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Online Clothing Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

February 2023 | 142 pages | ID: O6F043C5C7D2EN
IMARC Group

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The global online clothing rental market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.5 Billion by 2028, exhibiting a growth rate (CAGR) of 9.65% during 2023-2028.

Online clothing rental can be described as a collection of services that enable consumers to rent garments for a predefined period. These portals offer designer apparel, footwear and accessories in a wide range of sizes, colours and brands. These services are commonly utilized by budget-conscious individuals who prefer to wear premium branded products at affordable prices for occasional events, such as weddings, theme parties, photoshoots and filmmaking.

The thriving online retail industry is one of the key factors driving the growth of the market across the globe. Furthermore, rising urban population with higher fashion consciousness is also contributing to the increasing service demand. There is an emerging trend of wearing designer apparel without actually owning them, especially among millennials, to keep up with the ever-changing fashion trends. Additionally, increasing awareness regarding sustainable clothing and positive environmental effects of sharing and reusing apparels is another factor favoring the market growth. Sustainability approaches, such as reusing pre-owned apparel, utilizing minimal plastic packaging, efficiently using recyclable, renewable and production resources such as, power, water and other materials are increasingly being preferred, which in turn, is contributing to the market growth. Moreover, with an increasing emphasis on sharing instead of owning, online clothing rental services enable the brand- and price-conscious consumers to try a wide variety of outfits without purchasing them. Other factors, including increasing adoption of subscription-based models, rising internet penetration rates and inflating disposable income levels, are projected to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global online clothing rental market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on clothing styles, end user, price range, end use sector and business model.

Breakup by Clothing Styles:

Western Wear
Ethnic Wear
Others

Breakup by End User:

Women
Men
Kids

Breakup by Price Range:

Low
Mid
Premium

Breakup by End Use Sector:

Business to Consumer (B2C)
Business to Business (B2B)

Breakup by Business Model:

Peer-to-Peer Model
Standalone Model
Hybrid Model

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players. being Clothing Rental, Dress & Go, Rent it Bae, Glam Corner Pty Ltd, Gwynnie Bee, Le Tote, Rent The Runway Inc. and StyleLend, etc.

Key Questions Answered in This Report

1. What was the size of the global online clothing rental market in 2022?
2. What is the expected growth rate of the global online clothing rental market during 2023-2028?
3. What has been the impact of COVID-19 on the global online clothing rental market?
4. What are the key factors driving the global online clothing rental market?
5. What is the breakup of the global online clothing rental market based on the clothing styles?
6. What is the breakup of the global online clothing rental market based on the end user?
7. What is the breakup of the global online clothing rental market based on the price range?
8. What is the breakup of the global online clothing rental market based on the end use sector?
9. What is the breakup of the global online clothing rental market based on the business model?
10. What are the key regions in the global online clothing rental market?
11. Who are the key players/companies in the global online clothing rental market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL ONLINE CLOTHING RENTAL MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY CLOTHING STYLES

6.1 Western Wear
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Ethnic Wear
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Others
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY END USER

7.1 Women
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Men
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Kids
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY PRICE RANGE

8.1 Low
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Mid
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Premium
  8.3.1 Market Trends
  8.3.2 Market Forecast

9 MARKET BREAKUP BY END USE SECTOR

9.1 Business to Consumer (B2C)
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Business to Business (B2B)
  9.2.1 Market Trends
  9.2.2 Market Forecast

10 MARKET BREAKUP BY BUSINESS MODEL

10.1 Peer-to-Peer Model
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Standalone Model
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 Hybrid Model
  10.3.1 Market Trends
  10.3.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 United States
    11.1.1.1 Market Trends
    11.1.1.2 Market Forecast
  11.1.2 Canada
    11.1.2.1 Market Trends
    11.1.2.2 Market Forecast
11.2 Asia Pacific
  11.2.1 China
    11.2.1.1 Market Trends
    11.2.1.2 Market Forecast
  11.2.2 Japan
    11.2.2.1 Market Trends
    11.2.2.2 Market Forecast
  11.2.3 India
    11.2.3.1 Market Trends
    11.2.3.2 Market Forecast
  11.2.4 South Korea
    11.2.4.1 Market Trends
    11.2.4.2 Market Forecast
  11.2.5 Australia
    11.2.5.1 Market Trends
    11.2.5.2 Market Forecast
  11.2.6 Indonesia
    11.2.6.1 Market Trends
    11.2.6.2 Market Forecast
  11.2.7 Others
    11.2.7.1 Market Trends
    11.2.7.2 Market Forecast
11.3 Europe
  11.3.1 Germany
    11.3.1.1 Market Trends
    11.3.1.2 Market Forecast
  11.3.2 France
    11.3.2.1 Market Trends
    11.3.2.2 Market Forecast
  11.3.3 United Kingdom
    11.3.3.1 Market Trends
    11.3.3.2 Market Forecast
  11.3.4 Italy
    11.3.4.1 Market Trends
    11.3.4.2 Market Forecast
  11.3.5 Spain
    11.3.5.1 Market Trends
    11.3.5.2 Market Forecast
  11.3.6 Russia
    11.3.6.1 Market Trends
    11.3.6.2 Market Forecast
  11.3.7 Others
    11.3.7.1 Market Trends
    11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
    11.4.1.1 Market Trends
    11.4.1.2 Market Forecast
  11.4.2 Mexico
    11.4.2.1 Market Trends
    11.4.2.2 Market Forecast
  11.4.3 Others
    11.4.3.1 Market Trends
    11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS

