Online Clothing Rental Market by End-Users (Women, Men, and Kids) and Clothing Style (Ethnic, Western, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • Report Number: 10916

Reports Overview

Online Clothing Rental Market Overview:

Online clothing rental market size is estimated to reach $1,856 million by 2023, growing at a CAGR of 10.6% from 2017 to 2023.The rental market works to address clothing needs of the consumers who cannot afford or do not want to spend money on the clothes to be worn for one or two occasions, making it more affordable. Online clothing rental portals offer a wide range of clothes, which can be characterized based on size, color, type of outfits, brands, and prices.

The global online clothing rental market is segmented based on end-users, clothing styles, and geography. Based on end-users, it is classified into women, men, and kids. For clothing styles, it is categorized into ethnic, western, and others. Geographically, it is analyzed into, North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (India, China, Japan, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). With regards to the market competition, online renting and re-commerce companies are expanding the pre-owned product market with pioneering solutions to cater to different segments.

Market Segmentation

Online Clothing Rental Market Segmentation

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Innovations in Technology and Deeper Market Penetration

North America already has an established structure for online rentals, here the influx of startup in clothing rentals started five years back. While in Asia-Pacific, increase in internet penetration in developing countries, such as India, China, and Brazil, helps the online clothing rental market post a strong growth rate. As, broadband internet increases, so will the demand for online shopping and online rental services. Additionally, increase in use of mobile technology in these countries are further expected to boost the market.

Convenient and Value for Money

The convenient way of shopping and value for money is one of the key driver for this market. Other driver of the global online clothing rental market is the increase in ease of use of online retail. There has been major shift in social acceptance of buying and renting pre-owned products. Various online rental enterprises have initiated great efforts to enhance their market reach with the help of internet and various advertising innovations for instance rebate on overall costings for booking a month prior to its use. This has been observed to be attempts to stay competitive and increase the specialized production that leads to more online rentals.

Internet usage for shopping apparels online has become commonplace norm for many people, the added benefits of convenience, easy research ability, and price comparison tools outweigh the effort required to physically visit the traditional bricks-and-mortar store. With online rental platforms, available the consumers are expected to purchase and rent any type of clothing with less economic expenditure and long term use. The impact of social network sites, such as Facebook, Instagram, and online communities have a great impact on the expansion and growth of the market as these social network sites and online communities helps to spread the knowledge about companies and startups in online clothing rental market.

Fast Changing Online Clothing Trends and Rise in Thrifty Fashion Lovers

Rapid growth and rise in urbanization have spawned consumers with more expenditure in the market and an urge for fashion. Significant new growth opportunities for foreign and domestic players are observed, owing to high-growth and fast-changing retail and online clothing market in the Asia-Pacific region.

The online clothing rental is mainly suitable for people who dont want to purchase an expensive dress for a one-time event neither can borrow every time from a friend. Designer gown & accessory rentals that were the exclusive territory of celebrities are becoming a norm common to all. Women prefer variations in new designer brands and decide about the investment. With the usage of these online rental platforms one can now easily experiment with fashion or try a new designer brands. In addition, budget conscious end-users in the millennials age group are a great target market for the online rental industry, but another ideal customer base consists of individuals going through temporary stages of rapid size change, such as pregnant women.

India online apparel shopping percentage for women

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Key Benefits

  • A comprehensive analysis of the current trends and future estimations in the market are provided.
  • The report elucidates on key drivers, restraints, and opportunities and a detailed impact analysis from 2016 to 2023.
  • Porters Five Forces model of the industry illustrates the potency of the buyers and suppliers in the market.
  • A quantitative analysis of the current scenario and the forecast period highlights the financial competency of the market.
  • The report provides a detailed analysis of the market with respect to end-users, clothing styles, and geography.

