Global Online Clothing Rental Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Dress Code;

Formal, Casual, and Traditional.

By Business Model;

Standalone Model and Subscription Model.

By End-User;

Business to Consumer (B2C) and Business to Business (B2B).

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn586696253 Published Date: February, 2024 Updated Date: March, 2024

Introduction

Global Online Clothing Rental Market (USD Million), 2020 - 2030

In the year 2023, the Global Online Clothing Rental Market was valued at USD 1,762.14 million. The size of this market is expected to increase to USD 3,433.91 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 10.0%.

The Online Clothing Rental Market is poised for substantial growth, with projections indicating a significant increase by 2033. This surge is driven by several factors, including the expanding audience for online clothing rental services and the diversification of rental options. Historically associated with theme parties and formal events, clothing rental has now transitioned into the digital realm, offering a broader selection of fashion choices through eCommerce platforms. The rise of recurring clothing subscriptions and peer-to-peer sharing models has supplemented traditional one-time rentals, catering to evolving consumer preferences and behaviors. A key driver of the online clothing rental market is the growing emphasis on sustainability among Millennials and Generation Z consumers. With environmental consciousness influencing purchasing decisions, a significant portion of consumers are willing to pay a premium for sustainable products and brands aligned with their values. Studies conducted by companies like Rent the Runway have demonstrated the environmental benefits of clothing rental, including reductions in water and energy consumption as well as CO2 emissions. As digital touchpoints become increasingly integral to the shopping journey, online clothing rental brands are leveraging attractive product catalogs, real-time inventory updates, streamlined booking processes, and convenient delivery and return options to enhance consumer experiences and drive adoption of rental services as a viable alternative to traditional retail.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Dress Code
    2. Market Snapshot, By Business Model

    3. Market Snapshot, By End-User

    4. Market Snapshot, By Region
  4. Global Online Clothing Rental Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Sustainability Trends
        2. Cost-Effective Alternatives
        3. Changing Consumer Behavior
        4. Convenience and Flexibility
        5. Collaborations and Partnerships
      2. Restraints
        1. Limited Size and Fit Options
        2. Quality and Condition Concerns
        3. Cultural and Social Norms
        4. Logistics and Operational Challenges
        5. Regulatory Compliance
      3. Opportunities
        1. Customization and Personalization
        2. Product Diversification
        3. Corporate Partnerships and B2B Opportunities
        4. Enhanced Customer Experience
        5. Embracing Circular Economy Initiatives
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Online Clothing Rental Market, By Dress Code, 2022 - 2032 (USD Million)
      1. Formal
      2. Casual
      3. Traditional
    2. Global Online Clothing Rental Market, By Business Model, 2022 - 2032 (USD Million)

      1. Standalone Model

      2. Subscription Model

    3. Global Online Clothing Rental Market, By End-User, 2022 - 2032 (USD Million)
      1. Business to Consumer (B2C)
      2. Business to Business (B2B)
    4. Global Online Clothing Rental Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. The Clothing Rental
      2. Rent the Runway
      3. Gwynnie Bee
      4. Rent It Bae
      5. StyleLend
      6. flyrobe.com
      7. Dress & Go
      8. GlamCorner Pty Ltd
      9. Powerlook
      10. Urban Outfitters, Inc. (Nuuly)
  7. Analyst Views
  8. Future Outlook of the Market

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