14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 PRICE INDICATORS

16 COMPETITIVE LANDSCAPE

16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 Clothing Rental
  16.3.2 Dress & Go
  16.3.3 Rent it Bae
  16.3.4 Glam Corner Pty Ltd
  16.3.5 Gwynnie Bee
  16.3.6 Le Tote
  16.3.7 Rent the Runway Inc.
  16.3.8 StyleLend

LIST OF TABLES

Table 1: Global: Online Clothing Rental Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Online Clothing Rental Market Forecast: Breakup by Clothing Styles (in Million US$), 2023-2028
Table 3: Global: Online Clothing Rental Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 4: Global: Online Clothing Rental Market Forecast: Breakup by Price Range (in Million US$), 2023-2028
Table 5: Global: Online Clothing Rental Market Forecast: Breakup by End Use Sector (in Million US$), 2023-2028
Table 6: Global: Online Clothing Rental Market Forecast: Breakup by Business Model (in Million US$), 2023-2028
Table 7: Global: Online Clothing Rental Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Online Clothing Rental Market: Competitive Structure
Table 9: Global: Online Clothing Rental Market: Key Players

LIST OF FIGURES

Figure 1: Global: Online Clothing Rental Market: Major Drivers and Challenges
Figure 2: Global: Online Clothing Rental Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Online Clothing Rental Market: Breakup by Clothing Styles (in %), 2022
Figure 4: Global: Online Clothing Rental Market: Breakup by End User (in %), 2022
Figure 5: Global: Online Clothing Rental Market: Breakup by Price Range (in %), 2022
Figure 6: Global: Online Clothing Rental Market: Breakup by End Use Sector (in %), 2022
Figure 7: Global: Online Clothing Rental Market: Breakup by Business Model (in %), 2022
Figure 8: Global: Online Clothing Rental Market: Breakup by Region (in %), 2022
Figure 9: Global: Online Clothing Rental Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 10: Global: Online Clothing Rental (Western Wear) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Online Clothing Rental (Western Wear) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Online Clothing Rental (Ethnic Wear) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Online Clothing Rental (Ethnic Wear) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Online Clothing Rental (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Online Clothing Rental (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Online Clothing Rental (Women) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Online Clothing Rental (Women) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Online Clothing Rental (Men) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Online Clothing Rental (Men) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Online Clothing Rental (Kids) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Online Clothing Rental (Kids) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Online Clothing Rental (Low) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Online Clothing Rental (Low) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Online Clothing Rental (Mid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Online Clothing Rental (Mid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Online Clothing Rental (Premium) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Online Clothing Rental (Premium) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Online Clothing Rental (Business to Consumer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Online Clothing Rental (Business to Consumer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Online Clothing Rental (Business to Business) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Online Clothing Rental (Business to Business) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Online Clothing Rental (Peer-to-Peer Model) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Online Clothing Rental (Peer-to-Peer Model) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Online Clothing Rental (Standalone Model) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Online Clothing Rental (Standalone Model) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Online Clothing Rental (Hybrid Model) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Online Clothing Rental (Hybrid Model) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: North America: Online Clothing Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: North America: Online Clothing Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: United States: Online Clothing Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: United States: Online Clothing Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Canada: Online Clothing Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Canada: Online Clothing Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Asia Pacific: Online Clothing Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Asia Pacific: Online Clothing Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: China: Online Clothing Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: China: Online Clothing Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Japan: Online Clothing Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Japan: Online Clothing Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: India: Online Clothing Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: India: Online Clothing Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: South Korea: Online Clothing Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: South Korea: Online Clothing Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Australia: Online Clothing Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Australia: Online Clothing Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Indonesia: Online Clothing Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Indonesia: Online Clothing Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Others: Online Clothing Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Others: Online Clothing Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Europe: Online Clothing Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Europe: Online Clothing Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Germany: Online Clothing Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Germany: Online Clothing Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: France: Online Clothing Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: France: Online Clothing Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: United Kingdom: Online Clothing Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: United Kingdom: Online Clothing Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Italy: Online Clothing Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Italy: Online Clothing Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Spain: Online Clothing Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Spain: Online Clothing Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Russia: Online Clothing Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Russia: Online Clothing Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Online Clothing Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Online Clothing Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Latin America: Online Clothing Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Latin America: Online Clothing Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Brazil: Online Clothing Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Brazil: Online Clothing Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Mexico: Online Clothing Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Mexico: Online Clothing Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Others: Online Clothing Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Others: Online Clothing Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Middle East and Africa: Online Clothing Rental Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Middle East and Africa: Online Clothing Rental Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Global: Online Clothing Rental Industry: SWOT Analysis
Figure 88: Global: Online Clothing Rental Industry: Value Chain Analysis
Figure 89: Global: Online Clothing Rental Industry: Porter’s Five Forces Analysis


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