analysis of global market for Protective Workwear and provides extensive market forecasts by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Protective Workwear market.

• Wedding Dress Market – https://www.radiantinsights.com/research/global-wedding-dress-market-professional-survey-report-2018

This report studies Wedding Dress in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions to 2025.

 

Media Contact
Company Name: Radiant Insights, Inc.
Contact Person: Michelle Thoras, Corporate Sales Specialist – USA
Email: Send Email
Phone: (415) 349-0054, Toll Free: 1-888-928-9744
Address:201 Spear Street 1100, Suite 3036
City: San Francisco
State: CA
Country: United States
Website: www.radiantinsights.com/research/online-clothing-rental-market