The Online Clothing Rental Market is Predict to reach $2 Billion by 2030, at a CAGR of 8.4%

Online Clothing Rental Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Online Clothing Rental Market size is expected to reach $2 billion by 2030, rising at a market growth of 8.4% CAGR during the forecast period.

The Women segment is leading the Global Online Clothing Rental Market by End-User in 2022, thereby, achieving a market value of $1.1 billion by 2030. Online clothing rental services cater to the demand for special occasion dressing, where women often seek unique and stylish outfits without the commitment of ownership. Whether for weddings, parties, or other events, women appreciate renting high-end, on-trend clothing that they may not wear frequently but still want to look and feel special. This convenience is advantageous for those needing more time for traditional in-store shopping.

The Casual segment is registering a CAGR of 8.6% during (2023 - 2030). Casualwear forms the backbone of everyday fashion, and many individuals seek variety and rotation in their day-to-day wardrobes. The platforms offer a solution by continuously rotating casual outfits through subscription-based models. This allows users to enjoy a diverse selection of casualwear without the need for constant purchasing, catering to those who value a dynamic and ever-changing wardrobe. Casual clothing is versatile and suitable for various occasions, from weekend outings to casual workplace settings.

The North America region dominated the Global Online Clothing Rental Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $717.1 million by 2030. The Europe region is experiencing a CAGR of 8% during (2023 - 2030). Additionally, The Asia Pacific region is registering a CAGR of 9.1% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/online-clothing-rental-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of The Clothing Rental, Rent the Runway, Inc., Flyrobe (Aark World Pvt Ltd.), Gwynnie Bee (CaaStle Inc.), Le Tote, Inc., By Rotation Ltd., Urban Outfitters, Inc., Dress Hire AU, Glam Corner Pty Ltd, The Secret Wardrobe

Global Online Clothing Rental Market Segmentation

By End-User

• Women
• Men
• Children

By Dress Code

• Formal
• Casual
• Traditional

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• The Clothing Rental
• Rent The Runway, Inc.
• Flyrobe (Aark World Pvt Ltd.)
• Gwynnie Bee (CaaStle Inc.)
• Le Tote, Inc.
• By Rotation Ltd.
• Urban Outfitters, Inc.
• Dress Hire AU
• Glam Corner Pty Ltd
• The Secret Wardrobe

Related Reports:

North America Online Clothing Rental Market Size, Share 2030

• November-2023
• 82 Pages

LAMEA Online Clothing Rental Market Size & Forecast by 2030

• November-2023
• 89 Pages

Europe Online Clothing Rental Market Size & Forecast, 2030

• November-2023
• 88 Pages

Asia Pacific Online Clothing Rental Market Size, Share, 2030

• November-2023
• 89 Pages