Online Clothing Rental Market Key Segments

By End Users

  • Women
  • Men
  • Kids

By Clothing Styles

  • Ethnic
  • Western
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • South Africa

Market Players in the Value Chain

  • Chic by Choice (UK)
  • Rent the Runway (U.S.)
  • Lending Luxury (U.S.)
  • Share Wardrobe (India)
  • Secoo Holdings Limited (China)
  • Gwynnie Bee (U.S.)
  • Glam Corner Pty Ltd (Australia)
  • Le Tote (U.S.)
  • Dress & Go (Brazil)
  • Secret Wardrobe (India)
  • Girls Meet Dress (UK)
  • Dress Hire (UK)
  • Swapdom (U.S.)
  • StyleLend (U.S.)
  • Rentez-Vous (UK)

Table of Content

Chapter: 1 INTRODUCTION

1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segments
1.4. Research methodology
1.5. Secondary research

1.3.1.1. Primary research
1.3.1.2. Secondary Research
1.3.1.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXPERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1 Top impacting factors
3.2.2 Top investment pockets
3.2.3 Top winning strategies

3.3. Porters five forces analysis
3.4. Market positioning, 2016
3.5. Market dynamics

3.5.1 Drivers

3.5.1.1. Improvement in technology and increased market penetration
3.5.1.2. Convenient and value for money.

3.5.2 Restraints

3.5.2.1 Less knowledge of online rental among population

3.5.3 Opportunities

3.5.1.3. Rapidly growing economies of China and India.

Chapter: 4 GLOBAL ONLINE CLOTHING RENTAL MARKET BY END-USERS

4.1. Overview

4.1.1 Market size and forecast

4.2. Women

4.2.1 Key market trends, Growth factors, and Opportunities
4.2.2 Key player positioning
4.2.3 Market size and forecast

4.3. Men

4.3.1 Key market trends, Growth factors, and Opportunities
4.3.2 Key player positioning
4.3.3 Market size and forecast

4.4. Kids

4.4.1 Key market trends, Growth factors, and Opportunities
4.4.2 Key player positioning
4.4.3 Market size and forecast

Chapter: 5 GLOBAL ONLINE CLOTHING RENTAL MARKET BY CLOTHING STYLES

5.1. Overview

5.1.1 Market size and forecast

5.2. Ethnic

5.2.1 Key market trends, Growth factors, and Opportunities
5.2.2 Market size and forecast

5.3. Western

5.3.1 Key market trends, Growth factors, and Opportunities
5.3.2 Market size and forecast

5.4. Others

5.3.1 Key market trends, Growth factors, and Opportunities
5.3.2 Market size and forecast

Chapter: 6 ONLINE CLOTHING RENTAL MARKET BY GEOGRAPHY

6.1. Overview

6.1.1 Market size and forecast

6.2. North America

6.2.1 Key market trends, Growth factors, and Opportunities
6.2.2 Market size and forecast

6.2.2.1 By End-User
6.2.2.2 By Clothing Styles
6.2.2.3 By Country

6.2.2.3.1 U.S.
6.2.2.3.2 Canada
6.2.2.3.3 Mexico

6.3. Europe

6.3.1 Key market trends, Growth factors, and Opportunities
6.3.2 Market size and forecast

6.3.2.1 By End-User
6.3.2.2 By Clothing Styles
6.3.2.3 By Country

6.3.2.3.1 UK
6.3.2.3.2 Germany
6.3.2.3.3 France
6.3.2.3.4 Rest of Europe

6.4 Asia-Pacific

6.4.1 Key market trends, Growth factors, and Opportunities
6.4.2 Market size and forecast

6.4.2.1 By End-User
6.4.2.2 By Clothing Styles
6.4.2.3 By Country

6.4.2.3.1 China
6.4.2.3.2 Australia
6.4.2.3.3 Rest of Asia-pacific

6.5 LAMEA (Latin America, Middle East, and Africa)

6.5.1 Key market trends, Growth factors, and Opportunities
6.5.2 Market size and forecast

6.5.2.1 By End-User
6.5.2.2 By Clothing Styles
6.5.2.3 By Region

6.5.2.3.1 Latin America
6.5.2.3.2 Middle East
6.5.2.3.3 Africa

Chapter: 7 COMPANY PROFILE

7.1 Chic by Choice

7.1.2 Company overview
7.1.3 Company snapshot
7.1.4 Operating business segments
7.1.5 Business performance
7.1.6 Key strategic moves and developments

