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Online Clothing Rental Market: Global Industry Analysis & Opportunity Assessment, 2016-2026

Online Clothing Rental Market: Global Industry Analysis & Opportunity Assessment, 2016-2026

In terms of value, the global online clothing rental market is anticipated to expand at a CAGR of 9.8% during the forecast period and is expected to be valued at US$ 1,952.4 Mn by the end of 2026.

Rising spending on fashion worldwide is expected to boost overall market growth

A rising preference for gaining access to designer clothing and ever changing fashion statements are fuelling the global online clothing rental market. With a rising emphasis on sharing rather than owning, gaining instant access to items that one covets to wear without repeating the same attire over and over again and a rising awareness about the positive environmental impacts of the sharing economy are propelling the growth of the global online clothing rental market. Rising disposable income among households especially in developing countries such as China and India has stimulated the consumer spending on fashion. This has strengthened the demand for online clothing on a rented basis. In addition, adoption of mobile devices, especially smartphones and tablets across countries such as China, India, Indonesia, Brazil, and other parts of the globe is growing at a fast pace and is expected to fuel the revenue growth of the global online clothing rental market over the forecast period.

Market segmentation

Demography

Price Range

Type

End User

Business Model

Women

Men

Kids

Premium

Mid

Low

Western Wear

Ethnic Wear

Others

B2C

B2B

Peer-to-Peer Model

Standalone Model

Hybrid Model

Men and Kids demographic segments likely to witness highest revenue share

Amongst all demographic segments in the global online clothing rental market, revenue from the men and kids segment is projected to be the highest, with a CAGR of 10.3% and 10.4% respectively over the forecast period 2016–2026. The women segment is expected to remain dominant and is projected to account for 61.0% value share over the forecast period. A continuous demand for western designer dresses from women all across the globe is expected to fuel growth of the online clothing rental market over the forecast period.

Peer-to-Peer business model segment likely to contribute to a larger revenue share of the global online clothing rental market

The peer-to-peer segment is expected to contribute comparatively higher revenues as compared with the other business model segments over the forecast period and is estimated to account for approximately 92.9% value share of the overall global market by 2016 end. The hybrid business model segment is also expected to witness favourable revenue growth in the global online clothing rental market, registering a CAGR of 10.9% over the forecast period. This segment is projected to create incremental $ opportunity of US$ 95.0 Mn between 2016 and 2026.

North America online clothing rental market slated to register highest value growth between 2016 and 2026

Markets in North America and APEJ are expected to contribute significantly to the overall revenue growth of the global online clothing rental market. Rising fashion consciousness and increased spending on fashion in these regions are factors expected to fuel the growth of the online clothing rental market during the forecast period. Amongst all the regions, North America is estimated to dominate the overall revenue share of the global online clothing rental market and is estimated to account for 42.3% market share by the end of 2016. The North America, Western Europe, and APEJ markets are estimated to collectively hold over 90% revenue share of the global online clothing rental market by 2016 end. In all three major markets, the women, men, and kids segments are expected to witness significant growth rates over the forecast period.

global online clothing rental market

Leading market players are focussing on proven business strategies to grab market share

Key companies operating in the global online clothing rental market are Rent the Runway, Poshmark, Elanic Services Pvt Ltd., Dress & Go, GlamCorner Pvt Ltd., Envoged, Etashee, Secoo Holdings Ltd, and Secret Worldwide. These companies are adopting strategies such as new product launches, acquisitions, and geographic expansions to cement their foothold in the global online clothing rental market.


