{"id":556863,"date":"2021-08-10T07:56:01","date_gmt":"2021-08-10T07:56:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=556863"},"modified":"2021-08-10T07:56:01","modified_gmt":"2021-08-10T07:56:01","slug":"online-clothing-rental-market-to-reflect-impressive-growth-rate-owing-to-changing-fashion-trend-and-rising-ecommerce-platforms-till-2025-million-insights","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/online-clothing-rental-market-to-reflect-impressive-growth-rate-owing-to-changing-fashion-trend-and-rising-ecommerce-platforms-till-2025-million-insights_556863.html","title":{"rendered":"Online Clothing Rental Market To Reflect Impressive Growth Rate Owing To Changing Fashion Trend and Rising e-Commerce Platforms Till 2025 | Million Insights"},"content":{"rendered":"
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\"Online<\/a><\/div>\n
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Million Insights – World’s Fastest Growing Market Research Database<\/div>\n<\/div>\n<\/div>\n
According to new report available with Million Insights, the global online clothing rental industry is expected to be driven by rising trend of online retailing of clothing products. Moreover, other factors such as rising e-commerce platforms, increasing internet penetration and growing online shopping is further proliferating the growth of the online clothing rental market.<\/div>\n

The global online clothing rental market<\/a><\/strong> is expected to grow with a CAGR of 9.4% over the forecast period to reach USD 2.09 billion by 2025, according to a new report released by Million Insights. Changing fashion trend coupled with increasing e-commerce platforms are primarily driving the growth.<\/p>\n

The women segment is projected to grow with the fastest growth rate of 9.8% over the forecast period. Reluctant to use the same clothes for a longer period amid changing fashion dynamics is the key driver of this segment. On the other hand, the kids’ segment is likely to exhibit significant CAGR over the forecast period. Kids tend to grow faster, which makes their existing clothes unfit. Owing to this region, parents tend to rent special clothes than buying.<\/p>\n

To download the sample PDF of “Online Clothing Rental Market Report” please click here: <\/strong>https:\/\/www.millioninsights.com\/industry-reports\/global-online-clothing-rental-market\/request-sample<\/a><\/strong><\/p>\n

\"North<\/strong><\/p>\n

Traditional clothes renting is the fastest-growing segment among different dress codes. The growing popularity of traditional attire among millennials is supplementing the growth of this segment. Such clothes are worn during festivals and marriage. Owing to their special use, price-conscious consumers tend to rent instead of buying. On the other hand, formal clothes are also experiencing a significant growth rate. Formal clothes such as blazers, suits and others are quite expensive and require frequent maintenance.<\/p>\n

North America was the largest market with over 40% of market share in 2018. The region was followed by Europe. Fashion trends among millennials are quite popular in Europe. Millennials, owing to budget constraints, prefer to rent the clothes instead of spending hefty money in purchasing. This, in turn, is fueling the demand in Europe.<\/p>\n

The Asia Pacific is likely to be the fastest-growing region largely because of increasing demand from emerging countries such as China and India. Both these nations contribute to 34% of the world’s population with a significant number of millennials among them. Further, Asia Pacific is witnessing a rapid rise in e-commerce platforms coupled with internet penetration.<\/p>\n

To browse report summary & detailed TOC, please click the link below:
https:\/\/www.millioninsights.com\/industry-reports\/global-online-clothing-rental-market<\/a><\/strong><\/p>\n

\"Global<\/strong><\/p>\n

 <\/p>\n

Further key findings from the report suggest:<\/strong><\/p>\n

• Among different end-users, women segment is expected to grow with the fastest CAGR of 9.8% during the forecast period.<\/p>\n

• Traditional renting is projected to grow with the healthy CAGR of 11.2% over the forecast years.<\/p>\n

• North America alone held the 40% of the market share in 2018 and the region is expected to continue its dominance over the forecast period.<\/p>\n

• Key player in the online clothing rental market are Secoo Holding Limited, StyleLend, Le Tote, Secoo Holding Limited, Flyrobe.com and Share Wardrobe.<\/p>\n

Million Insights has segmented the global online clothing rental market on the basis of end use, dress code, and region:<\/strong><\/p>\n

Online Clothing Rental End Use Outlook (Revenue, USD Billion, 2015 – 2025)<\/strong>
    • Men
    • Women
    • Others<\/p>\n

Online Clothing Rental Dress Code Outlook (Revenue, USD Billion, 2015 – 2025)<\/strong>
    • Formal
    • Casual
    • Traditional<\/p>\n

Online Clothing Rental Regional Outlook (Revenue, USD Billion, 2015 – 2025)<\/strong>
    • North America
        • U.S.
        • Mexico
    • Europe
        • France
        • U.K
    • Asia Pacific
        • China
        • India
    • Central & South America
        • Argentina
    • Middle East & Africa
        • UAE<\/p>\n

Browse the Latest Industry Research Reports Available with Million Insights:<\/strong><\/p>\n

• Inkjet Coders Market<\/a> <\/strong>– The global inkjet coders market size was valued USD 1.5 billion in 2018 and expected to register 5.1% growth rate during the forecasted period, from 2019 to 2025.<\/p>\n

• Thermoplastic Vulcanizates Market<\/a> <\/strong>– The global thermoplastic vulcanizates (TPV) market was prized by USD 1.5 billion in 2019. It is estimated to witness 6.5% CAGR from 2020 to 2027.<\/p>\n

About Million Insights<\/strong>
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.<\/p>\n

Media Contact<\/span>
Company Name:<\/strong> Million Insights<\/a>
Contact Person:<\/strong> Ryan Manuel
Email:<\/strong> Send Email<\/a>
Phone:<\/strong> 91-20-65300184
Address:<\/strong>Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City:<\/strong> Pune
State:<\/strong> Maharashtra
Country:<\/strong> India
Website:<\/strong> https:\/\/www.millioninsights.com\/industry-reports\/global-online-clothing-rental-market<\/a><\/p>\n

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Million Insights – World’s Fastest Growing Market Research Database According to new report available with Million Insights, the global online clothing rental industry is expected to be driven by rising trend of online retailing of clothing products. Moreover, other factors … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[434,410,417,412,416],"tags":[],"class_list":["post-556863","post","type-post","status-publish","format-standard","hentry","category-Fashion-Beauty","category-Manufacturing-Industry","category-Marketing-Sales","category-News-Current-Affairs","category-World"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/556863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=556863"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/556863\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=556863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=556863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=556863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}