7.2 Dress & Go

7.2.1 Company overview
7.2.2 Company snapshot
7.2.3 Operating business segments
7.2.4 Business performance
7.2.5 Key strategic moves and developments

7.3 Glam Corner Pty ltd

7.3.1 Company overview
7.3.2 Company snapshot
7.3.3 Operating business segments
7.3.4 Key strategic moves and developments

7.4 Gwynnie Bee

7.4.1 Company overview
7.4.2 Company snapshot
7.4.3 Operating business segments
7.4.4 Business performance
7.4.5 Key strategic moves and developments

7.5 Le Tote

7.5.1 Company overview
7.5.2 Company snapshot
7.5.3 Operating business segments
7.5.4 Business performance
7.5.5 Key strategic moves and developments

7.6 Lending Luxury

7.6.1 Company overview
7.6.2 Operating business segments
7.6.3 Business performance
7.6.4 Key strategic moves and developments

7.7 Rent the Runway

7.7.1 Company overview
7.7.2 Operating business segments
7.7.3 Key strategic moves and developments

7.8 SecoHoldings Limited

7.8.1 Company overview
7.8.2 Operating business segments
7.8.3 Key strategic moves and developments

7.9 Secret Wardrobe

7.9.1 Company overview
7.9.2 Company snapshot
7.9.2 Operating business segments
7.9.3 Business performance
7.9.4 Key strategic moves and developments

7.10 Share Wardrobe

7.10.1 Company overview
7.10.2 Operating business segments
7.10.3 Business performance
7.10.4 Key strategic moves and developments

Other players in the value chain include:

  • Girls Meet Dress (UK)
  • Dress Hire (UK)
  • Swapdom (U.S.)
  • Style Lend (U.S.)
  • Rentez-Vous (UK)

*Profiles of these players are not included. The same will be included on request

