$990 Million Growth in Online Clothing Rental Market | Dominated by Armoire Style Inc., Glam Corner Pty Ltd., Gwynnie Bee and other players

Key Market Dynamics:

  • market engine
  • Market challenges

The market is driven by factors such as the growth of the e-commerce fashion industry, the growing participation of people in social events, and the growth of the fast fashion industry. However, challenges such as inventory management challenges, limitation of cross-border rental services, and additional fees to avail online clothing rental services will reduce the growth potential of the market.

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The Online Clothing Rental market report is segmented by end user (women, men and children) and by geography (APAC, North America, Europe, South Americaand MEA).

By end-user, the market generates maximum revenue in the women’s segment. Growing demand for women’s wear for various occasions such as dates, formal meetings, parties, vacations, weddings, outdoor activities and daily work is driving the growth of the segment. Additionally, many sellers are beginning to offer styling services for women to improve the customer value proposition. For example, Rent The Front Row LLC., a provider based in London offers personalized shopping services for women, in addition to sourcing luxury clothing from around the world and offering wardrobe advice. Such developments among vendors are further accelerating the growth of the segment.

APAC will dominate the market growth, occupying 41% of the global market share. Rising sustainability awareness and improved laundry services among consumers are driving the growth of the online clothing rental market in APAC. Additionally, the growing trend of renting high-end clothing online for various social events, driven by increasing disposable incomes, is driving the growth of the regional market.

See our sample report for additional information on the contribution to the growth of various market segments and regions.

Online Clothing Rental Market: Vendor Landscape

The global online clothing rental market is fragmented. The market is characterized by the presence of a large number of national and international players. The sellers continuously update their offers according to the latest fashion trends for each season. Also, the intense competition in the market forces the vendors to focus on various aspects such as product differentiation, portfolio expansion, and competitive pricing to gain an edge over their competitors.

  • Wardrobe Style Inc.: The company provides online clothing rental services for women.
  • Glam Corner Pty Ltd. : The company provides online clothing rental services for women.
  • Gwynnie Bee: The company provides online clothing rental services for women.
  • Dress The Queen: The company offers online rental clothing such as hijabs, dresses, tops, bottoms for children and women.
  • Le Tote inc. : The company offers clothing rental services such as classic, maternity and women’s gift cards.
  • Lend luxury
  • Mine for Nine LLC
  • Rent the track inc.
  • Rotary
  • StyleLend Inc.

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Related reports:

Women’s Clothing Market by Product, Distribution Channel and Geography – Forecast and Analysis 2021-2025

Men’s Fashion Market by Product, Distribution Channel and Geography – Forecast and Analysis 2021-2025

Scope of the online clothing rental market

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of nearly 10%

Market Growth 2021-2025

$990.00 million

Market structure

Fragmented

Annual growth (%)

8.28

Regional analysis

APAC, North America, Europe, South America and MEA

Successful market contribution

APAC at 41%

Main consumer countries

South Korea (Republic of Korea), Japan, China, United States, Germany and Australia

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Armoire Style Inc., Glam Corner Pty Ltd., Gwynnie Bee, La Reina Gown, Le Tote Inc., Lending Luxury, Mine for Nine LLC, Rent the Runway Inc., Rotaro and Style Lend Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Main topics covered:

  • Summary
  • Market landscape
  • Market sizing
  • Five forces analysis
  • Market segmentation
  • Customer landscape
  • Geographic landscape
  • Supplier Landscape
  • Vendor analysis
  • appendix

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