1. Executive Summary
2. Assumptions & Acronyms Used
3. Research Methodology
4. Macro-economic and Forecast Factors
5. Global Online Clothing Rental Market Overview
5.1. Introduction
5.1.1. Online Clothing Rental Market Definition
5.1.2. Online Clothing Rental Market Taxonomy
6. Global Online Clothing Rental Market Dynamics
6.1. Drivers
6.2. Restraints
6.3. Opportunity
6.4. Market Trends
7. Global Online Clothing Rental Market Scenario
7.1. Global Online Clothing Rental Market Forecast, 2016–2026
7.1.1. Market Value Forecast
7.1.1.1. Y-o-Y Growth Projections
7.1.1.2. Absolute $ Opportunity
7.2. Global Online Clothing Rental Market Snapshot (2015 & 2026)
7.2.1. Market Overview By Demography
7.2.2. Market Overview By Price Range
7.2.3. Market Overview By Business Model
7.2.4. Market Overview By Type
7.2.5. Market Overview By End-User
8. Global Online Clothing Rental Market Analysis, By Demography
8.1. Introduction
8.1.1. Y-o-Y Growth Comparison, By Demography
8.1.2. Basis Point Share (BPS) Analysis, By Demography
8.1.3. Market Attractiveness Analysis, By Demography
8.2. Market Forecast By Demography
8.2.1. Women
8.2.1.1. Absolute $ Opportunity
8.2.1.2. Market Value Forecast
8.2.2. Men
8.2.3. Kids
8.3. Prominent Trends
9. Global Online Clothing Rental Market Analysis, By Business Model
9.1. Introduction
9.1.1. Y-o-Y Growth Comparison, By Business Model
9.1.2. Basis Point Share (BPS) Analysis, By Business Model
9.2. Market Forecast By Business Model
9.2.1. Peer to Peer Model
9.2.1.1. Absolute $ Opportunity
9.2.1.2. Market Value Forecast
9.2.2. Standalone Model
9.2.3. Hybrid Model
9.3. Market Attractiveness Analysis, By Business Model
9.4. Prominent Trends
10. Global Online Clothing Rental Market Analysis, By Price Range
10.1. Introduction
10.1.1. Y-o-Y Growth Comparison, By Price Range
10.1.2. Basis Point Share (BPS) Analysis, By Price Range
10.2. Market Forecast By Price Range
10.2.1. Premium
10.2.1.1. Absolute $ Opportunity
10.2.1.2. Market Value Forecast
10.2.2. Mid
10.2.3. Low
10.3. Market Attractiveness Analysis, By Price Range
10.4. Prominent Trends
11. Global Online Clothing Rental Market Analysis, By End-User
11.1. Introduction
11.1.1. Y-o-Y Growth Comparison, By End-User
11.1.2. Basis Point Share (BPS) Analysis, By End-User
11.2. Market Forecast By End-User
11.2.1. B2B (Business to Business)
11.2.1.1. Absolute $ Opportunity
11.2.1.2. Market Value Forecast
11.2.2. B2C (Business to Customer)
11.3. Prominent Trends
12. Global Online Clothing Rental Market Analysis, By Type
12.1. Introduction
12.1.1. Y-o-Y Growth Comparison, By Type
12.1.2. Basis Point Share (BPS) Analysis, By Type
12.2. Market Forecast By Type
12.2.1. Western Wear
12.2.1.1. Absolute $ Opportunity
12.2.1.2. Market Value Forecast
12.2.2. Ethnic Wear
12.2.3. Others ((maternity dress, theme dress, dress for shoots, etc.)
12.3. Market Attractiveness Analysis, By Type
12.4. Prominent Trends
13. Global Online Clothing Rental Market Analysis, By Region
13.1. Introduction
13.1.1. Y-o-Y Growth Projections, By Region
13.1.2. Basis Point Share (BPS) Analysis, By Region
13.2. Market Forecast By Region
13.2.1. North America Market Value Forecast
13.2.2. Latin America Market Value Forecast
13.2.3. Asia Pacific Excl. Japan Market Value Forecast
13.2.4. Western Europe Market Value Forecast
13.2.5. Eastern Europe Market Value Forecast
13.2.6. Middle East & Africa Market Value Forecast
13.2.7. Japan Market Value Forecast
13.3. Regional Attractiveness Analysis
14. North America Market Analysis
14.1. Introduction
14.1.1. Y-o-Y Growth Projections, By Country
14.1.2. Basis Point Share (BPS) Analysis, By Country
14.1.3. Key Trends
14.2. North America Market Forecast
14.2.1. Market Value Forecast By Country
14.2.1.1. U.S. Absolute $ Opportunity
14.2.1.2. Canada Absolute $ Opportunity
14.2.2. Market Value Forecast By Industrial Demography
14.2.2.1. Men
14.2.2.2. Women
14.2.2.3. Kids
14.2.3. Market Value Forecast By Business Model
14.2.3.1. Standalone Model
14.2.3.2. Peer to Peer Model
14.2.3.3. Hybrid Model
14.2.4. Market Value Forecast By Price Range
14.2.4.1. Premium
14.2.4.2. Mid
14.2.4.3. Low
14.2.5. Market Value Forecast By End-User
14.2.5.1. B2B (Business to Business)
14.2.5.2. B2C (Business to Customer)
14.2.6. Market Value Forecast By Type
14.2.6.1. Ethnic Wear
14.2.6.2. Western Wear
14.2.6.3. Others (maternity dress, theme dress, dress for shoots, etc.)
14.2.7. Market Attractiveness Analysis
14.2.7.1. By Country
14.2.7.2. By Demography
14.2.7.3. By Business Model
14.2.7.4. By Price Range
14.2.7.5. By End-User
14.2.7.6. By Type
14.2.8. Drivers & Restraints: Impact Analysis
15. Latin America Market Analysis
15.1. Introduction
15.1.1. Y-o-Y Growth Projections, By Country
15.1.2. Basis Point Share (BPS) Analysis, By Country
15.1.3. Key Trends
15.2. Latin America Market Forecast
15.2.1. Market Value Forecast By Country
15.2.1.1. Mexico Absolute $ Opportunity
15.2.1.2. Brazil Absolute $ Opportunity
15.2.1.3. Rest of LATAM Absolute $ Opportunity
15.2.2. Market Value Forecast By Industrial Demography
15.2.2.1. Men
15.2.2.2. Women
15.2.2.3. Kids
15.2.3. Market Value Forecast By Business Model
15.2.3.1. Standalone Model
15.2.3.2. Peer to Peer Model
15.2.3.3. Hybrid Model
15.2.4. Market Value Forecast By Price Range
15.2.4.1. Premium
15.2.4.2. Mid
15.2.4.3. Low
15.2.5. Market Value Forecast By End-User
15.2.5.1. B2B (Business to Business)
15.2.5.2. B2C (Business to Customer)
15.2.6. Market Value Forecast By Type
15.2.6.1. Ethnic Wear
15.2.6.2. Western Wear
15.2.6.3. Others (maternity dress, theme dress, dress for shoots, etc.)
15.2.7. Market Attractiveness Analysis
15.2.7.1. By Demography
15.2.7.2. By Business Model
15.2.7.3. By Price Range
15.2.7.4. By End-User
15.2.7.5. By Type
15.2.7.6. By Country
15.2.8. Drivers & Restraints: Impact Analysis

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