LIST OF TABLES

TABLE 1. ONLINE CLOTHING RENTAL MARKET BY END-USERS, 2016-2023 ($MILLION)
TABLE 2. WOMEN ONLINE CLOTHING RENTAL MARKET REVENUE BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 3. MEN ONLINE CLOTHING RENTAL MARKET REVENUE BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 4. KIDS ONLINE CLOTHING RENTAL MARKET REVENUE BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 5. GLOBAL ONLINE CLOTHING RENTAL MARKET BY CLOTHING STYLE, 2016-2023 ($MILLION)
TABLE 6. ONLINE CLOTHING RENTAL MARKET FOR ETHNIC CLOTHING STYLE BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 7. ONLINE CLOTHING RENTAL MARKET FOR TRADITIONAL WESTERN CLOTHING STYLE BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 8. ONLINE CLOTHING RENTAL MARKET FOR TRADITIONAL CLOTHING STYLE BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 9. ONLINE CLOTHING RENTAL MARKET BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 10. NORTH AMERICA: ONLINE CLOTHING RENTAL MARKET BY END-USERS TYPE, 2016-2023 ($MILLION)
TABLE 11. NORTH AMERICA: ONLINE CLOTHING RENTAL MARKET BY CLOTHING STYLE, 2016-2023 ($MILLION)
TABLE 12. NORTH AMERICA: ONLINE CLOTHING RENTAL MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 13. EUROPE: ONLINE CLOTHING RENTAL MARKET BY END-USERS TYPE, 2016-2023 ($MILLION)
TABLE 14. EUROPE: ONLINE CLOTHING RENTAL MARKET BY CLOTHING STYLE, 2016-2023 ($MILLION)
TABLE 15. EUROPE: ONLINE CLOTHING RENTAL MARKET BY COUNTRY, 2016-2023($MILLION)
TABLE 16. ASIA-PACIFIC: ONLINE CLOTHING RENTAL MARKET BY END-USERS TYPE, 2016-2023 ($MILLION)
TABLE 17. ASIA-PACIFIC: ONLINE CLOTHING RENTAL MARKET BY CLOTHING STYLE 2016-2023 ($MILLION)
TABLE 18. ASIA-PACIFIC: ONLINE CLOTHING RENTAL MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 19. LAMEA: ONLINE CLOTHING RENTAL MARKET BY END-USERS, 2016-2023 ($MILLION)
TABLE 20. LAMEA: ONLINE CLOTHING RENTAL MARKET BY CLOTHING STYLE 2016-2023 ($MILLION)
TABLE 21. LAMEA: ONLINE CLOTHING RENTAL MARKET BY REGION, 2016-2023 ($MILLION)
TABLE 22. CHIC BY CHOICE: COMPANY SNAPSHOT
TABLE 23. CHIC BY CHOICE: OPERATING SEGMENTS
TABLE 24. DRESS & GO: COMPANY SNAPSHOT
TABLE 25. DRESS & GO: OPERATING SEGMENTS
TABLE 26. GLAM CORNER PTY LTD : COMPANY SNAPSHOT
TABLE 27. GLAM CORNER PTY LTD : OPERATING SEGMENTS
TABLE 28. GWYNNIE BEE: COMPANY SNAPSHOT
TABLE 29. GWYNNIE BEE: OPERATING SEGMENTS
TABLE 30. LE TOTE: COMPANY SNAPSHOT
TABLE 31. LE TOTE: OPERATING SEGMENTS
TABLE 32. LENDING LUXURY: COMPANY SNAPSHOT
TABLE 33. LENDING LUXURY: OPERATING SEGMENTS
TABLE 34. RENT THE RUNWAY: COMPANY SNAPSHOT
TABLE 35. RENT THE RUNWAY: OPERATING SEGMENTS
TABLE 36. SECOHOLDINMGS LIMITED: COMPANY SNAPSHOT
TABLE 37. SECOHOLDINGS LIMITED: OPERATING SEGMENTS
TABLE 38. SECRET WARDROBE- COMPANY SNAPSHOT
TABLE 39. SECRET WARDROBE: OPERATING SEGMENTS
TABLE 40. SHARE WARDROBE: COMPANY SNAPSHOT
TABLE 41. SHARE WARDROBE: OPERATING SEGMENTS

