Online Clothing Rental Market

1. Online Clothing Rental Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2030 Constant change in the fashion trends, surge in the entertainment industry and growth in internet penetration & e-commerce are key drivers for Global Online Clothing Rental Market. Online Clothing Rental Market is valued around USD 1.22 Billion in 2019 and expected to reach USD 3.55 Billion by 2030 with the CAGR of 10.2% over the forecast period. Online clothing rental is a service which allows an individual to rent the clothing items for the specific period of time. Owing to the limited availably of financial resources with cost effectiveness is the major supporting factors. These services prove to be helpful during the events & functions and provide latest trending clothing items which easily fits in the budget. Global Online Clothing Rental Market report is segmented on the basis of product type, demography and by regional. Based upon product type, the online clothing rental market is fragmented into westerns wear, ethnic wear, and others. Based on demography, the market is fragmented into men, women, and kids. The regional bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW which are further segmented into major countries such as U.S., UK, France, and others. The online clothing rentals market is mainly driven by the continuous changes in the fashion industry with limited availability of budget. There is a steady growth in the technological advancement which in turn boosts the e-commerce as well as online services to promote the growth of online clothing rental market. In addition, there has been surge in the experimenting with clothing ideas from different fashion brands. Moreover, development of entertainment industry also plays an important role in the online clothing rental market which enhances the market growth. However, lack of customization option, limited availability of sizes and lack of social acceptance may restrict the market growth. Download sample copy of this report at https://www.nextmsc.com/Online-Clothing- Rental-Market/request-sample The developed regions such as North America and Europe are expected to hold the major market share owing to the well-established network and internet service with surge in the e-commerce services in the region with advanced technology. Moreover, Asia Pacific is expected to dominate the online clothing rental market in terms of growth rate owing to the rising consumer awareness about fashion trends, budget constraints and growth in the function & events. Moreover, availability of wide clothing range and brands from the designers has also expected to augment the market growth.

2. The major market players profiled in the online clothing rental market includes Poshmark, Dress & Go, Etashee, Envoged, Rent the Runway, Secoo Holdings Ltd, GlamCorner Pvt Ltd., Elanic Services Pvt Ltd., and Secret Worldwide among others. About Us: 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. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics. We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses. Contact US: Joseph Lawrence (Head - Client Engagement & Servicing) Joseph@nextmsc.com