LIST OF FIGURES

FIGURE 1. TOP IMPACTING FACTORS
FIGURE 2. TOP INVESTMENT POCKETS
FIGURE 3. TOP WINNING STRATEGIES
FIGURE 4. BARGAINING POWER OF SUPPLIERS
FIGURE 5. BARGAINING POWER OF BUYERS
FIGURE 6. THREAT OF NEW ENTRANTS
FIGURE 7. COMPETITIVE RIVALRY
FIGURE 8. THREAT OF SUBSTITUTES
FIGURE 9. MARKET POSITIONING, 2016
FIGURE 10. ONLINE CLOTHING RENTAL MARKET GROWTH IN INDIA
FIGURE 11. COMPARATIVE MARKET SHARE ANALYSIS OF ONLINE CLOTHING RENTAL MARKET BY END-USERS, 2016 & 2023(%)
FIGURE 12. MARKET SHARE ANALYSIS OF WOMEN OF ONLINE CLOTHING RENTAL, MARKET BY GEOGRAPHY, 2016 & 2023 (%)
FIGURE 13. WOMEN ONLINE CLOTHING RENTAL MARKET REVENUE, 2016-2023($MILLION)
FIGURE 14. MARKET SHARE ANALYSIS OF MEN ONLINE CLOTHING RENTAL MARKET BY GEOGRAPHY, 2016 & 2023 (%)
FIGURE 15. MEN ONLINE CLOTHING RENTAL MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 16. MARKET SHARE ANALYSIS OF KIDS ONLINE CLOTHING RENTAL MARKET BY GEOGRAPHY, 2016 & 2023 (%)
FIGURE 17. KIDS ONLINE CLOTHING RENTAL MARKET REVENUE, 2016-2023($MILLION)
FIGURE 18. COMPARATIVE MARKET SHARE ANALYSIS OF ONLINE CLOTHING RENTAL MARKET BY TYPES OF CLOTHES, 2013 & 2023 (%)
FIGURE 19. MARKET SHARE ANALYSIS OF ONLINE CLOTHING RENTAL MARKET FOR ETHINIC CLOTHING STYLES BY GEOGRAPHY, 2016 & 2023 (%)
FIGURE 20. ONLINE CLOTHING RENTAL MAKRET REVENUE FOR EHTNIC CLOTHING STYLES, 2016-2023 ($ MILLION)
FIGURE 21. MARKET SHARE ANALYSIS OF ONLINE CLOTHING RENTAL MARKET FOR WESTERN CLOTHING STYLES BY GEOGRAPHY, 2016 & 2026 (%)
FIGURE 22. ONLINE CLOTHING RENTAL MARKET REVENUE FOR WESTERN CLOTHING STYLES, 2016-2023 ($ MILLION)
FIGURE 23. MARKET SHARE ANALYSIS OF ONLINE CLOTHING RENTAL MARKET FOR OTHERS CLOTHING STYLES BY GEOGRAPHY, 2016 & 2023 (%)
FIGURE 24. ONLINE CLOTHING RENTAL MARKET REVENUE FOR OTHER CLOTHING STYLES, 2016-2023($ MILLION)
FIGURE 25. COMPARATIVE MARKET SHARE ANALYSIS OF ONLINE CLOTHING RENTAL MARKET BY GEOGRAPHY, 2016 & 2023 (%)
FIGURE 26. NORTH AMERICA ONLINE CLOTHING RENTAL MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 27. U.S.: ONLINE CLOTHING RENTAL MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 28. CANADA: ONLINE CLOTHING RENTAL MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 29. MEXICO: ONLINE CLOTHING RENTAL MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 30. EUROPE ONLINE CLOTHING RENTALMARKET REVENUE, 2016-2023($MILLION)
FIGURE 31. UK: ONLINE CLOTHING RENTAL MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 32. GERMANY: ONLINE CLOTHING RENTAL MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 33. FRANCE: ONLINE CLOTHING RENTAL MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 34. REST OF EUROPE: ONLINE CLOTHING RENTAL MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 35. ASIA-PACIFIC ONLINE CLOTHING RENTAL MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 36. CHINA: ONLINE CLOTHING RENTAL MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 37. AUSTRALIA: ONLINE CLOTHING RENTAL MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 38. REST OF ASIA-PACIFIC: ONLINE CLOTHING RENTAL MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 39. LAMEA ONLINE CLOTHING RENTAL MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 40. LATIN AMERICA: ONLINE CLOTHING RENTAL MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 41. MIDDLE EAST: ONLINE CLOTHING RENTAL MARKET REVENUE, 2016-2023 ($MILLION)
FIGURE 42. AFRICA: ONLINE CLOTHING RENTAL MARKET REVENUE, 2016-2026 ($MILLION)
FIGURE 43. CHIC BY CHOICE: COMPANY SNAPSHOT
FIGURE 44. DRESS & GO: COMPANY SNAPSHOT
FIGURE 45. GLAM CORNER PTY LTD: COMPANY SNAPSHOT
FIGURE 46. GWYNNIE BEE: COMPANY SNAPSHOT
FIGURE 47. LE TOTE: COMPANY SNAPSHOT
FIGURE 48. LENDING LUXURY COMPANY SNAPSHOT
FIGURE 49. RENT THE RUNWAY: COMPANY SNAPSHOT
FIGURE 50. SECOHOLDINMGS LIMITED: COMPANY SNAPSHOT
FIGURE 51. SECRET WARDROBE: COMPANY SNAPSHOT
FIGURE 52. SHARE WARDROBE: COMPANY SNAPSHOT

 

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